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32-km GOLD LINE UNDERGROUND
Greek-led group wins $4.4bn Qatar subway deal
Greece's biggest construction group Ellaktor said it has signed a 3.2 billion euro ($4.4 billion) contract to build a subway line in Qatar.
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PORTS TO STAY CLOSED
Implement deal, Libya rebels tell govt
A rebel group in eastern Libya that controls several oil ports said it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade.
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FIRM SEEKING BETTER TERMS
Dubai's DP World in talks for $3bn loan
Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take advantage of the renewed confidence in the emirate.
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INSIGHT
Giant Nile dam will make Ethiopia a power hub
Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub.
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INSIGHT
New Egypt law to lure investors may feed corruption
A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.
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IMAGE OF THE DAY
Polar play
A polar bear cub (L) plays with its mother Uslada at the Leningrad Zoo in St. Petersburg, Russia. The four-month old polar bear cub, who made its first public appearance on Thursday , is yet to be named.
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Greek-led group wins $4.4bn Qatar subway deal
Greece's biggest construction group Ellaktor said it has signed a 3.2 billion euro ($4.4 billion) contract to build a subway line in Qatar.
More…
Toshiba unveils new touchscreen ultrabook
Toshiba Gulf has launched its new 13.3-inch touchscreen Ultrabook at the ongoing Gitex, a leading consumer electronics show in Dubai.
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Implement deal, Libya rebels tell govt
A rebel group in eastern Libya that controls several oil ports said it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade.
More…
Emirates NBD profits surge 25pc
Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts.
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Giant Nile dam will make Ethiopia a power hub
Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub.
More…
Dubai's DP World in talks for $3bn loan
Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take advantage of the renewed confidence in the emirate.
More…
Virgin Australia plane in 'hijack' drama
The pilot of a Virgin Australia plane flying from Brisbane to the Indonesian holiday island of Bali reported a hijacking attempt on Friday after a passenger tried to enter the cockpit, an Indonesian transport official said.
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Net must stay free says global conference
Big Internet companies were the clear winners at a global conference hosted by Brazil on the future management of the Web where most participants agreed it should remain a self-regulated space free of government intervention.
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Kuwait MPs seek to question prime minister
Three Kuwaiti lawmakers filed a request on Thursday to question the prime minister in parliament over housing and rising rents, in a sign of renewed political tensions in the country.
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Renault Saudi launches 2015 Duster
Renault Saudi Arabia has launched the 2015 year model Renault Duster SE, one of its worldwide best-selling models which offers the latest in terms of appearance, performance, comfort, safety and entertainment.
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Warning: GCC 'facing major water crisis'
Gulf countries are facing a huge potential water crisis, an expert said, urging a unified GCC water strategy and pumping more investment into this vital sector.
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Saudi to regulate homegrown YouTube shows
Saudi Arabia plans to regulate local companies that screen shows on YouTube, a senior official was quoted as saying in local media - a move that could stifle its nascent creative industries.
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Thomson Reuters in deal with Saudi Digital Library
Thomson Reuters, a leading source of intelligent information, has signed an agreement with the Saudi Digital Library to support the transformation of the Kingdom to a knowledge-based economy.
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Decision on stadiums in March 2015: Qatar
Qatar World Cup 2022 organising committee has clarified that the final number of stadiums that will host the 2022 Fifa World Cup will be decided in March 2015.
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