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Wednesday, May 16, 2012
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SEC signs $1.3bn deal for Riyadh plant
Al Khobar: 		  
  Saudi Electricity Company (SEC) signed a contract worth 4.7 billion riyals ($1.25 billion) on Wednesday to build a power plant outside the capital Riyadh, the company said.  
  Read More  
   
   

Saudis, soaring costs 'may keep oil above $100'
London :  
  Oil industry executives and bankers are assuming oil prices will stay above $100 a barrel in the year ahead, despite mounting economic worries, a report said.    
  Read More  
Apple 'plans iPhone with bigger screen'
Tokyo: 
  Apple plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday.    
  Read More  
  More top stories

UAE inflation soars to 9-month high
UN to collect monitors from Syrian town
Samsung loses $10bn value on Apple order

  • Berlin's Arab World Dilemma

    Germany prioritises trade over politics

  • Coping with change

    Traders face Iraqi currency conundrum

  • Jordan and the GCC

    The pros and cons of membership for the Hashemite kingdom

  • Going local

    German software giant eyes 450m MENA investement

  • No Arab Spring for migrant workers

    Economic refugees bear brunt of regional upheaval

  International Business News   International News
 

Emerging stocks fall 2.5pc, central banks act
Indian rupee slumps to record low

Samsung loses $10bn value on Apple order
 

UN to collect monitors from Syrian town
Greece to hold new poll; euro markets hit

India's monsoon rains to arrive on time
   
 
  Empower sees district cooling growth in hotels  
  Emirates Central Cooling Systems Corporation (Empower), a leading district cooling service provider, has registered a 30 per cent growth in its hotel customers in April compared to same period last year, said a top official.  
  Read More  
 

Saudi announces new Riyadh metro project
Drake & Scull Q1 profit falls 18pc as costs rise
 
   
  UAE, Qatar airport capacity to hit 190m  
  The major airports in Dubai, Doha and Abu Dhabi will have a combined annual capacity of 190 million passengers in 2015, according to a special research study on the GCC airports' performance.  
  Read More  
 

Mubadala unit names key appointment
Abu Dhabi Tourism targets Saudi with new office
 
   
  SEC signs $1.3bn deal for Riyadh plant  
  Saudi Electricity Company (SEC) signed a contract worth 4.7 billion riyals ($1.25 billion) on Wednesday to build a power plant outside the capital Riyadh, the company said.  
  Read More  
 

Saudis, soaring costs 'may keep oil above $100'
Sinopec to build oil storage in UAE port
 
   
  Bahrain's industrial city 'attracting investment'  
  The Salman Industrial City, which comprises three separate industrial parks, is playing a major role in boosting Bahrain's economy and attracting investment, said Industry and Commerce Minister Dr Hassan Fakhro.  
  Read More  
 

Tabreed completes plant expansion
Bahrain's new steel plant signs $373m loan deal
 
   
  Dubai residents 'not eating enough healthy food'  
  More than half of Dubai residents (about 59 per cent) are not consuming enough fruits and vegetables to keep themselves healthy, according to a comprehensive survey conducted by The Dubai Health Authority (DHA).  
  Read More  
 

NMC Health revenue rises
Bahrain hospital conducts cancer screening
 
   
  Top expos team up for 'Super interiors show'  
  Exhibitions and conferences organiser dmg::events said two of its flagship interiors events - Index International Design Exhibition and Office Exhibition - will come together in 2013 to create an ‘Interiors Super Show’ for the region’s architect and design community.  
  Read More  
 

ME Office design award winners named
Top interiors expo opens in Dubai
 
   
  250 exhibitors to take part in Gitex Saudi  
  More than 250 local and international exhibitors from 16 countries will take part in Gitex Saudi Arabia 2012, the 11th international information and communications technology exhibition, opening in Riyadh next week.  
  Read More  
 

Batelco team showcases key products
500 delegates to attend Convergence Summit
 
   
  Clarity 'returning to Egypt property market'  
  It remains a challenging time for the real estate sector in Cairo amid on-going uncertainty, however clarity is slowly returning to the Egyptian property market, according to a report.  
  Read More  
 

Egypt's Palm Hills shrinks Q1 net loss
Dubai villa rentals increase 3pc in Q1
 
   
  IDB plans up to $1bn sukuk in June  
  Saudi-based Islamic Development Bank (IDB) plans to issue $500 million to $1 billion worth of Islamic bonds or sukuk in June, the bank's chairman Ahmad Mohamed Ali said late on Tuesday.  
  Read More  
 

DFSA, China commision sign deal
RSA boosts UAE management team
 
 
  Apple 'plans iPhone with bigger screen'  
  Apple plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said on Wednesday.  
  Read More  
 

Samsung participates in Summer Jam
Gulf residents prefer shopping in Singapore
 
   
  UAE inflation soars to 9-month high  
  Inflation in the UAE edged up to a nine-month high of 0.8 per cent on an annual basis in April and prices rose by 0.1 per cent on the month, data from the National Bureau of Statistics showed on Wednesday.       
  Read More  
 

Dubai consumer prices ease in April
Kuwait savings could dry up by 2017 warns IMF
 
   
  Du releases brand new movies at home  
  Du, the integrated telecom service provider in the UAE, has launched a new offer under which its customers will get to watch premium movie titles in the comfort of their homes on the day of release in theatres.  
  Read More  
 

Alba to sponsor French play
Elaph launches new website
 
   
  DFM firms achieve 100pc compliance  
  Dubai Financial Market (DFM) said its UAE-listed companies have shown a 100 per cent compliance in disclosing their first quarter financial results within the deadline of 45 days from the end of the period.  
  Read More  
 

Saudi travel firm Al-Tayyar IPO to raise $365m
Saudi index profit up 14pc in Q1
 
 
  Zayani, Aramex in van leasing deal  
  Zayani Leasing, one of Bahrain's largest leasing companies, has signed an exclusive lease contract with leading logistics provider Aramex for its Peugeot Boxter Vans.  
  Read More  
 

Land Rover celebrates 300,000th LR2
Dollar offers flexible car rentals options
 
   
  Agility Q1 profit falls 8.1pc as costs rise  
  Kuwait's Agility, the logistics firm facing US fraud charges, reported an 8.1 per cent drop in first-quarter profit as costs rose faster than revenue.       
  Read More  
 

Unique System named Teledyne service provider
Drydocks in key Singapore partnership talks
 
   
  Armoured vehicles market looks at UAE  
  Senior professionals from within the armoured vehicles domain see the UAE as a particular area for growth for the sector, according to a report.  
  Read More  
 

Tougher penalties for police attackers
Bahrain urged to crack down on illegal arms
 
 
  Dow targets ME solar market at expo  
  Dow Heat Transfer Fluids, a global business unit of The Dow Chemical Company, is seeking to target the growing market for solar power in the Middle East at a major event in Abu Dhabi.  
  Read More  
 

Saadiyat welcomes turtle nesting season
Poor nations ready bold UN climate plan
 
   
  Burger King opens 65th store in Saudi  
  Burger King brand has opened its 65th restaurant in Saudi Arabia at Galleria Mall on King Fahd Highway in Riyadh as part of its regional expansion plans.  
  Read More  
 

Egypt's Meditrade buys sunoil, soyoil
Colours Touch launches ‘Choco Laty’
 
   
  Bahrain ire over Iran comments on union plan  
  Bahrain has summoned Iran's charge d'affaires to protest at what it called 'gross violation of its sovereignty' in a new diplomatic row after Tehran criticised efforts by Gulf states to forge closer political and military union.  
  Read More  
 

Dubai eGov adds new features to portal
Saudi moving to scrap sponsorship system
 
   
  Saudi to blacklist candidates who miss interviews  
  Saudi Arabia will blacklist job candidates who miss interviews or training, as part of efforts to get more Saudi nationals working for private companies, the Al-Eqtisadiah newspaper reported on Tuesday.  
  Read More  
 

Pedersen & Partners boosts Gulf presence
St Christopher’s students win gold
 
   
  African farming 'creating a new opportunities'  
  African agriculture is undergoing a transformation, creating a new era of opportunity for both farmers and investors, according to African and global leaders at the World Economic Forum on Africa.  
  Read More  
 

Bahrain’s fruit, vegetable market down 60pc
Global corn, soybeans stocks to rise
 
 
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