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$2.2bn DAMAGES PAID TO DOW
Kuwait replaces top oil sector officials
State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture.
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TOP FASHION HOUSE TARGET
Qatar Holding, Italy fund eye Versace
Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore newspaper said.
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‘NO EYE ON IRAN’
Gulf naval drill highlights mine risk to shipping
A major international naval drill being conducted in the Gulf has highlighted real concerns about the potential risk to global shipping from mines planted at sea, a report said.
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ANALYSIS
Change looms for Ethiopia's ancient salt trade
For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.
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OPINION
EOR 'will anchor oil prices below $100'
Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 power plants, at a price of just $85 per barrel, according to an estimate.
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IMAGE OF THE DAY
Merci, Paris
Paris Saint-Germain players throw David Beckham in the air at the end of their team's French Ligue 1 soccer match against Brest at the Parc des Princes stadium in Paris. Ex-England skipper Beckham will retire at the end of the season.
Top Trade News
 | Industry Sectors |
Big demand for housing projects at KAEC
The huge influx of investments in business enterprises and industrial projects at King Abdullah Economic City (KAEC) have resulted in a surge in demand for residential accommodation for employees and workers, said a senior official.
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D’damas opens new outlet in India
D’damas, a joint venture between leading jewellers Gitanjali Group and Dubai-based Damas, has announced the launch of its 4,000 sq ft store at Lucknow, the capital of north Indian state of Uttar Pradesh.
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Kuwait replaces top oil sector officials
State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co over a scrapped plastics joint venture.
More…
Qatar Holding, Italy fund eye Versace
Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore newspaper said.
More…
Change looms for Ethiopia's ancient salt trade
For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.
More…
GCC exports over 80pc of petchem production
The Gulf countries export more than 80 per cent of their petrochemical production including ethylene glycol, styrene monomer and paraxylene to overseas markets, said a senior industry expert.
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Jordan airport sees record passenger traffic
Jordan's recently-opened Queen Alia International Airport (QAIA) has registered a 8.6 per cent growth in passenger traffic which reached 549,861 in March compared to the 506,189 last year.
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Mobily partners with PCCW Global
Mobily, the second largest telecoms company in Saudi Arabia, said its subsidiary Bayanat Al Oula has signed a co-operation agreement with PCCW Global to enhance its business opportunities.
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Saudi says hackers sabotage govt websites
Several government websites in Saudi Arabia were sabotaged in a series of heavy cyber attacks from abroad in recent days, disabling them briefly until the attacks were repelled, the government said.
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New Jaguar F-TYPE makes UAE debut
UAE-based Al Tayer Motors has launched Jaguar F-TYPE, the new all-Aluminium two-seater convertible sports car from the leading luxury automotive manufacturer Jaguar and Land Rover.
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Bahrain, Saudi hospitals in transplant tie-up
Bahrain’s Salmaniya Medical Complex (SMC) is tying up with the King Fahad Hospital in Saudi Arabia to create a cross-border transplant programme for patients needing a new kidney, liver or pancreas.
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Saudi woman creates history by climbing Everest
Raha Moharrak, a 25-year-old Saudi woman, has made history by becoming the youngest Arab to reach the summit of the world's highest mountain Everest.
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Oman Air to invest heavily in staff training
Oman Air, the national carrier of the Sultanate, has committed RO2 million ($5.17 million) to staff training in 2013, having already invested more than RO3.3 million over the previous two years.
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Jotun launches coatings for home products
Jotun, a leading manufacturer of paints and coatings, has launched a range of powder coatings specially formulated to bring distinct visual character, colour and personality into household products.
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