Sunday 26 April 2015


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.



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.



Nepal steps up rescue efforts as quake toll tops 1,800

Nepal ramped up efforts on Sunday to rescue people trapped in the rubble of collapsed buildings after an earthquake devastated the heavily crowded Kathmandu valley, killing at least 1,800, and triggered a deadly avalanche on Mount Everest.



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.



Ocean output seen at $2.5trn a year, but sinking fast

Economic output by the world's oceans is worth $2.5 trillion a year, rivalling nations such as Britain or Brazil, but marine wealth is sinking fast because of over-fishing, pollution and climate change, a study said on Thursday.



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.


Top Trade News


Industry Sectors

Construction & Real Estate

Abu Dhabi property prices stable in Q1

The property prices in Abu Dhabi, UAE, remained relatively stable in the first quarter of 2015 even as there was a significant demand for affordable residential units, said a report.

Retail & Wholesale

Bahrain Duty Free, MasterCard launch special offer

Bahrain Duty Free, the kingdom's airport retailer, is offering all the shoppers who use their MasterCard credit cards at its outlets a shopping voucher with a value of up to 15 per cent of their purchase amounts.

Energy, Oil & Gas

Oil at 4-1/2 month high as Yemen fighting continues

Oil prices diverged on Friday, with Brent hitting 4-1/2-month highs on continued fighting in Yemen as US crude fell on concerns of another upcoming stock build, though both benchmarks headed toward weekly gains.

Finance & Capital Market

UAE inflation surges to six-year high in March

The inflation in the UAE hit a nearly six-year high of 4.3 per cent on an annual basis in March due to a spurt in the housing and utility costs, according to a report.

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.

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.

Travel, Tourism & Hospitality

WTM Latin America draws record visitors, exhibitors

World Travel Market Latin America 2015 ended on an incredible high attracting almost 1,300 exhibitors to the three-day event besides record number of visitors and top buyers from around the world.

IT & Telecommunications

Zain Iraq applies for Baghdad share listing

Zain Iraq, the country's biggest mobile phone network operator by subscribers, has applied for a listing on Baghdad's stock exchange, parent firm Zain told Reuters, taking the first step in a long-delayed plan to go public.


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.


Renault global sales surge 13.7pc in Q1

Renault’s sales jumped 13.7 per cent to 9.39 billion euros ($10.14 billion) in January-March, with a recovery in Europe's long-suffering autos market more than making up for a collapse in Russian demand and weak emerging economies.

Health & Environment

Dewa, BMW plan to boost environmental sustainability

Dubai Electricity and Water Authority (Dewa) discussed joint co-operation and programmes that can boost sustainability and increase the level of environmental awareness with the BMW Group at the recently concluded Wetex 2015 in Dubai, UAE.

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.

Education, HR & Training

Bahrain mulls legalising 'free visa' labour

A study is being carried out to assess the feasibility of legalising the status of tens of thousands of foreign nationals working illegally in Bahrain, said a report.


More fighting, air strikes in Yemen, death toll tops 550

Fighting between Yemen's warring factions raged in southern and central parts of the country and air strikes hit Houthi militia forces in Aden on Friday, but there were no fresh moves toward dialogue.


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