Sunday 26 April 2015

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PRIME OFFICE RENTS STABLE
Bahrain’s retail sector thrives on upbeat market

The retail sector in Bahrain continues to thrive with newly delivered and upcoming developments announced in the past year, including two top destination malls which opened in the first quarter of this year, a report said.

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1

HOUTHI BASES TARGETED
Saudi-led air strikes hit Yemeni capital, ships shell Aden

At least five air strikes hit military sites and an area near the presidential palace compound in the Yemeni capital Sanaa at dawn on Sunday while warships pounded an area near the port of the southern city of Aden, residents said.

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2

TITANIUM SPONGE PLANT
Asian contractors win $290m Saudi Tasnee project

Leading Asian contractors - Taiwan's CTCI and Japan's Chiyoda - have won a major contract from Saudi Arabia's National Industrialisation Company (Tasnee) to build a $290 million titanium sponge plant in Yanbu region of the kingdom.

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3

ANALYSIS
GCC consulting market expands by $1bn in 3 years

The GCC consulting market has expanded by more than $1billion in just three years, an amount that is roughly equivalent to that of the entire consulting markets of mature European countries like Spain and Italy, a report said.

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4

SPOTLIGHT
After Yemen attack, Saudi may struggle with peacemaker role

As Saudi Arabia winds down the campaign it led against Yemen's Houthis, a militia allied to its regional rival Iran, Riyadh faces a test of its diplomatic skills in trying to arrange talks among Yemen's fractious elites.

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5

NEWS IN PICTURES
Floating catwalk

The long-awaited fashion shot featuring global sensation Jessica Minh Anh in Tony Ward’s red dress on the iconic Brooklyn Bridge has now been revealed. The bridge provided the backdrop for Jessica’s floating catwalk.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Asian contractors win $290m Saudi Tasnee project

Leading Asian contractors - Taiwan's CTCI and Japan's Chiyoda - have won a major contract from Saudi Arabia's National Industrialisation Company (Tasnee) to build a $290 million titanium sponge plant in Yanbu region of the kingdom.

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Retail & Wholesale

Contracts worth $326m signed at DEAL

The Dubai Entertainment, Amusement and Leisure Show (DEAL) 2015 recorded more than Dh1.2 billion ($326.6 million) worth of signed contracts, said event organisers.

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Energy, Oil & Gas

Dubai seeks bids for key solar park project

Dubai Electricity and Water Authority (Dewa) has invited bids for a project consultancy contract for the third phase of Mohammed bin Rashid Al Maktoum Solar Park, one of the largest renewable energy projects in the region.

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Finance & Capital Market

Investcorp names Kirdar as new chairman

Bahrain-based Investcorp, a leading alternative investment firm, has appointed Nemir Kirdar as the chairman of its board of directors, effective from July 1.

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Analysis, Interviews, Opinions

After Yemen attack, Saudi may struggle with peacemaker role

As Saudi Arabia winds down the campaign it led against Yemen's Houthis, a militia allied to its regional rival Iran, Riyadh faces a test of its diplomatic skills in trying to arrange talks among Yemen's fractious elites.

More…
Industry, Logistics & Shipping

Gulf Warehousing posts 40pc jump in Q1 profit

Qatar-based Gulf Warehousing Company said it has registered a strong 40 per cent increase in its net profit for the first quarter compared to the previous year, thus giving a bullish start to 2015.

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Travel, Tourism & Hospitality

Saudi Arabia's hotel market foresees high levels of supply

Saudi Arabia’s hospitality market can expect to witness high levels of new supply over the next three years as many of the previously delayed projects come to fruition, said a report.

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IT & Telecommunications

Low IT spend leaves ME firms open to cyber attacks

Middle East businesses are spending less than 1 per cent of their overall IT budgets on security, leaving them vulnerable to cyber attacks, said an industry expert.

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Lifestyle

Four Seasons jet 'offers new standard in luxury hospitality'

Four Seasons Hotels and Resorts, a global leader in luxury hospitality and service, has launched its new private jet, marking the establishment of a new standard in luxury hospitality experiences.

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Motoring

UAE road accident deaths down 21pc in Q1

Deaths and injuries caused by road accidents in the UAE during the first quarter of the year decreased by 21 per cent and 14.8 per cent respectively, according to latest figures.

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Health & Environment

Mediclinic to build new hospital in Dubai

Mediclinic Middle East, a leading private healthcare group, has announced plans to construct a new general hospital on a 500,000-sq-ft area at Umm Suqeim Road in Dubai, UAE.

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Media & Promotion

Arab visual media industry worth $2bn

The Arab visual media industry is currently worth $2 billion, with the television sector commanding the lion's share (95 per cent) while cinema is below five per cent and digital stands at less than one per cent, said an expert.

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Education, HR & Training

Dubai varsity in deal to promote Spanish studies

The American University in Dubai (AUD) and the Spanish Government represented by the Ministry of Foreign Affairs and Cooperation have signed a deal to support Spanish studies pertaining to language, culture and literature at the university.

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Miscellaneous

Saudi-led air strikes hit Yemeni capital, ships shell Aden

At least five air strikes hit military sites and an area near the presidential palace compound in the Yemeni capital Sanaa at dawn on Sunday while warships pounded an area near the port of the southern city of Aden, residents said.

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