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LNG INCOME BOOST
Qatari gas export revenue surges in April, oil down
Qatar, the world's largest exporter of liquefied natural gas, generated nearly four times as much revenue from gas exports than from crude oil sales in April, preliminary data from the Qatar Statistics Authority showed.
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SPILLOVER EFFECTS
World Bank watching Fed, ready to respond
The World Bank is concerned about the spillover effects on developing countries of a slowing of US money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday.
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KUDU BUSINESS VALUED AT $400m
KKR among bidders for Saudi fast food chain
A majority stake in Saudi fast food chain Kudu has been put up for sale and private equity firm KKR is among the bidders, four banking and industry sources said on Wednesday.
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ANALYSIS
Global trends boost Gulf banks as foreign rivals retrench
The financial crisis has in the last few years prompted some big Western banks to pull in their horns, cutting their teams as they focus on repairing their balance sheets back home. This has left a gap for Gulf banks to fill, says a report.
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SPECIAL REPORT
Oil traders diversify into food, metals eyeing profits
Energy trading houses are diversifying into food commodities and metals, which makes them likely to invest in assets such as port capacity as they copy their rival Glencore Xstrata to escape excessive reliance on oil, said a experts.
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IMAGE OF THE DAY
Combat ready
Iraqi Special Operations Forces members take part in a military exercise at a military base near Baghdad International Airport on June 19.
Top Trade News
 | Industry Sectors |
AECOM wins $148m Doha Expressway contract
AECOM Technology Corporation said it has won a $148 million three-year contract from Qatar government to provide construction-supervision and design-review services for a portion of the Doha Expressway program.
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One-third of Mena consumers shopping online
Roughly 33 per cent of Mena consumers now make online purchases and industry analysts expect e-commerce in the region to reach an estimated $15 billion in 2015, an industry expert said.
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Qatar plans $46m investment in top solar group
Qatar Solar, the country's major renewable energy initiative, is set to boost its stake in SolarWorld, a top German solar energy company, with an investment of 35 million euros ($46.8 million) under a new debt restructuring plan.
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Kuwait April inflation climbs to 2.8pc y/y
Kuwait's inflation climbed to 2.8 per cent year-on-year (y/y) in April compared to 2.2 per cent the previous month, mainly due to a sharp rise in food and housing prices, said a report.
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Global trends boost Gulf banks as foreign rivals retrench
The financial crisis has in the last few years prompted some big Western banks to pull in their horns, cutting their teams as they focus on repairing their balance sheets back home. This has left a gap for Gulf banks to fill, says a report.
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DP World extends maturity date on $1bn loan
DP World , the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1 billion revolving credit facility for an additional year as it secured attractive market terms.
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Orders top $100bn as Boeing, Airbus battle it out
Orders at the Paris Airshow surpassed $100 billion on Wednesday, as planemakers Boeing and Airbus cashed in on demand for fuel-efficient jets and growth in both budget carriers and emerging markets.
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Zain eyes IT acquisitions to boost data services
Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help offset falling conventional call and text income, said its chief executive.
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UAE ministries discuss draft law for juveniles
The UAE Ministry of Interior and Ministry of Social Affairs held a key meeting to discuss the existing draft law for juveniles and proposed certain amendments in this connection.
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Aston Martin rolls out new Vanquish Volante
British car maker Aston Martin has unveiled the new Vanquish Volante, a new luxury sports car that brings the thrill of open top motoring to the super GT class.
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Qatar plans $46m investment in top solar group
Qatar Solar, the country's major renewable energy initiative, is set to boost its stake in SolarWorld, a top German solar energy company, with an investment of 35 million euros ($46.8 million) under a new debt restructuring plan.
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New spabike launched in UAE
Spabulous Solutions has announced the launch of spabike, an entirely new concept offering innovation and privacy in aqua therapy in the Middle East region.
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Bahrain university campus project on track
The work at the BD13 million ($35.3 million) Applied Science University Campus being built on an area of 24,000 sqm in Bahrain is progressing well and is due for completion by the end of the month, said a report.
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Wadi makes splash in booming MICE market
Wadi Adventure is making a splash in the Meetings Incentives Conferences and Exhibitions (MICE) market, as more UAE companies look to raft, kayak and surf their way through traditional team-building exercises than ever before.
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