Friday 1 August 2014

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LONG-TERM TRUCE TALKS IN CAIRO
Israel, Hamas groups begin 3-day Gaza truce

A three-day ceasefire between Israel and Palestinian militant groups in the Gaza Strip went into effect on Friday, and negotiators were due to travel to Cairo to discuss a longer-term solution.

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1

SMALL NATIONS ‘BIGGEST LOSERS'
WTO’s $1trn customs deal blocked by India’s demands

The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

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2

MORTGAGE CAP WEIGHS
Dubai luxury home prices growth tops global average

Dubai has got the status of the best performing luxury property market in the Mideast, while its 6.3 per cent annual price growth of luxury homes is better than the global average recorded during the first half of the year, a report said.

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3

FOCUS
Taxis, planes and viruses: How deadly Ebola can spread

For scientists tracking the deadly Ebola virus in West Africa, it's not about complex virology and genotyping, but about how contagious microbes - like humans - use planes, bikes and taxis to spread.

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4

SPECIAL REPORT
Data, tech jobs shine as the Internet of Things take off

STEM-related online work takes off as start-ups embrace the Internet of Things, while all things 3D soar on the back of 3D printing advances and SMEs are trusting freelancers with their finances and corporate identity, a report said.

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5

IMAGE OF THE DAY
Unspeakable grief

Relatives of the victims cry after an explosion in Kaohsiung, southern Taiwan on August 1. The explosion caused by a gas leak in Taiwan's second city killed 22 people, injured 270 and sent flames shooting 15 storeys into the air.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Dubai residential property prices edge up in June

The Dubai Residential Property Sales Price Index for all residential increased by 3.7 points, from 291.3 to 295.0, which marking a rise of 1.28 per cent in June, while prices increased 36.2 per cent year-on-year (y-o-y), a report said.

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Retail & Wholesale

Samsung's Q2 profit slides 25pc to $7bn

Samsung Electronics sung said its operating profit fell 24.6 per cent in the second quarter of the year to 7.2 trillion won ($7.03 billion), marking its worst quarterly profit in two years.

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Energy, Oil & Gas

Cannot seize Kurdish crude for now: US court

The dispute over a tanker carrying $100 million in Iraqi Kurdish oil took a surprising turn on Tuesday when a US judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.

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Finance & Capital Market

WTO’s $1trn customs deal blocked by India’s demands

The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

More…
Analysis, Interviews, Opinions

Data, tech jobs shine as the Internet of Things take off

STEM-related online work takes off as start-ups embrace the Internet of Things, while all things 3D soar on the back of 3D printing advances and SMEs are trusting freelancers with their finances and corporate identity, a report said.

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Industry, Logistics & Shipping

Adnoc, Khalid Faraaj team wins safety award

The 42 M Aluminium Crew Boats project team for Abu Dhabi National Of Company (Adnoc) and ship operators Khalid Faraaj has been awarded a health safety and environment award by Grandweld Shipyards.

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Travel, Tourism & Hospitality

Bahrain logs 20pc rise in GCC visitors for Eid

Bahrain saw a 20 per cent increase in visitors over the last week as GCC nationals flocked to the kingdom to celebrate Eid, according to official figures.

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Motoring

McLaren to showcase P1 GTR concept at US event

British high-performance manufacturer McLaren will use its presence at the 2014 Pebble Beach Concours d’Elegance in California to showcase its new track-focused model, the McLaren P1 GTR, in design concept form.

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Health & Environment

Scientists aim for new cancer surgery device

Hungarian scientists are aiming for the first prototype of a new device in two years that will help surgeons distinguish between healthy tissue and tumours in a split-second as they operate and remove cancerous tissue precisely.

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Media & Promotion
Education, HR & Training

Gulf Capital invests in school operator

Gulf Capital, a regional alternative investment firm, has announced the completion of an investment in private school operator Evolvence Knowledge Investments (EKI) through Gulf Credit Partners, its regional fund.

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