Thursday 5 March 2015

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BID TO REASSURE GULF
No 'grand bargain' with Iran: Kerry

US Secretary of State John Kerry reassured Gulf states that Washington was not seeking a "grand bargain" with Iran, in reference to wider political and security cooperation, and said a nuclear deal with Tehran would be in Gulf interests.

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1

CONTANGO MARKET EYED
Fujairah oil storage capacity may rise 75pc

Oil storage capacity in the United Arab Emirates port of Fujairah is expected to rise 6 million cu m (mcm) by 2020 to around 14 mcm, a senior port official told Reuters on Thursday.

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2

THREE COUNTRIES IN TOP 10
GCC dominates global luxury spending index

Qatar, Saudi Arabia and Kuwait ranked in the top 10 of a global luxury index, performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel, a report said.

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3

SPECIAL REPORT
Aliens? Russian thieves? MH370 theories linger

A year on from the disappearance of Malaysia Airlines Flight MH370, an extraordinary amount of key data remains unknown - fuelling conspiracy theories and heated online debate about one of aviation's biggest mysteries.

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4

SPECIAL REPORT
One billion new unique mobile subscribers by 2020

An additional one billion people will become mobile subscribers over the next five years, according to a major new report published today (March 4) at the ongoing Mobile World Congress in Barcelona, Spain.

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5

IMAGE OF THE DAY
War games

Smoke rises from oil wells east of the Iraq city of Tikrit on March 4. Islamic State militants set fire to oil wells to try to hinder aerial attacks aimed at driving them from the oilfield, a witness and military source said.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

6 new museum projects planned in Bahrain

Six new museums are among major projects planned by the Bahrain Authority for Culture and Antiquities, its president Shaikha Mai bint Mohammed Al Khalifa has said.

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Retail & Wholesale

Apple to delay larger iPad production till Sept

Apple Inc will delay the start of production on a larger, 12.9-inch iPad until around September because of problems involving the display panel supply, said a report by Bloomberg News.

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Energy, Oil & Gas

Bapco, EMC sign deal for centralised backup environment

Bahrain Petroleum Company (Bapco) and EMC have signed an agreement under which the refining major gets a centralised, tapeless backup environment using EMC's 'next generation data protection solutions.’

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Finance & Capital Market

Sedco Capital plans to start feeder fund

Jeddah-based Islamic investment firm Sedco Capital plans to launch a Luxembourg feeder fund for its Gulf money market fund and is exploring ways to offer a Saudi-specific product to international investors, its lead fund manager said.

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Analysis, Interviews, Opinions

Aliens? Russian thieves? MH370 theories linger

A year on from the disappearance of Malaysia Airlines Flight MH370, an extraordinary amount of key data remains unknown - fuelling conspiracy theories and heated online debate about one of aviation's biggest mysteries.

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Industry, Logistics & Shipping

Al Meera records over 15pc net profit

Qatar-based Al Meera Consumer Goods Company, a firm engaged in the purchase and sale of consumer goods, has revealed a major net profit of 15.5 per cent for the year ended December 2014, in comparison to the previous year.

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Travel, Tourism & Hospitality

Al Tayyar Travel to hike capital by 33pc

Saudi Arabia's Al Tayyar Travel Group said on Thursday its shareholders agreed to raise its capital by 33.3 per cent via bonus shares to help fund its expansion plans.

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IT & Telecommunications

Etisalat in tie-up to protect online privacy

UAE-based Etisalat Group has joined forces in a strategic partnership with Ericsson and Souq.com to enable secure authentication on websites and mobile applications for customers across the Mena region.

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Lifestyle

Private jet travel growing fastest in emerging markets

Journeys via private jets between emerging markets and the world’s leading cities are some of the fastest growing according to private aviation provider NetJets and Knight Frank, a top property consultancy.

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Motoring

Gasco buys 100 Mercedes-Benz trucks

Abu Dhabi-based National Gas and Industrialisation Company (Gasco) has entered into a partnership with Juffali Industrial Products Company (Jipco) to purchase additional 100 Mercedes-Benz Trucks to expand its gas transportation fleet.

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Health & Environment

Boehringer unveils inhibitor treatment for type 2 diabetes

Boehringer Ingelheim, a leading pharmaceutical company, has unveiled the new DDP-4 inhibitor treatment for those with type 2 diabetes, which is the most common form of diabetes often leading to chronic complications.

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Media & Promotion
Education, HR & Training
Miscellaneous

World food prices continue to fall in February

Global food prices fell 1 per cent in February to their lowest in more than four-and-a-half years, with cereals, meat and sugar declining, oils steady and only dairy prices rebounding sharply, the United Nations food agency said.

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