Saturday 18 April 2015

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NEW ENERGY CITY
Dubai oil firm to invest $10bn in Philippines

Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion, the bulk of which will be spent on its ambitious energy city project, said a report.

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1

10MW PROJECTS
Iraq to build new solar, wind power stations

Iraq's electricity ministry has invited expressions of interest from major companies for the construction of three solar power stations and a wind power plant.

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2

RISKS ‘MORE BALANCED’
G20 upbeat on over global growth outlook

The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.

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3

FOCUS
Foreigners queue for opening of $500bn Saudi bourse

As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia's.

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4

SPOTLIGHT
Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

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5

IMAGE OF THE DAY
Hamilton wins F1 pole position

Formula One world champion Lewis Hamilton limbering up for qualifying with the fastest time in final Bahrain Grand Prix practice on Saturday. He beat Ferrari's Sebastian Vettel to clinch the F1 pole posistion.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain's twin tower project on track

The construction work at Juffair Heights, a freehold residential project being developed by Pegasus Real Estate in Bahrain, is in full swing and on schedule, said a report.

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Retail & Wholesale

Qatar's Aamal, German group in retail JV

Qatar-based Aamal Company said it has joined hands with German retail mall operator ECE Projektmanagement to set up a new company to manage its new shopping centres in the country.

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Energy, Oil & Gas

Iraq to build new solar, wind power stations

Iraq's electricity ministry has invited expressions of interest from major companies for the construction of three solar power stations and a wind power plant.

More…
Finance & Capital Market

G20 upbeat on over global growth outlook

The Group of 20 leading economies struck a hopeful tone on the outlook for global growth on Friday, even as officials fretted that Athens' inability to strike a deal with its lenders could upset Europe's tentative recovery.

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Analysis, Interviews, Opinions

Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

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Industry, Logistics & Shipping

Rolls-Royce wins $9.2bn order from Emirates

Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings.

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Travel, Tourism & Hospitality

Oman Air seals joint venture deal with Cargolux

Oman Air has signed a joint venture deal with leading European freight carrier Cargolux Airlines International to develop the Muscat airport as a logistics hub for air cargo between India, China, Africa, Europe and the US.

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IT & Telecommunications

SunGard to explore possible $10bn sale

Financial technology company SunGard Data Systems Inc is preparing to appoint financial advisers to explore a sale that could value it at as much as $10 billion, including debt, people familiar with the matter said on Friday.

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Lifestyle

BMW Middle East Q1 sales up 11pc

BMW Group Middle East said its sales rose 11 per cent in the first quarter of 2015 compared to the same period last year, with a total of 8,302 BMW and MINI vehicles delivered to customers in 12 Middle East markets.

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Motoring

F1 fever grips Bahrain, set for big race

The F1 fever has gripped Bahrain with the start of the much anticipated Gulf Air Bahrain Formula One Grand Prix at Bahrain International Circuit. Thousands of racing fans witnessed thrilling action both on and off the track.

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Health & Environment

Aldar to open top healthcare unit in Al Reem

Abu Dhabi-based Aldar Properties, a leading real estate firm, is set to bring world-class healthcare facilities to Al Reem Island in the UAE emirate with a 100,000-sq-ft day care centre.

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Media & Promotion

Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

More…
Miscellaneous

Coke to buy China drinks maker for $400m

Coca-Cola has agreed to buy the beverage business of China Culiangwang Beverages Holdings for $400.5 million including debt, to get a foothold in the fast growing multi-grain drinks category.

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