Saturday 30 May 2015

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KEY DEADLINE LOOMS
US, Iran address obstacles to seal nuclear deal

US Secretary of State John Kerry met his Iranian counterpart Mohammad Javad Zarif on Saturday in a bid to overcome the remaining obstacles to a final nuclear agreement, a month ahead of a deadline for a deal between Tehran and world powers.

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1

1,504 WEEKLY FLIGHTS
Abu Dhabi airport gears up for busiest summer season

Abu Dhabi International Airport is getting ready for its busiest ever summer this holiday season with a total of 1,504 flights set to depart from the UAE capital each week, up 22 per cent over the previous year, said a top official.

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2

ABC 'MOST SERIOUS CONTENDER'
BNP Paribas, ING, Bahrain group in race for HSBC Turkey

ING Group NV, BNP Paribas and Bahrain-based Arab Banking Corporation (ABC) have submitted bids to buy HSBC's Turkish business, a source familiar with the process said.

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3

ANALYSIS
Opec supply, resurgent shale ‘to keep oil prices weak’

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey.

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4

ANALYSIS
As sovereign issues grow, pricing stymies corporate sukuk

Sukuk issuance by governments around the world is expanding, helping to bring Islamic finance into the mainstream. But in one respect, the sovereign issues are proving a disappointment: they are not encouraging sukuk sales by companies.

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5

NEWS IN PICTURES
Merkel ‘most powerful woman’

German Chancellor Angela Merkel tops Forbes list of the 100 most powerful women with other world leaders close behind. Taylor Swift is the youngest ever entry.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Lafarge signs two deals to manage RDF platforms in Egypt

Lafarge Industrial Ecology (Ecocem) has signed two major contracts to manage and operate existing refuse-derived fuel (RDF) platforms in Suez and Qalyubeya, Egypt.

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Retail & Wholesale

Damas partners with top UAE jewellery brand

LeemaS, a new jewellery brand in the UAE, has joined hands with Damas, a leading international jewellery and watch retailer in the region, to launch its flagship Brocade collection in the UAE this summer.

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Energy, Oil & Gas

Oil jumps 5pc as dollar rally stalls, US rigs fall

Crude oil prices jumped almost 5 per cent on Friday, their biggest rally in 1-1/2 months, as a steady US dollar and a bigger than expected drop in US oil rigs in operation set off a renewed rush of bullish bets.

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Finance & Capital Market

BNP Paribas, ING, Bahrain group in race for HSBC Turkey

ING Group NV, BNP Paribas and Bahrain-based Arab Banking Corporation (ABC) have submitted bids to buy HSBC's Turkish business, a source familiar with the process said.

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Analysis, Interviews, Opinions

Opec supply, resurgent shale ‘to keep oil prices weak’

Oil prices are likely to stay relatively weak for the rest of this year due ample supply from traditional Middle East producers and a resurgence of US shale production, according to a Reuters survey.

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Industry, Logistics & Shipping

Tasneef issues quality certificates to UAE ships

UAE-based Tasneef, a leader in classification of ships and offshore platforms, has issued inspection and quality certificates for two container ships owned by Abu Dhabi National Tanker Company (Adnatco), a major ship-building company.

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Travel, Tourism & Hospitality

Abu Dhabi airport gears up for busiest summer season

Abu Dhabi International Airport is getting ready for its busiest ever summer this holiday season with a total of 1,504 flights set to depart from the UAE capital each week, up 22 per cent over the previous year, said a top official.

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IT & Telecommunications

Saudi Mobily unveils new data package

Mobily, a leading Saudi-based mobile services operator, has launched a special "Prime" promotion offering subscribers extra credit of 100 per cent and a free data up to 500 MB upon charging SR10 ($2.6) or more.

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Lifestyle

4Space wins top luxury lifestyle award

4Space Interior Design, a Dubai-based architecture and interior design company, has won the 2015 Luxury Lifestyle Award for Interior Design Studio Category “Luxury interior design Company of UAE” at a recent event in Dubai, UAE.

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Motoring

GM in massive trucks recall over Takata air bags

General Motors Company is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp, the US automaker said.

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Media & Promotion

Jackson's US ranch on market for $100m

The sprawling Neverland ranch in California once owned by the late pop star Michael Jackson is on sale for $100 million, Sotheby's International Realty said.

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Education, HR & Training
Miscellaneous

Blatter hits out at US authorities, UEFA

FIFA President Sepp Blatter came out fighting on Saturday as he began his fifth term in charge of soccer's governing body, implying that the US timed the announcement of a major corruption probe to try to scupper his re-election bid.

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