Sunday 1 February 2015

0

ENERGY EXPLORATION BOOST
Taqa, Halliburton ink Saudi chemical plant JV

Saudi Arabia-based Industrialisation & Energy Services Company (Taqa) has entered into a joint venture with Halliburton Multi-Chem to set up a chemical manufacturing plant in Jubail Industrial City in the kingdom.

more…

1

COST CUT MOVES
Aramco puts on hold Red Sea deepwater exploration

State oil giant Saudi Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economises in an environment of low crude prices, industry sources said.

more…

2

Q4 PROFIT JUMPS 88pc
Waha Capital plans $870 million investment

Abu Dhabi investment firm Waha Capital plans to invest Dh3.2 billion ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday.

more…

3

ANALYSIS
Oil price slump: Firms to react with mergers

The intense pressure created by oil prices falling below $50 is challenging cash flows, to which companies are expected to respond with mergers and acquisitions and reshape the competitive landscape to their advantage, a report said.

more…

4

ANALYSIS
Islamic finance looks to outgrow 'bad habits' as it expands

After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.

more…

5

IMAGE OF THE DAY
Yes, it's Djokovic

Novak Djokovic of Serbia celebrates after defeating Andy Murray of Britain in their men's singles final match at the Australian Open 2015 tennis tournament in Melbourne on February 1.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Energy, Oil & Gas

Aramco puts on hold Red Sea deepwater exploration

State oil giant Saudi Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economises in an environment of low crude prices, industry sources said.

More…
Finance & Capital Market

Dubai Investments profits up 63pc to $365m

Dubai Investments (DI), a leading investment company, today announced unaudited, preliminary net profit of Dh1.341 billion ($365 million) for 2014, a 63 per cent increase compared to Dh822.32 million achieved in 2013.

More…
Analysis, Interviews, Opinions

Islamic finance looks to outgrow 'bad habits' as it expands

After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.

More…
Industry, Logistics & Shipping

Gulf Industry Fair to showcase downstream aluminium

The strength of the aluminium downstream sector and ‘value added’ products will be on full display at the Gulf Industry Fair 2015, a leading industrial B2B exhibition in the Northern Gulf region, which opens in Bahrain this week.

More…
Travel, Tourism & Hospitality

Mena hospitality industry witnesses growth

The Mena region’s hospitality industry witnessed significant growth across key performance indicators (KPIs) in November 2014, a recent survey indicated.

More…
IT & Telecommunications

Zain Kuwait Q4 net profit drops 35pc

Zain Group, Kuwait's No 1 telecom operator by subscribers, reported a 35 per cent drop in fourth-quarter profit on Sunday, short of two analyst forecasts.

More…
Lifestyle

Dubai hosts ‘world’s most expensive’ fashion show

Dubai Shopping Festival (DSF) in partnership with Dhamani, recently hosted the “Diamond Fashion Show”, dubbed the most expensive fashion show in the world featuring a display of diamond jewellery worth over $100 million.

More…
Health & Environment
Media & Promotion

Over half of Mideast read email on smartphones

More than half (61 per cent) of email newsletter recipients read their emails in their smartphones in the Middle East, a report said, highlighting that this number is higher compared to global average of 48 per cent.

More…
Education, HR & Training

Etisalat to offer jobs to Emiratis at Abu Dhabi fair

Etisalat, a major telecom group, will offer career opportunities to large pools of qualified candidates in the UAE at Tawdheef Abu Dhabi 2015, a leading jobs fair that opened today (February 1).

More…
Miscellaneous

GCC move to block crime-linked expats

The Gulf Cooperation Council (GCC) is working on a joint database project that will provide information on foreign workers involved in criminal activities in all the six countries, a report said.

More…
Exchange rates table is provided by DailyForex.com - Forex Reviews and News

Live commodities widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events

Ads

DHgate.com

Browse latest range of products on wholesale rate including pipe fittings by PCFSCT, medical supplies by Gongdong Medical Company, Wire Mesh by AnpingYadong and Tower Cranes by Kerui Cranes by Kerui powered by: Telco Corp.