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PROPERTY WORTH $2.25bn
Qatar acquires landmark Milan business district
Qatar's sovereign fund will become sole owner of a prime real estate area in Milan, which has a market value of more than 2 billion euros ($2.25 billion) and is home to the new high-rise headquarters of Italy's UniCredit .
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CRUDE ADVANCES 18pc IN FEB
Oil up sharply; posts first monthly gain since June
Crude oil rose sharply on Friday as Brent and US futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages.
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$71M WORTH EPC DEALS
SNC-Lavalin wins 2 district cooling contracts in Saudi
SNC-Lavalin, a leading engineering and construction group, has won two district cooling contracts in Saudi Arabia, with a combined value of approximately $71 million.
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SPECIAL REPORT
Watch out for nasty global flu surprises, WHO warns
The world remains highly vulnerable to a possible severe flu pandemic and governments should increase surveillance, vigilance and preparedness, the World Health Organization (WHO) has warned.
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SPOTLIGHT
Drilling decline inevitable as oil price remains low
Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report.
Top Trade News
 | Industry Sectors |
Omega Real Estate launches FM division in UAE
Omega Real Estate, a leading real-estate company owned by ‘The H Holding Enterprise,’ has launched facilities management (FM) division, to cater to growing market demand in the UAE.
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Canon launches new printers range in Bahrain
Canon Middle East has unveiled the latest range of its inkjet printers - the Maxify series and i-Sensys laser series in Bahrain.
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Oil up sharply; posts first monthly gain since June
Crude oil rose sharply on Friday as Brent and US futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages.
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RBS shrinks investment bank, posts $5.4bn loss
Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.
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Bahrain banks on infrastructure, private sector
Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week.
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Solar Impulse 2 soars across skies of Abu Dhabi
Solar Impulse 2, a solar aircraft of Swiss pioneers Bertrand Piccard and André Borschberg, has soared across the skies of Abu Dhabi, UAE, during its first test flights in the emirate recently.
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UAE airlines cleared to resume Baghdad flights
The UAE's civil aviation regulator has given approval for local carriers to resume flights to Baghdad, reversing a directive that halted flights after bullets hit a Dubai plane as it landed in the Iraqi capital late last month.
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Cybersecurity remains a top concern in Mideast
Cybercrime has been identified as the second most common form of economic crime in the Middle East, with the region’s cybersecurity market set to grow 84 per cent to hit $9.56 billion in 2019, according to a recent PwC survey.
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Two Porsches to make global debut
German sports car manufacturer Porsche will celebrate the world premiere of two extreme sports cars at the 2015 Geneva International Motor Show, which will be held in Geneva, Switzerland, from March 3 to 15.
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Fiat Chrysler recalling 467,500 SUVs worldwide
Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs worldwide in order to fix a fuel-pump issue that could cause the engine to either stall or not start.
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Decision on Ebola mass vaccination in August: WHO
An independent advisory body will decide in August at the earliest on whether to recommend widespread introduction of an Ebola vaccine, depending on results of clinical trials and the epidemic's course, the World Health Organization said.
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2022 World Cup final ‘no later than Dec 18’
The World Cup final in Qatar in 2022 should be played no later than December 18, Fifa president Sepp Blatter said on Friday.
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Online education tools use ‘results in better outcomes’
The opportunities that online education tools provide in terms of student assessment, engagement and education outcomes was discussed at the recently concluded 2015 Global Education Forum in Dubai, UAE.
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UAE, Kuwait to reopen embassies in Yemen
The United Arab Emirates and Kuwait will reopen their Yemeni embassies in the southern city of Aden instead of the capital Sanaa, the two countries' state news agencies said on Friday.
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