Saturday 28 February 2015

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BAHRAIN-KUWAIT LINK
GCC rail network infrastructure to top $15.4bn

The overall cost of the planned infrastructure for GCC railway network linking Kuwait and Bahrain through Dammam in Saudi Arabia, via the planned King Hamad Causeway, is estimated to top $15.4 billion, said a report.

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1

PROPERTY WORTH $2.25bn
Qatar acquires landmark Milan business district

Qatar's sovereign fund will become sole owner of a prime real estate area in Milan, which has a market value of more than 2 billion euros ($2.25 billion) and is home to the new high-rise headquarters of Italy's UniCredit .

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2

CRUDE ADVANCES 18pc IN FEB
Oil up sharply; posts first monthly gain since June

Crude oil rose sharply on Friday as Brent and US futures posted their first monthly gains since June, supported by an improving demand outlook and supply outages.

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3

SPECIAL REPORT
Watch out for nasty global flu surprises, WHO warns

The world remains highly vulnerable to a possible severe flu pandemic and governments should increase surveillance, vigilance and preparedness, the World Health Organization (WHO) has warned.

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4

SPOTLIGHT
Drilling decline inevitable as oil price remains low

Onshore drilling is set to decline 20 per cent this year, resulting in the smallest annual production growth for six year at just one per cent, according to a report.

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5

IMAGE OF THE DAY
He’s back

Actor Arnold Schwarzenegger holds his award for life's work at the 'Die Goldene Kamera' (Golden Camera) awards ceremony in Hamburg on February 27.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Omega Real Estate launches FM division in UAE

Omega Real Estate, a leading real-estate company owned by ‘The H Holding Enterprise,’ has launched facilities management (FM) division, to cater to growing market demand in the UAE.

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Energy, Oil & Gas
Finance & Capital Market

RBS shrinks investment bank, posts $5.4bn loss

Royal Bank of Scotland (RBS) will shrink investment banking operations drastically, pulling out of 25 countries across Europe, Asia and the Middle East and allowing the state-controlled lender to refocus on lending in Britain.

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Analysis, Interviews, Opinions

Bahrain banks on infrastructure, private sector

Bahrain's economy is holding up in the face of low oil prices as policymakers bank on infrastructure spending and the private sector to offset shrinking energy sector revenues, officials and businessmen said this week.

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Industry, Logistics & Shipping

Solar Impulse 2 soars across skies of Abu Dhabi

Solar Impulse 2, a solar aircraft of Swiss pioneers Bertrand Piccard and André Borschberg, has soared across the skies of Abu Dhabi, UAE, during its first test flights in the emirate recently.

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Travel, Tourism & Hospitality

UAE airlines cleared to resume Baghdad flights

The UAE's civil aviation regulator has given approval for local carriers to resume flights to Baghdad, reversing a directive that halted flights after bullets hit a Dubai plane as it landed in the Iraqi capital late last month.

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IT & Telecommunications

Cybersecurity remains a top concern in Mideast

Cybercrime has been identified as the second most common form of economic crime in the Middle East, with the region’s cybersecurity market set to grow 84 per cent to hit $9.56 billion in 2019, according to a recent PwC survey.

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Lifestyle

Two Porsches to make global debut

German sports car manufacturer Porsche will celebrate the world premiere of two extreme sports cars at the 2015 Geneva International Motor Show, which will be held in Geneva, Switzerland, from March 3 to 15.

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Motoring

Fiat Chrysler recalling 467,500 SUVs worldwide

Fiat Chrysler Automobiles said on Friday it will recall about 467,500 SUVs worldwide in order to fix a fuel-pump issue that could cause the engine to either stall or not start.

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Health & Environment

Decision on Ebola mass vaccination in August: WHO

An independent advisory body will decide in August at the earliest on whether to recommend widespread introduction of an Ebola vaccine, depending on results of clinical trials and the epidemic's course, the World Health Organization said.

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Education, HR & Training

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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Miscellaneous

UAE, Kuwait to reopen embassies in Yemen

The United Arab Emirates and Kuwait will reopen their Yemeni embassies in the southern city of Aden instead of the capital Sanaa, the two countries' state news agencies said on Friday.

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