Thursday 31 July 2014

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MORTGAGE CAP WEIGHS
Dubai luxury home prices growth tops global average

Dubai has got the status of the best performing luxury property market in the Mideast, while its 6.3 per cent annual price growth of luxury homes is better than the global average recorded during the first half of the year, a report said.

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1

GLOBAL ALARM OVER DEATHS
Gaza toll soars as Israel nears end of tunnel hunt

Israel pressed ahead with its Gaza offensive saying it was days from achieving its core goal of destroying all Islamist guerrilla cross-border attack tunnels, but a soaring Palestinian civilian toll has triggered international alarm.

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2

FDI BOOST SEEN
Mideast funds bullish on Saudi, bearish on UAE

Middle East funds are heavily bullish towards Saudi Arabian stocks after news the market will open to direct foreign investment, while they are bearish on the United Arab Emirates because of concern about high valuations.

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3

SPECIAL REPORT
Data, tech jobs shine as the Internet of Things take off

STEM-related online work takes off as start-ups embrace the Internet of Things, while all things 3D soar on the back of 3D printing advances and SMEs are trusting freelancers with their finances and corporate identity, a report said.

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4

MARKET TALK
Twitter's surge revives valuation debate

The surge in Twitter's stock has revived debate about whether it warrants a valuation five times that of Facebook, its biggest rival in social media.

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5

IMAGE OF THE DAY
‘Unhealthiest meal’

A meal of a "Monster"-sized Peppercorn burger, Bottomless Steak Fries, and Monster Caramel Milkshake is seen at a restaurant in a US city on July 30. The dish, with 3,540 calories, was named the single unhealthiest meal by a science centre.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

OHL to sue Qatar Foundation over Sidra project

Spanish contractor Obrascón Huarte Lain (OHL) is planning legal action against Qatar Foundation, a leading education and cultural organisation in the country, related to a major project, reports said.

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Retail & Wholesale

Qatar Foundation, Lulu in online shopping deal

Qatar Foundation (QF) and major retailer Lulu Group International have signed a memorandum of understanding (MoU) to establish an online shopping portal for Qatar Foundation community members.

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Energy, Oil & Gas

Cannot seize Kurdish crude for now: US court

The dispute over a tanker carrying $100 million in Iraqi Kurdish oil took a surprising turn on Tuesday when a US judge said she lacked jurisdiction given the ship's distance from the Texas shore and urged that the case be settled in Iraq.

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Finance & Capital Market

Saudi FDI opening ‘may slow down IPOs’

Saudi Arabia's decision to open its stock market (Tadawul) to foreign direct investment (FDI)could curb initial public offerings (IPOs) in the kingdom, a report said.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

US firm to provide Sadara security vehicle

Global Digital Solutions (GDSI) plans to ship a high-end, mobile command and control vehicle to Sadara, a petrochemical joint venture between Dow Chemical and Saudi Aramco.

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Travel, Tourism & Hospitality

UN agency to form airline safety task force

The UN's civil aviation body said it would quickly form a task force on airline safety, noting that while this was complex and politically sensitive, urgent action had to be taken after the recent downing of a Malaysian airliner.

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IT & Telecommunications

Du completes 800MHz trial; to offer new experience

Du, a leading telecommunications service provider in the UAE, has announced a milestone with the successful field test for LTE-A carrier aggregation between the 800MHz band and the 1800MHz band.

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Government & Laws

'Some Bahrain firms seizing worker IDs'

A worrying new trend has emerged of unscrupulous employers confiscating all their workers' identity documents in Bahrain, according to a noted rights activist.

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Motoring

Bahrain dealer holds Jaguar Land Rover show

Euro Motors, the exclusive dealer for luxury automotive manufacturer Jaguar Land Rover in Bahrain, is showcasing a wide range of its luxury vehicles at the City Centre Bahrain, a major shopping and leisure destination.

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Health & Environment

WHO shocked by hits on health services in Gaza

The World Health Organization (WHO) has been appalled by the continuing trend for healthcare facilities, staff and vehicles to come under direct fire in Gaza since the escalation of violence on July 8.

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Media & Promotion

Twitter's user growth up 24pc in Q2

Twitter's monthly active users rose a better-than-expected 24 percent in the second quarter as the online messaging service mostly succeeded in stemming a dwindling pace of growth, sending its shares soaring after hours.

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Education, HR & Training

Gulf Capital invests in school operator

Gulf Capital, a regional alternative investment firm, has announced the completion of an investment in private school operator Evolvence Knowledge Investments (EKI) through Gulf Credit Partners, its regional fund.

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Miscellaneous
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