Thursday 5 March 2015

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THREE COUNTRIES IN TOP 10
GCC dominates global luxury spending index

Qatar, Saudi Arabia and Kuwait ranked in the top 10 of a global luxury index, performing especially well on the basis of their propensity to spend on imported luxury goods and healthy appetite for premium travel, a report said.

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1

SWINE FLU SPREAD
UAE warns citizens against India travel

UAE's Ministry of Foreign Affairs (MoFA) has warned citizens against travelling to India due to the widespread cases of swine flu (H1N1 influenza) in different regions of that country.

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2

QATAR, SAUDI MULL PURCHASE
US considering possible Middle East missile defence

The US military is considering sending its THAAD missile defence system to the Middle East, a senior US Army general said on Wednesday, citing what he called an urgent need to respond to foes with missile systems and the will to use them.

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3

SPECIAL REPORT
Aliens? Russian thieves? MH370 theories linger

A year on from the disappearance of Malaysia Airlines Flight MH370, an extraordinary amount of key data remains unknown - fuelling conspiracy theories and heated online debate about one of aviation's biggest mysteries.

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4

SPECIAL REPORT
One billion new unique mobile subscribers by 2020

An additional one billion people will become mobile subscribers over the next five years, according to a major new report published today (March 4) at the ongoing Mobile World Congress in Barcelona, Spain.

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5

IMAGE OF THE DAY
War games

Smoke rises from oil wells east of the Iraq city of Tikrit on March 4. Islamic State militants set fire to oil wells to try to hinder aerial attacks aimed at driving them from the oilfield, a witness and military source said.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

6 new museum projects planned in Bahrain

Six new museums are among major projects planned by the Bahrain Authority for Culture and Antiquities, its president Shaikha Mai bint Mohammed Al Khalifa has said.

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Retail & Wholesale

Apple edges out Samsung in Q4 smartphone sales

Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner.

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Energy, Oil & Gas

Bapco, EMC sign deal for centralised backup environment

Bahrain Petroleum Company (Bapco) and EMC have signed an agreement under which the refining major gets a centralised, tapeless backup environment using EMC's 'next generation data protection solutions.’

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Finance & Capital Market

Sedco Capital plans to start feeder fund

Jeddah-based Islamic investment firm Sedco Capital plans to launch a Luxembourg feeder fund for its Gulf money market fund and is exploring ways to offer a Saudi-specific product to international investors, its lead fund manager said.

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Analysis, Interviews, Opinions

Aliens? Russian thieves? MH370 theories linger

A year on from the disappearance of Malaysia Airlines Flight MH370, an extraordinary amount of key data remains unknown - fuelling conspiracy theories and heated online debate about one of aviation's biggest mysteries.

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Industry, Logistics & Shipping

Senaat, Japanese steel giants form UAE JV

Senaat, a leading industrial holding company in the UAE, has entered into a joint venture with a consortium of two leading Japanese companies in the steel sector to manufacture and sell large diameter high quality sour grade steel pipes.

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Travel, Tourism & Hospitality

Lufthansa plans to offer budget long-haul flights

Lufthansa said it will start long-haul low-cost flights to tourist destinations in places such as Cuba and Thailand under the Eurowings banner from October 25, as it tries to find new ways to grow.

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IT & Telecommunications

Etisalat, Ericsson partner to develop 5G technology

Etisalat Group, a leading telecom operator based in UAE, has signed an agreement with mobile network equipment manufacturer Ericsson to develop the next generation of mobile technology: 5G.

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Lifestyle

McLaren limits Super Series model to 500 units

The production of McLaren 675LT, the lightest, most powerful and fastest as well as the most exclusive model in the McLaren Super Series, will be limited to just 500 examples worldwide, the British manufacturer said.

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Motoring

Nissan’s Patrol Pick-up upgraded

Nissan Patrol Pick-up, the four-wheel drive vehicle manufactured by Nissan, has been put through a host of rigorous testing procedures in Saudi Arabia and UAE, resulting in various model improvements to the vehicle.

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Media & Promotion

DFTC reduces processing fees for Dubai filmmakers

The Dubai Film and TV Commission (DFTC), Dubai and the UAE's premier filming destination for local and international productions, has announced a reduction in processing fees to all filmmakers and producers in Dubai, UAE.

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Education, HR & Training
Miscellaneous

Egypt approves long-awaited investment law

Egypt's cabinet approved a long-awaited draft law on investment on Wednesday, the prime minister said, aimed at making deals less vulnerable to legal disputes or changes in government, and reducing stifling bureaucracy.

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