0
ENERGY EXPLORATION BOOST
Taqa, Halliburton ink Saudi chemical plant JV
Saudi Arabia-based Industrialisation & Energy Services Company (Taqa) has entered into a joint venture with Halliburton Multi-Chem to set up a chemical manufacturing plant in Jubail Industrial City in the kingdom.
1
COST CUT MOVES
Aramco puts on hold Red Sea deepwater exploration
State oil giant Saudi Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economises in an environment of low crude prices, industry sources said.
2
Q4 PROFIT JUMPS 88pc
Waha Capital plans $870 million investment
Abu Dhabi investment firm Waha Capital plans to invest Dh3.2 billion ($872 million) in the short-term to grow its energy, healthcare and infrastructure portfolio, its chief executive said on Sunday.
3
ANALYSIS
Oil price slump: Firms to react with mergers
The intense pressure created by oil prices falling below $50 is challenging cash flows, to which companies are expected to respond with mergers and acquisitions and reshape the competitive landscape to their advantage, a report said.
4
ANALYSIS
Islamic finance looks to outgrow 'bad habits' as it expands
After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.
5
IMAGE OF THE DAY
Yes, it's Djokovic
Novak Djokovic of Serbia celebrates after defeating Andy Murray of Britain in their men's singles final match at the Australian Open 2015 tennis tournament in Melbourne on February 1.
Top Trade News
 | Industry Sectors |
Building material prices down 25pc in Saudi Arabia
The prices of building materials across Saudi Arabia have witnessed a 25 per cent drop and are expected to decline further in the coming months, said a report.
More…
Seef opens new waterfront mall in Bahrain
A new BD20 million ($52.6 million) waterfront shopping mall has opened for business in the Muharraq district of Bahrain.
More…
Aramco puts on hold Red Sea deepwater exploration
State oil giant Saudi Aramco has put on hold its deepwater oil and gas exploration and drilling activities in the Red Sea because of high costs as it economises in an environment of low crude prices, industry sources said.
More…
Dubai Investments profits up 63pc to $365m
Dubai Investments (DI), a leading investment company, today announced unaudited, preliminary net profit of Dh1.341 billion ($365 million) for 2014, a 63 per cent increase compared to Dh822.32 million achieved in 2013.
More…
Islamic finance looks to outgrow 'bad habits' as it expands
After a year of landmark deals which are opening new markets for Islamic finance, the industry is under fresh pressure to address some of its shortcomings and prove that it is not just an imitation of conventional finance.
More…
Gulf Industry Fair to showcase downstream aluminium
The strength of the aluminium downstream sector and ‘value added’ products will be on full display at the Gulf Industry Fair 2015, a leading industrial B2B exhibition in the Northern Gulf region, which opens in Bahrain this week.
More…
Mena hospitality industry witnesses growth
The Mena region’s hospitality industry witnessed significant growth across key performance indicators (KPIs) in November 2014, a recent survey indicated.
More…
Zain Kuwait Q4 net profit drops 35pc
Zain Group, Kuwait's No 1 telecom operator by subscribers, reported a 35 per cent drop in fourth-quarter profit on Sunday, short of two analyst forecasts.
More…
Dubai hosts ‘world’s most expensive’ fashion show
Dubai Shopping Festival (DSF) in partnership with Dhamani, recently hosted the “Diamond Fashion Show”, dubbed the most expensive fashion show in the world featuring a display of diamond jewellery worth over $100 million.
More…
KHP named F1 Paddock Club distributor
KHP Consulting has announced it is an officially authorised Formula One Paddock Club global distributor for the year.
More…
US experts review sickle cell treatment in Bahrain
A team of US experts will report back to Bahrain’s Health Ministry within a month after conducting a review of the kingdom’s sickle cell disease (SCD) treatment programme.
More…
Over half of Mideast read email on smartphones
More than half (61 per cent) of email newsletter recipients read their emails in their smartphones in the Middle East, a report said, highlighting that this number is higher compared to global average of 48 per cent.
More…
Etisalat to offer jobs to Emiratis at Abu Dhabi fair
Etisalat, a major telecom group, will offer career opportunities to large pools of qualified candidates in the UAE at Tawdheef Abu Dhabi 2015, a leading jobs fair that opened today (February 1).
More…
GCC move to block crime-linked expats
The Gulf Cooperation Council (GCC) is working on a joint database project that will provide information on foreign workers involved in criminal activities in all the six countries, a report said.
More…
