Friday 30 January 2015

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CERAMIC TILES MANUFACTURER
Investcorp to acquire key Spanish company

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.

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1

GULF AIRLINES WAIT
Turkey, Lebanon restart Baghdad flights

Turkish Airlines and Lebanon's Middle East Airlines (MEA) resumed flights to Baghdad on Thursday after halting them earlier in the week when bullets hit a plane as it was landing in the Iraqi capital.

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2

STAKE IN ADCO
Total wins share of new Abu Dhabi concession

Total has signed an agreement to take a 10 per cent stake in a new 40-year onshore concession in Abu Dhabi in the United Arab Emirates (UAE), the French oil group said on Thursday.

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3

SPOTLIGHT
UAE employers ‘must embrace potential of millennials’

UAE employers must embrace the potential of the millennial generation to transform their businesses, according to a top executive.

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4

ANALYSIS
Funds turning positive on Saudi as oil stabilises

Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.

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5

IMAGE OF THE DAY
Yaris for FIA World Rally

Toyota Motor Corp President Akio Toyoda poses for pictures on the top of the ‘Yaris WRC’, a vehicle being developed for the FIA World Rally Championship (WRC) during a news conference to announce its return to WRC in 2017, in Tokyo.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Investcorp to acquire key Spanish company

Bahrain-based Investcorp is set to buy Fritta, a specialist producer of intermediates for the ceramic industry, from financial investor Nazca Private Equity.

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Retail & Wholesale

Samsung posts lowest annual earnings in three years

Samsung Electronics on Thursday reported a 36 per cent drop in its 2014 profits compared to a year earlier, marking the South Korean firm's first annual earnings decline in three years.

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Energy, Oil & Gas

Bahrain to increase natural gas prices for industry

Bahrain will increase the price of natural gas sold to companies by 25 cents per million British thermal units (mmBtu) from April 1, Aluminium Bahrain (Alba) said in a statement on Friday.

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Finance & Capital Market

Travelex, UAE Exchange to merge and list in Abu Dhabi

Foreign currency exchange firm Travelex will be merged with money transfer company UAE Exchange and listed in Abu Dhabi by early on in 2017, new owner Bavaguthu Raghuram Shetty said.

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Analysis, Interviews, Opinions

Funds turning positive on Saudi as oil stabilises

Middle East funds are turning positive on Saudi Arabia's stock market because of signs that oil prices are starting to stabilise, the latest Reuters survey of asset managers shows.

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Industry, Logistics & Shipping

Shell to build $11bn petchem plant in Iraq

Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday.

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Travel, Tourism & Hospitality

Yas Island participates in Indian travel trade show

Yas Island, Abu Dhabi’s premier business, leisure and entertainment destination, is participating at the South Asian Travel and Tourism Exhibition (SATTE), which started today in New Delhi, India.

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IT & Telecommunications

Ooredoo Oman Q4 profit falls 17pc to $21m

Ooredoo Oman reported a net profit of RO8.3 million ($21.6 million) in the fourth quarter of 2014, down from RO10 million ($25.8 million) in the year-earlier period, marking a 17 per cent fall in fourth-quarter profit on Thursday.

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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.

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Motoring

Maserati’s Mena sales surge 155pc in 2014

Italian luxury car manufacturer Maserati has reported a 155 per cent increase in 2014 sales in the Mena region compared to the same period in the previous year.

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Health & Environment
Miscellaneous

Joint Bahrain-Saudi bid to host Olympics rejected

Plans for a joint Bahrain-Saudi Arabia bid to host a future Olympic Games have been rejected outright by the International Olympic Committee (IOC).

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