Saturday 1 August 2015

0

ALL FOUR ABOARD DEAD
Bin Laden relatives killed in private jet crash in UK

A private jet crashed in southern England on Friday, killing four people on board, a spokesman for Hampshire police service said, and Saudi and British media said the passengers were relatives of deceased al Qaeda leader Osama Bin Laden.

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1

ANSWERS ‘OPEN SKIES’ ISSUES
Qatar Airways refutes subsidy allegations by US carriers

Qatar Airways has fully refuted the subsidy allegations levelled against it by the Big 3 US carriers in a ‘White Paper’ it submitted to the US government.

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2

GLOBAL OVERSUPPLY CONCERNS
Oil prices fall on Opec’s ‘no production cut’ comment

Oil prices fell in Asian trade on Friday as concern over global oversupply intensified after the head of oil producers' cartel Opec indicated there would be no cut-back in production, although a fall in the US dollar put a floor under prices.

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3

INSIGHT
Apple, BMW in courtship with eye on car tie-up

As BMW has realises next-generation vehicles cannot be built without more input from software experts, and Apple explores how make a self-driving electric car, the two companies may be closer to a tie-up than ever before, a report said.

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4

ANALYSIS
Iran on the cusp of big boost in automotive market

Iran's automotive market is set for a major boost as customers wait for foreign manufacturers to launch operations in about six months’ time when the country will be business-ready following the deal with world powers, a report said.

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5

NEWS IN PICTURES
Majesty on high seas

UAE-based Gulf Craft will showcase its Majesty Yachts at the 2015 Sydney International Boat Show, the largest recreational marine event in the southern hemisphere, which kicked off today (July 30).

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Union Properties begins work on Green Community Phase 3

Union Properties, a leading Dubai-based developer, has started work on the Phase Three of its Green Community project in Dubai Investments Park (DIP), Dubai, UAE.

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Energy, Oil & Gas

Two Iran oil firms taken off EU sanctions list

The European Union has removed two Iranian oil companies from its sanctions list, the first such action since Iran reached a nuclear agreement with world powers earlier this month, a notice from the British finance ministry said on Friday.

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Finance & Capital Market
Analysis, Interviews, Opinions

Apple, BMW in courtship with eye on car tie-up

As BMW has realises next-generation vehicles cannot be built without more input from software experts, and Apple explores how make a self-driving electric car, the two companies may be closer to a tie-up than ever before, a report said.

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Industry, Logistics & Shipping

New tyre rules in Saudi Arabia from November

New regulations governing tyres produced or sold in Saudi Arabia will come into force in November, said the board of the Saudi Standards, Metrology and Quality Organisation.

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Travel, Tourism & Hospitality

Bin Laden relatives killed in private jet crash in UK

A private jet crashed in southern England on Friday, killing four people on board, a spokesman for Hampshire police service said, and Saudi and British media said the passengers were relatives of deceased al Qaeda leader Osama Bin Laden.

More…
IT & Telecommunications

FB drone ‘ready for real-world testing later this year’

Facebook announced on Thursday it has completed building its first full-scale drone, which has the wingspan of a Boeing 737 and will provide Internet access to the most remote parts of the world.

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Lifestyle

Yahoo buys social shopping site Polyvore

Yahoo Inc said on Friday it agreed to buy fashion start-up Polyvore to help drive traffic and strengthen its mobile and social offerings.

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Motoring

General Motors to invest $1bn in India

General Motors Co (GM) will invest $1 billion in the next few years to turn operations in India into a new global auto manufacturing and export hub aimed at boosting sales in fast-growing emerging markets, top executives said on Wednesday.

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Health & Environment

Ebola vaccine proves fully effective in Guinea trial

The world is for the first time on the verge of being able to protect humans against Ebola, the World Health Organization (WHO) said on Friday, as data from a trial in Guinea showed a vaccine was 100 per cent effective.

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Education, HR & Training
Miscellaneous

Nato to strengthen Iraq's army

Nato will help Iraq reform and strengthen its security forces which are reeling from a near collapse a year ago in the face of an offensive by Islamic State fighters, Nato said on Friday.

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