Tuesday 31 March 2015

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KEY POLICY SHIFT
Saudi to use infrastructure projects for FDI boost

Saudi Arabia will use multi-billion dollar infrastructure projects to attract foreign investment in sectors such as transport, healthcare and industrial equipment, a senior economic official said.

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1

SUMMER EVENT ‘VIABLE’
Qatar 2022 World Cup ‘may not need cooling systems’

A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament, said an executive from the Gulf state's 2022 organising committee.

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2

‘TOUGH ISSUES REMAIN’
Iran nuclear talks gather pace as deadline looms

Iran and six world powers ramped up the pace of negotiations on Tuesday ahead of a deadline for a preliminary nuclear deal that was less than 24 hours away, as both sides warned it was crucial to overcome differences.

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3

TECHNOLOGY
Bionic ants could be tomorrow's factory workers

Robotic ants the size of a human hand that work together to achieve a common aim could be the future of factory production systems.

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4

INSIGHT
A plan to beat the superbug

With painstaking effort, a group of Chicago hospitals has managed to cut by half the number of infections caused by an especially deadly type of superbug. Now US health officials want that kind of campaign to go national.

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5

IMAGE OF THE DAY
Foal Eagle

Amphibious assault vehicles of the South Korean Marine Corps throw smoke bombs during a US-South Korea joint landing operation drill in Pohang on March 30. The drill is part of the two countries' annual military training called Foal Eagle.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Overseas buyers, expats driving Damac sales

Dubai developer Damac Properties posted strong property sales of Dh2.8 billion ($762 million) in the first quarter thanks to robust demand from foreign buyers, its managing director said.

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Retail & Wholesale

Vista unveils new 27-inch display monitor with camera

Vista, a UK-based premier brand of CCTV equipment, has unveiled a new 27-inch version to include an in-built 1000TVL WDR camera, to complement their existing range of public display monitors.

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Energy, Oil & Gas

Too early to say when Libya oil ports can reopen

It is too early to say when Libyan oil ports Es Sider and Ras Lanuf can reopen after a force loyal to a self-declared Tripoli government pulled out troops from frontlines near to the terminals, an oil official said.

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Finance & Capital Market

UAE to allow 100pc foreign ownership of firms

The United Arab Emirates is at an advanced stage of drafting a foreign investment law to allow 100 per cent foreign ownership of businesses in some sectors, the country's economy minister said at a conference on Monday.

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Analysis, Interviews, Opinions

Oil prices to stabilise in H2 as demand rises

Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a report said.

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Industry, Logistics & Shipping

FourWinds unit to set up major steel foundry in Abu Dhabi

Abu Dhabi Ports has signed a Musataha agreement with Advanced Manufacturing Solutions (AMS), a subsidiary of the FourWinds Group of Companies, to build a state-of-the-art steel foundry at the Khalifa Port’s Industrial Zone (Kizad).

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IT & Telecommunications

Bentley launches process safety, risk management software

Bentley Systems, a leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, has launched its AssetWise APM V7.3, an enhanced version of the firm’s asset performance management offering.

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Lifestyle

Rasasi Perfumes to expand in luxury segment

Rasasi Perfumes, one of the leading perfume brands in the Middle East, plans to further consolidate its presence in the luxury perfume segment in wake of a robust demand for more premium perfumes across the region.

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Health & Environment

Global researchers for Qatar medical congress

International researchers and leading medical companies to the region will introduce their latest medical discoveries to improve the healthcare sector at an upcoming medical congress in Doha, Qatar.

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Media & Promotion

Dubai Expo 2020 plans highlighted in new OBG report

Dubai’s preparations for the 2020 Expo and its recovery from the global financial crisis of the late 2000s are among the highlights in a new report released by publishing, research and consultancy firm Oxford Business Group (OBG).

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Education, HR & Training

QRAEE, Arab Open University sign education MoU

The Association of Queen Rania Al Abdullah Award for Excellence in Education (QRAEE) in Jordan has signed a memorandum of understanding (MoU) with the Arab Open University to further foster cooperation in the field of education.

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Miscellaneous

Iran nuclear talks gather pace as deadline looms

Iran and six world powers ramped up the pace of negotiations on Tuesday ahead of a deadline for a preliminary nuclear deal that was less than 24 hours away, as both sides warned it was crucial to overcome differences.

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