Tuesday 23 September 2014

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PLANT OPERATIONS BY 2017-END
UAE to spend $3bn on first alumina refinery

State-owned Emirates Global Aluminium plans to spend $3 billion to build the UAE's first alumina refinery in Abu Dhabi, chief executive Abdulla Kalban said on Tuesday.

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1

INVESTMENTS TO REACH $20bn
Gulf aluminium production to hit 5m tonnes by 2015

The volume of aluminium production in the Gulf region is expected to increase to five million tonnes by 2015, accounting for 17.5 per cent of the total global output, compared with 3.7 million tonnes in 2012.

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2

ATTACKS LAUNCHED FROM WARSHIPS
Gulf states 'partner' US in strikes against militants in Syria

The US military said on Tuesday its partners in air strikes against Islamic State militants in Syria included Jordan, Bahrain, Saudi Arabia, Qatar and the UAE.

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3

FOCUS
Security, rivals delay mobile newcomers' entry in Saudi

State security requirements and a lack of cooperation from Saudi Arabia's existing telecom operators have delayed the launch of two new mobile companies until later this year, their chief executives said.

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4

SPOTLIGHT
ME investors to pour $180bn into global real estate market

Middle Eastern investors are set to spend $180 billion in global commercial real estate markets in the next 10 years, according to leading real estate consulting firm CBRE’s recent report.

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5

IMAGE OF THE DAY
Fleeing the IS onslaught

A young Syrian Kurdish refugee boy carries an infant after crossing the Syrian-Turkish border on September 23. More than 130,000 Syrian Kurds fleeing an advance by Islamic State militants have crossed into Turkey in the past three days.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Mideast investors to spend $180bn in global real estate markets

Middle Eastern investors are set to spend $180 billion in global commercial real estate markets in the next 10 years, according to leading real estate consulting firm CBRE’s recent report.

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Retail & Wholesale

Jacky’s Electronics to impress at Gitex Shopper

Gulf Information Technology Exhibition (Gitex) Shopper 2014 will have Jacky’s Electronics’ biggest participation with an exhibition stand to be spread over 1,250 sq m, providing easy access to the product displays and sales counters.

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Energy, Oil & Gas
Finance & Capital Market

Jordan backs Arab Bank after Hamas case

Jordan's central bank said it backed Arab Bank was confident in its ability to defend itself against a US ruling which found the country's top lender liable for financing Islamic militant group Hamas.

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Analysis, Interviews, Opinions

Islamic banking: The three keys to new growth

Islamic banks need to establish first class enterprise risk management frameworks and enhance customer experience through multi-channel access as well as keep building relationships with regulators for new growth, a report said.

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Industry, Logistics & Shipping

Sabic’s Lexan resin used in Indian, Brazilian rails

Saudi Basic Industries Corporation’s (Sabic) Lexan resin is being used by an Indian rail coach manufacturer to produce seating for Mumbai’s heavily-utilised railway system more efficiently.

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Travel, Tourism & Hospitality

Flydubai to boost Tanzania operations

Dubai-based budget carrier flydubai has announced plans to launch flights to three cities in the east African nation of Tanzania including its capital Dar es Salaam starting from next month.

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IT & Telecommunications

Security, rivals delay mobile newcomers' entry in Saudi Arabia

State security requirements and a lack of cooperation from Saudi Arabia's existing telecom operators have delayed the launch of two new mobile companies until later this year, their chief executives said.

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Motoring

Hitachi, Clarion in deal to develop connected cars

Hitachi Data Systems Corporation (HDS) has partnered with Clarion Corporation of America to jointly research and develop new data-driven solutions for deployment in the next generation of Clarion in-vehicle connectivity products.

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Health & Environment

Canada top medical tourism destination

The International Healthcare Research Centre (IHRC) has ranked Canada, the UK, Israel, Singapore and Costa Rica as the most attractive destinations for medical tourism in 2014.

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Media & Promotion

Facebook to launch new advertising platform

Facebook is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter.

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Education, HR & Training

80 Emirati job opportunities in the ports sector

Abu Dhabi Ports Company and Abu Dhabi Terminals have invited young Emirati nationals to a recruitment event on September 30 at the Shangri-La Hotel, Abu Dhabi, UAE, as part of their ongoing commitment to empowering UAE nationals.

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Miscellaneous

Big Boys Toys to showcase unique products

Big Boys Toys (BBT) 2014, Dubai’s premier lifestyle event featuring the most unique and luxurious products, will give visitors a chance to race and compete using some of the latest and fastest remote-controlled miniature cars.

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