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TOP FASHION HOUSE TARGET
Qatar Holding, Italy fund eye Versace
Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore newspaper said.
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‘NO EYE ON IRAN’
Gulf naval drill highlights mine risk to shipping
A major international naval drill being conducted in the Gulf has highlighted real concerns about the potential risk to global shipping from mines planted at sea, a report said.
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HOUSING, UTILITY COSTS FALL
UAE April inflation eases to 0.9pc y/y
The consumer prices in the UAE slowed to 0.9 per cent year-on-year due to a drop in the housing and utility costs compared to the previous month, the data from the National Bureau of Statistics showed.
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ANALYSIS
Change looms for Ethiopia's ancient salt trade
For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.
4
OPINION
EOR 'will anchor oil prices below $100'
Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 power plants, at a price of just $85 per barrel, according to an estimate.
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IMAGE OF THE DAY
Merci, Paris
Paris Saint-Germain players throw David Beckham in the air at the end of their team's French Ligue 1 soccer match against Brest at the Parc des Princes stadium in Paris. Ex-England skipper Beckham will retire at the end of the season.
Top Trade News
 | Industry Sectors |
DWC to build new agent warehouses
Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has unveiled big development plans at its upcoming Logistics District, including the start of the construction on the fourth complex of agent warehouses.
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D’damas opens new outlet in India
D’damas, a joint venture between leading jewellers Gitanjali Group and Dubai-based Damas, has announced the launch of its 4,000 sq ft store at Lucknow, the capital of north Indian state of Uttar Pradesh.
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European oil price investigation widens
The European Commission investigation into possible oil price manipulation extended beyond three major companies to a smaller niche trading house, while a Finnish refinery said it had been asked for information.
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Qatar Holding, Italy fund eye Versace
Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore newspaper said.
More…
Change looms for Ethiopia's ancient salt trade
For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.
More…
Dutch shipyard to build 14 terminal tugs for KOC
Dutch-based Damen Shipyards Group has launched the construction phase of 14 Damen ASD tugs for Kuwait Oil Company (KOC), with deliveries scheduled from 2014 onwards.
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Boeing delivers 777-300 jetliner to Saudia
Boeing has announced the delivery of a 777-300ER (Extended Range) jetliner to Saudia, marking the latest milestone in its longstanding relationship with the Saudi national carrier and the Kingdom.
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Mobily partners with PCCW Global
Mobily, the second largest telecoms company in Saudi Arabia, said its subsidiary Bayanat Al Oula has signed a co-operation agreement with PCCW Global to enhance its business opportunities.
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Saudi says hackers sabotage govt websites
Several government websites in Saudi Arabia were sabotaged in a series of heavy cyber attacks from abroad in recent days, disabling them briefly until the attacks were repelled, the government said.
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New Jaguar F-TYPE makes UAE debut
UAE-based Al Tayer Motors has launched Jaguar F-TYPE, the new all-Aluminium two-seater convertible sports car from the leading luxury automotive manufacturer Jaguar and Land Rover.
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Bahrain, Saudi hospitals in transplant tie-up
Bahrain’s Salmaniya Medical Complex (SMC) is tying up with the King Fahad Hospital in Saudi Arabia to create a cross-border transplant programme for patients needing a new kidney, liver or pancreas.
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Emirates inks PSG shirt sponsorship deal
Dubai airline Emirates said it has extended its shirt sponsorship deal with French league champions Paris St Germain (PSG) for another five years.
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Oman Air to invest heavily in staff training
Oman Air, the national carrier of the Sultanate, has committed RO2 million ($5.17 million) to staff training in 2013, having already invested more than RO3.3 million over the previous two years.
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Home security sales surging in Bahrain
Unrest on the streets of Bahrain has sparked a surge in sales of home security and surveillance systems, a report said.
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