Saturday 13 February 2016

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TURKEY MAY JOIN GROUND OPS
Saudi Arabia sends fighter jets to Turkey for big IS battle

Saudi Arabia is sending fighter jets to Nato-member Turkey's Incirlik air base for the war against Islamic State militants in Syria, Turkish Foreign Minister Mevlut Cavusoglu was reported as saying on Saturday.

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1

GROUND TROOPS' DECISION SOON
Assad's ouster certain despite Russia's backing, says Saudi

Bashar Al Assad will not be ruling Syria in the future and Russia's military interventions will not help him stay in power, Saudi Arabia's Foreign Minister Adel Al Jubeir told a German newspaper in an interview published on Saturday.

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2

PORT INFRASTRUCTURE PROJECTS
DP World plans over $1bn India investment

Dubai-based global marine operator DP World said it plans to invest more than $1 billion in India over the next few years mainly in infrastructure development at its port operations in the country.

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3

MONEY MATTERS
Gold stages comeback as equities melt down

Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status.

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4

SPECIAL REPORT
Shock slump across European industry bodes ill for 2016

Europe's top four economies suffered steeper drops in industrial output during December than any analyst had forecast, a grim sign for the global economy as it struggles to sustain momentum.

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5

IMAGE OF THE DAY
Spanish shooting star

Actress Maria Valverde of Spain one of the European Shooting Stars 2016, poses during a photocall at the 66th annual Berlin International Film Festival, in Berlin, Germany, on February 13. The Berlinale runs until February 21.-Epa

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sharjah fit-out group GDS eyes 25pc growth

Gulf Dynamic Services (GDS), a leading provider of turnkey interior fit-out solutions based in Sharjah, UAE, said it is targeting a 25 per cent growth in turnover this year amid a surge in new hospitality projects in the region.

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Retail & Wholesale

Axiom Care continues GCC expansion

Axiom Care, the region’s largest after-sales service provider for mobile devices, axiom care, is continuing to expand ad currently has more than 25 service points in the region, which include eight in the UAE, and 17 in Saudi Arabia.

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Energy, Oil & Gas

Oil may hit $50 in mid-2017, says Kuwait Petroleum

Kuwait Petroleum International (KPI) said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official state news agency reported.

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Finance & Capital Market

Dubai Holding unit's net profit up 25pc

Dubai Holding Commercial Operations Group, a business group of Dubai Holding, said on Saturday its 2015 net profit grew 25 per cent to Dh5.83 billion ($1.59 billion).

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Analysis, Interviews, Opinions

Millennials shifting car ownership trends

When Toyota Motor looked to the future at the turn of the millennium and aimed its new, edgy Scion small-car brand at 20-somethings, it could not have guessed that the model would be dead after just 12 years.

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Industry, Logistics & Shipping

DP World plans over $1bn India investment

Dubai-based global marine operator DP World said it plans to invest more than $1 billion in India over the next few years mainly in infrastructure development at its port operations in the country.

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Travel, Tourism & Hospitality

Air India Express to launch RAK flights

Air India Express, India’s leading low-cost carrier, will start flights to Ras Al Khaimah, UAE, from Kozhikode (Calicut) in the Indian state of Kerala on March 28.

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IT & Telecommunications

Apple to launch new iPhone, iPad in March

Apple is on target to introduce its next iPhone and iPad models on March 15, and aims to start selling the devices in the same week, technology blog 9to5Mac reported, citing sources.

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Lifestyle

$1bn luxury project coming up at Shakespeare theatre site

UK residential developer Galliard Homes has joined hands with top developers Cain Hoy and McCourt and Chinese real estate group Vanke to launch a £750-million ($1.07 billion) mixed-use project - The Stage in Shoreditch, UK.

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Motoring

Maserati posts record ME sales for 5th year

Italian luxury car manufacturer Maserati said it has achieved its fifth consecutive record year in terms of sales across the Middle East, India and Africa (MEIA) region in 2015.

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Health & Environment

WHO cautions travellers heading to Zika hotspots

The World Health Organisation (WHO) has urged travellers, especially pregnant women, to take extra precautionary measures while visiting countries where cases of Zika virus infections have been reported.

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Media & Promotion

Nasdaq to acquire news distributor Marketwired

Nasdaq said it would acquire newswire operator and press release distributer Marketwired LP for an undisclosed sum, adding to the exchange operator's corporate services offerings.

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Education, HR & Training

Abu Dhabi council inks student charter deal

The Abu Dhabi Education Council (ADEC) said it has signed an agreement with Khalifa Student Empowerment Program (Aqdar) for the speedy activation of the National Charter for Students’ Awareness.

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Miscellaneous

Saudi Arabia sends fighter jets to Turkey for big IS battle

Saudi Arabia is sending fighter jets to Nato-member Turkey's Incirlik air base for the war against Islamic State militants in Syria, Turkish Foreign Minister Mevlut Cavusoglu was reported as saying on Saturday.

More…
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