Saturday 31 January 2015

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NEED FOR MORE LOW-END UNITS
Dubai to face housing shortage ahead of Expo 2020

Following a period of stabilisation, the Dubai housing market could experience a supply shortfall in 2020 as the World Expo, a six-month long mega event, approaches, said an expert.

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1

FACEBOOK THREAT DEEPENS
Google Q4 revenue up 15pc despite declining ad rates

Google has reported a revenue of $18.10 billion during the fourth quarter of 2014, compared to $15.71 billion in the year-ago period, marking an increase of 15 per cent, missing Wall Street’s targets on declining online ad prices.

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2

CERAMIC TILES MANUFACTURER
Investcorp to acquire key Spanish company

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.

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3

ANALYSIS
Crisis veteran Naimi stays to hold line on Saudi oil policy

The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share.

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4

SPOTLIGHT
Aviation chiefs seek new safety mandate after deadly 2014

Aviation leaders will try to secure a mandate to implement new safety standards when they meet next week after a string of high-profile accidents around the world made 2014 the deadliest year for commercial airlines in almost a decade.

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5

IMAGE OF THE DAY
Sniper danger

Fighters from a brigade of the Free Syrian Army take cover from snipers behind a tank during what activists said were clashes with forces of Syria's President Bashar al-Assad , in the mountain area of western Idlib on January 30.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai to face housing shortage ahead of Expo 2020

Following a period of stabilisation, the Dubai housing market could experience a supply shortfall in 2020 as the World Expo, a six-month long mega event, approaches, said an expert.

More…
Retail & Wholesale

Bahrain autumn fair sees record shoppers

A record 200,000 shoppers visited the nine-day-long retail extravaganza 'Bahrain Autumn Fair 2015,' thus registering a five per cent growth compared to the visitor numbers last year, said a report.

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Energy, Oil & Gas

Opec output rises in January as members stand firm

Opec's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices.

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Finance & Capital Market

Moroccan bank plans big Islamic finance push

Morocco's Attijariwafa Bank said it plans to build its own Islamic finance business rather than tying up with a foreign partner, as the north African country opens up to Sharia-compliant banking.

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Analysis, Interviews, Opinions

Crisis veteran Naimi stays to hold line on Saudi oil policy

The new Saudi king's decision to keep Ali al-Naimi in his job as oil minister signalled to energy markets that the world's top crude exporter would not flinch from its policy of refusing to cut output as it fiercely guards market share.

More…
Industry, Logistics & Shipping

Gulf Industry Fair to showcase downstream aluminium

The strength of the aluminium downstream sector and ‘value added’ products will be on full display at the Gulf Industry Fair 2015, a leading industrial B2B exhibition in the Northern Gulf region, which opens in Bahrain this week.

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Travel, Tourism & Hospitality
IT & Telecommunications

Google Q4 revenue up 15pc despite declining ad rates

Google has reported a revenue of $18.10 billion during the fourth quarter of 2014, compared to $15.71 billion in the year-ago period, marking an increase of 15 per cent, missing Wall Street’s targets on declining online ad prices.

More…
Lifestyle

Dubai hosts ‘world’s most expensive’ fashion show

Dubai Shopping Festival (DSF) in partnership with Dhamani, recently hosted the “Diamond Fashion Show”, dubbed the most expensive fashion show in the world featuring a display of diamond jewellery worth over $100 million.

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Motoring

BMW fixes security flaw in its in-car software

German luxury carmaker BMW has fixed a security flaw that could have allowed hackers to unlock the doors of up to 2.2 million Rolls-Royce, Mini and BMW vehicles, it said on Friday.

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Health & Environment
Media & Promotion

Helium balloon team sets new distance record

Pilots Troy Bradley of New Mexico and Leonid Tiukhtyaev of Russia have surpassed the world distance and duration records with a flight across the Pacific Ocean in a helium balloon.

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Miscellaneous

Saudi king reshuffles cabinet; veterans stay

Saudi Arabia's new King Salman has ordered a lavish payout to all state employees and reshuffled some top government jobs while keeping in place the oil, foreign, finance, defence and interior ministers.

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