Sunday 1 March 2015

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NEW AIRPORT, HOTELS PLANNED
UAE developer plans $80bn giant city in Cairo

Abu Dhabi-based Eagle Hills plans to build a new city near Cairo, Egypt, comprising a large number of homes for low- and middle-income buyers, at an estimated cost of $75 to $80 billion over a 12-year period, said a report.

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1

FIRM MULLS IPO FOR UNIT
Senaat to invest $1.36bn on industrial projects

Senaat, one of the UAE’s largest industrial holding companies, is planning to invest Dh5 billion ($1.36 billion) on further expanding its portfolio of industrial projects over the next two years.

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2

$600m BUSINESSES EYED
Qatar’s Mannai working on two foreign acquisitions

Qatari investment firm Mannai Corporation is working on two acquisitions as part of a drive to expand the proportion of its revenue from international sources to 80 per cent, its chief executive said.

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3

SPOTLIGHT
Apple car rumours fuel debate on car of future

The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car.

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4

SPECIAL REPORT
iPhone 5s continues to dominate UAE market

The iPhone 5s was the most commonly used smartphone in the UAE during the fourth quarter of 2014, comprising 4 per cent of the total handsets while marking a 9 per cent growth over the previous quarter, according to latest figures.

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5

IMAGE OF THE DAY
Soul reflection

Actors, playing the role of Japanese soldiers, perform as a traffic police looks on during a re-enactment of the Independence Movement Day in Seoul on March 1.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain's residential rental rates stable

The residential market in Bahrain has seen little change in the last quarter of 2014 with a marginal increase of two per cent in prime locations mainly in the northwest of the island, which is populated by expatriates, said a report.

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Retail & Wholesale

iPhone 5s continues to dominate UAE market

The iPhone 5s was the most commonly used smartphone in the UAE during the fourth quarter of 2014, comprising 4 per cent of the total handsets while marking a 9 per cent growth over the previous quarter, according to latest figures.

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Energy, Oil & Gas

Acwa gets $344m loan for Dubai solar project

Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, UAE, chief executive Paddy Padmanathan said on Sunday.

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Finance & Capital Market

Oman to issue first sovereign sukuk by mid-2015

Oman plans to make its first sovereign issue of Islamic bonds, a 200 million rial ($520 million) issue, by mid-2015 to help finance a budget deficit caused by the plunge of oil prices, the head of its central bank said.

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Industry, Logistics & Shipping

Senaat to invest $1.36bn on industrial projects

Senaat, one of the UAE’s largest industrial holding companies, is planning to invest Dh5 billion ($1.36 billion) on further expanding its portfolio of industrial projects over the next two years.

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IT & Telecommunications
Lifestyle

Montblanc salutes John F Kennedy

Montblanc launched its new Great Characters Edition commemorating John F Kennedy, one of the most charismatic political figures and a man of extraordinary achievements, at an exclusive diplomats dinner in Abu Dhabi recently.

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Motoring

Ali Alghanim launches BMW X6 in Kuwait

Ali Alghanim & Sons Automotive, the exclusive importer for BMW, MINI and Rolls-Royce in Kuwait, has launched the new BMW X6, the second generation of the sports activity coupé.

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Health & Environment

Bahrain’s doctors seeking better facilities

Doctors on duty at Bahrain's main public hospital claim they are being treated "worse than labourers" due to allegedly "filthy" conditions and bed shortages in the on-call rooms.

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Education, HR & Training

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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Miscellaneous

Qatar's Hassad Food eyes Brazilian sugar, poultry assets

Hassad Food, the agricultural arm of Qatar's sovereign wealth fund, said it was looking at possible purchases of Brazilian sugar and poultry assets as structural problems in those industries in the South American country created opportunities.

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