Tuesday 21 April 2015

0

JIHADIST MILITANTS' THREAT
Saudi Arabia on alert over 'oil, mall attack'

Saudi Arabia has put security forces on alert for a possible militant attack on a shopping mall or energy installation, revealed an Interior Ministry spokesman.

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1

CONSTRUCTION ‘KEY TO ECONOMY’
Qatar plans $350 billion in development projects

Qatar will invest around QR1.27 trillion ($350 billion) in sustainable development over the next 15 years, said the organisers of the upcoming Project Qatar 2015, an international construction and building materials exhibition in Doha.

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2

YEMEN CONCERNS MOUNT
US sends more warships near Yemen

The US Navy has sent an aircraft carrier and a guided-missile cruiser into the waters near Yemen, officials said on Monday, heightening the US maritime security presence as concerns mount over Yemen's escalating conflict.

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3

ANALYSIS
Arab youth unsure if democracy could work in region

Confidence among Arab youth that the Arab Spring would bring positive change across the region is declining and as a result they are uncertain whether democracy could ever work in the Middle East, a report said.

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4

MONEY MATTERS
Some banks win, some lose in Dubai's ‘Islamic economy’

Dubai's drive to develop its Islamic finance sector is fuelling growth of sharia-compliant banking but the benefits are unevenly distributed, with some lenders struggling to compete against burgeoning competition.

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5

IMAGE OF THE DAY
Bahrain celebrates Hamilton win

His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, presenting the trophy to world champion Lewis Hamilton after he won the Gulf Air Bahrain Formula One Grand Prix.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Aldar unveils 3 big residential projects in Abu Dhabi

UAE-based Aldar Properties has launched three major residential developments offering 2,000 new homes in prime areas of the capital Abu Dhabi, including in investment zones where property can be purchased by non-UAE nationals.

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Retail & Wholesale

Magic Planet opens second outlet in Bahrain

Majid Al Futtaim, a leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (Mena), has reached an agreement to open its second Magic Planet outlet in Bahrain at Enma Mall.

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Energy, Oil & Gas

BP eyes record gas output from Oman field by 2017

British oil major BP expects to start natural gas production from Oman's Khazzan field by 2017 at a rate of 1 billion cubic feet (bcf) a day, a senior company executive said on Monday.

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Finance & Capital Market

Oman investment firms set for key merger

The boards of Oman National Investment Corporation Holding and Oman International Development and Investment Company (Ominvest) have approved a proposed merger between the pair, according to bourse filings from both firms on Monday.

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Analysis, Interviews, Opinions

Iran nuke deal prospects weighing on oil prices

Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices amid growing prospects of 1 million bpd of additional Iranian crude becoming available in 2016 or 2017, said experts.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Qatar Airways to boost ME, Europe service

Qatar Airways, national airline of Qatar, plans to increase the frequency of weekly flights to 10 of its most popular destinations throughout the Middle East and Europe.

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IT & Telecommunications

Bahrain’s TRA probes 'unfair' data roaming fees

Bahrain’s telecom watchdog has launched an investigation into 'unfair' data roaming charges levied by mobile phone operators, after some customers racked up bills totalling thousands of dinars while overseas.

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Lifestyle

BMW Middle East Q1 sales up 11pc

BMW Group Middle East said its sales rose 11 per cent in the first quarter of 2015 compared to the same period last year, with a total of 8,302 BMW and MINI vehicles delivered to customers in 12 Middle East markets.

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Health & Environment
Education, HR & Training

American University of Sharjah partners with Etisalat

The UAE’s leading telecom services provider Etisalat has signed a content distribution agreement with American University of Sharjah mainly to encourage and showcase young, university-level filmmakers and video journalists.

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Miscellaneous

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