Sunday 19 May 2013

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TOP FASHION HOUSE TARGET
Qatar Holding, Italy fund eye Versace

Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore newspaper said.

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1

‘NO EYE ON IRAN’
Gulf naval drill highlights mine risk to shipping

A major international naval drill being conducted in the Gulf has highlighted real concerns about the potential risk to global shipping from mines planted at sea, a report said.

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2

HOUSING, UTILITY COSTS FALL
UAE April inflation eases to 0.9pc y/y

The consumer prices in the UAE slowed to 0.9 per cent year-on-year due to a drop in the housing and utility costs compared to the previous month, the data from the National Bureau of Statistics showed.

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3

ANALYSIS
Change looms for Ethiopia's ancient salt trade

For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.

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4

OPINION
EOR 'will anchor oil prices below $100'

Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 power plants, at a price of just $85 per barrel, according to an estimate.

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5

IMAGE OF THE DAY
Merci, Paris

Paris Saint-Germain players throw David Beckham in the air at the end of their team's French Ligue 1 soccer match against Brest at the Parc des Princes stadium in Paris. Ex-England skipper Beckham will retire at the end of the season.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

DWC to build new agent warehouses

Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has unveiled big development plans at its upcoming Logistics District, including the start of the construction on the fourth complex of agent warehouses.

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Retail & Wholesale

D’damas opens new outlet in India

D’damas, a joint venture between leading jewellers Gitanjali Group and Dubai-based Damas, has announced the launch of its 4,000 sq ft store at Lucknow, the capital of north Indian state of Uttar Pradesh.

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Energy, Oil & Gas

European oil price investigation widens

The European Commission investigation into possible oil price manipulation extended beyond three major companies to a smaller niche trading house, while a Finnish refinery said it had been asked for information.

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Finance & Capital Market

Qatar Holding, Italy fund eye Versace

Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore newspaper said.

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Analysis, Interviews, Opinions

Change looms for Ethiopia's ancient salt trade

For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.

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Industry, Logistics & Shipping

Dutch shipyard to build 14 terminal tugs for KOC

Dutch-based Damen Shipyards Group has launched the construction phase of 14 Damen ASD tugs for Kuwait Oil Company (KOC), with deliveries scheduled from 2014 onwards.

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Travel, Tourism & Hospitality

Boeing delivers 777-300 jetliner to Saudia

Boeing has announced the delivery of a 777-300ER (Extended Range) jetliner to Saudia, marking the latest milestone in its longstanding relationship with the Saudi national carrier and the Kingdom.

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IT & Telecommunications

Mobily partners with PCCW Global

Mobily, the second largest telecoms company in Saudi Arabia, said its subsidiary Bayanat Al Oula has signed a co-operation agreement with PCCW Global to enhance its business opportunities.

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Government & Laws

Saudi says hackers sabotage govt websites

Several government websites in Saudi Arabia were sabotaged in a series of heavy cyber attacks from abroad in recent days, disabling them briefly until the attacks were repelled, the government said.

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Motoring

New Jaguar F-TYPE makes UAE debut

UAE-based Al Tayer Motors has launched Jaguar F-TYPE, the new all-Aluminium two-seater convertible sports car from the leading luxury automotive manufacturer Jaguar and Land Rover.

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Health & Environment

Bahrain, Saudi hospitals in transplant tie-up

Bahrain’s Salmaniya Medical Complex (SMC) is tying up with the King Fahad Hospital in Saudi Arabia to create a cross-border transplant programme for patients needing a new kidney, liver or pancreas.

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Media & Promotion

Emirates inks PSG shirt sponsorship deal

Dubai airline Emirates said it has extended its shirt sponsorship deal with French league champions Paris St Germain (PSG) for another five years.

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Education, HR & Training

Oman Air to invest heavily in staff training

Oman Air, the national carrier of the Sultanate, has committed RO2 million ($5.17 million) to staff training in 2013, having already invested more than RO3.3 million over the previous two years.

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