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CERAMIC TILES MANUFACTURER
Investcorp to acquire key Spanish company
Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.
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GULF AIRLINES WAIT
Turkey, Lebanon restart Baghdad flights
Turkish Airlines and Lebanon's Middle East Airlines (MEA) resumed flights to Baghdad on Thursday after halting them earlier in the week when bullets hit a plane as it was landing in the Iraqi capital.
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STAKE IN ADCO
Total wins share of new Abu Dhabi concession
Total has signed an agreement to take a 10 per cent stake in a new 40-year onshore concession in Abu Dhabi in the United Arab Emirates (UAE), the French oil group said on Thursday.
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SPOTLIGHT
Aviation chiefs seek new safety mandate after deadly 2014
Aviation leaders will try to secure a mandate to implement new safety standards when they meet next week after a string of high-profile accidents around the world made 2014 the deadliest year for commercial airlines in almost a decade.
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SPOTLIGHT
UAE employers ‘must embrace potential of millennials’
UAE employers must embrace the potential of the millennial generation to transform their businesses, according to a top executive.
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Circle Uncircled
A visitor takes a ‘selfie’ in front of an exhibit titled ‘Circle Uncircled’ by artist Rahul Kumar, at the India Art Fair in New Delhi January 29. The fair focuses on homegrown artists and exhibits inspired by contemporary themes.
Top Trade News
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Investcorp to acquire key Spanish company
Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.
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Samsung’s UHD TV sales grows 10-fold in Gulf
Samsung Gulf Electronics has reported a 10-fold increase in sales of its ultra-high-definition (UHD) televisions last year, compared to 2013.
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Bahrain to increase natural gas prices for industry
Bahrain will increase the price of natural gas sold to companies by 25 cents per million British thermal units (mmBtu) from April 1, Aluminium Bahrain (Alba) said in a statement on Friday.
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Travelex, UAE Exchange to merge and list in Abu Dhabi
Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said.
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Funds turning positive on Saudi as oil stabilises
Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.
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Shell to build $11bn petchem plant in Iraq
Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday.
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Qatar Airways buys 9.99pc stake in British Airways
Qatar Airways has bought a 9.99 per cent stake in International Airlines Group, worth around $1.7 billion, building closer ties with the owner of its partners British Airways and Spain's Iberia in the one world alliance.
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Ooredoo Oman Q4 profit falls 17pc to $21m
Ooredoo Oman reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, marking a 17 per cent fall in fourth-quarter profit on Thursday.
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Dubai hosts ‘world’s most expensive’ fashion show
Dubai Shopping Festival (DSF) in partnership with Dhamani, recently hosted the “Diamond Fashion Show”, dubbed the most expensive fashion show in the world featuring a display of diamond jewellery worth over $100 million.
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Al Habtoor opens Mitsubishi showroom complex in Al Ain
Al Habtoor Motors, the exclusive distributor of Mitsubishi vehicles in the UAE, has opened a new showroom complex for the brand in Al Ain, UAE.
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Philips introduces digital pathology solution in Middle East
Philips, a leading multinational technology company, has announced that the Philips Digital Pathology Solution is available for diagnostic use in the Middle East.
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Art space for local artists, musicians opens in Bahrain
An innovative art space designed to bring local artists and musicians together is opening today (January 30) at Amwaj Islands, Bahrain.
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Strong salary growth predicted in Bahrain
Strong increases in salaries and headcount growth can be expected in Bahrain over the coming few years, according to a new survey.
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Chile to showcase dry fruit and nut products at Gulfood
Chile is set to present its dry and dehydrated fruit and nut export products at leading Middle Eastern food fair, Gulfood 2015, in Dubai, UAE, next month.
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