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DEAL LIKELY WORTH $10bn
GCC firms consider Occidental Mena stake bid
Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
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2020 GOAL HARD TO REACH: IDB
Abu Dhabi may need to lower industry growth target
Abu Dhabi probably won't reach its target for industrial growth by 2020 and will need to lower it, a senior government official said on Monday.
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DUBAI PROPERTY STOCKS UP
UAE stocks rally, Abu Dhabi tops 4,000 mark
Abu Dhabi's bourse crossed the 4,000 mark for the first time in five years on Monday, playing catch-up to gains on neighbouring Dubai's market, which extended a rally driven by the recovery in the real estate sector.
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SPOTLIGHT
Gender divide narrowing in gyms, say fitness experts
Women's fitness has come a long way since skinny defined the ideal body and a muscled arm was cause for alarm. Fitness experts say as strong becomes the new sexy the gender divide has narrowed, if not closed.
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SPECIAL REPORT
Mobile to spearhead Internet advertising growth
The global ad market is on a path of recovery, with growth of 5.1 per cent forecast for 2014, followed by 5.8 per cent in 2015, driven by digital innovations, with mobile the fastest-growing segment of Internet advertising, a report said.
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IMAGE OF THE DAY
Drone post
A prototype "parcelcopter" of Deutsche Post DHL flies in front of the company's headquarters in Bonn on December 9. The prototype is a modified microdrone that costs 40,000 euros ($54,900) and can carry packages up to 1.2 kg.
Top Trade News
 | Industry Sectors |
Kaloti breaks ground on Dubai gold refinery
Kaloti Jewellery Group has broken ground on its 15,000 sq m gold and precious metal refinery which will be built at a cost of $60 million in the heart of Dubai's gold and commodity hub.
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Qatar, UAE, Saudi lead retail expansion
Qatar, UAE and Saudi Arabia are leading the way for international retail expansion, according to a recent study.
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GCC firms consider Occidental Mena stake bid
Three state-owned Gulf firms are considering a joint bid for a minority stake in Occidental Petroleum Corp's Middle East and North Africa unit, a deal that could be worth between $8 billion and $10 billion, three banking sources said.
More…
UAE stocks rally, Abu Dhabi tops 4,000 mark
Abu Dhabi's bourse crossed the 4,000 mark for the first time in five years on Monday, playing catch-up to gains on neighbouring Dubai's market, which extended a rally driven by the recovery in the real estate sector.
More…
Mobile to spearhead Internet advertising growth
The global ad market is on a path of recovery, with growth of 5.1 per cent forecast for 2014, followed by 5.8 per cent in 2015, driven by digital innovations, with mobile the fastest-growing segment of Internet advertising, a report said.
More…
Saudi Alkhabeer buys key stake in UAE packaging firm
Jeddah-based Alkhabeer Capital, a leading investment & asset management firm, has acquired a majority stake in Dubai-based packaging products company Express Group.
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Etihad expands India operations
Etihad Airways, the national carrier of the UAE, has commenced major expansion of its Indian operations with flight increases to six cities following the approval of an historic 24 per cent investment in Jet Airways.
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Mideast IT spending to top $32bn in 2014
The Middle East region will be one of the world's fastest growing IT markets with spending on the products and services likely to top $32 billion in 2014 growing at an average 7.3 per cent year on year, according to a report.
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GCC union 'best option to confront threats'
A GCC union is the best and only option in the face of threats confronting Gulf states and its creation has now become all the more a matter of urgency and necessity, said Bahrain's Prime Minister at a major regional summit in Manama.
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Arabian Automobiles inks Infiniti purchase deal
Top luxury services group East Coast Worldwide Limousine has signed an agreement with UAE-based Arabian Automobiles Company for the purchase of a fleet of Infiniti QX60 vehicles.
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ADSW to focus on energy-water nexus
The second edition of Abu Dhabi Sustainability Week (ADSW) will focus on the interconnected challenges and opportunities of sustainable growth, with particular focus on the energy-water nexus and sustainable waste management.
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Sony wins $143m Al Jazeera project
Sony Professional Solutions MEA said it has signed a landmark $143 million project with Al Jazeera Media Network (AJMN) to build a hitech 3G broadcast infrastructure for the Doha-based group.
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Deloitte in Islamic finance deal
The Deloitte Islamic Finance Knowledge Center (IFKC) has signed a co-operation deal with Malaysia-backed Finance Accreditation Agency to provide quality assurance and accreditation in Islamic finance executive education.
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Mideast super-rich's wealth surges to $354bn
The Middle East’s billionaires – with a combined net worth of $354 billion – hold a higher percentage of total wealth than in any other region in the world with Saudi Arabia and the UAE topping the list, said a report.
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