Wednesday 4 March 2015

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CAPACITY JUMPS 18pc
ME carriers record strongest freight growth in January

Middle Eastern carriers continue to post the strongest growth in freight, a report said, adding that their FTKs (freight-tonne-kilometres) expanded 9.2 per cent in January as compared to same month in 2013.

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1

UAE ACTIVITY GROWTH SLOWS
Spending boosts Saudi non-oil business growth

Growth in Saudi Arabia's non-oil private sector accelerated to a four-month high in February as lavish handouts to citizens by the new king buoyed the economy despite the plunge in oil prices, a survey of businesses showed on Tuesday.

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2

NUMBERS UP 5.6pc
Dubai's hotels welcome 11.6m guests

UAE emirate Dubai is continuing to maintain growth at a sustainable level as its hotel establishments welcomed more than 11 million guests in 2014, registering a 5.6 per cent increase on 2013’s total.

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3

ANALYSIS
Oil plunge slows deposit growth at Gulf banks

Low oil prices are slowing or reversing deposit growth at Gulf Arab banks, but not enough to cause the liquidity squeeze that bankers fear, says Moody's Investors Service.

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4

ANALYSIS
Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

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5

IMAGE OF THE DAY
Self-driving car ... miles away?

The Rinspeed Budii self-driving city car interior is seen during the first press day ahead of the 85th International Motor Show in Geneva on March 3.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Kuwait to award $47bn infrastructure projects

Kuwait is set to award about KD14 billion ($47.2 billion) worth of projects this year, almost double the project value awarded in 2014 as part of its strategy to develop the country's infrastructure, according to a report.

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Retail & Wholesale

UAE firms eye Hong Kong fairs for sourcing

Seven upcoming trade fairs in Hong Kong present tremendous opportunities for enterprises from the UAE to source quality products under one roof and make alliances and business contacts for expansion, said event organisers.

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Energy, Oil & Gas

Egypt expects LNG deals with Shell, Total

Egypt expects to agree additional liquefied natural gas (LNG) import deals with Shell and Total and is close to paying BG Group more for the gas it produces offshore, its oil minister said.

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Finance & Capital Market

Iraq in talks with banks over $6bn bond issue

Iraq is discussing a possible bond issue worth nearly $6 billion with Deutsche Bank and Citibank as part of its efforts to cover a huge projected budget deficit this year, Finance Minister Hoshiyar Zebari said.

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Analysis, Interviews, Opinions

Saudi king keeps close hand on oil in new strategic team

Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the king's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed.

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Industry, Logistics & Shipping

Dubai Industrial City, Esma to promote Halal mark

Leading Gulf manufacturing hub Dubai Industrial City (DI) and the Emirates Authority for Standardisation and Metrology (Esma) have announced a strategic partnership promoting the national Halal mark within the UAE.

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Travel, Tourism & Hospitality

Emirates' ops contribute $7.59bn to Europe GDP

Dubai-based Emirates’ operations in Europe has made an economic impact of €6.8 billion ($7.59 billion) on the total gross domestic product (GDP) of the continent, according to a study.

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IT & Telecommunications

Zain Kuwait, Huawei partner to develop 4.5G services

Zain Kuwait, a telecommunications company, along with Huawei, a global ICT solutions provider, have unveiled plans for a new strategic cooperation that will see the two companies trial and implement 4.5G services on Zain Kuwait’s network.

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Lifestyle

Montblanc unveils new Bohème jewellery collection

Montblanc has launched a collection of jewellery that highlights the various facets of distinctive beauty, refined feminine elegance and striking personality of the contemporary woman with her own, unique sense of style.

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Motoring

Nissan’s Patrol Pick-up upgraded

Nissan Patrol Pick-up, the four-wheel drive vehicle manufactured by Nissan, has been put through a host of rigorous testing procedures in Saudi Arabia and UAE, resulting in various model improvements to the vehicle.

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Health & Environment

11 Apollo surgeons separate conjoined twins in Dubai

A pair of Tanzanian twins, who were born conjoined were successfully separated after a nine-hour long operation with minimal blood loss by 11 surgeons from Apollo Hospitals in Dubai, UAE.

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Media & Promotion

100 global experts for Doha filmmakers event

More than one hundred leading film industry professionals are expected to participate in the first edition of Qumra, a new event dedicated to the development of emerging filmmakers from Qatar and around the world.

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Miscellaneous

Bahrain eGov forum names international speakers

The Bahrain International eGovernment Forum 2015 organising committee has announced the names of internationally renowned keynote speakers who will take part in this year's forum.

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