Saturday 19 April 2014

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FROZEN FUNDS RELEASED
Iran cuts sensitive nuclear stockpile

Iran has acted to cut its most sensitive nuclear stockpile by nearly 75 percent in implementing a landmark pact with world powers, but a planned facility it will need to fulfil the six-month deal has been delayed, a UN report showed.

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1

QATAR ISSUE
Gulf states 'agree on steps to heal rift'

Gulf states took a step towards resolving a severe rift in the alliance by agreeing on ways to implement a security agreement they reached last year.

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2

INFLATIONARY PRESSURES
Egypt central bank 'to keep interest rates on hold'

Egypt's central bank will keep interest rates on hold next Thursday as it balances the need to fight inflation while supporting the currency and stimulating an economy battered by more than three years of upheaval, a Reuters poll showed.

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3

NEW DISCOVERY
In cloning first, stem cells made from adults

Scientists have moved a step closer to the goal of creating stem cells perfectly matched to a patient's DNA in order to treat diseases, they announced, creating patient-specific cell lines out of the skin cells of two adult men.

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4

SPECIAL FEATURE
Women in Gulf begin to crack 'glass ceiling'

The Gulf region's growing wealth, rising education standards for women and government efforts to promote more equal opportunities should help make it easier for women to crack the "glass ceiling".

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5

IMAGE OF THE DAY
Mortar against Maduro

Anti-government protesters fire a mortar at the police during a protest against President Nicolas Maduro's government in Caracas, Venezuela. Students are marching barefoot to try and breathe new life into their movement over Easter.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Drake & Scull Kuwait wins $34.8m deals

Drake & Scull Kuwait (DSI Kuwait), a subsidiary of Drake & Scull International (DSI), has won contracts worth Dh128 million ($34.8 million) in Kuwait.

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Retail & Wholesale
Energy, Oil & Gas

Libya's Zawiya refinery ramps up output

Libya's Zawiya refinery has returned to pre-shutdown output levels at around 60 percent of capacity and is running Brega crude oil, a senior Libyan oil official said.

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Finance & Capital Market

Egypt central bank 'to keep interest rates on hold'

Egypt's central bank will keep interest rates on hold next Thursday as it balances the need to fight inflation while supporting the currency and stimulating an economy battered by more than three years of upheaval, a Reuters poll showed.

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Analysis, Interviews, Opinions

Women in Gulf begin to crack 'glass ceiling'

The Gulf region's growing wealth, rising education standards for women and government efforts to promote more equal opportunities should help make it easier for women to crack the "glass ceiling".

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Industry, Logistics & Shipping

Suez Canal March revenues rise 8.5pc

Revenue from Egypt's Suez Canal rose 8.5 percent to $441.9 million in March from $407.4 million in the same month a year ago, Egypt's state information portal said.

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Travel, Tourism & Hospitality

Al Tayyar Travel Q1 profit rises 28pc

Saudi Arabia's Al Tayyar Travel Group posted a 28.4 percent rise in first-quarter net profit as sales increased and it sold property and equipment.

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IT & Telecommunications

Mobily signs telecom deal with Vasco

Saudi Arabia-based Etihad Etisalat (Mobily) has signed a deal with Vasco, to provide connectivity to visitors to the kingdom from across 33 countries.

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Government & Laws

Libya plans 'smart cards' to cut fuel subsidies

Libya plans to limit the costly subsidies its citizens enjoy when buying motor fuel - much of which is smuggled into Tunisia for resale at higher prices - by introducing a "smart card" system like one newly implemented in neighbouring

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Motoring

Family look: Nissan range gets new grille

Nissan plans to put a V-shaped front grille design on most of its models to give itself a "distinct, unified face", says global design chief Shiro Nakamura.

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Health & Environment

1,000-bed maternity hospital for Jeddah

A new 1,000-bed maternity hospital will be built attached to the King Abdullah Medical Complex in Jeddah, Saudi Health Minister Dr Abdullah Al-Rabeeah has announced.

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Education, HR & Training
Miscellaneous

Abraaj buys into Moroccan chocolate firm

The Abraaj Group, a leading investor operating in global growth markets, has announced the acquisition through one of its funds of a stake in Kool Food, a leading Moroccan chocolate confectionery manufacturer based in Casablanca.

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