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KINGDOM ‘TOO UNSTABLE’
Germany stops arms exports to Saudi Arabia
Germany has decided to stop exporting arms to Saudi Arabia, the German newspaper Bild am Sonntag said on Sunday, citing government sources as saying the kingdom was "too unstable" for it to be receiving deliveries of weapons.
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BIG JUMP IN TRAFFIC
Dubai public transport rider numbers top 500m
The public transport means of Dubai’s Roads and Transport Authority (RTA) have lifted 531.350 million riders in 2014 compared to 440.672 million riders in 2013.
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EGA AIMS AT VALUE ADDITION
Global aluminium demand to grow at 7.6pc
Global primary aluminium demand is expected to grow at a compound annual growth rate (CAGR) of 7.6 per cent from 2014 to 2017 with Asia and the Americas generating the greatest share of demand, said a top official.
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OPINION
Technology ‘could cut youth unemployment in region’
Technology investors and entrepreneurs could help reduce the impact of the expected explosion in unemployment amongst youth in the Arab region, according to experts debating global and regional issues at Davos.
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ANALYSIS
Grown diamonds key to bridging demand gap
Grown diamonds can help overcome the widening supply demand gap in the long run to compensate for falling mined diamonds supply, a report said.
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IMAGE OF THE DAY
Maria's moments
Maria Sharapova of Russia blows a kiss after defeating Peng Shuai of China to win their women's singles fourth round match at the Australian Open 2015 tennis tournament in Melbourne.
Top Trade News
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Kuwait company wins Iraq airport project
Kuwait-based Al-Nasriyah Company has won a contract for the development and operation of a new airport in Diwaniya governorate of Iraq, said a report.
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Marka, UEFA to launch concept store in Abu Dhabi
Marka, the first UAE-listed retail and hospitality company, has teamed up with UEFA, European football’s governing body, to build the region's first ‘UEFA Champions League Experience’ concept stores across the Middle East in Abu Dhabi.
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Oman awards contract to study MEDC privatisation
Oman’s Electricity Holding Co (EHC) has awarded a contract to a consortium of advisors led by CPCS Transcom International to undertake a study for the privatisation of its subsidiary Muscat Electricity Distribution Co (MEDC), a report said.
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Global watchdog to review new banking rule
Global banking supervisors are reviewing a rule that allows banks to hold little or no capital against risky sovereign debt held on their books. The so-called zero-risk weighting rule was heavily criticised during the euro zone de
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Grown diamonds key to bridging demand gap
Grown diamonds can help overcome the widening supply demand gap in the long run to compensate for falling mined diamonds supply, a report said.
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Emirates Steel expands wire rod range
UAE steelmaker Emirates Steel is expanding the range of its wire rod brands to create more opportunities for local downstream manufacturers.
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Dubai public transport rider numbers top 500m
The public transport means of Dubai’s Roads and Transport Authority (RTA) have lifted 531.350 million riders in 2014 compared to 440.672 million riders in 2013.
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SAP mulls software delivery via cloud
Europe's biggest software group SAP could eventually see its software delivered via the cloud deliver higher profit margins than its traditional packaged software, its finance chief told a newspaper.
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Adipec’s Oil Barons Charity Ball backs cancer group
The Oil Barons Charity Ball, a star-studded event organised by the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), will once again lend its backing to a cancer support group by raising funds and driving awareness.
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Volkswagen to recall 80,000 Audis
German car maker Volkswagen will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.
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Arab Health Exhibition set to open
Over 120,000 visitors from around the world are expected to visit the Arab Health Exhibition and Congress, the Middle East’s largest healthcare event and the second largest in the world, which will open in Dubai, UAE, tomorrow.
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DSF halts programmes to mourn King Abdullah
The Department of Tourism and Commerce Marketing (DTCM) in Dubai, and its agency, Dubai Festivals & Retail Establishment, have halted all entertainment and musical activities related to the Dubai Shopping Festival till Sunday (January 25) ow
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Bahrain Zain partners with Polytechnic
Leading telecom provider Zain Bahrain has entered into a strategic partnership with Bahrain Polytechnic in a move to develop the ICT sector in the kingdom.
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McDonald's sees rough weather continuing in 2015
McDonald's, the world's largest fast-food chain, has warned that business will be weak in the first half of 2015 and it is cutting its construction budget to the lowest in more than five years as it opens fewer outlets in tight markets.
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