Wednesday 17 September 2014

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PROFITS SEEN UP 17pc
Saudi corporate earnings growth set to jump

The combined net profits of Saudi Arabia's leading companies are expected to rise 17 per cent in 2014 and a further 11 per cent in 2015, largely on the back of petrochemical producers and banks.

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SAUDI CLAIMS 10th RANK
UAE tops world in billionaire wealth growth

Billionaire wealth in the UAE surged to $132 billion in 2014 from $45 billion last year, marking a worldwide record increase of 193 per cent, a report said.

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2

STAND-OFF ENDS
Qatar Airways takes delivery of its first A380

Qatar Airways has taken delivery of its first Airbus A380 superjumbo, ending a three-month standoff with the planemaker over the quality of its cabin fittings.

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3

INTERVIEW
Power cuts ‘biggest hurdle to investment in Egypt’

Power cuts dogging Egypt have become the biggest obstacle to luring back foreign investment after three years of political upheaval, the country's investment minister said on Tuesday.

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4

New global plans aim to crack down on tax avoidance by firms

Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google and Amazon.com to shave billions of dollars off their tax bills.

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5

IMAGE OF THE DAY
Lara, Scottish beauty in Bahrain

West Indies cricket legend Brian Lara was in Bahrain last week with his friend Jamey Bowers, the current holder of the Miss Scotland title. They stayed at the Best Western Hawar Resort Hotel for two days.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Dalma Mall to introduce new attractions

Dalma Mall, the largest shopping and lifestyle destination in Abu Dhabi,UAE, will introduce the latest technology movie screens and add more global brands in order to attract more customers.

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Energy, Oil & Gas

UAE to build two more nuclear power reactors

The UAE has approved the construction of two additional nuclear power reactors at the Barakah site in the Western Region of the Abu Dhabi emirate by the Emirates Nuclear Energy Corporation (Enec).

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Finance & Capital Market

First tranche of Emaar malls IPO already covered

Emaar Properties said institutional investors have committed to buying all the shares offered to them in the flotation of its shopping malls business only a day after the initial public offering (IPO) was launched.

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Analysis, Interviews, Opinions

Slowing climate change makes economic sense: study

Investments to help fight climate change can also spur economic growth, rather than slow it as widely feared, but time is running short for a trillion-dollar shift to transform cities and energy use, an international report said on Tuesday.

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Industry, Logistics & Shipping

Modern Abrasives launches new facility in Bahrain

Modern Abrasives Middle East, a Bahrain-based company established in collaboration with Ekamant AB of Sweden, has launched its new facility in the Hidd industrial area of the kingdom.

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Travel, Tourism & Hospitality

Qatar Airways takes delivery of its first A380

Qatar Airways has taken delivery of its first Airbus A380 superjumbo, ending a three-month standoff with the planemaker over the quality of its cabin fittings.

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IT & Telecommunications

SEC awards SAP contracts to Wipro Arabia

Saudi Electricity Company (SEC), the largest power utility company in the Middle East, has awarded two major SAP ERP application contracts to Wipro Arabia, in a strategic partnership with the subsidiary of India-based IT leader Wipro.

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Government & Laws
Motoring

Toyota to test vehicles for extreme conditions

Toyota Motor Corporation has launched a project in which the company employees will assess vehicles, engaging in long distance driving in the extreme road and climate conditions of Australia.

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Health & Environment

Obama expands US role fighting Ebola spread

President Barack Obama has called West Africa's deadly Ebola outbreak a looming threat to global security and announced a major expansion of the US role in trying to halt its spread, including deployment of 3,000 troops to the region.

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Media & Promotion

15 Bahraini women make the Forbes list

Fifteen Bahraini women, including ministers and business leaders, have been listed in this year's Forbes Middle East 200 Most Powerful Arab Women.

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Education, HR & Training

Enec, Abu Dhabi Polytechnic sign training deal

The Emirates Nuclear Energy Corporation has signed an deal with the Abu Dhabi Polytechnic on a joint vocational training programme that will be instrumental in developing a skilled Emirati workforce to support UAE’s nuclear energy industry.

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Miscellaneous

BAE awards contract to train Oman military pilots

BAE Systems has awarded US-based L-3 Communications a contract to develop a training programme for pilots of Royal Air Force of Oman (RAFO) to operate BAE’s advanced jet trainer aircraft.

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