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NEW AIRPORT, HOTELS PLANNED
UAE developer plans $80bn giant city in Cairo
Abu Dhabi-based Eagle Hills plans to build a new city near Cairo, Egypt, comprising a large number of homes for low- and middle-income buyers, at an estimated cost of $75 to $80 billion over a 12-year period, said a report.
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FIRM MULLS IPO FOR UNIT
Senaat to invest $1.36bn on industrial projects
Senaat, one of the UAE’s largest industrial holding companies, is planning to invest Dh5 billion ($1.36 billion) on further expanding its portfolio of industrial projects over the next two years.
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$600m BUSINESSES EYED
Qatar’s Mannai working on two foreign acquisitions
Qatari investment firm Mannai Corporation is working on two acquisitions as part of a drive to expand the proportion of its revenue from international sources to 80 per cent, its chief executive said.
3
SPOTLIGHT
Apple car rumours fuel debate on car of future
The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car.
4
SPECIAL REPORT
iPhone 5s continues to dominate UAE market
The iPhone 5s was the most commonly used smartphone in the UAE during the fourth quarter of 2014, comprising 4 per cent of the total handsets while marking a 9 per cent growth over the previous quarter, according to latest figures.
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IMAGE OF THE DAY
Soul reflection
Actors, playing the role of Japanese soldiers, perform as a traffic police looks on during a re-enactment of the Independence Movement Day in Seoul on March 1.
Top Trade News
 | Industry Sectors |
Bahrain's residential rental rates stable
The residential market in Bahrain has seen little change in the last quarter of 2014 with a marginal increase of two per cent in prime locations mainly in the northwest of the island, which is populated by expatriates, said a report.
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iPhone 5s continues to dominate UAE market
The iPhone 5s was the most commonly used smartphone in the UAE during the fourth quarter of 2014, comprising 4 per cent of the total handsets while marking a 9 per cent growth over the previous quarter, according to latest figures.
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Acwa gets $344m loan for Dubai solar project
Saudi Arabia's Acwa Power is obtaining a loan of about $344 million from three banks to finance a solar energy project in Dubai, UAE, chief executive Paddy Padmanathan said on Sunday.
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Oman to issue first sovereign sukuk by mid-2015
Oman plans to make its first sovereign issue of Islamic bonds, a 200 million rial ($520 million) issue, by mid-2015 to help finance a budget deficit caused by the plunge of oil prices, the head of its central bank said.
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Apple car rumours fuel debate on car of future
The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car.
More…
Senaat to invest $1.36bn on industrial projects
Senaat, one of the UAE’s largest industrial holding companies, is planning to invest Dh5 billion ($1.36 billion) on further expanding its portfolio of industrial projects over the next two years.
More…
Hilton Garden Inn signs three hotels in the Middle East
Hilton Worldwide, a luxury hotel operator, has signed three new Hilton Garden Inn hotels for Dubai and Saudi Arabia.
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Etisalat provides network solution to DFM
Etisalat recently provided high quality end-to-end unified network connectivity solution to Dubai Financial Market (DFM), the region’s leading financial market.
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Montblanc salutes John F Kennedy
Montblanc launched its new Great Characters Edition commemorating John F Kennedy, one of the most charismatic political figures and a man of extraordinary achievements, at an exclusive diplomats dinner in Abu Dhabi recently.
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Ali Alghanim launches BMW X6 in Kuwait
Ali Alghanim & Sons Automotive, the exclusive importer for BMW, MINI and Rolls-Royce in Kuwait, has launched the new BMW X6, the second generation of the sports activity coupé.
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Bahrain’s doctors seeking better facilities
Doctors on duty at Bahrain's main public hospital claim they are being treated "worse than labourers" due to allegedly "filthy" conditions and bed shortages in the on-call rooms.
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Abu Dhabi to enforce satellite dishes law
Abu Dhabi City Municipality has announced that it will strictly enforce a local law regulating satellite dishes from March 1.
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Online education tools use ‘results in better outcomes’
The opportunities that online education tools provide in terms of student assessment, engagement and education outcomes was discussed at the recently concluded 2015 Global Education Forum in Dubai, UAE.
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Qatar's Hassad Food eyes Brazilian sugar, poultry assets
Hassad Food, the agricultural arm of Qatar's sovereign wealth fund, said it was looking at possible purchases of Brazilian sugar and poultry assets as structural problems in those industries in the South American country created opportunities.
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