Sunday 19 April 2015

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PLAN TO MEET 10-YEAR DEMAND
Sabic signs deal to use US shale gas at British plant

Saudi Basic Industries Corp (Sabic) has signed a deal to use shale gas from the US at its Teesside petrochemical plant in Britain, acting chief executive Yousef Abdullah Al-Benyan told Reuters on Sunday.

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IPO RULES TIGHTENED
UAE issues rules to protect minority shareholders

The United Arab Emirates Securities and Commodities Authority has issued new rules to protect minority shareholders, including regulations covering halts to trading in companies' shares, it said on Sunday.

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2

TOP HOMES IN ABU DHABI
Mubadala to launch luxury residential units

UAE-based Mubadala Real Estate & Infrastructure said it is set to develop more than 140 apartments - one-, two- and three-bedroom units - in the heart of capital Abu Dhabi that will offer five-star luxury living.

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3

FOCUS
Foreigners queue for opening of $500bn Saudi bourse

As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia's.

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4

SPOTLIGHT
Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

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5

NEWS IN PICTURES
Auto Audi

Germany's Federal Minister of Transport and Digital Infrastructure Alexander Dobrindt test drove under realistic conditions an Audi A7 piloted driving concept vehicle. The car drives autonomously – including lane changes and passing.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

GCC construction boom drives softwood demand

Demand for timber and timber products is expected to witness unprecedented growth in the GCC region on account of the booming construction sector, according to a report by Ventures Middle East.

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Retail & Wholesale

Panasonic launches ultra-compact camera

Panasonic Marketing Middle East and Africa (PMMAF) has launched a unique wearable camera which is ultra-compact and enables shooting hands-free even over long periods while also recording in HD.

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Energy, Oil & Gas

Sabic signs deal to use US shale gas at British plant

Saudi Basic Industries Corp (Sabic) has signed a deal to use shale gas from the US at its Teesside petrochemical plant in Britain, acting chief executive Yousef Abdullah Al-Benyan told Reuters on Sunday.

More…
Finance & Capital Market

UAE issues rules to protect minority shareholders

The United Arab Emirates Securities and Commodities Authority has issued new rules to protect minority shareholders, including regulations covering halts to trading in companies' shares, it said on Sunday.

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Analysis, Interviews, Opinions

Foreigners queue for opening of $500bn Saudi bourse

As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia's.

More…
Industry, Logistics & Shipping

Sabic Q1 revenues down 28pc to $9.48bn

Revenues at Saudi Basic Industries Corp (Sabic) plunged 28 per cent from a year earlier to SR35.56 billion ($9.48 billion), and dropped 18 per cent from the previous quarter, acting chief executive Yousef Abdullah Al-Benyan said on Sunday.

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IT & Telecommunications

Etisalat Q1 profit rises 7.6pc

Abu Dhabi-listed Etisalat reported a 7.6 per cent rise in first-quarter profit on Sunday, with its acquisition of a majority stake in Maroc Telecom having helped to lift revenue by nearly a third and its subscriber base by a fifth.

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Lifestyle

BMW Middle East Q1 sales up 11pc

BMW Group Middle East said its sales rose 11 per cent in the first quarter of 2015 compared to the same period last year, with a total of 8,302 BMW and MINI vehicles delivered to customers in 12 Middle East markets.

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Motoring

Thousands throng Bahrain F1 circuit

Tens of thousands of spectators flocked to Bahrain International Circuit (BIC) yesterday to soak up the Formula One atmosphere ahead of today's (April 19) big race, a report said.

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Health & Environment

Aldar to open top healthcare unit in Al Reem

Abu Dhabi-based Aldar Properties, a leading real estate firm, is set to bring world-class healthcare facilities to Al Reem Island in the UAE emirate with a 100,000-sq-ft day care centre.

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Media & Promotion

Dubai art gallery to host calligraphy show

ARTSPACE Gallery, one of the art world's leading platforms for contemporary Middle Eastern art in Dubai, UAE will host an exhibition showcasing the works of renowned calligraphy artist Mouneer al Shaarani.

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Education, HR & Training

MBS Dubai programme to research GCC innovation

The Manchester Business School Middle East Centre (MBS) in Dubai, UAE has launched a research programme into the drivers and barriers to creativity and innovation in the GCC.

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Miscellaneous

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