Saturday 28 March 2015

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ARAB COALITION SET FOR LONG-HAUL
Yemen attacks to continue till targets achieved: Saudi king

Saudi King Salman said on Saturday the country's military campaign in Yemen against Houthi fighters would continue until its targets are achieved even as the Arab alliance looked geared up for a five to six-month long operation.

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SOCIAL HOMES STRATEGY
Bahrain plans to build 77,000 new housing units

Bahrain has embarked on a new ambitious homes plan which will see the construction of up to 77,000 new social housing units for its residents across the country, said a report.

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2

MOROCCO TO JOIN COALITION
Houthi rebels advance despite Saudi-led air strikes

Yemen's Houthi rebels made broad gains in the country's south and east on Friday despite a second day of Saudi-led air strikes meant to check the Iranian-backed militia's efforts to overthrow President Abd-Rabbu Mansour Hadi.

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3

SPECIAL REPORT
RWE's Gulf dream may offers cash, new markets

Working with a deep-pocketed Gulf backer could be just what RWE boss Peter Terium needs to restore shareholder confidence and escape budget constraints that have plagued Germany's top power producer, said a report.

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4

SPOTLIGHT
Testing of software adds to urgency in race for driverless cars

In the race to build a self-driving car, German automakers are hitting a road block in their efforts to test vehicles so complex they need more than 10 times the amount of software found in a fighter jet.

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5

IMAGE OF THE DAY
‘Full of joy’

Amanda Knox talks to the press surrounded by family outside her mother's home in Seattle on March 27. Knox she was "full of joy" following her acquittal by Italy's top court for the 2007 murder of British student Meredith Kercher.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Bahrain plans to build 77,000 new housing units

Bahrain has embarked on a new ambitious homes plan which will see the construction of up to 77,000 new social housing units for its residents across the country, said a report.

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Retail & Wholesale

Red Sea Mall expansion cost to top $53m

The estimated value of expansion works taking place in Red Sea Mall, a leading shopping and leisure destination in Jeddah, is set to reach SR200 million ($53.3 million), said its executive chairman.

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Energy, Oil & Gas

Baker Hughes, Halliburton set for key merger

Shareholders on Friday voted to approve the mergers of rival oilfield services firms Baker Hughes and Halliburton, bringing the proposed deal that still lacks regulatory approvals a step closer to finalisation.

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Finance & Capital Market

‘UniCredit bonds not an exit from bank investment’: Aabar

Abu Dhabi fund Aabar Investments said its sale of €2 billion ($2.2 billion) of bonds exchangeable into shares of UniCredit was not an exit from its investment in the Italian bank, but a way to improve its own finances.

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Analysis, Interviews, Opinions

With Yemen strikes, Saudis show growing independence from US

Saudi Arabia kept some key details of its military action in Yemen from Washington until the last moment, US officials said, as the kingdom takes a more assertive regional role to compensate for perceived US disengagement.

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Industry, Logistics & Shipping

Dow Chemical to sell chlorine assets in $5bn deal

Dow Chemical Company will separate a portion of its century-old chlorine business and sell it to Olin Corp in a tax-efficient deal worth $5 billion as part of efforts to shed low-margin assets.

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Travel, Tourism & Hospitality

Lufthansa to toughen up cockpit rules

Lufthansa said it will introduce new rules requiring two crew members to be in the cockpit at all times after one of the pilots at its Germanwings unit crashed a plane in the French Alps.

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IT & Telecommunications

Intel eyes chipmaker Altera for $10bn

Intel is in talks to buy fellow chipmaker Altera in a deal likely to top $10 billion, according to a source familiar with the matter, making it the company's biggest purchase ever and the latest merger in the semiconductor sector.

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Lifestyle

McLaren to launch sports coupe at New York show

McLaren will unveil the first model to be launched in its Sports Series family, called the 570S Coupé in less than a week when it debuts at the 115th New York International Auto Show.

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Motoring

MotoGP sees big ME role for Qatar

Qatar will be part of the MotoGP world championship for years to come and will also have a say in any expansion in the Middle East, the sport's commercial head said.

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Health & Environment

Veiled women face bigger Vitamin D deficiency risk

Women who wear traditional Islamic dress in the region should expose themselves to sunlight at least twice a week for health reasons, mainly to tackle Vitamin D deficiency issues, according to a health expert.

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Media & Promotion

Facebook brings apps, businesses to Messenger service

Facebook on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach.

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Education, HR & Training

Schwab, Harvard launch social entrepreneurship course

The Schwab Foundation for Social Entrepreneurship and Harvard Kennedy School have launched the first bespoke executive education course on social entrepreneurship, titled “The Art and Science of System Change.”

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Miscellaneous

Air strikes hit Houthi military convoy in Yemen

Saudi-led air forces attacked a convoy of Houthi armoured vehicles, tanks and military trucks travelling on the coastal road from the Arabian Sea town of Shaqra towards Aden in southern Yemen early on Saturday, residents said.

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