Tuesday 3 March 2015

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CAPACITY JUMPS 18pc
ME carriers record strongest freight growth in Jan

Middle Eastern carriers continue to post the strongest growth in freight, a report said, adding that their FTKs (freight-tonne-kilometres) expanded 9.2 per cent in January as compared to same month in 2013.

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1

UAE ACTIVITY GROWTH SLOWS
King's spending boosts Saudi non-oil business growth

Growth in Saudi Arabia's non-oil private sector accelerated to a four-month high in February as lavish handouts to citizens by the new king buoyed the economy despite the plunge in oil prices, a survey of businesses showed on Tuesday.

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2

NUMBERS UP 5.6pc
Dubai's hotels welcome 11.6m guests

UAE emirate Dubai is continuing to maintain growth at a sustainable level as its hotel establishments welcomed more than 11 million guests in 2014, registering a 5.6 per cent increase on 2013’s total.

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3

ANALYSIS
Oil plunge slows deposit growth at Gulf banks

Low oil prices are slowing or reversing deposit growth at Gulf Arab banks, but not enough to cause the liquidity squeeze that bankers fear, says Moody's Investors Service.

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4

ANALYSIS
Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

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5

IMAGE OF THE DAY
Self-driving car ... miles away?

The Rinspeed Budii self-driving city car interior is seen during the first press day ahead of the 85th International Motor Show in Geneva on March 3.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Egypt to build 200-m-high pyramid skyscraper

Egypt has announced plans to build a 200-m-high pyramid skyscraper, Zayed Crystal Spark, on a sprawling 798,000 sq m area in the Giza Governorate through a public/private partnership, said a report.

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Retail & Wholesale

UAE firms eye Hong Kong fairs for sourcing

Seven upcoming trade fairs in Hong Kong present tremendous opportunities for enterprises from the UAE to source quality products under one roof and make alliances and business contacts for expansion, said event organisers.

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Energy, Oil & Gas

Oman pumps $380m into power projects

Oman has spent a total of RO147 million ($380.4 million) for the implementation of electricity projects in the rural areas of the sultanate in 2014, said a report.

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Finance & Capital Market

Flat hydrocarbon growth to limit GCC economy

The GCC will see a real GDP growth of 2.8 per cent in 2015, slowing from 4 per cent in 2014 on account of flattish hydrocarbon production and softer non-hydrocarbon sector activity, a report said.

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Analysis, Interviews, Opinions

Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

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Industry, Logistics & Shipping

SMEs ‘need more support from banks’

The importance of increased support towards small and medium enterprises (SMEs) by banks and other financial institution in the UAE, was highlighted by a top professional from BR Communications, a Dubai-based consultancy.

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Travel, Tourism & Hospitality

Dubai's hotels welcome 11.6m guests

UAE emirate Dubai is continuing to maintain growth at a sustainable level as its hotel establishments welcomed more than 11 million guests in 2014, registering a 5.6 per cent increase on 2013’s total.

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IT & Telecommunications

New Visa-Samsung service to enable secure mobile payments

Consumers in the US will be able to make secure Visa payments with Samsung Pay, the firm’s new payment service scheduled to launch this summer with the new Samsung Galaxy S6.

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Lifestyle

Montblanc unveils new Bohème jewellery collection

Montblanc has launched a collection of jewellery that highlights the various facets of distinctive beauty, refined feminine elegance and striking personality of the contemporary woman with her own, unique sense of style.

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Motoring

Nissan’s Patrol Pick-up upgraded

Nissan Patrol Pick-up, the four-wheel drive vehicle manufactured by Nissan, has been put through a host of rigorous testing procedures in Saudi Arabia and UAE, resulting in various model improvements to the vehicle.

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Health & Environment

11 Apollo surgeons separate conjoined twins in Dubai

A pair of Tanzanian twins, who were born conjoined were successfully separated after a nine-hour long operation with minimal blood loss by 11 surgeons from Apollo Hospitals in Dubai, UAE.

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Media & Promotion

100 global experts for Doha filmmakers event

More than one hundred leading film industry professionals are expected to participate in the first edition of Qumra, a new event dedicated to the development of emerging filmmakers from Qatar and around the world.

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Miscellaneous

Bahrain eGov forum names international speakers

The Bahrain International eGovernment Forum 2015 organising committee has announced the names of internationally renowned keynote speakers who will take part in this year's forum.

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