Monday 14 July 2014

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100 ORDERS LIKELY
Airbus unveils revamp of A330 passenger jet

European planemaker Airbus kicked off the Farnborough Airshow on Monday with confirmation it would sell revamped versions of its A330 wide-body jet powered by Rolls-Royce Trent 7000 engines and offering 14 percent fuel savings.

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1

PRIVATE HEALTHCARE
Abraaj acquires majority stake in Tunisian hospital

The Abraaj Group, a leading investor operating in global growth markets, has acquired a majority stake in Polyclinique Taoufik, a leading private hospital in Tunisia, through its funds.

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2

7 KILLED; FLIGHTS HALTED
Fighting continues near Tripoli airport

Heavy fighting broke out between rival militias vying for control of Libya's main airport on Sunday, killing at least seven people and forcing a halt of all flights in the worst fighting in the capital for six months.

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3

ANALYSIS
As some assets take a hit, investors fear worse is to come

World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.

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4

SPOTLIGHT
Mideast HNW business owners focus on growth

Growing their business remains the primary and dominant goal for High Net Worth (HNW) business owners in the Middle East, according to a new study.

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5

IMAGE OF THE DAY
Gaza's child

Four-year-old Palestinian girl Shayma Al-Masri, who was wounded in an Israeli air strike that killed her mother and two of her siblings, lies on a bed next to her doll as she receives treatment at a hospital in Gaza City.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Drake & Scull gets nod for investor plan

Dubai construction firm Drake & Scull said on Monday that its shareholders had approved issuing a convertible bond worth 55 million dirhams ($15 million) to allow a strategic investor to buy into the company.

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Retail & Wholesale

Visa, Borderfree deal brings top US brands to Mena

Visa, a leading retail electronic payments network, has partnered with Borderfree, a leader in cross-border e-commerce, to offer customers in the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Jordan special promotions from US retailers.

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Energy, Oil & Gas

Oman Gas plans network expansion drive

Oman Gas Company (OGC) has studied a range of important initiatives to expand its countrywide network and contribute to the maximisation of the value of the Sultanate’s gas resources, said a report.

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Finance & Capital Market

DGCX crosses 5m contracts in H1

Dubai Gold and Commodities Exchange (DGCX) has registered more than 5.75 million contracts in the first half of the year, with a value of more than $172 billion.

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Analysis, Interviews, Opinions

As some assets take a hit, investors fear worse is to come

World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.

More…
Industry, Logistics & Shipping

3 firms to set up industrial units at KAEC

King Abdullah Economic City has signed contracts with new three manufacturing companies that are investing in the city's Industrial Valley to take advantage of the opportunities offered by the booming Saudi market.

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Travel, Tourism & Hospitality

Etihad to fly San Francisco from Nov 18

Etihad Airways, the national airline of the UAE, will expand its US network with the launch of a daily service to San Francisco on November 18.

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IT & Telecommunications

Mobily doubles data volume for new subscribers

Saudi Arabia-based telecom operator Mobily has doubled the volume of data to become 20GB for the new subscribers in Connect 4G 10GB package, on the occasion of the holy month of Ramadan.

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Motoring

New coasting system to save fuel on Mideast roads

A breakthrough in green automotive engineering allowing motorists to cruise for a third of every journey without using fuel, will soon become as common in cars on Middle East roads, said an industry expert.

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Media & Promotion

Man United wins record $1.3 billion Adidas deal

Manchester United have agreed a record 750 million pounds ($1.3 billion) deal with Adidas AG for the German sportswear company to supply shirts and kit to the former English soccer champions.

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Education, HR & Training

Sedco’s Riyali Program to train 30,000 students

Sedco Holding Group’s Riyali Financial Literacy Program has recently signed partnership agreements to provide training workshops for university students, as well as elementary and secondary school students.

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Miscellaneous

Syria struggles to seal deal to sell wheat to Iraq

Private Iraqi grain traders have not been able get trucks across the Syrian border to complete a deal, first agreed in June, to buy 200,000 tonnes of wheat from Syria's state grain body due to conflict raging in both countries.

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