Thursday 11 February 2016

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SAUDI KING TO VISIT MOSCOW
Russia proposes Syria truce in March

World powers pressed Russia to stop bombing around Aleppo in support of a Syrian government offensive to recapture the city and a Western official said Moscow had presented a proposal envisaging a truce in three weeks' time.

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1

MAJOR CABINET RESHUFFLE
New ministers for happiness, tolerance in UAE

In sweeping UAE cabinet changes, His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has announced ministers for happiness, tolerance and climate change.

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2

DEAL TO CUT COSTS
Top Saudi mobile operators plan tower company

Saudi Arabia's three telecom operators are in talks to create a company to own and manage their mobile transmitter towers in a move that could cut costs and lower tariffs in the kingdom, a Saudi financial news website has reported.

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3

SPECIAL REPORT
Shock slump across European industry bodes ill for 2016

Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum.

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4

ANALYSIS
What if oil stays below $50 until 2020?

What if oil prices remain stuck in a $25 to $50 per barrel range for the next 5 years? What will the world economy look like in 2020? How do different asset classes perform? Bank of America Merrill Lynch explores the scenario.

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5

NEWS IN PICTURES
Blast horror

Damaged cars are seen at a site of bombing in Damascus, Syria on February 9. At least eight policemen were killed in an explosion that rocked the parking lot of the Syrian police officers' club.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Delivery of 18,000 Dubai flats unlikely this year

The delivery of over 18,000 residential units in Dubai, UAE, will not happen this year as originally anticipated due to a number of issues including financing disputes and delays over licensing or approval, said a report.

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Retail & Wholesale

UAE's food firm Agthia eyes $1bn revenue by 2020

Abu Dhabi-listed food and drinks firm Agthia Group is aiming to double revenues by 2020 through organic growth and acquisitions, its chief executive said on Wednesday.

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Energy, Oil & Gas

Kuwait to raise crude output, sign export deals

Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying.

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Finance & Capital Market

Investcorp posts 12pc rise in net income

Investcorp, a global provider and manager of alternative investment products, posted an increase of 12 per cent in net income to $50.9 million for the fist six months of its fiscal year (H1 FY16) ending December 31.

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Analysis, Interviews, Opinions

Millennials shifting car ownership trends

When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at 20-somethings, it could not have guessed that the model would be dead after just 12 years.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality
IT & Telecommunications

Cloud, managed IT services 'seeing big growth'

Faced with mounting costs and an increasingly complex IT environment to manage, organizations are more than ever looking at managed IT Services and cloud as an alternative to in-house IT infrastructure management, an industry expert said.

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Lifestyle

$1bn luxury project coming up at Shakespeare theatre site

UK residential developer Galliard Homes has joined hands with top developers Cain Hoy and McCourt and Chinese real estate group Vanke to launch a £750-million ($1.07 billion) mixed-use project - The Stage in Shoreditch, UK.

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Motoring

Google computers can qualify as drivers says US

US vehicle safety regulators have said the artificial intelligence system piloting a self-driving Google car could be considered the driver under federal law, a major step toward winning approval for autonomous vehicles on the roads.

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Media & Promotion

Future of Mena TV viewing in focus at Cabsat

Influential decision-makers from major studios, production houses and on-demand providers will discuss the future of TV viewing across the Middle East and North Africa (Mena) region at Cabsat 2016.

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Miscellaneous

Saudi ready to send forces to Syria if coalition decides

Saudi Arabia would be willing to commit special forces to Syria should the international coalition decide to deploy ground troops against Islamic State, the country's foreign minister said on Wednesday.

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