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PASSENGER NUMBERS UP 12pc
Etihad soars high with record $6.1bn revenue
UAE national carrier Etihad Airways posted a 27 per cent jump in its revenue in 2013 which soared to $6.1 billion from $4.8 billion the previous year on the back of increased passenger numbers.
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500,000 HOMES NEEDED
Saudi launches housing scheme to ease shortage
Saudi Arabia's government has launched a new scheme to provide housing aid to its citizens, in the hope of ending a shortage of homes which has depressed living standards and is politically sensitive for the government.
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21pc GROWTH IN GPWs
GCC insurance growth outpaces developed markets
The GCC insurance markets have posted solid growth from 2002 through 2012, and remain higher than those of developed markets and some key emerging markets with a 21 per cent CAGR growth in gross premiums written (GPW), said a report.
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ANALYSIS
Online vs in-store shopping: convenience is key
An overwhelming majority (91 per cent) of consumers find it easier to purchase in-store than either online or by mobile, while about 46 per cent said they plan to buy more online in future, according to a survey.
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TECHNOLOGY
Online 'Magna Carta' needed: Web founder
The inventor of the world wide web, Tim Berners-Lee, has called for bill of rights to protect freedom of speech on the Internet and users' rights after leaks about government surveillance of online activity.
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IMAGE OF THE DAY
Jumbo buffet
Elephants enjoy a "buffet" of fruit and vegetables during Thailand's National Elephant Day in the ancient Thai capital Ayutthaya. Thais honoured elephants with ceremonies across the country to pay homage to their national animal.
Top Trade News
 | Industry Sectors |
R&M wins Oman residential project contract
Reichle & De-Massari (R&M), the Swiss structured cabling specialist, said it has been contracted to deliver a high-performance, end-to-end cabling infrastructure solution for a key residential project in Oman.
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Big jewellery show opens in Abu Dhabi
Over 190 renowned exhibitors and brands from across the globe are showcasing their gemstone, gold and silver jewellery at the 22nd International Jewellery and Watch Show (JWS) which opened in Abu Dhabi.
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Egypt will get oil aid from Arab states
Arab countries will extend aid to Egypt in the form of petroleum products until at least September, Finance Minister Hany Kadry Dimian said, a move that will help avert an energy crunch expected in the summer when consumption soars.
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Egypt regulator sets rules for index
Egypt's financial market regulator, seeking to attract capital back to the stock market, has released rules to facilitate the creation of index and real estate funds as well as amendments to margin trading rules.
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Online 'Magna Carta' needed: Web founder
The inventor of the world wide web, Tim Berners-Lee, has called for bill of rights to protect freedom of speech on the Internet and users' rights after leaks about government surveillance of online activity.
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Ducab acquires British cable firm
Dubai-based Ducab, a leading manufacturer of wires and cables, has announced the acquisition of Britain's AEI Cables, one of the oldest cable makers in the world.
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Mövenpick opens organic hotel in Egypt
Mövenpick Hotels & Resorts has announced the opening of a new 144-room, four-storey hotel in Egypt in line with its organic expansion strategy.
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Acer targets double digit growth in Saudi
Acer is targeting double digit growth in Saudi Arabia this year on the back of steady increase in demand for its new range of touch devices, the company said.
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UAE summons Iraq envoy over Saudi comments
The UAE summoned Iraq's ambassador on Wednesday to protest against his prime minister's accusations that its ally Saudi Arabia was funding terrorism, state news agency WAM reported, while Bahrain called the comments "irresponsible".
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Global debut for Audi RS 5 model
Audi has unveiled the new generation of its DTM Championship winning car, which boasts of several key features apart from an all new sporty look, at the ongoing Geneva Motor Show.
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Dubai Healthcare City inks deal with UAE universities
Dubai Healthcare City (DHCC) has signed key agreements with the University of Dubai and Dubai Medical College (DMC) in bid to support medical medical education and research programmes.
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Branson to address top UAE executives at du forum
Serial entrepreneur and social activist Sir Richard Branson will address CEOs and top executives from the UAE at a du forum on leadership and entrepreneurship.
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Masdar Institute launches BP scholarship programme
The Institute Center for Innovation and Entrepreneurship (iInnovation) at Masdar Institute of Science and Technology has launched the BP Innovation Scholarship programme.
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Middle East grain import bills could rise
Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers, a shift that is likely to push up import bills.
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