Friday 29 August 2014

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NEW COMMODITIES FORAY
Morgan Stanley to set up natural gas export plant

Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its oil business.

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1

GDP EXPANDS 4.2pc
US economy rebounds as demand drives growth

The US economy rebounded more strongly than initially thought in the second quarter with more of the growth being driven by domestic demand and less by restocking by businesses.

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2

FIJI, FILIPINO PEACEKEEPERS HELD
Syrian militants capture 43 UN soldiers, 81 trapped

Militants fighting the Syrian army have detained 43 UN peacekeepers in the Israeli-occupied Golan Heights and trapped another 81 in the region, and the world body is working to secure their release, the United Nations said on Thursday.

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3

FOCUS
Tadawul opening to foreign investors ‘a key milestone’

The Saudi Arabian index is the region’s most diverse capital market due to its size and maturity, and has been gearing up to welcome foreign investors for sometime now, said a report.

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4

ANALYSIS
Iraq, Syria pose Saudi dilemma: failed states or Iran proxies

With militant Islamists gaining the upper hand in Syria's rebel movement and grabbing big tracts of Western Iraq, Saudi Arabia faces a dilemma.

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5

IMAGE OF THE DAY
Veiled Jolie

A wax model of actress Angelina Jolie is fitted with a bridal veil by Sydney's Madame Tussauds staffer Zoe Walton, next to a wax model of actor Brad Pitt, in celebration of their recent marriage, August 29. Angelina Jolie and Brad Pitt, Holl

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government.

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Retail & Wholesale

Apple invites media to Sept 9 event; new iPhones likely

Apple has invited media to a "special event" in its hometown of Cupertino, California, on September 9, when the iPhone maker is expected to unveil the latest versions of its best-selling smartphones.

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Energy, Oil & Gas

Morgan Stanley to set up natural gas export plant

Morgan Stanley has quietly filed plans to build and run one of the first US compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its oil business.

More…
Finance & Capital Market

Tadawul opening to foreign investors ‘a key milestone’

The Saudi Arabian index is the region’s most diverse capital market due to its size and maturity, and has been gearing up to welcome foreign investors for sometime now, said a report.

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Industry, Logistics & Shipping

Doha’s New Port to be operational by 2016

The first phase of the QR27 billion ($7.4 billion) worth New Port Project is set to be operational by the end of 2016 with the initial capacity to accommodate two million containers, said a report.

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Travel, Tourism & Hospitality

Malaysia Airlines to cut 6,000 jobs, $1.9bn restructure

Malaysia Airlines , the country's loss-making flag carrier, will cut 30 per cent of its workforce as part of a sweeping restructuring that will cost six billion ringgit ($1.9 billion), majority investor Khazanah Nasional said.

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IT & Telecommunications
Government & Laws

Two-day weekend proposal stays: Saudi ministry

The Saudi Labor Ministry has clarified that it has no plans to withdraw a proposal for 40-hour work week and two-day weekend system in the private sector, a report said.

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Motoring
Health & Environment

West Africa Ebola outbreak 'could infect 20,000 people'

The Ebola epidemic in West Africa could infect more than 20,000 people, the UN health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.

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Media & Promotion

400 exhibitors to showcase at Dubai signage show

More than 400 exhibitors from across 30 countries and more than 10,000 trade visitors are set to take part in a top signage show in Dubai in January next year.

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Education, HR & Training

ICDL to crackdown on fake certificate racket

ICDL Arabia has warned that it will take tough and immediate legal actions against all those who illegally produce, sell and grant fake ICDL certificates.

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