Sunday 19 April 2015

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TOP HOMES IN ABU DHABI
Mubadala to launch luxury residential units

UAE-based Mubadala Real Estate & Infrastructure said it is set to develop more than 140 apartments - one-, two- and three-bedroom units - in the heart of capital Abu Dhabi that will offer five-star luxury living.

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1

PROFITS FALL TO $1bn
Sabic Q1 revenues down 28pc to $9.48bn

Revenues at Saudi Basic Industries Corp (Sabic) plunged 28 per cent from a year earlier to SR35.56 billion ($9.48 billion), and dropped 18 per cent from the previous quarter, acting chief executive Yousef Abdullah Al-Benyan said on Sunday.

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2

BIG RACE TODAY
Thousands throng Bahrain F1 circuit

Tens of thousands of spectators flocked to Bahrain International Circuit (BIC) yesterday to soak up the Formula One atmosphere ahead of today's (April 19) big race, a report said.

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3

FOCUS
Foreigners queue for opening of $500bn Saudi bourse

As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia's.

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4

SPOTLIGHT
Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

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5

NEWS IN PICTURES
Auto Audi

Germany's Federal Minister of Transport and Digital Infrastructure Alexander Dobrindt test drove under realistic conditions an Audi A7 piloted driving concept vehicle. The car drives autonomously – including lane changes and passing.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi planning council to unveil corporate vision

The Abu Dhabi Urban Planning Council (UPC) will unveil a new corporate vision at the upcoming Cityscape 2015 that more accurately defines its role, said top officials.

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Retail & Wholesale

Qatar's Aamal, German group in retail JV

Qatar-based Aamal Company said it has joined hands with German retail mall operator ECE Projektmanagement to set up a new company to manage its new shopping centres in the country.

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Energy, Oil & Gas

Dubai oil firm to invest $10bn in Philippines

Kampac Oil, a Dubai-based oil and gas company, plans to double its investments in the Philippines to more than $10 billion, the bulk of which will be spent on its ambitious energy city project, said a report.

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Finance & Capital Market

Iranian banks to cut rates after inflation plunge

Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth.

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Analysis, Interviews, Opinions

Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

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Industry, Logistics & Shipping

ME contract logistics to expand 33pc by 2017

The contract logistics sector in the Middle East region is poised to expand 33 per cent by 2017 – an average of 7.5 per cent a year, according to a report.

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Travel, Tourism & Hospitality

Oman Air seals joint venture deal with Cargolux

Oman Air has signed a joint venture deal with leading European freight carrier Cargolux Airlines International to develop the Muscat airport as a logistics hub for air cargo between India, China, Africa, Europe and the US.

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IT & Telecommunications

Etisalat boosts business broadband speeds

UAE's leading telecom services operator Etisalat said it will boost broadband up to another 50 per cent and provide 200 free voice minutes for its customers subscribed to fixed business bundled propositions, at no extra cost.

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Lifestyle

BMW Middle East Q1 sales up 11pc

BMW Group Middle East said its sales rose 11 per cent in the first quarter of 2015 compared to the same period last year, with a total of 8,302 BMW and MINI vehicles delivered to customers in 12 Middle East markets.

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Motoring

Hamilton fastest in Bahrain GP practice

Formula One world champion Lewis Hamilton limbered up for qualifying with the fastest time in final Bahrain GP practice on Saturday. He beat Ferrari's Sebastian Vettel to win the pole position with a best time of one minute 34.599 seconds.

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Health & Environment

Aldar to open top healthcare unit in Al Reem

Abu Dhabi-based Aldar Properties, a leading real estate firm, is set to bring world-class healthcare facilities to Al Reem Island in the UAE emirate with a 100,000-sq-ft day care centre.

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Media & Promotion

Majority of Arabs back govt use of social media

A majority of Arab people support governments’ use of social media in taking citizen engagement and services delivery to the next level, according to industry experts.

More…
Miscellaneous

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