Monday 27 April 2015

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KINGDOM TO MAINTAIN SHARE
Saudi high oil output based on demand: minister

Saudi Arabia's high crude oil production policy is based on the status of global demand and the top oil exporter is keen to maintain its market share, the kingdom's deputy oil minister said on Monday.

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1

STRONG SHOW IN UAE, EUROPE
DP World volumes up 4.4pc to 15m TEUs

DP World Limited handled 15 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first quarter of 2015, with gross container volumes growing by 4.4 per cent.

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2

AFTERSHOCKS SPREAD FEAR
Nepal earthquake: Death toll passes 3,200

Thousands of desperate Nepalese huddled under tents and sought scarce food and medical supplies on Monday, two days after a massive quake killed more than 3,200 people and overwhelmed authorities struggled to cope with the disaster.

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3

SPOTLIGHT
Quake warnings of minutes, not hours, are possible

Nepal's record of earthquakes dates to at least the 13th century, with significant temblors striking every 75 years or so. And through all that time, people in the path of destruction have had no idea when the shaking would start.

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4

ANALYSIS
GCC consulting market expands by $1bn in 3 years

The GCC consulting market has expanded by more than $1 billion in just three years, an amount that is roughly equivalent to that of the entire consulting markets of mature European countries like Spain and Italy, a report said.

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5

IMAGE OF THE DAY
Saying YES to Abu Dhabi

India’s fifth largest private sector lender Yes Bank opened its first overseas representative office in Abu Dhabi, UAE, on April 26 in the presence of Sheikh Nahayan Mabarak Al Nahayan, Minister of Culture, Youth, and Social Development.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

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 the Yanbu region of the kingdom.

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Retail & Wholesale

Contracts worth $326m signed at DEAL

The Dubai Entertainment, Amusement and Leisure Show (DEAL) 2015 recorded more than Dh1.2 billion ($326.6 million) worth of signed contracts, said event organisers.

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Energy, Oil & Gas
Finance & Capital Market
Analysis, Interviews, Opinions

Quake warnings of minutes, not hours, are possible

Nepal's record of earthquakes dates to at least the 13th century, with significant temblors striking every 75 years or so. And through all that time, people in the path of destruction have had no idea when the shaking would start.

More…
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.

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Travel, Tourism & Hospitality

Saudi Arabia's hotel market booming

Saudi Arabia’s hospitality market can expect to witness high levels of new supply over the next three years as many of the previously delayed projects come to fruition, said a recent report.

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IT & Telecommunications

Low IT spend leaves ME firms open to cyber attacks

Middle East businesses are spending less than 1 per cent of their overall IT budgets on security, leaving them vulnerable to cyber attacks, said an industry expert.

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Lifestyle

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.

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Motoring

Dubai launches ‘Back off Radio’ for taxis

Dubai Roads and Transport Authority (RTA), in partnership with Arabian Radio Network (ARN) has created a device called ‘Back off Radio’, which will alert drivers when they are too close to the car in front.

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Health & Environment

Mediclinic to build new hospital in Dubai

Mediclinic Middle East, a leading private healthcare group, has announced plans to construct a new general hospital on a 500,000-sq-ft area at Umm Suqeim Road in Dubai, UAE.

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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.

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Education, HR & Training

Dubai varsity in deal to promote Spanish studies

The American University in Dubai (AUD) and the Spanish Government represented by the Ministry of Foreign Affairs and Cooperation have signed a deal to support Spanish studies pertaining to language, culture and literature at the university.

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Miscellaneous

Fighting escalates across Yemen, first air strikes on Sanaa

Air raids, naval shelling and ground fighting shook Yemen on Sunday in some of the most widespread combat since a Saudi-led alliance intervened last month against Iranian-allied Houthi militia who have seized wide areas of the country.

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