Monday 25 May 2015

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CONTRACTS LIKELY SOON
Egypt approves Arabtec's 'million homes project'

Dubai-based Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt's assistant housing minister Khaled Abbas on Monday a day after media reports stated that the deal had fallen through.

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1

FIRST STAGE OPS BY 2017
Qatar consortium to build $3.2bn power, water plant

A consortium including Qatar Electricity and Water Company and Mitsubishi Corporation will build the biggest integrated power and water plant ever constructed in Qatar at a cost of $3.15 billion, a statement from QEWC said.

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2

MOSQUE SUICIDE BOMBING
Saudi King vows to punish people behind attack

Saudi Arabia's King Salman said on Sunday he was "heartbroken" over a suicide bombing at a Shi'ite mosque in the kingdom that killed 21 people, state news agency SPA reported.

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3

SPECIAL REPORT
Nepalis back at quake epicentre to rebuild stone by stone

Tens of thousands of Nepalis - including many of the more than 2.2 million living abroad - have returned to their villages to rebuild their homes stone by stone, after it was demolished by last month's deadly earthquake.

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4

SPECIAL REPORT
Simulated-driven learning: A new pedagogical approach

Simulations challenge students to analyse information and make critical decisions to solve a business problem enabling them to experiment with ideas and apply these concepts in real-life situations, said an industry expert.

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NEWS IN PICTURES
Honor is here...

The first Honor 6 Plus buyers in Dubai, UAE, received their phones from Chris Sun Baigoing, vice president of online sales, Huawei Consumer Group (above, left), as the phone became available in the region yesterday.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Oman Rail floats key construction tenders

Oman Rail has floated tenders for the construction of an additional 1,207 km of railway infrastructure linking the country’s three maritime gateways at Sohar, Duqm and Salalah with the GCC rail system, said a report.

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Retail & Wholesale

Arcapita sells big US apparel group J.Jill

Bahrain investment firm Arcapita said sold J.Jill Group, a leading US-based multi-channel retailer of women’s apparel, accessories and footwear, to TowerBrook Capital Partners, a leading global investment management firm.

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Energy, Oil & Gas

1,500 professionals discuss energy innovations

More than 1,500 research and industry professionals are taking part in the Abu Dhabi International Research and Development Conference and Exhibition (Adrac), which opened in the UAE capital today (May 24).

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Finance & Capital Market

UAE banks mull centralised Islamic finance board

The United Arab Emirates' bank industry association has discussed a proposal to create a centralised sharia board that would monitor Islamic banking, which could spur the growth of the industry.

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Analysis, Interviews, Opinions

Saudi Arabia rewrites oil game with refining might

Saudi Arabia's rapid transition into one of the world's largest oil refiners has added an extra dimension to the oil exporter's role as the driver of Opec (Organization of the Petroleum Exporting Countries) policy, say experts.

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Industry, Logistics & Shipping

Global Aerospace Summit to discuss future of UAS

International aerospace experts will convene in Abu Dhabi, UAE, at the third Global Aerospace Summit next year to discuss the rapidly changing role of Unmanned Aircraft Systems (UAS), popularly known as drones.

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Travel, Tourism & Hospitality
IT & Telecommunications

Zain Jordan eyes 5pc jump in 2015 revenue

Zain Jordan, the kingdom's biggest mobile telecoms network operator, expects revenue to rise by five per cent this year despite tougher competition and heavy government taxes, the firm's chief executive said.

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Lifestyle

Moresque perfumes launched at Paris Gallery

Paris Gallery, a leading retailer in the region, has launched Moresque, a brand that pays tribute to the legacy of Arabic perfumery, art and culture. The brand’s name take inspiration from the splendour of Moorish civilization.

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Motoring

Rosberg takes Monaco hat-trick after Mercedes gaffe

Germany's Nico Rosberg celebrated a surprise hat-trick of Monaco Grand Prix victories on Sunday after Mercedes blew championship-leading team mate Lewis Hamilton's chances with a needless pitstop.

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Health & Environment
Media & Promotion

Mathematician John Nash killed in car crash

Mathematician John Nash, a Nobel Prize winner whose longtime struggle with mental illness inspired the movie "A Beautiful Mind", was killed in a car crash along with his wife in New Jersey, state police said on Sunday.

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Miscellaneous

GCC food demand to top 49m tonnes by 2017

The population growth, the increase in the number of tourists and the increase in per capita income in the GCC will see food consumption reach 49.1 million metric tons by 2017, according to experts.

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