Friday 25 April 2014

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32-km GOLD LINE UNDERGROUND
Greek-led group wins $4.4bn Qatar subway deal

Greece's biggest construction group Ellaktor said it has signed a 3.2 billion euro ($4.4 billion) contract to build a subway line in Qatar.

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1

PORTS TO STAY CLOSED
Implement deal, Libya rebels tell govt

A rebel group in eastern Libya that controls several oil ports said it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade.

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2

FIRM SEEKING BETTER TERMS
Dubai's DP World in talks for $3bn loan

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take advantage of the renewed confidence in the emirate.

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3

INSIGHT
Giant Nile dam will make Ethiopia a power hub

Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub.

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4

INSIGHT
New Egypt law to lure investors may feed corruption

A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.

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5

IMAGE OF THE DAY
Polar play

A polar bear cub (L) plays with its mother Uslada at the Leningrad Zoo in St. Petersburg, Russia. The four-month old polar bear cub, who made its first public appearance on Thursday , is yet to be named.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale
Energy, Oil & Gas

Implement deal, Libya rebels tell govt

A rebel group in eastern Libya that controls several oil ports said it would not reopen the key Ras Lanuf and Es Sider terminals unless the government implemented its part of a recent deal to end the oil blockade.

More…
Finance & Capital Market

Emirates NBD profits surge 25pc

Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts.

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Analysis, Interviews, Opinions

Giant Nile dam will make Ethiopia a power hub

Ethiopia's bold decision to pay for a huge dam itself has overturned generations of Egyptian control over the Nile's waters, and may help transform one of the world's poorest countries into a regional hydropower hub.

More…
Industry, Logistics & Shipping

Dubai's DP World in talks for $3bn loan

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take advantage of the renewed confidence in the emirate.

More…
Travel, Tourism & Hospitality

Virgin Australia plane in 'hijack' drama

The pilot of a Virgin Australia plane flying from Brisbane to the Indonesian holiday island of Bali reported a hijacking attempt on Friday after a passenger tried to enter the cockpit, an Indonesian transport official said.

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IT & Telecommunications

Net must stay free says global conference

Big Internet companies were the clear winners at a global conference hosted by Brazil on the future management of the Web where most participants agreed it should remain a self-regulated space free of government intervention.

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Government & Laws

Kuwait MPs seek to question prime minister

Three Kuwaiti lawmakers filed a request on Thursday to question the prime minister in parliament over housing and rising rents, in a sign of renewed political tensions in the country.

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Motoring

Renault Saudi launches 2015 Duster

Renault Saudi Arabia has launched the 2015 year model Renault Duster SE, one of its worldwide best-selling models which offers the latest in terms of appearance, performance, comfort, safety and entertainment.

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Health & Environment

Warning: GCC 'facing major water crisis'

Gulf countries are facing a huge potential water crisis, an expert said, urging a unified GCC water strategy and pumping more investment into this vital sector.

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Media & Promotion

Saudi to regulate homegrown YouTube shows

Saudi Arabia plans to regulate local companies that screen shows on YouTube, a senior official was quoted as saying in local media - a move that could stifle its nascent creative industries.

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Education, HR & Training

Thomson Reuters in deal with Saudi Digital Library

Thomson Reuters, a leading source of intelligent information, has signed an agreement with the Saudi Digital Library to support the transformation of the Kingdom to a knowledge-based economy.

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Miscellaneous

Decision on stadiums in March 2015: Qatar

Qatar World Cup 2022 organising committee has clarified that the final number of stadiums that will host the 2022 Fifa World Cup will be decided in March 2015.

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