Saturday 18 April 2015

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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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1

MIDEAST TENSIONS WEIGH
Oil off 2015 peaks, but jumps 9.6pc on the week

Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 per cent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower US production lifted prices.

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2

IMMEDIATE CEASEFIRE CALLED
Iran submits four-point Yemen peace plan to UN

Iran's foreign minister on Friday submitted a letter to UN Secretary-General Ban Ki-moon outlining a four-point peace plan for Yemen, where Iranian-backed Houthi rebels have been targeted for three weeks by Saudi-led air strikes.

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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

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

NEWS IN PICTURES
Time capsule in mall

Majid Al Futtaim, the leading shopping mall, retail and leisure group, today welcomed students from Bradenton Preparatory School in Dubai, UAE, to the creation and burial of a time capsule on the site of the City Centre Me’aisem mall.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Microsoft unveils touch-friendly Office apps

Microsoft Corp has unveiled a suite of touch-friendly Office apps that allow Windows phone users to work on Word, PowerPoint and Excel documents on their phones with touch commands and to transfer them easily between devices.

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Energy, Oil & Gas
Finance & Capital Market

Customer deposits surge at Oman Islamic banks

Oman's two full-fledged Islamic banks have yet to post a profit but their customer deposits are surging, increasing pressure on authorities to develop sharia-compliant money market tools and make a long-awaited issue of Islamic bonds.

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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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IT & Telecommunications

SSL encryption boosts security in ME organisations

Secure Sockets Layer (SSL) encryption is a double-edged sword for many organisations in the Middle East, as it bolsters security by providing confidentiality and message integrity, according to an expert.

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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

Bahrain gears up for Grand Prix weekend

One of the most action-packed weekends in the country's calendar begins today (April 17) as the Formula One Gulf Air Bahrain Grand Prix gets underway.

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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

Ooredoo launches 'Fans Do Wonders' campaign with PSG

Ooredoo today announced that it will launch a new global communication campaign with Paris Saint-Germain (PSG), as the company looks to deploy the power of football to inspire the next generation.

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Miscellaneous

Saudi in deal to buy stake in Canadian grain firm

Saudi Arabia's state-owned agricultural investment firm and US grain trader Bunge Ltd will buy a controlling stake in Canadian grain handler CWB in a bold move by the Gulf state to secure food supplies.

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