Friday 27 February 2015

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UAE ARMY BUYS 2 C-17s
$5bn deals signed at Abu Dhabi Idex

Deals worth Dh18.328 billion were signed at the International Defence Exhibition and Conference (Idex 2015), which concluded in Abu Dhabi, UAE, today.

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1

RETAIL, LEISURE PROJECTS
Majid Al Futtaim to invest $2.35bn in Egypt

Majid Al Futtaim, a Dubai-based shopping mall, retail and leisure pioneer, is expanding its investments in Egypt, pumping EGP18 billion ($2.35 billion) in the market as part of an ongoing five-year plan.

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2

MONTHLY CAPACITY UP BY 400 UNITS
Streit opens armoured vehicles park at RAK FTZ

Streit Group, the world’s leading manufacturer of armoured vehicles, has inaugurated phase two of the world’s largest industrial park for armoured vehicles industry at the Ras Al Khaimah Free Trade Zone (RAK FTZ).

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3

MIDEAST MONEY
Bahrain banks on infrastructure, private sector

Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week.

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4

ANALYSIS
Saudi oil market strategy beginning to pay off

Opec kingpin Saudi Arabia is feeling vindicated after a strategy of allowing oil to flood the market has begun to achieve what it was aiming for.

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5

IMAGE OF THE DAY
Room for everyone

Passengers travel on an overcrowded train on the outskirts of New Delhi on February 26. India will increase investment in its overloaded railway network to $137 billion over the next five years, the government said on Thursday.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Nshama to unveil 750-acre town square in Dubai

Nshama, a private developer of lifestyle communities, is unveiling the first-of-its-kind and largest town square development spread over 750 acres in Dubai, UAE.

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Retail & Wholesale

Albayan Media to organise retail event in Bahrain

Albayan Media Group, a leading provider of integrated creative media solutions in the GCC, will organise the third Bahrain Retail Congress Conference and Workshops in this May.

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Energy, Oil & Gas

Oil above $62 after Saudi comments on demand

Oil rose above $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in US crude stockpiles which underlined currently ample supplies.

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Finance & Capital Market

StanChart picks ex-JPMorgan executive as CEO

Standard Chartered said former JPMorgan investment bank boss Bill Winters will take over as chief executive in June to replace Peter Sands, after investors demanded change at the helm following two years of problems.

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Analysis, Interviews, Opinions

Bahrain banks on infrastructure, private sector

Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week.

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Industry, Logistics & Shipping

Streit opens armoured vehicles park at RAK FTZ

Streit Group, the world’s leading manufacturer of armoured vehicles, has inaugurated phase two of the world’s largest industrial park for armoured vehicles industry at the Ras Al Khaimah Free Trade Zone (RAK FTZ).

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Travel, Tourism & Hospitality

UAE airlines cleared to resume Baghdad flights

The UAE's civil aviation regulator has given approval for local carriers to resume flights to Baghdad, reversing a directive that halted flights after bullets hit a Dubai plane as it landed in the Iraqi capital late last month.

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IT & Telecommunications

Etisalat hails landmark year as profits hit $2.4bn

UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year.

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Lifestyle

Two Porsches to make global debut

German sports car manufacturer Porsche will celebrate the world premiere of two extreme sports cars at the 2015 Geneva International Motor Show, which will be held in Geneva, Switzerland, from March 3 to 15.

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Motoring

New Land Rover model launched in Bahrain

The new Land Rover Discovery Sport was launched yesterday (February 25) at the Land Rover Experience Centre in Bahrain International Circuit, Sakhir.

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Health & Environment

Stroke a top cause of disability among adults, deaths to double

Stroke is increasingly becoming a major health issues in the Middle East and North Africa region, with projections that deaths from it will nearly double by 2030, according to experts.

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Education, HR & Training

Mideast leads growth of international schools market

The Middle East continues to dominate the global English-medium international schools market, according to research presented at the ongoing GESS Dubai exhibition.

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Miscellaneous

UAE firm signs $235m support deal with Oshkosh

Emirates Advanced Research and Technology Holding of the United Arab Emirates has signed a an Dh864 million ($235 million) technical support contract with Oshkosh Corp, said a top official.

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