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PAYOUT MAY TOP $18bn
Lavish grants from Saudi king to buoy economy, markets
A lavish payout to public employees ordered by Saudi Arabia's new King Salman will help to sustain the kingdom's consumer boom and reassure financial markets that the government is not slashing expenditure in the face of low oil prices.
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OVER 1000 HALAL BRANDS
Dubai gears up Mideast region's biggest food show
More than 1,000 international specialist Halal food brands and companies will showcase their products – from energy drinks and vegetarian foods to meat, poultry and canned goods - at the upcoming Gulfood 2015 expo in Dubai, UAE.
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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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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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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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IMAGE OF THE DAY
Wild turkey chase
Children run from a turkey owned by Mohamed Badr al-Din that guards his collection of vintage cars from passersby, in the al-Shaar neighborhood of Aleppo on January 31.
Top Trade News
 | Industry Sectors |
Gemini breaks ground on key facility in Abu Dhabi
Gemini Building Materials, a leading importer and trader of building materials in the UAE, has broken ground on its new manufacturing facility at Khalifa Industrial Zone in Abu Dhabi.
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Dubai shopping fest set for grand finale
The 20th edition of Dubai Shopping Festival (DSF) is gearing up for its grand finale after offering 32 days of unique shopping experiences to the residents and visitors from around the world through ‘Journey of Celebrations’.
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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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Emirates Islamic unveils next generation ATMs
Emirates Islamic, a leading Islamic financial institution in the UAE, has unveiled its next generation automated teller machine, equipped with a touch-screen interface and a whole new customer experience.
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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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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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Etihad names first female airport manager
Etihad Airways, the national airline of the United Arab Emirates (UAE), has appointed the first Emirati female airport manager in Nagoya, Japan.
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Zain Bahrain posts $10.9m net profit in 2014
Zain Bahrain generated revenues of BD71.8 million ($190.5 million) in 2014, a decrease of 8.1 per cent on the previous year's BD78.1 million ($207.1 million), a report said.
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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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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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Philips introduces digital pathology solution in Middle East
Philips, a leading multinational technology company, has announced that the Philips Digital Pathology Solution is available for diagnostic use in the Middle East.
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KHP named F1 Paddock Club distributor
KHP Consulting has announced it is an officially authorised Formula One Paddock Club global distributor for the year.
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Strong salary growth predicted in Bahrain
Strong increases in salaries and headcount growth can be expected in Bahrain over the coming few years, according to a new survey.
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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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