Monday 30 March 2015

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SINGAPORE ROUTE LAUNCHED
Oman Air orders 20 Boeing 737s in bid to double fleet

Oman Air, the flag carrier of the Sultanate, has ordered 20 Boeing 737 aircraft as part of a plan to double its fleet to 70 planes by 2020, chief executive Paul Gregorowitsch said on Monday.

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1

HOUTHI ADVANCE CHECKED
Yemen strikes ‘will continue until Hadi can rule’

Air strikes in Yemen led by Saudi Arabia will continue until Yemeni President Abd-Rabbu Mansour Hadi, who left the country on Thursday, is able to rule, a Saudi military spokesman said on Sunday.

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2

BOMBINGS CONTINUE
No decision yet on sending troops to Yemen: Saudi

Saudi Arabia is focussing on using air strikes to combat Iranian-allied Houthi fighters in Yemen, and has not contemplated sending in ground troops, the country's ambassador to the US told NBC on Sunday morning.

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3

MONEY MATTERS
UAE Islamic banking assets to hit $263bn by 2019

The UAE is en route to achieve $263 billion of Sharia-compliant assets by 2019, thus making it the third largest Islamic banking market by value after Saudi Arabia and Malaysia, according to a new report.

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4

ANALYSIS
GCC on track to double smart city developments

The GCC is making major strides in its development of smart cities with the number of new smart city greenfield developments in the region set to double within the next two to three years, a report said.

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5

IMAGE OF THE DAY
Close call

Crew members work on the Airbus A320 that slid off a runway at the end of Air Canada Flight 624 at Halifax Stanfield Airport in Enfield, Nova Scotia on March 29. The plane suffered heavy damage, sending 20 passengers and crew to hospital.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Malaysia's Eversendai wins Riyadh Metro deal

Malaysia-based Eversendai Corp, an engineering and construction company, said it has won a contract from Saudi Arabia to carry out the steel works and cladding for lines 1 and 2 of the Riyadh Metro stations.

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Retail & Wholesale

Al Meera opens two new outlets in Qatar

Al Meera, a leading retail chain in Qatar, has announced the opening of its new branches at Muaither and Al Azizia area in line with its expansion strategy.

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Energy, Oil & Gas
Finance & Capital Market

Middle East firms face rising costs

Companies in the Middle East and North Africa are facing rising costs to fight financial crime, with more than half reporting a climb of higher than 25 per cent in the past two years, according to a survey.

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Analysis, Interviews, Opinions

GCC on track to double smart city developments

The GCC is making major strides in its development of smart cities with the number of new smart city greenfield developments in the region set to double within the next two to three years, a report said.

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Industry, Logistics & Shipping

Agility trims dividend despite 10pc Q4 profit gain

Kuwait's Agility, the largest Gulf logistics group, trimmed its dividend payout for 2014 despite reporting a 10 per cent increase in both its fourth-quarter and full-year net profit.

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Travel, Tourism & Hospitality

Aiana Hotels & Resorts to launch in Qatar

A joint venture for the launch of Aiana Hotels & Resorts in Qatar was recently signed by Sheikh Faisal bin Qassim Al Thani, chairman of Al Sawari Holding, and Amruda Nair, joint managing director and CEO, Aiana Hotels & Resorts.

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IT & Telecommunications

Hitachi Data Systems partners with Qatar CGC

Japan-based Hitachi Data Systems Corporation said it signed a partnership agreement with Qatar-based technology and engineering conglomerate Consolidated Gulf Company (CGC).

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Lifestyle

McLaren to launch sports coupe at New York show

McLaren will unveil the first model to be launched in its Sports Series family, called the 570S Coupé in less than a week when it debuts at the 115th New York International Auto Show.

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Motoring

Ferrari end win drought with Sepang success

Ferrari put a dismal 2014 Formula One season behind them on Sunday with a tactical masterclass that allowed Sebastian Vettel to upset the odds and sweep to victory at the Malaysian Grand Prix.

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Media & Promotion

Yahoo, Microsoft extend search partnership talks

Yahoo Inc and Microsoft Corp agreed to extend by 30 days the deadline to re-negotiate a ten year search deal, as the two Internet companies attempt to revamp a thorny partnership crafted by former chief executives.

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Education, HR & Training

Schwab, Harvard launch social entrepreneurship course

The Schwab Foundation for Social Entrepreneurship and Harvard Kennedy School have launched the first bespoke executive education course on social entrepreneurship, titled “The Art and Science of System Change.”

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Miscellaneous

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