Wednesday 27 August 2014

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INFRASTRUCTURE BOOST
Algeria to launch $262bn five-year investment plan

Algeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said.

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1

BEHEADINGS, BARREL BOMBS WEIGH
ISIS, Syrian government committing war crimes: UN

The Syrian government and Islamic State insurgents are both committing war crimes and crimes against humanity in their increasingly brutal fight against each other, UN investigators said on Wednesday.

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2

AIR POLLUTION KILLING 7m YEARLY
Act quickly against climate-linked health risks: WHO

The health sector needs to act quickly and assertively to promote climate-smart strategies, climate and health experts warned at a global conference on health and climate, which opened today in Geneva.

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3

ANALYSIS
Libya's oil recovery may be short-lived

A comeback by Libya's oil industry may be short-lived as a confrontation between armed groups risks splitting the country three years after the fall of Muammar Gaddafi.

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4

ANALYSIS
Libyan raids could herald bolder Arab action

Air strikes against Libyan Islamist militants that US officials had said were staged by Egypt and the United Arab Emirates could mark an escalation of a regional struggle over the future of the Arab world.

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5

IMAGE OF THE DAY
Homeward bound

Members of a Palestinian family ride a motorcycle as they return to their house in the east of Khan Younis following a ceasefire in the southern Gaza Strip August 26.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Arabtec ex-CEO eyes $1.3 per share

A former chief executive of Dubai construction firm Arabtec said he was in talks on selling some of his stake to Abu Dhabi's Aabar Investments and wanted over Dh5 ($1.3) per share, a level 4 per cent above the market price.

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Retail & Wholesale

30pc of Dragon City retail space sought for GCC traders

A committee of the Bahrain Chamber of Commerce and Industry has proposed that 30 per cent of the retail space in the planned Dragon City be allocated to Bahraini and Gulf business owners and the rest to Chinese businesses.

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Energy, Oil & Gas

Saudi crude exports fall as domestic demand rises

Saudi crude exports fell in June to their lowest levels in almost three years as oil use in the country's power sector rose and local refineries processed high volumes, official data showed.

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Finance & Capital Market

Algeria to launch $262bn five-year investment plan

Algeria will launch a new five-year investment plan worth $262 billion to boost domestic production and move its economy away from reliance on oil and gas, the government said.

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Analysis, Interviews, Opinions

Libya's oil recovery may be short-lived

A comeback by Libya's oil industry may be short-lived as a confrontation between armed groups risks splitting the country three years after the fall of Muammar Gaddafi.

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Travel, Tourism & Hospitality
IT & Telecommunications

Mobily set to move towards ICT leadership in region

Saudi Arabia-based telecom operator Mobily is set to transform from a telecommunication provider to a leading information, communication and technology (ICT) services provider by 2020.

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Government & Laws

Special travel ban task force urged in Bahrain

Bahrain continues to face challenges when it comes to travel ban victims because of a lack of co-operation between government bodies, according to a rights report.

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Motoring

Lexus posts 20 per cent growth in Middle East

Lexus today announced a robust growth in the Middle East (GCC, Yemen, Lebanon and Jordan), with 21,598 units sold across the region during the first six months of 2014 – marking an increase of 20 per cent over the corresponding period last year.

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Health & Environment

Act quickly against climate-linked health risks: WHO

The health sector needs to act quickly and assertively to promote climate-smart strategies, climate and health experts warned at a global conference on health and climate, which opened today in Geneva.

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Media & Promotion

400 exhibitors to showcase at Dubai signage show

More than 400 exhibitors from across 30 countries and more than 10,000 trade visitors are set to take part a top signage show in Dubai in January next year.

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Education, HR & Training

ICDL to crackdown on fake certificate racket

ICDL Arabia has warned that it will take tough and immediate legal actions against all those who illegally produce, sell and grant fake ICDL certificates.

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