Tuesday 21 October 2014

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FOCUS ON SEVEN KEY SECTORS
UAE aims to become 'most innovative nation' in 7 years

The UAE aims to become one of the most innovative countries in the world in the next seven years under a national strategy launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister.

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1

BANK TOLD TO CUT RISKS
StanChart readies to close thousands of UAE accounts

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

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2

ESCROW ACCOUNT A MUST
Bahrain approves law to protect property investors

A new law designed to resolve failed multimillion-dinar investment projects and protect investors was approved by Bahrain’s Cabinet yesterday (October 19).

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3

SPECIAL REPORT
ME firms challenged in attracting, retaining talent

Organisations in the Middle East are facing greater challenges than employers elsewhere in the world with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill and high potential employees, a report said.

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4

SPECIAL REPORT
Tehran train trip newest luxury pursuit

A luxury train connecting the capitals of Hungary and Iran left Budapest for the first time, with 70 passengers set to cross the Balkans, the Bosphorus and Kurdistan on the way to Persia aboard a set of deluxe railcars.

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5

IMAGE OF THE DAY
Sensing victory

Kurdish refugee children from the Syrian town of Kobani flash victory signs on October 20. The US military said it had air-dropped arms to Syrian rebels fighting Islamic State militants near Kobani on Sunday.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai to launch Phase II of Water Canal

Dubai's Roads and Transport Authority (RTA) has announced plans to launch the second phase of the Water Canal project as the work on the traffic diversion at Al Wasl Road nears completion.

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Retail & Wholesale

Qatar to buy $616m stake in HK retail operator

Qatar's sovereign wealth fund has agreed to buy a HK$4.78 billion ($616 million) stake in Lifestyle International Holdings, operator of the SOGO department stores in Hong Kong and mainland China, Lifestyle said on Monday.

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Energy, Oil & Gas

Ras Laffan terminal marks 5,000th loading

Qatargas has achieved yet another significant milestone with Ras Laffan Terminal Operations (RLTO) celebrating the loading of its 5,000th cargo on October 13, the equivalent of more than two billion barrels of product.

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Finance & Capital Market

StanChart readies to close thousands of UAE accounts

Standard Chartered has notified thousands of UAE small and medium enterprise customers it is closing their accounts as it responds to pressure from US regulators to cut its risks following an anti-money laundering settlement.

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Analysis, Interviews, Opinions

ME firms challenged in attracting, retaining talent

Organisations in the Middle East are facing greater challenges than employers elsewhere in the world with 70 per cent of the firms admitting difficulty in attracting and retaining critical skill and high potential employees, a report said.

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Industry, Logistics & Shipping

Aramex aims for two acquisitions in 2015

Dubai-listed logistics firm Aramex is targeting at least two acquisitions in 2015 as part of the company growth strategy, its founder and vice-chairman said on Monday.

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Travel, Tourism & Hospitality

Regional funding boom for plane deliveries: Boeing

Boeing, a leading aircraft manufacturer, said today that commercial financial institutions in the Middle East are increasingly funding the region’s record number of airplane deliveries.

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IT & Telecommunications

Thales wins Qatar satcom deal

Thales, a leading global supplier of secure end-to-end satellite communication solutions, has won a contract to supply the Qatar Armed Forces with a military satellite communications system.

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Lifestyle

Moda Mall showcases Bahrain-based artist’s work

An art exhibition themed “The Rhythm of Life” by Bahrain-based artist, Peter W. Rushton was launched at Moda Mall, located on the ground floor of the Bahrain World Trade Centre.

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Motoring

Al Futtaim launches new Lexus IS 250

Al-Futtaim Motors, the exclusive distributor of Lexus in the UAE, has launched the 2015 Lexus IS 250 with F Sport features for motorists looking for high performance and outstanding design.

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Health & Environment

Regional health regulation to be focus of Dubai conference

The latest developments and advancements in the field of health regulation will be highlighted during the First Regional Health Regulation Conference, which will take place at the Conrad Hotel, Dubai, UAE.

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Media & Promotion

Zayed Future Energy Prize winners selected

The Zayed Future Energy Prize jury has selected the winners of the 2015 awards in the final phase of the four-stage evaluation process and the names will be announced at a special awards ceremony on January 19, 2015.

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Education, HR & Training

Govt jobs ‘most preferred by Emirati professionals’

The majority of Emirati professionals prefer the government as employer, followed by military, defence and police services, oil, gas and petrochemicals and banking and finance, a report said.

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Miscellaneous

Mena Aerospace to launch dream flight initiative

Mena Aerospace has launched its latest corporate social responsibility (CSR) programme with a concept providing a day of dreams for the children of Al Sanabel Orphanage as well as Dream Kids in Bahrain.

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