Saturday 5 September 2015

0

US AIMS TO IMPROVE TIES
Saudi Arabia welcomes Iran nuclear deal

Saudi Arabia is satisfied with assurances from US President Barack Obama about the Iran nuclear deal and believes the agreement will contribute to security and stability in the Middle East, a senior Saudi official said on Friday.

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1

US CRUDE DOWN 1.5pc
Oil prices fall in tandem with Wall Street

Crude futures fell about 2 per cent on Friday as traders shrugged off a drop in the number of US rigs drilling for oil and focused instead on a supply glut and declining stock prices on Wall Street.

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2

ASSAULT ON ARMY CAMP
50 soldiers from UAE, Bahrain killed in Yemen attack

At least 50 soldiers from the United Arab Emirates and Bahrain were killed in Yemen on Friday in the deadliest attack on Gulf Arab troops in the Saudi-led military campaign against Houthi forces, Gulf news agencies said.

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3

INSIGHT
Automakers, Google take different roads to automated cars

From his laboratory at Pittsburgh's Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar said self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come.

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4

ANALYSIS
New approach to old alliance for Saudi King and Obama

Saudi Arabia's King Salman will meet US President Barack Obama on Friday, aiming to push him for more support in Riyadh's efforts to counter Iran after it agreed to a nuclear deal that will relieve Tehran of some international pressure.

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5

NEWS IN PICTURES
Alessandra in Venice

Brazilian top model Alessandra Ambrosio poses at the Lido Beach ahead of the 72nd annual Venice International Film Festival, in Venice, Italy.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

New plans for Manama on Bahrain council’s agenda

Introducing new projects and cracking down on municipal violations will be at the top of the agenda in the capital as Bahrain’s councils return for the new legislative term.

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Retail & Wholesale

Saudi groups plan $320m shopping complex

Saudi-based Raj Real Estate company, a subsidiary of Al-Rajhi United, and Baseel property company, have announced plans to develop a SR1.2 billion ($320 million) shopping complex - The Riyadh Walk.

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Finance & Capital Market

Bahrain banks ‘ready to face global headwinds’

Bahrain’s banks have strong liquidity and capital buffers that would enable them to tide over global headwinds due to continuing low oil price and low growth expectations, experts from ratings agency Moody’s Investors Service said.

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Analysis, Interviews, Opinions

Automakers, Google take different roads to automated cars

From his laboratory at Pittsburgh's Carnegie Mellon University, automated vehicle pioneer Raj Rajkumar said self-driving cars will evolve step-by-step, with humans staying in charge for a long time to come.

More…
Industry, Logistics & Shipping

GCC fertiliser industry more than doubles in 10 years

With a production capacity of 40.9 million tonnes, the Gulf Cooperation Council’s (GCC) fertiliser capacity has grown by 102 per cent since 2004, according to the Gulf Petrochemicals and Chemicals Association (GPCA).

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IT & Telecommunications

Pacific Controls acquires 33pc stake in Inframon

Pacific Control Systems (PCS), a UAE-based leader of Internet of Things (IoT) and cloud services solutions, has acquired 33.33 per cent equity stake in Inframon, a UK-based IT cloud transformation company.

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Lifestyle

New BMW 3 Series to launch in Bahrain

Euro Motors, the official BMW Group importer in Bahrain, said the new BMW 3 Series will go on sale in showrooms across Bahrain this month.

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Health & Environment
Media & Promotion

Google redesigns logo for the fifth time

Google unveiled a redesign of its iconic logo on Tuesday, the fifth such modification since the search engine giant started in 1998, the company said in a blog post.

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Education, HR & Training

‘Extra screen time drags down teenagers' exam grades’

Teenagers who spend an extra hour a day surfing the internet, watching TV or playing computer games risk performing two grades worse in exams than their peers who do not, according to research by British scientists.

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Miscellaneous

Bahrain delays plan to cut meat subsidy

Plans to scrap meat subsidies have been postponed for another month in Bahrain as MPs and the government continue to review the effect that the move will have on citizens.

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