Saturday 28 May 2016

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$800m PROJECT
Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said.

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1

‘BIGGEST ONSLAUGHT IN 2 YEARS’
IS advances near Turkish border, civilians trapped

Islamic State fighters captured territory from Syrian rebels near the Turkish border on Friday and inched closer to a town on a supply route for foreign-backed insurgents fighting the jihadists, a monitoring group said.

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2

'OIL MARKETS REBALANCING FAST'
Oil prices ease from seven-month high to below $49

Oil futures fell below $49 on Friday, easing from a seven-month high hit this week, with analysts predicting range-bound markets for the next few months as supply outages slowly help to clear a global glut of crude.

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3

TECHNOLOGY
Aerospace industry takes small steps toward Big Data

The aerospace industry is struggling to make the most of the chances offered by Big Data to reduce production costs, optimize flight routes, and improve monitoring and maintenance of aircraft equipment, executives say.

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4

FOCUS
Climate change threatens iconic tourist sites: UN

Extreme weather is becoming one of the biggest risks to World Heritage icons like the Polynesian Easter Island or Britain's Stonehenge, posing a threat to tourism and economies alike, scientists and UN experts said.

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5

NEWS IN PICTURES
Strategic talks

Russian Foreign Minister Sergei Lavrov (R), Kuwait's Foreign Minister Sheikh Sabah Al Khalid Al Sabah (L) and Saudi Foreign Minister Adel Al-Jubeir (C) pose during the strategic Russia- GCC meeting in Moscow on May 26.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Egypt wins Kuwait funding for infrastructure projects

Egypt is set to secure $100 million funding from Kuwait government for the speedy development of its key infrastructure projects including desalination plants and roads, said a report.

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Retail & Wholesale

UAE-based UNIKAI taps into Qatari FMCG market

United Kaipara Dairies (UNIKAI), one of the largest fast moving consumer good (FMCG) companies in the UAE, has signed a memorandum of understanding (MoU) with Qatar Foods & Services, to make available UNIKAI products in the Qatari FMCG.

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Energy, Oil & Gas

Saudi Aramco discovers new oil and gas fields

Committed to continue investing in its energy sector to meet future demand, Saudi Arabia's state oil giant Aramco has discovered three new oil and gas fields, its new energy minister said.

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Finance & Capital Market

Symantec says Swift heist linked to Philippines attack, Sony hack

Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the 2014 hack on Sony Pictures, cybersecurity company Symantec Corp said in a blog post on Thursday.

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Analysis, Interviews, Opinions

Climate change threatens iconic tourist sites: UN

Extreme weather is becoming one of the biggest risks to World Heritage icons like the Polynesian Easter Island or Britain's Stonehenge, posing a threat to tourism and economies alike, scientists and UN experts said.

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Industry, Logistics & Shipping

China's SAIC-GM to recall 2.16m vehicles

General Motors Company joint venture with SAIC Motor Corp Ltd will recall about 2.16 million vehicles starting August 15 because the engine crankcase valves may corrode, said China's principal consumer protection watchdog.

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Travel, Tourism & Hospitality

Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said.

More…
Motoring

Nissan to showcase zero-emission vehicles at UEFA final

Japanese automaker Nissan will be showcasing its line of zero-emission vehicles at the UEFA Champions League final game in Milan to be held on May 28. The vehicles will be used to transport guests and officials throughout the weekend.

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Health & Environment

Kuwait selects cloud solution for water management

EnerTech, a wholly-owned subsidiary of the National Technology Enterprises Company (NTEC) of Kuwait, has selected the Waterfund Insight Service to model and prioritise its strategic water technology investments.

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Media & Promotion

Cineco opens new $16m cineplex in Qatar

Bahrain Cinema Company (Cineco) announced the opening of a new QR60 million ($16.4 million) Cineplex at the Gulf Mall in Gharafa, Qatar, yesterday (May 26).

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Education, HR & Training

Employee wellness programme helps drive growth: experts

Investing in employee wellness programmes is key to driving profitability and growth amid challenging business times, say some of the region’s top business leaders.

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Miscellaneous

Iconic planes on display at Bahrain exhibition

A new exhibition celebrating the strong civil and military aviation heritage between Bahrain and the United Kingdom will open at the Bahrain National Museum tomorrow (May 23) with iconic planes on display.

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