Tuesday 28 April 2015

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COAL, GAS EQUITY INTERESTS
Dubal Holding mulls buying stakes in energy projects

Dubal Holding, the holding company for Dubai's stake in Emirates Global Aluminium and other assets, is considering possible acquisitions in local and international energy projects, it said on Monday.

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1

DEATH TOLL TOPS 3,700
Nepal scrambles to organise relief, many flee capital

Nepalese officials scrambled on Monday to get aid from the main airport to people left homeless and hungry by a devastating earthquake two days earlier, while thousands tired of waiting fled the capital Kathmandu for the surrounding plains.

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2

VILLA LEASE RATES DOWN
Strong dollar erodes Dubai residential sale prices

The strong US dollar continued to hit Dubai property prices during the first quarter of the year, but apartment transaction volumes remain resilient, said an industry expert, adding that the market downturn is drawing selective investment.

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3

MONEY MATTERS
Abu Dhabi rolls out red carpet for market makers

The two main stock exchanges in the UAE are trying to attract market makers but some industry professionals say Abu Dhabi is offering more generous financial terms and more liberal rules than Dubai, suggesting it may have more success.

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4

ANALYSIS
Mobile apps—the new face of business

If companies cannot provide customers with a mobile app experience that accurately reflects the values of their brand, they risk seeing their competition pull ahead with a more convincing mobile offering, says new research from Oracle.

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5

IMAGE OF THE DAY
Saying YES to Abu Dhabi

India’s fifth largest private sector lender Yes Bank opened its first overseas representative office in Abu Dhabi, UAE, on April 26 in the presence of Sheikh Nahayan Mabarak Al Nahayan, Minister of Culture, Youth, and Social Development.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Meraas, Bulgari to launch luxury project in Dubai

Meraas, a Dubai-based holding company, has joined hands with top luxury brand Bulgari to launch a first-of-its-kind master development, comprising 165 apartments, eight penthouses and 15 mansions, on a private island off Jumeirah in Dubai.

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Retail & Wholesale

Al Meera posts record $11.8m Q1 net profit

Qatar-based Al Meera Consumer Goods Company has posted a record net profit of QR43.1 million ($11.8 million) for the first quarter of 2015 as compared to QR39.2 million for the same period in 2014, marking an increase of 10 per cent.

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Energy, Oil & Gas

India seeks first cut in LNG imports under Qatar deal

India is in talks with Qatar to import at least 10 percent less liquefied natural gas (LNG) under a long-term deal after a slide in spot prices has cut demand by local buyers, an Indian government source said.

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Finance & Capital Market


Itqan, Mubasher to set up sharia-compliant brokerage firm


Itqan Capital, a Saudi Arabia-based investment company, and Mubasher Financial Services, a leading financial institution in the Middle East, have signed a deal to establish a sharia-compliant global brokerage company.

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Analysis, Interviews, Opinions

Quake warnings of minutes, not hours, are possible

Nepal's record of earthquakes dates to at least the 13th century, with significant temblors striking every 75 years or so. And through all that time, people in the path of destruction have had no idea when the shaking would start.

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Industry, Logistics & Shipping

DP World volumes up 4.4pc to 15m TEUs

DP World Limited handled 15 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first quarter of 2015, with gross container volumes growing by 4.4 per cent.

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Travel, Tourism & Hospitality
IT & Telecommunications

Ooredoo Kuwait net profit plunges 89pc

Ooredoo Kuwait, the country's No.3 telecoms operator by subscribers, blamed foreign-exchange losses from its Tunisia and Algeria operations as it posted an 89 per cent fall in first-quarter profit that extended a lengthy earnings slump.

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Lifestyle

Living UAE’s ‘high life’ could leave expats hard up

The lavish lifestyle options offered by Dubai and Abu Dhabi and the “upgrade” culture in the UAE could lead many expatriates to end up spending far more money than they initially budgeted for, said a financial expert.

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Motoring

Dubai launches ‘Back off Radio’ for taxis

Dubai Roads and Transport Authority (RTA), in partnership with Arabian Radio Network (ARN) has created a device called ‘Back off Radio’, which will alert drivers when they are too close to the car in front.

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Health & Environment

DHA launches Rashid Medical Library app

The Dubai Health Authority (DHA) has launched a smart Rashid Medical Library application which will provide all medical staff with access to a huge number of medical e-books, journals, health data bases and reference materials.

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Media & Promotion

First Emirati artist aims to enter Bollywood

Adel Farooq, a natural actor who sings fluently in Hindi and Urdu aims to be the first Emirati artist to be become part of Bollywood, the Hindi-language film industry in India.

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Miscellaneous

Agthia posts $16m Q1 net profit, up 22pc

UAE-based Agthia Group, a top F&B company, has posted a net profit of Dh59.2 million ($16.1 million) for the first quarter of 2015, up 22 per cent from the same period in 2014 due to higher sales, improved margins and controlled overheads.

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