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LOWER CAPITALISATION WEIGHS
Saudi IPO subscriptions plunge 53pc in Q1
The subscriptions to initial public offerings (IPOs) in the Saudi stock market plunged 53 per cent in the first six months to SR1.2 billion ($319 million) from SR2.5 billion during the same period last year, said a report.
1
OVERSEAS EXPANSION
Abraaj acquires top African frozen dairy business
The Abraaj Group, a leading investor operating in growth markets, has reached an agreement to acquire a 100 per cent stake in Fan Milk International, a leading manufacturer and distributor of frozen dairy products and juices in Africa.
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SAUDI DEATH TOLL RISES TO 32
Deadly new virus a 'serious risk' in hospitals
The new Middle East coronavirus that has claimed 32 lives in Saudi Arabia after emerging late last year is a serious risk in hospitals worldwide because it is easily transmitted in healthcare environments, said experts.
3
SPECIAL REPORT
US shale 'forces adjustment in Saudi oil prices'
Even without a relaxation of the ban on US crude oil exports, the ripples of shale revolution have already reached Asia. Nowhere is that more obvious than in changes it has forced in official selling prices Saudi charges to customers.
4
ANALYSIS
Global trends boost Gulf banks as foreign rivals retrench
The financial crisis has in the last few years prompted some big Western banks to pull in their horns, cutting their teams as they focus on repairing their balance sheets back home. This has left a gap for Gulf banks to fill, says a report.
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IMAGE OF THE DAY
Smog stress in Singapore
Commuters cover their mouths in the haze in Singapore on June 20. Singapore's air quality dropped to "hazardous" levels as smoke from land clearing in Indonesia enveloped the city-state, stirring tensions between the SE Asian neighbours.
Top Trade News
 | Industry Sectors |
AECOM wins $148m Doha Expressway contract
AECOM Technology Corporation said it has won a $148 million three-year contract from Qatar government to provide construction-supervision and design-review services for a portion of the Doha Expressway program.
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Eros opens 33rd retail store in UAE
Eros Group, a leading player in consumer electronics, telecom, and allied multi-products in the Middle East, has opened its 33rd retail store in Wafi Mall at Dubai.
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Qatari gas export revenue surges in April, oil down
Qatar, the world's largest exporter of liquefied natural gas, generated nearly four times as much revenue from gas exports than from crude oil sales in April, preliminary data from the Qatar Statistics Authority showed.
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Saudi IPO subscriptions plunge 53pc in Q1
The subscriptions to initial public offerings (IPOs) in the Saudi stock market plunged 53 per cent in the first six months to SR1.2 billion ($319 million) from SR2.5 billion during the same period last year, said a report.
More…
US shale 'forces adjustment in Saudi oil prices'
Even without a relaxation of the ban on US crude oil exports, the ripples of shale revolution have already reached Asia. Nowhere is that more obvious than in changes it has forced in official selling prices Saudi charges to customers.
More…
Bahrain port welcomes largest container vessel
APM Terminals Bahrain (APMT), the operator of the state-of-the-art Khalifa bin Salman Port, (KBSP), recently welcomed the largest container vessel yet to enter the kingdom’s waters.
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Orders top $100bn as Boeing, Airbus battle it out
Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets.
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Bahrain’s mobile firms told to boost services
Bahrain’s mobile telecom firms have been ordered to improve their performance, after an increase in the number of complaints about bad voice quality and unstable data services, a report said.
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UAE charges 30 over coup plot
A UAE state security prosecutor says 30 Egyptian and UAE suspects have been charged with plotting a coup linked to a network of Egypt's Muslim Brotherhood.
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Aston Martin rolls out new Vanquish Volante
British car maker Aston Martin has unveiled the new Vanquish Volante, a new luxury sports car that brings the thrill of open top motoring to the super GT class.
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Deadly new virus a 'serious risk' in hospitals
The new Middle East coronavirus that has claimed 32 lives in Saudi Arabia after emerging late last year is a serious risk in hospitals worldwide because it is easily transmitted in healthcare environments, said experts.
More…
New spabike launched in UAE
Spabulous Solutions has announced the launch of spabike, an entirely new concept offering innovation and privacy in aqua therapy in the Middle East region.
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Bahrain university campus project on track
The work at the BD13 million ($35.3 million) Applied Science University Campus being built on an area of 24,000 sqm in Bahrain is progressing well and is due for completion by the end of the month, said a report.
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Qatar 'interested in Eurofighter, Rafale jets'
Qatar is likely to launch an international tender to renew its fleet of ageing fighter jets soon and is interested in France's Rafale, a French official said, while sources said it was also looking at BAE's Eurofighter Typhoon.
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