Thursday 5 May 2016

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272m ACCOUNTS HIT
Big data breaches found at major email services

Hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters.

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1

$20bn REVENUE SEEN
Saudi Arabia, Sudan to explore for Red Sea minerals

Sudan and Saudi Arabia have agreed to start exploring for mineral resources, including silver and gold, in the Red Sea by 2020, Sudanese Minister of Minerals Ahmed Sadiq Al-Karouri said on Wednesday.

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2

VISA FREE TRAVEL PLAN
Turkey on verge of completing process for EU visa deal

Turkey is on the verge of completing the necessary work to secure visa-free travel for Turkish citizens to the European Union, Foreign Minister Mevlut Cavusoglu said on Wednesday after parliament passed new legislation overnight.

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3

INSIGHT
Saudi prince makes bold moves towards reforms

Whether the 31-year-old Saudi Deputy Crown Prince Mohammed bin Salman will achieve his goal of modernising the kingdom's economy is the subject of animated debate on social media, in office buildings and at coffee shops in the kingdom.

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4

Libya's east tests muscle with oil shipment

By defiantly attempting to export their own oil and dispatching troops towards the centre of the country, Libya's eastern factions may be gambling on force as they bid for a larger stake under a UN-backed unity government.

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5

NEWS IN PICTURES
Gumball rally

Former Formula One drivers David Coulthard (L) of Britain and Jean Alesi (R) of France pose during a stop of the Gumball 3000 rally in Rust, Germany on May 3. The celebrity motor rally on public roads ends in Bucharest, Romania on May 6.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

ACC wins Downtown Dubai tower contract

UAE-based Arabian Construction Company (ACC) said it has won a major contract to build Boulevard Point, a prestigious 63-storey residential tower in Downtown Dubai.

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Retail & Wholesale

Meraas to open Italian-style upscale mall in Q3

Meraas, a Dubai-based holding company, is set to open The Outlet Village - an upscale shopping destination with a gross leasable area of 25,000 sq m designed along the lines of a hilltop town in Italy - in the third quarter of 2016.

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Energy, Oil & Gas

Dana Gas Q1 net profit halves to $6m

Abu Dhabi-listed energy firm Dana Gas reported a 50 per cent drop in first-quarter profit on Wednesday that it blamed on lower hydrocarbon prices and reduced output in Egypt and Kurdistan.

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Analysis, Interviews, Opinions

Saudi prince makes bold moves towards reforms

Whether the 31-year-old Saudi Deputy Crown Prince Mohammed bin Salman will achieve his goal of modernising the kingdom's economy is the subject of animated debate on social media, in office buildings and at coffee shops in the kingdom.

More…
Industry, Logistics & Shipping

BASF opens new office in Abu Dhabi

BASF, a leading chemical company, has inaugurated its new branch office in Abu Dhabi, UAE, while extending its cooperation with the Kanoo Group, one of the largest independent, family-owned companies in the Gulf region.

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Travel, Tourism & Hospitality

Jeddah set to host Food, Hotel and Hospitality Exhibition

More than 120 local, regional and international companies are all set to occupy 4,000-sq-m at the 21st Food, Hotel and Hospitality Arabia Exhibition which will take place on May 9 at the Jeddah Centre for Events and Forums in Saudi Arabia.

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IT & Telecommunications

Big data breaches found at major email services

Hundreds of millions of hacked usernames and passwords for email accounts and other websites are being traded in Russia's criminal underworld, a security expert told Reuters.

More…
Lifestyle

Samsonite to acquire luxury brand Tumi for $1.8bn

Samsonite, the world’s leading travel luggage brand, has announced plans to acquire luxury brand Tumi for $1.8 billion.

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Motoring

Spectacular launch for Jaguar F-Pace at Burj Khalifa

British luxury brand Jaguar created a world first with the Middle East launch of its all-new F-Pace performance SUV at Burj Khalifa, the world’s tallest tower.

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Health & Environment

Averda, Uber team up to tackle e-waste

Averda, a leading environmental solutions provider in the Middle East and Africa, and Uber recently joined forces to tackle the ever rising problem of electronic waste in Dubai, UAE, marking the 2016 ‘Earth Day’.

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Media & Promotion

Revealed: Top Indian entrepreneurs, executives

Forbes Middle East has unveiled its 2016 rankings of the Top 100 Indian Entrepreneurs in the Arab World and the Top 50 Indians in Executive Management in both multinationals and Arab companies.

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Miscellaneous

Turkey on verge of completing process for EU visa deal

Turkey is on the verge of completing the necessary work to secure visa-free travel for Turkish citizens to the European Union, Foreign Minister Mevlut Cavusoglu said on Wednesday after parliament passed new legislation overnight.

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