Monday 1 September 2014

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DEAL WITH SEVENS HOLDING
Kerzner to open One&Only resort in Bahrain

Kerzner International Holdings, a leading international developer and operator of destination resorts and luxury hotels, has entered into an agreement with Sevens Holding to develop and operate a new One&Only resort in Seef, Bahrain.

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1

MENA OPERATIONS STRONGER
Gulf Air cuts losses by 30pc on higher revenue

Bahrain’s national airline Gulf Air has cut year-on-year losses by nearly a third and increased overall revenue by 10 per cent in the first half this year, the airline said.

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2

FIRST SHIPMENT NEXT WEEK
UAE to give Egypt petroleum products worth $8.7bn

The United Arab Emirates will provide Egypt with petroleum products worth $8.7 billion over a year, starting in September, an Egyptian official told Reuters on Sunday.

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3

ANALYSIS
Saudi economy positioned for a cyclical rebound

Saudi Arabia’s economy will start gathering pace from the second half of the year, as the non-oil economy adjusts to the labour market initiatives and base effects turn favourable in 2015, a report said.

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4

SPECIAL REPORT
GCC ports serving range of strategic interests

The Gulf’s oil bonanza and resulting economic windfall has in recent years placed unprecedented burden on the region’s transport infrastructure, impacting its ability to trade efficiently with the outside world, reports Simon Hallett.

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5

IMAGE OF THE DAY
Flow of fire

The lava flows at a rate of about 1,000-cu-m per second on the ground after the Bardabunga volcano in Iceland erupted again on August 31. The fissure is estimated to be at least 1.5 kilometres long and the lava six to eight metres thick.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai group launches high-end office project

Sweid & Sweid Development, a Dubai-based boutique real estate firm, has broken ground on its high-end office building project, 'The Edge' in Dubai Internet City.

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Retail & Wholesale

Omani products expo logs big visitor footfall

A major exhibition aimed at highlighting the capabilities of Omani products to compete locally and internationally ended yesterday (August 30) in Salalah after recording a significant turnout from the visitors.

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Energy, Oil & Gas

UAE institute inks biodiesel research deal

Abu Dhabi-based Masdar Institute of Science and Technology has signed a two-year research agreement with Tadweer, the Center of Waste Management (CWM) on improving the process for production of biodiesel from waste cooking oil.

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Finance & Capital Market

Emaar Properties to launch malls unit IPO in Sept

Emaar Properties will launch an initial public offer to sell at least 15 per cent of its shopping malls and retailing unit on Dubai's main stock market in September, and plans to list the shares in October.

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Analysis, Interviews, Opinions

GCC ports serving range of strategic interests

The Gulf’s oil bonanza and resulting economic windfall has in recent years placed unprecedented burden on the region’s transport infrastructure, impacting its ability to trade efficiently with the outside world, reports Simon Hallett.

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Industry, Logistics & Shipping

Tasneef to classify Drydocks marine fleet

Emirates Classification Society (Tasneef) has entered into a deal with Drydocks World, a Dubai-based maritime service provider, to provide classification and maritime surveying services for its entire fleet.

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Travel, Tourism & Hospitality

Abu Dhabi hotel guest numbers up 26pc

Abu Dhabi achieved a 26 per cent growth in hotel guest arrivals in July as compared to the same period last year, with hotel revenues reaching Dh317 million ($85.7 million).

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IT & Telecommunications

EMEA server shipments, revenue up in Q2

Server shipments in EMEA grew for the first time in 11 quarters, by 0.8 per cent during the second quarter of 2014, while server revenue also grew after 10 previous quarters of consecutive revenue declines, a report said.

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Government & Laws

GCC closer to resolving Qatar dispute

GCC countries are closer to a decision on the six-month dispute with Qatar, which they had accused of destabilising the region by supporting the Muslim Brotherhood, a report said.

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Health & Environment

Energy from coffee wastewater

A project by UTZ Certified has proven that it’s possible to generate energy, tackle climate change and protect water resources by treating discharges from coffee mills.

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Media & Promotion

Emirati writer’s novel on sale at Amazon

'City of Stars,' a fiction written by an Emirati student, Sara Galadari, is currently on sale at Amazon.com. It is tale of a young woman who fights against the ideas of prejudice and stigma of the social class that she is raised in.

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Education, HR & Training

Dubai institute ties up with Jordanian Ministry

Dubai-based Mohammed Bin Rashid School of Government (MBRSG), a research and teaching institution has signed a MoU with the Jordanian Ministry of Public Sector Development and Jordanian Institute of Public Administration.

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Miscellaneous

Starbucks ‘Branded Solutions’ comes to Mena

Starbucks, a premier coffee roaster and retailer, has announced the regional launch of its ‘Branded Solutions’ programme, where businesses can team-up with the global coffee company to bring its coffee to the workplace.

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