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FUSELAGE DAMAGED
Flydubai plane shot at; UAE bans flights to Baghdad
The UAE aviation authority has issued a ban on flights to the Iraqi capital Baghdad after shots were fired at a flydubai flight which landed at Baghdad International Airport from Dubai, UAE, on Monday.
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'TIME FOR FISCAL DISCIPLINE'
Aramco to renegotiate contracts; put off projects
Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday.
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AIRLINE BACKS SKILL DEVELOPMENT
Etihad to offer 6,000 jobs to UAE nationals
Etihad Airways will offer jobs to more than 6,000 UAE nationals over the next five years as part of its UAE national development strategy, the airline said. The jobs will span the entire spectrum of the airline’s operations.
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ANALYSIS
Mena bond markets to remain investor focus in 2015
Mena equity markets will have a challenging 2015, while lower than expected oil prices will continue to adversely impact market performance and bond markets remain a key focus for local liquidity, a report said.
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SPOTLIGHT
Mideast partnerships boost football club revenues
Middle Eastern commercial partnerships contributed significantly to revenue increases of many top football clubs last season, according to a study.
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IMAGE OF THE DAY
Pulling along in snow
Alexander Valeur of Denmark and Katia Borredo from Mexico carry their baggage through a snowstorm in Times Square, New York early morning on January 27. A blizzard barreled into the US Northeast, affecting thousands of flights.
Top Trade News
 | Industry Sectors |
Saudi, Egypt groups to build industrial complex
Leading businessmen from Saudi Arabia and Egypt are planning to build an industrial complex at an investment of E£500 million ($68.4 million), said a report.
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Samsung showcases next-gen solutions at CES
Samsung Electronics showcased its next generation devices and services, led by an 88-inch SUHD TV and Milk VR virtual reality video service at a media event at the recent International Consumer Electronics Show (CES) in Las Vegas.
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Aramco to renegotiate contracts; put off projects
Saudi Aramco will renegotiate some contracts and postpone some projects due to falling oil prices, the head of Saudi Arabia's state oil company said on Tuesday.
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BisB extends Visa partnership for 5 years
Bahrain Islamic Bank (BisB) has signed a strategic agreement with Visa, a global leader in electronic payments, to further enhance the bank's partnership with it for another five years.
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Mena bond markets to remain investor focus in 2015
Mena equity markets will have a challenging 2015, while lower than expected oil prices will continue to adversely impact market performance and bond markets remain a key focus for local liquidity, a report said.
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Minelab sets up new facility in Dubai
Minelab, a metal-detecting technologies provider, has opened a new facility in Dubai, UAE, as part of a $2 million investment recognising Dubai as a strategic hub for its gold business in the Middle East and North Africa.
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Flydubai plane shot at; UAE bans flights to Baghdad
The UAE aviation authority has issued a ban on flights to the Iraqi capital Baghdad after shots were fired at a flydubai flight which landed at Baghdad International Airport from Dubai, UAE, on Monday.
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Microsoft profits fall on sluggish Windows
Microsoft Corp on Monday reported a fall in its quarterly profit, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong US dollar.
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Paris Gallery plans major regional expansion
Paris Gallery, the flagship retail brand of the Paris Gallery Group of Companies, the leading luxury retailer in the GCC, is set to expand with new stores in the region, backed by major plans to refurbish existing branches, its CEO said.
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BMW, MINI sales increase 37pc in Bahrain
Euro Motors, the exclusive dealer of BMW and MINI cars in Bahrain, has posts a 37 per cent increase in BMW and MINI sales over the last year.
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Siemens Healthcare showcases latest devices at Arab Health
Siemens Healthcare is showcasing its latest imaging and therapy portfolio – from a digital mobile X-ray system with interchangeable detectors to a new 1.5-tesla MRI scanner with reduced operating costs, at the on-going Arab Health 2015.
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Facebook unit forms virtual-reality film studio
Facebook's Oculus VR is getting into movies with an in-house studio dedicated to making virtual-reality films and premiered its first short piece at the Sundance Film Festival on Monday.
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Etihad to offer 6,000 jobs to UAE nationals
Etihad Airways will offer jobs to more than 6,000 UAE nationals over the next five years as part of its UAE national development strategy, the airline said. The jobs will span the entire spectrum of the airline’s operations.
More…
Oman inks deals worth $170m to lift aquaculture
Oman’s Ministry of Housing has signed three agreements worth RO66 million ($170.7 million) which will help boost aquaculture production in the Sultanate from 353 tonnes in 2013 to 7,330 tonnes per year, a report said.
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