Monday 1 September 2014

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740,000T COMMERCIAL OUTPUT
Ma'aden, Alcoa start ops at $10.8bn aluminium plant

Saudi Arabian Mining Company (Ma'aden) said on Monday its $10.8 billion joint aluminium smelter with US-based Alcoa has started commercial operations.

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1

DEAL WITH SEVENS HOLDING
Kerzner to open One&Only resort in Bahrain

Kerzner International Holdings, a leading international developer and operator of destination resorts and luxury hotels, has entered into an agreement with Sevens Holding to develop and operate a new One&Only resort in Seef, Bahrain.

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2

MENA OPERATIONS STRONGER
Gulf Air cuts losses by 30pc on higher revenue

Bahrain’s national airline Gulf Air has cut year-on-year losses by nearly a third and increased overall revenue by 10 per cent in the first half this year, the airline said.

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3

ANALYSIS
Saudi economy positioned for a cyclical rebound

Saudi Arabia’s economy will start gathering pace from the second half of the year, as the non-oil economy adjusts to the labour market initiatives and base effects turn favourable in 2015, a report said.

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4

SPECIAL REPORT
GCC ports serving range of strategic interests

The Gulf’s oil bonanza and resulting economic windfall has in recent years placed unprecedented burden on the region’s transport infrastructure, impacting its ability to trade efficiently with the outside world, reports Simon Hallett.

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5

IMAGE OF THE DAY
Rooftop track

Students exercise on a track on the rooftop of a campus building, at a primary school in Tiantai county, China on September 1. The school built this 200-metre track on top of a four-storey building due to insufficient space of the campus.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Construction launched on The Edge at DIC

Sweid & Sweid Development, a Dubai-based boutique real estate firm, has commenced work on a new commercial building in the heart of Dubai Internet City (DIC) in Dubai, UAE.

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Retail & Wholesale

Nakheel opens first community retail centre in Dubai

Nakheel, a leading Dubai-based developer, has officially opened Jumeirah Park Pavilion, the first of five community retail malls under way at Nakheel developments across Dubai, UAE.

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Energy, Oil & Gas

Disputed Kurdish oil tanker reappears off Texas coast

A tanker carrying disputed Iraqi Kurdish crude oil reappeared on satellite tracking near Texas, days after having gone silent with a $100 million cargo, but the latest vessel data showed it had not offloaded at sea.

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Finance & Capital Market

GCC sukuk industry shows massive growth potential

The Sukuk industry in the Gulf Co-operation Council (GCC) region is set to be one of the fastest growing segments of the Islamic finance industry with huge growth potential, particularly in Dubai, UAE, said a report.

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Analysis, Interviews, Opinions

GCC ports serving range of strategic interests

The Gulf’s oil bonanza and resulting economic windfall has in recent years placed unprecedented burden on the region’s transport infrastructure, impacting its ability to trade efficiently with the outside world, reports Simon Hallett.

More…
Industry, Logistics & Shipping

Ma'aden, Alcoa start ops at $10.8bn aluminium plant

Saudi Arabian Mining Company (Ma'aden) said on Monday its $10.8 billion joint aluminium smelter with US-based Alcoa has started commercial operations.

More…
Travel, Tourism & Hospitality

Kerzner to open One&Only resort in Bahrain

Kerzner International Holdings, a leading international developer and operator of destination resorts and luxury hotels, has entered into an agreement with Sevens Holding to develop and operate a new One&Only resort in Seef, Bahrain.

More…
IT & Telecommunications

EMEA server shipments, revenue up in Q2

Server shipments in EMEA grew for the first time in 11 quarters, by 0.8 per cent during the second quarter of 2014, while server revenue also grew after 10 previous quarters of consecutive revenue declines, a report said.

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Government & Laws

GCC internal state security in focus at Qatar expo

The specific needs and requirements of internal state security markets within the Gulf Co-operation Council (GCC) will be addressed at a top conference in Qatar in October.

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Motoring
Health & Environment
Media & Promotion

Sharjah Expo Centre lines up key events

Expo Centre Sharjah, a premier exhibition organiser and events venue in the region, is gearing up for a busy second half of the year, starting with the 37th ‘MidEast Watch & Jewellery Show’ next month.

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Education, HR & Training

Saudi teachers train at Huawei

Huawei and the Technical and Vocation Training Corporation (TVTC) have celebrated the conclusion of an international knowledge-transfer programme held for 20 teachers from TVTC.

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Miscellaneous

Starbucks ‘Branded Solutions’ comes to Mena

Starbucks, a premier coffee roaster and retailer, has announced the regional launch of its ‘Branded Solutions’ programme, where businesses can team-up with the global coffee company to bring its coffee to the workplace.

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