Tuesday 31 March 2015

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149km TRANSPORT SYSTEM
Jeddah Metro to start operation by 2020

Saudi Arabia plans to open bidding for construction of a metro rail system in the commercial hub of Jeddah this year and begin operating it in 2020, an official from the state-backed firm managing the project said.

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1

SANCTIONS KEY ISSUE
Iran deal: deadline nears

With a deadline hours away, Iran and six world powers ramped up the pace on Tuesday in negotiations over a preliminary deal on Tehran's nuclear programme, while officials cautioned that any agreement would likely be fragile and incomplete.

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2

KEY POLICY SHIFT
Saudi Arabia to use infrastructure projects for FDI boost

Saudi Arabia will use multi-billion-dollar infrastructure projects to attract foreign investment in sectors such as transport, healthcare and industrial equipment, a senior economic official said.

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3

SPECIAL REPORT
Facelift or folly: Belgrade braces for Dubai-style makeover

The vista of rusting boats and drab wasteland that greets visitors passing over river Sava into Belgrade is set to be transformed into Dubai-style forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split.

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4

MIDEAST MONEY
Potential loopholes could limit impact of Saudi land tax

A planned tax on undeveloped urban land may transform Saudi Arabia's real estate market, making homes more affordable, but potential loopholes could dilute the impact and make the effect on the market hard to predict.

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5

IMAGE OF THE DAY
Blackout woes

People look at a closed entrance to a subway station in Istanbul on March 31. A major power outage hit cities across Turkey, where parts of the subway system were shut down and shopping malls were plunged into darkness.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Jeddah Metro to start operation by 2020

Saudi Arabia plans to open bidding for construction of a metro rail system in the commercial hub of Jeddah this year and begin operating it in 2020, an official from the state-backed firm managing the project said.

More…
Retail & Wholesale

Fly to showcase top line-up of deals at Gitex Shopper

Top European mobile player Fly is bringing its innovative range of products to this year’s Gitex Shopper, with a value-packed line-up of promotions to reward its loyal customers with the best possible deals on the market.

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Energy, Oil & Gas
Finance & Capital Market

Saudi bourse rules for foreigners by end-April

Saudi Arabia's market regulator will publish the final rules governing the opening of the kingdom's stock exchange to direct foreign investors by the end of April, a senior Saudi banker told Reuters.

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Analysis, Interviews, Opinions

Potential loopholes could limit impact of Saudi land tax

A planned tax on undeveloped urban land may transform Saudi Arabia's real estate market, making homes more affordable, but potential loopholes could dilute the impact and make the effect on the market hard to predict.

More…
Industry, Logistics & Shipping

Saudi to lure investors with big infrastructure projects

Saudi Arabia is working on a new investment policy that will see bidders who supply for multi-billion dollar infrastructure projects of the government being encouraged to set up manufacturing units and export facilities in the country.

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Travel, Tourism & Hospitality

Qatar Airways to increase capacity to Bengaluru

Flag carrier Qatar Airways is continuing its expansion plans in India with a significant increase in capacity on its flights from Doha to Bengaluru from August 1.

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IT & Telecommunications

IBM to invest $3bn in ‘Internet of Things’ unit

IBM plans to invest $3 billion over the next four years to establish a new Internet of Things (IoT) unit, and build a cloud-based open platform designed to help clients and ecosystem partners build IoT solutions.

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Lifestyle

McLaren unveils all-new 570s coupe

British automaker McLaren has unveiled the first model to be launched in its Sports Series family, called the 570S Coupé, which will debuts at the 115th New York International Auto Show tomorrow (April 1).

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Health & Environment

Qatar’s Hamad Medical Corp to double hospital beds

Hamad Medical Corporation has unveiled a new 15-year master plan to include double the number of hospital beds and operating theatres and triple car parking provisions by 2030 to tackle Qatar’s healthcare crisis, according to a report.

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Media & Promotion

Qatar 2022 World Cup ‘may not need cooling systems’

A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament, said an executive from the Gulf state's 2022 organising committee.

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Education, HR & Training

Autodesk launches 3D design, printing app for kids

Autodesk, a leader in 3D design and engineering software, has launched Tinkerplay, a free app designed for kids of all ages that introduces creative play through 3D design and 3D printing.

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Miscellaneous

Iran ‘willing to work with Saudi to solve Yemen crisis’

Iran wants all parties in Yemen to return to talks, Tehran's deputy foreign minister Hossein Amir Abdollahian said on Tuesday, adding the Islamic Republic and Saudi Arabia could work together to solve the conflict there.

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