Sunday 7 February 2016

0

‘UN SANCTIONS DEFIED’
N Korea launches long-range rocket ‘carrying satellite’

North Korea launched a long-range rocket on Sunday carrying what it has called a satellite, but its neighbours and Washington denounced the launch as a missile test, conducted in defiance of UN sanctions.

more…

1

AIR RAIDS TARGET REBEL BASES
Syrians flee to Turkish border as Aleppo assault intensifies

Russian and Syrian government forces gained ground north of Aleppo on Saturday, intensifying an assault on rebel-held areas that has prompted tens of thousands more Syrians to seek refuge across the border in Turkey.

more…

2

NEW CARGO YARD PLANNED
Saudi Arabia to fast-track causeway, rail line work

Saudi Arabia is to fast-track a second causeway with Bahrain and a planned rail link that will have see diesel-powered trains running at a maximum speed of 220km per hour on the sector, said a report

more…

3

SPOTLIGHT
Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.

more…

4

ANALYSIS
Airline battle brews in Gulf as Iran eyes regional hub role

An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers.

more…

5

IMAGE OF THE DAY
'Rebel' Madonna in Taiwan

US singer Madonna peforming at a concert in the Taipei Arena in Taipei, Taiwan, on February 6. Taipei is the first stop of the Australia-Southeast Asia leg of Madonna's 'Rebel Heart' tour.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Firms losing millions due to poor project management

Organisations across the globe waste an average of $122 million for every $1 billion spent on projects linked to energy, construction, manufacturing and telecom sectors as a result of poor project management practices, said a report.

More…
Retail & Wholesale

Pavers England plans $50m GCC expansion

Pavers England, an established heritage brand shoe store and a joint venture between UK based Pavers and Foresight Group, is set to open two stores in the UAE, with plans to further expand into the wider GCC market.

More…
Energy, Oil & Gas

Iran's crude oil sales to Europe hits new high

Iranian Oil Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to Europe after the lifting of international sanctions on Tehran had already reached above 300,000 barrels, according to the ministry's news agency.

More…
Finance & Capital Market

Mashreq posts $653m net profit in 2015

Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year

More…
Analysis, Interviews, Opinions

Wars, cheap oil hurting Middle East growth

The World Bank said that 2015 economic growth in the Middle East and North Africa likely came to just 2.6 per cent, falling short of a 2.8 per cent forecast in October as war, terrorism and cheap oil took their toll.

More…
Industry, Logistics & Shipping

CPL to break ground on Dubai warehouse facility

UAE-based Centre Point Logistics (CPL) is set to break ground on its 22,550-sq-m hitech temperature-controlled warehouse in Dubai as part of its strategy to boost its presence in the region.

More…
Travel, Tourism & Hospitality

Jet Airways posts third straight profitable quarter

Jet Airways, India's second-biggest carrier by market share after privately-held IndiGo, has registered its third consecutive profitable quarter in 2015. It is 24 per cent owned by UAE national airline Etihad Airways.

More…
IT & Telecommunications

BlackBerry cuts 200 jobs to trim costs

BlackBerry is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business.

More…
Lifestyle

Diyar Al Muharraq to launch seafront unit sales

Diyar Al Muharraq, one of the leading urban developers in Bahrain, is set to launch the sales of the second phase of its seafront development Al Bareh on Saturday (February 6).

More…
Motoring

Over 1m vehicles plying on Abu Dhabi roads

The number of vehicles plying on the roads of Abu Dhabi has risen to 1.016 million during the past year with the light vehicles numbering 908,000 topping the list, said a report.

More…
Health & Environment

3,000 pregnant women hit by Zika virus in Colombia

More than 3,100 pregnant Colombian women are infected with the mosquito-borne Zika virus, President Juan Manuel Santos said on Saturday, as the disease continues its rapid spread across the Americas.

More…
Media & Promotion

Mitchell, sixth man to walk on moon, dies at 85

Astronaut Edgar Mitchell, the sixth man to walk on the moon as module pilot on the record-setting Apollo 14 mission in 1971, has died at the age of 85, the US space agency said.

More…
Education, HR & Training

GESS Dubai ushers in space age for schools

GESS Dubai 2016, the region’s premier education exhibition and conference, is hosting an exciting interactive astronomy showcase next month with several new features including gamification app to help make learning more fun and engaging.

More…
Miscellaneous

17 killed in hotel fire at Iraqi Kurdistan

A fire at a hotel in the capital of Iraq's Kurdistan region killed 17 people on Friday, the governor of Erbil told a local media network, and the hotel manager said they included foreigners.

More…
Live rates widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events

Ads

DHgate.com