Monday 28 July 2014

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PROJECTS EXPENDITURE RISES
Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed on Sunday.

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1

ISRAEL CONSIDERS MOVE
Hamas agrees to new 24-hour truce in Gaza

Hamas Islamist militants have agreed to a 24-hour humanitarian truce in their conflict with Israel in the Gaza Strip, a spokesman for the group said on Sunday, hours after fighting between the sides resumed.

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2

TERMINALS UPGRADE
Hochtief-led group wins $2.9bn Riyadh airport deal

Saudi General Authority of Civil Aviation has chosen a group led by the German contractor Hochtief for the upgradation of terminals at the Riyadh international airport, a report said.

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3

COLUMN
Time to be afraid - preparing for big solar storm

The probability of a solar storm striking Earth in the next decade with enough force to do serious damage to electricity networks could be as high as 12 per cent, according to solar scientists.

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4

ANALYSIS
Sisi's bold start on reforms buys Egypt some time

Egypt's new president Abdel Fattah Al-Sisi has made a head start on tackling the country's economic problems, managing to introduce long-awaited subsidy reform without stirring popular unrest.

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5

IMAGE OF THE DAY
Balloon baboon

Balloons of vairous sizes and shapes fly during the 32nd annual QuickChek New Jersey Festival of Ballooning in Readington, New Jersey.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Hochtief-led group wins $2.9bn Riyadh airport deal

Saudi General Authority of Civil Aviation has chosen a group led by the German contractor Hochtief for the upgradation of terminals at the Riyadh international airport, a report said.

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Retail & Wholesale

Marka to list shares on DFM in mid-September

Dubai retailing and restaurants group Marka plans to list its shares on the Dubai Financial Market (DFM) in the second week of September, in what would be the bourse's first flotation for five years, the company said on Wednesday.

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Energy, Oil & Gas

Iraqi Kurdish oil nears Texas port for likely offloading

A tanker carrying crude oil from Iraqi Kurdistan has neared the Port of Galveston in Texas, despite Washington's concerns about independent oil sales from the autonomous region.

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Finance & Capital Market

Qatar spending up 13pc, slowest in 11 years

Qatar's state spending increased 12.7 per cent last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, data showed on Sunday.

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Analysis, Interviews, Opinions

Time to be afraid - preparing for big solar storm

The probability of a solar storm striking Earth in the next decade with enough force to do serious damage to electricity networks could be as high as 12 per cent, according to solar scientists.

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Industry, Logistics & Shipping

Alba posts net income of $86m in H1

Alba's total sales for the first six months of this year were BD376.4 million ($1.001 billion) versus $1.018 billion in the corresponding period last year, on the back of higher premium partially offset by lower LME prices.

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Travel, Tourism & Hospitality

Move to promote Bahrain as 'boutique destination'

Bahrain's Culture Ministry intends to reinvent the kingdom as a 'boutique destination' - celebrating the rich cultural heritage of the country in order to increase tourism's contribution to the economy, a report said.

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IT & Telecommunications
Government & Laws

Bahrain's three-star hotels hit by crackdown

Three-star hotels in Bahrain are already feeling the impact of the alcohol and live entertainment ban imposed by the Culture Ministry two weeks ago.

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Motoring

Nissan Sunny 2015 makes Mideast debut

Nissan has launched its 2015 model Sunny in the Middle East and the new sedan will be available from all Nissan dealerships across the region from August 1.

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Health & Environment

Paracetamol no use for low back pain: study

Paracetamol, a painkiller universally recommended to treat people with acute low back pain, does not speed recovery or reduce pain from the condition, according to the results of a large trial published on Thursday.

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Media & Promotion

Kodak Sonora Plates hits a milestone

Kodak has announced that its Sonora Process Free Plates have reached a significant milestone with 1,000 customers having adopted the technology that removes the plate processing step completely.

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Miscellaneous
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