Saturday 28 March 2015

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MOROCCO TO JOIN COALITION
Houthi rebels advance despite Saudi-led air strikes

Yemen's Houthi rebels made broad gains in the country's south and east on Friday despite a second day of Saudi-led air strikes meant to check the Iranian-backed militia's efforts to overthrow President Abd-Rabbu Mansour Hadi.

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1

END TO 12-ROW IN SIGHT
Iran, powers close in on nuclear deal

Iran and major powers are close to agreement on a two- or three-page accord with specific numbers that would form the basis of a long-term settlement aimed at ending a 12-year standoff over Tehran's nuclear ambitions, officials said.

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2

AROUND OIL FACILITIES
Saudi, Kuwait to strengthen security after Yemen strikes

Top oil exporter Saudi Arabia and Gulf Opec ally Kuwait will beef up security around their oil facilities, they said, after they and other Arab allies began a military operation in Yemen.

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3

SPOTLIGHT
Testing of software adds to urgency in race for driverless cars

In the race to build a self-driving car, German automakers are hitting a road block in their efforts to test vehicles so complex they need more than 10 times the amount of software found in a fighter jet.

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4

ANALYSIS
Gulf economies can cope with escalating Yemen conflict

Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease.

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5

IMAGE OF THE DAY
Battling a fire

Firefighters battle a fire at the site of a residential apartment building collapse and fire in New York City's East Village neighborhood. Four apartment buildings caught fire from an apparent gas explosion, authorities said.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dewa signs agreements for 200MW solar plant

Dubai Electricity and Water Authority (Dewa) has signed a power purchase agreement (PPA) and a shareholder agreement for the 200 MW-capacity second phase of the Mohammed bin Rashid Al Maktoum Solar Park, said a report.

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Retail & Wholesale

Red Sea Mall expansion cost to top $53m

The estimated value of expansion works taking place in Red Sea Mall, a leading shopping and leisure destination in Jeddah, is set to reach SR200 million ($53.3 million), said its executive chairman.

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Energy, Oil & Gas

Oil falls more than $1 as Mideast supply fears ease

Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.

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Finance & Capital Market

‘UniCredit bonds not an exit from bank investment’: Aabar

Abu Dhabi fund Aabar Investments said its sale of €2 billion ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances.

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Analysis, Interviews, Opinions

Gulf economies can cope with escalating Yemen conflict

Economies and markets in the wealthy Gulf oil exporters barely blinked when Islamist militants overran parts of neighbouring Iraq last year, and they look likely to ride out escalating conflict in Yemen with similar ease.

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Industry, Logistics & Shipping

Demand for HVAC equipment to reach $20.4bn

The demand for heating, ventilating, and air conditioning equipment in the US is forecast to increase 6.8 per cent annually through 2019 to $20.4 billion, recording gains over twice the rate of the 2009-2014 period, according to a study.

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Travel, Tourism & Hospitality

Saudi resumes flights at southern airports in Yemen

Saudi Arabia said on Friday it had gradually resumed flights at its southern airports one day after suspending all traffic as it launched air strikes against Houthi fighters in Yemen.

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IT & Telecommunications

Huawei 'is banking on 4.5G business blueprint'

Chinese technology major Huawei has a 4.5G ‘business blueprint’ supporting Bahraini telecom operators in extending high-speed connectivity to the public, the company's top official has said.

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Lifestyle

McLaren to launch sports coupe at New York show

McLaren will unveil the first model to be launched in its Sports Series family, called the 570S Coupé in less than a week when it debuts at the 115th New York International Auto Show.

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Motoring

Ford to triple exports from India with $1bn plant

Ford Motor Company plans to triple exports from India with a $1 billion plant that will be one of its most heavily automated in Asia, offsetting slower sales inside the country with a push to sell more local production abroad.

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Health & Environment

Dubai launches second phase of healthcare city

Dubai has announced the launch of the second phase of healthcare city to be developed on a sprawling 22 million sq ft area at a cost of Dh3 billion to Dh5 billion ($816 million to $1.36 billion), said a report.

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Media & Promotion

Facebook brings apps, businesses to Messenger service

Facebook on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach.

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Miscellaneous

Arab ministers to form unified military force

Arab foreign ministers meeting in Egypt agreed a draft resolution yesterday (March 26) to form a unified military force, in a move aimed at countering growing regional security threats.

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