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UKRAINE CRISIS
Middle East grain import bills could rise
Turmoil in Ukraine is driving Middle Eastern grain buyers to shy away from striking new deals there and to consider rival suppliers, a shift that is likely to push up import bills.
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LESS NPAs THIS YEAR
Kuwait GDP growth to hit 3.5pc in 2014
Kuwait's economy is expected to grow between three and 3.5 per cent this year, the country's central bank governor said on Wednesday.
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SPENDING BOOST
Sharjah approves $4.2bn budget for 2014
Sharjah's ruler Dr Sultan bin Muhammad Al Qasimi has approved a Dh15.4 billion ($4.2 billion) budget plan for 2014, up nearly 7 per cent compared to Dh14.5 billion last year.
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ANALYSIS
Terror tag to Brotherhood complicates Gulf ties
Saudi Arabia's fierce campaign against the Muslim Brotherhood, already on the run in its Egyptian birthplace, has divided a Gulf bloc, causing discomfort in some member states where the Islamist group is embedded in daily politics.
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SPECIAL REPORT
All change as Formula One enters new era
The prospect of seeing Sebastian Vettel beaten for the first time since last July is just one of the many novelties Sunday's season-opening Australian Formula One Grand Prix promises to deliver.
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IMAGE OF THE DAY
$25 million cup
Nicolas Chow, Asia deputy chairman of Sotheby's International, poses with the Meiyintang Chenghua "Chicken Cup" in Hong Kong on March 12. The item is expected to fetch HK$200-300 million ($25.6-38.5 million) at the upcoming Spring Sales.
Top Trade News
 | Industry Sectors |
Indian group plans $300m Bahrain Bay investment
Leading Indian real estate firm, the Ajmera Mayfair Realty Group, has confirmed its interest to increase current investment in Bahrain Bay Development from $30 million to $300 million.
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Jewellery show set to open in Abu Dhabi
Over 190 renowned exhibitors and brands from across the globe are set display their gemstone, gold and silver jewellery at the 22nd International Jewellery and Watch Show (JWS) opening in Abu Dhabi tomorrow (March 13).
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Opec raises forecast for 2014 global oil demand
World oil demand will increase more than expected in 2014, Opec said on Wednesday, raising its prediction for a second straight month as economic growth picks up in Europe and the United States.
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Saudi non-oil sector posts solid growth in Feb
Saudi Arabia’s non-oil private sector companies recorded solid growth in February with output, new orders, and employment all continuing to rise, said a report.
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All change as Formula One enters new era
The prospect of seeing Sebastian Vettel beaten for the first time since last July is just one of the many novelties Sunday's season-opening Australian Formula One Grand Prix promises to deliver.
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Cargo summit calls for cut in transit times
The International Air Transport Association (Iata) commenced its eighth World Cargo Symposium in Los Angeles with a call for the average end-to-end transit time to be cut by up to 48 hours by the end of the decade.
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Iata cuts global airline profit forecast to $18.7bn
The Ukraine crisis and economic worries in Latin America have prompted the airline industry to trim $1 billion off its global profit forecast for 2014, the International Air Transport Association said on Wednesday.
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Sandvine wins big Etisalat follow-on order
Canada-based Sandvine, a leading provider of intelligent broadband network solutions for fixed and mobile operators, has received a multi-million dollar follow-on order from Etisalat, a leading telecom service provider in the UAE.
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Saudi 'must name and shame corrupt officials'
Saudi Arabia's Shura council has called upon the government to adopt 'name and shame' tactics to root out corruption from the kingdom, said a report.
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Toyota remains ‘world’s most valuable car brand’
Toyota remains the world’s most valuable car brand valued at $26 billion according to new research by leading brand valuation and marketing experts Brand Finance.
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Riyadh 'among most polluted cities'
Saudi capital Riyadh has been ranked one of the most polluted cities in the world, a report quoting a World Health Organization (WHO) study said.
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Ogilvy & Mather takes majority stake in Memac Ogilvy
Ogilvy & Mather, one of the largest marketing communications companies in the world, today announced that it has acquired a majority stake in Memac Ogilvy.
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Qapco to fund 6 Qatar University projects
Qatar Petrochemical Company (Qapco) has signed a deal with the College of Engineering at Qatar University to fund six projects, providing extra financial and technical support that will benefit the students of the university.
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Stage set for Bahrain Animal Production Show
The third edition of Bahrain Animal Production Show (Mara’ee) will take place at the Bahrain International Endurance Village, Zallaq, from March 21 to 24 under the patronage of His Majesty King Hamad.
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