Friday 24 October 2014

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FOREIGN RESERVES HIT $38bn
Lebanon plans $1 billion economic stimulus for 2015

Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighbouring Syria, the central bank governor said.

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1

NON-OIL EXPORTS SOAR 22pc
Saudi imports jump 19.6pc to $15bn in August

Saudi Arabia's imports jumped an annual 19.6 per cent in August, ending nine consecutive months of declines, while growth in non-oil exports accelerated to 22.2 per cent, official data showed on Thursday.

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2

DEAL UNDER SANCTIONS RELIEF
Boeing books first sales to Iran since 1979

Boeing said on Wednesday it had sold aircraft-related goods to Iran Air in the third quarter, marking the first acknowledged dealings between US aerospace companies and Iran since the 1979 US hostage crisis.

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3

SPOTLIGHT
Gulf airlines target Italy as transit point for expansion

Having shuttled millions of travellers through their plush home bases, rival Gulf airlines are now battling over an Italian market which they see as ripe for expansion and key to driving traffic on to long-haul routes.

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4

OPINION
Three ridiculous myths about cyber security

IT security is peppered with a number of exaggerations about threats facing businesses and the solutions to those threats, and several of these misconceptions have become "cyber security myths".

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5

IMAGE OF THE DAY
New gateway to the Pacific

The first rolling gate for the new locks on the Pacific side of the Panama Canal is transported on a barge with the help of two tugboats through the Panama Canal on October 22. The expansion project will allow bigger ships to transit.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Khodari may double capex for big Saudi projects

Major Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said it may double its capital spending in coming years to cope with the work it hopes to do on the country's big infrastructure projects.

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Retail & Wholesale

Yas Mall to unveil brand new retail concepts

Yas Mall, Abu Dhabi’s ultimate retail destination set to open in November, is set to unveil a variety of brand new concepts launched for the first time by leading regional and international retail stores.

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Energy, Oil & Gas

Saudi Arabia’s Acwa power shifts toward renewable

Saudi Arabia-based power and water project developer Acwa Power IPO is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy.

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Finance & Capital Market

Finance House posts 9-month profit of $22m

Abu Dhabi-based Finance House (FH) has registered a consolidated net profit of Dh81.3 million ($22.1 million) for the first nine months of 2014, compared to Dh80.2 million ($21.8 million) in the corresponding period last year.

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Analysis, Interviews, Opinions

Gulf airlines target Italy as transit point for expansion

Having shuttled millions of travellers through their plush home bases, rival Gulf airlines are now battling over an Italian market which they see as ripe for expansion and key to driving traffic on to long-haul routes.

More…
Industry, Logistics & Shipping

Saudi imports jump 19.6pc to $15bn in August

Saudi Arabia's imports jumped an annual 19.6 per cent in August, ending nine consecutive months of declines, while growth in non-oil exports accelerated to 22.2 per cent, official data showed on Thursday.

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Travel, Tourism & Hospitality

Sharjah airport opens new $136m runway

Sharjah Airport has opened a new Dh500-million ($136 million) runway which has been designed to receive new generations of aircraft such as the Boeing 747-800, Airbus A380, and giant freighters like AN124 and AN225.

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IT & Telecommunications

China hackers 'may have infiltrated Apple's iCloud'

Apple's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign.

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Lifestyle

Qatar’s boat show doubles in size

The Qatar International Boat Show (QIBS) has grown in size and stature with leading bands such as Lurssen, Palmer Johnson, Blohm and Voss, and Esen Yacht headed out for the event, which will be held in Doha’s premier marina next month.

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Media & Promotion

Google launches ‘real-time’ email service

Google launched an email service called "Inbox" on Wednesday that will better organise emails and display information such as appointments, flight bookings and package deliveries in a more user-friendly way.

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Education, HR & Training

GCC upbeat on hiring, but young talent ‘a concern’

GCC employers looking to hire hundreds of thousands of new recruits in the next 12 months are also projecting an average 9 per cent increase in salaries, but a new study says they face a major challenge with young talent.

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Miscellaneous
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