Thursday 25 December 2014

0

READY TO COPE WITH CHEAP OIL
Saudis to spend heavily in 2015 budget, shrug off oil plunge

Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with huge fiscal reserves, the government said, providing the first look at how the world's top oil exporter aims to handle an era of cheap oil.

more…

1

DEAL LIKELY BY MARCH 31
RAK Ceramics to exit Sudan business, boost UAE capacity

United Arab Emirates-based RAK Ceramics, one of the world's biggest makers of floor and wall tiles, said on Thursday it would sell its Sudan business and use the cash raised to expand its sanitary ware production capacity in the UAE.

more…

2

FIRST ALUMINA FROM LOCAL BAUXITE
Ma’aden-Alcoa JV achieves major production milestone

Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa have achieved a major milestone with the production of the first alumina from local bauxite at their joint venture aluminum complex in Ras Al Khair, Saudi Arabia.

more…

3

SPECIAL REPORT
Mideast smartphone sales surge 50pc in Q3

Emerging markets witnessed some of the highest sales in smartphones, with the Middle East and Africa achieving the highest increase in the third quarter of 2014, with sales growing almost 50 per cent year-over-year, a report said.

more…

4

ANALYSIS
Value emerges amid GCC equity market volatility

GCC markets end the year flat after a correction caused by oil price volatility, but 2015 looks promising for investors due to strong fundamentals and low valuations, a report said.

more…

5

IMAGE OF THE DAY
Memorial for Antonio

A memorial is set up at the scene where a white policeman allegedly fatally shot Antonio Martin, a black man, who brandished a gun at a suburban St Louis gas station in the US city of Berkeley on December 24.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Oman to award contracts for $1.3bn residential city

Oman’s housing ministry is set to award construction contracts for the second phase of a new RO500 million ($1.3 billion) city coming up in the northern Liwa province of the sultanate, said a report.

More…
Retail & Wholesale

Khalifa Fund hosts training for retail start-ups

Khalifa Fund for Enterprise Development partnered with Chalhoub Investment Group to host a training programme for start-ups in the retail industry in UAE.

More…
Finance & Capital Market

Saudis to spend heavily in 2015 budget, shrug off oil plunge

Saudi Arabia will lift state spending to a record in its 2015 budget while covering a deficit with huge fiscal reserves, the government said, providing the first look at how the world's top oil exporter aims to handle an era of cheap oil.

More…
Analysis, Interviews, Opinions

Mideast smartphone sales surge 50pc in Q3

Emerging markets witnessed some of the highest sales in smartphones, with the Middle East and Africa achieving the highest increase in the third quarter of 2014, with sales growing almost 50 per cent year-over-year, a report said.

More…
Industry, Logistics & Shipping

RAK Ceramics to exit Sudan business, boost UAE capacity

United Arab Emirates-based RAK Ceramics, one of the world's biggest makers of floor and wall tiles, said on Thursday it would sell its Sudan business and use the cash raised to expand its sanitary ware production capacity in the UAE.

More…
Travel, Tourism & Hospitality

Saudi ‘could earn $9bn from tourist visas’

Saudi Arabia’s plan to start issuing tourist visas in six months will draw over seven million visitors to the kingdom and has the potential to provide the economy with more than SR35 billion ($9.32 billion) in five years, a report said.

More…
IT & Telecommunications

Zain Bahrain plans network expansion

Zain Bahrain, a leading telecomoperator, has announced plans to enhance its network coverage footprint which will allow improvements and help meet increasing customer demand, a report said.

More…
Lifestyle

Rockwell Collins promotes new solutions

Rockwell Collins of the US showcased its new flight information solutions and cabin systems at the Middle East Business Aviation (Meba) show, in Dubai, UAE, recently.

More…
Motoring

Hyundai opens Mideast’s first digital showroom in Dubai

Hyundai has launched the Middle East’s first digital showroom, demonstrating the brand’s commitment to innovate and adapt in an ever-changing marketplace.

More…
Health & Environment

Tenth Egyptian dies of H5N1 bird flu

A five-year-old Egyptian child died from bird flu on Wednesday, the tenth death from the virus in the country out of 22 identified cases this year, the Health Ministry said.

More…
Media & Promotion

Sony changes tack, releases 'The Interview' online

The Interview," the provocative comedy that triggered a devastating cyberattack on Sony Pictures, went straight to US consumers on Wednesday in an unprecedented online debut after hacker threats prevented its wide release on Christmas day.

More…
Education, HR & Training

Adec, Mubadala launch educational programmes

Abu Dhabi Education Council (Adec) and Mubadala Development Company, the Abu Dhabi investment and development company, have launched the Abu Dhabi Sustainability Week in Schools (ADSWS), an emirate-wide educational programme.

More…
Miscellaneous

Real Madrid to launch Real Madrid Café in Dubai

Real Madrid Café will be officially launched in Dubai on December 29 as the first and only restaurant in the world named after and in collaboration with the popular football club.

More…
Exchange rates table is provided by DailyForex.com - Forex Reviews and News

Live commodities widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events

Ads

DHgate.com

Browse latest range of products on wholesale rate including Plastic Injection Mold Makers, Medical Equipments, Ceramic Tiles and industrial tower cranes for sale by Kerui powered by: Telco Corp.