0
ACQUISITION AT $58 PER SHARE
Alaska Air in deal to buy Virgin America for $2bn
Alaska Air Group is nearing a deal to acquire Virgin America, the ninth-largest US airline by passenger traffic, for more than $2 billion, having outbid JetBlue Airways Corp, sources said.
1
MIDDLE EAST R&D HUB
Masdar City set for significant expansion till 2021
UAE-based Masdar City, one of the world’s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for research and development (R&D) and clean technologies.
2
SYSTEMS INSTALLATION BY YEAR-END
Qatar completes key metro line tunneling work
Qatar Rail has announced the successful completion of the tunneling work on the Green Line of the Doha Metro with the breakthrough of tunnel boring machine at Education City, the last underground station on the network, said a report.
3
ANALYSIS
Starwood retreat setback for China's M&A campaign
Anbang Insurance Group's unexpected withdrawal this week of its $14 billion offer to buy Starwood Hotels & Resorts Worldwide is a wider blow to the unprecedented drive by Chinese companies to acquire North American and European assets.
4
MONEY MATTERS
ME funds positive on bonds, lukewarm on stocks
Middle East fund managers have turned bullish towards fixed income and less positive on equities as they prepare for an economic slowdown in the Gulf this year, according to a recent survey.
5
IMAGE OF THE DAY
Hamilton wins Bahrain F1 pole
Triple F1 world champion Lewis Hamilton of Mercedes AMG GP flanked by team mate Nico Rosberg (left) and Germany's Sebastian Vettel of Scuderia Ferrari celebrates after the qualifying session of the Bahrain F1 Grand Prix on April 2.-epa
Top Trade News
 | Industry Sectors |
Emaar unit wins Dubai district cooling contract
Leading property developer Emaar said one of its subsidiaries has been awarded a major district cooling services contract by UAE-based group Nshama for its upcoming stylish, green neighbourhood - Town Square in Dubai.
More…
Foxconn seals $3.5bn Sharp takeover deal
Foxconn and Sharp Corp have signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as officials sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes.
More…
Schlumberger completes merger with Cameron
Schlumberger, a leading supplier of technology and integrated project management solutions, has closed its merger with US-based Cameron International, a key provider of pressure control, processing, flow control and compression systems.
More…
ME funds upbeat on bonds, lukewarm to stocks
Middle East fund managers have turned bullish towards fixed income and less positive on equities as they prepare for an economic slowdown in the Gulf this year, according to a recent survey.
More…
Starwood retreat setback for China's M&A campaign
Anbang Insurance Group's unexpected withdrawal this week of its $14 billion offer to buy Starwood Hotels & Resorts Worldwide is a wider blow to the unprecedented drive by Chinese companies to acquire North American and European assets.
More…
Oman Air, SATS to set up cargo handling JV
National carrier Oman Air has signed an agreement with SATS, a leading provider of gateway services and food solutions in Asia, to set up a cargo handling venture at Muscat International Airport.
More…
Brussels airport restart delayed over security row
Brussels main airport is likely to reopen on Sunday after police and the government resolved a dispute over security following the March 22 bomb attacks, agreeing that all passengers would be screened on arrival.
More…
Etisalat JV in intelligent building innovation move
Smartworld, a joint venture between UAE telco giant Etisalat and Dubai South (the rebranded Dubai World Central) has deployed a key digital ceiling framework from Cisco to create a showcase for intelligent building innovation in Dubai.
More…
Citizen unveils thinnest Eco-Drive One watch
Citizen has unveiled its latest flagship model, Eco-Drive One, the thinnest light-powered analog quartz watch with a 2.98mm case and 1.00mm movement.
More…
Hamilton beats Rosberg to Bahrain pole position
Triple Formula One world champion Lewis Hamilton smashed the Bahrain circuit lap record on Saturday to take pole position ahead of Mercedes team mate Nico Rosberg for Sunday's grand prix.
More…
MenaITech partners with Jordan air ambulance unit
MenaITech, a Jordanian company specialised in the development and provisioning of human capital information systems, said it has signed a partnership and sponsorship agreement with the Jordan Air Ambulance Centre (JAAC).
More…
Time Inc mulls partnership for Yahoo bid
Time Inc is considering partnering with a private equity firm on a bid for Yahoo Inc's core Internet assets, sources said, as the US publishing company seeks to boost its digital presence.
More…
Students urged to be entrepreneurs
Entrepreneurship is the key to bringing change, increasing economic value, generating jobs and creating connections and opportunities, according to an expert.
More…
GCC 'ready to confront Iran over foreign policy'
Bahrain's foreign minister said that Gulf Arab states were prepared to confront Iran over its foreign policy and Tehran should drop its support for Middle East factions.
More…
