Monday 25 May 2015

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KEY EVENTS BOOST SPENDING
$3.45 trillion projects 'in pipeline in Mideast'

Around $3.45 trillion worth of projects are in the design, bid or construction stage until 2025 in the Middle East, with the World Expo 2020 in Dubai and Fifa World Cup in Qatar providing a boost to spending, a senior official has said.

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1

CHEAP OIL HITS BANKING
Adib eyes UAE expats as industry growth slows

Abu Dhabi Islamic Bank (Adib) will focus on winning more business in the United Arab Emirates' expatriate community this year as growth in the national banking sector slows, the bank’s chief executive said.

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2

CONTRACTS LIKELY SOON
Egypt approves Arabtec's 'million homes project'

Dubai-based Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt's assistant housing minister Khaled Abbas on Monday a day after media reports stated that the deal had fallen through.

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3

SPECIAL REPORT
Nepalis back at quake epicentre to rebuild stone by stone

Tens of thousands of Nepalis - including many of the more than 2.2 million living abroad - have returned to their villages to rebuild their homes stone by stone, after it was demolished by last month's deadly earthquake.

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4

SPECIAL REPORT
Simulated-driven learning: A new pedagogical approach

Simulations challenge students to analyse information and make critical decisions to solve a business problem enabling them to experiment with ideas and apply these concepts in real-life situations, said an industry expert.

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5

NEWS IN PICTURES
Honor is here...

The first Honor 6 Plus buyers in Dubai, UAE, received their phones from Chris Sun Baigoing, vice president of online sales, Huawei Consumer Group (above, left), as the phone became available in the region yesterday.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Egypt approves Arabtec's 'million homes project'

Dubai-based Arabtec has received Egyptian cabinet approval for a housing project to build a million homes, said Egypt's assistant housing minister Khaled Abbas on Monday a day after media reports stated that the deal had fallen through.

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Energy, Oil & Gas

Mitsubishi, Tepco win $2.5bn Qatar gas plant bid

Japan's Mitsubishi Corp and Tokyo Electric Power Co (Tepco) said on Monday they had won a contract to build a 300 billion yen ($2.5 billion) gas-fired power plant in Qatar, as Japan steps up investment in infrastructure in Asia.

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Finance & Capital Market

Trust Re Q1 net profit up 10pc to hit $8.7m

Trust Re, a reinsurance company based in Bahrain, reported profits of $ 8.7 million during the first quarter (Q1) of the year, up 10.1 per cent year-on-year from $ 7.9 million achieved in Q1 2014.

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Analysis, Interviews, Opinions

Simulated-driven learning: A new pedagogical approach

Simulations challenge students to analyse information and make critical decisions to solve a business problem enabling them to experiment with ideas and apply these concepts in real-life situations, said an industry expert.

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Industry, Logistics & Shipping

New ME cleaning technology event attracts global audience

The new Middle East Cleaning Technology Week aims at generating awareness of cleanliness and hygiene within the region and unite thought leaders, policy makers and investors across the world.

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Travel, Tourism & Hospitality

Abu Dhabi to launch golf tourism promotional push

TCA Abu Dhabi is looking to strengthen the region’s standing as a world-class golfing destination by targeting expanding golf markets in Europe, China, India and across the GCC as well as across the UAE.

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IT & Telecommunications

Global experts for Dubai smart data summit

A line-up of local and international speakers and panellists discussed the power of smart data and analytics on the inaugural day of the second Annual Smart Data Summit in Dubai, UAE today (May 25).

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Lifestyle

IWC, Asia Jewellers showcase Portofino collection in Bahrain

Swiss luxury watch manufacturer IWC Schaffhausen and its partner in Bahrain, Asia Jewellers, are jointly hosting an exhibition of the Portofino Midsize collection in Bahrain’s Moda Mall.

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Motoring

Kia’s all-new Sorento arrives in Middle East

Kia Middle East and Africa has announced the arrival of the third-generation Kia Sorento, an SUV offering a unique blend of style, practicality and technology, to the region.

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Media & Promotion

Mathematician John Nash killed in car crash

Mathematician John Nash, a Nobel Prize winner whose longtime struggle with mental illness inspired the movie "A Beautiful Mind", was killed in a car crash along with his wife in New Jersey, state police said on Sunday.

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Education, HR & Training

Dubai mJobs apps gets solid response

Dubai Smart Government said its mJobs app has received an overwhelming response from the people with 15,700 users having downloading it within three weeks of its launch.

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Miscellaneous

Alternatives to subsidy cuts urged in Bahrain

Alternatives to subsidy cuts must be found as Bahrain seeks to rein in public spending, a joint meeting of MPs and Shura Council members announced yesterday (May 24).

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