Thursday 7 May 2015

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DETAILS AWAITED
Maersk ship released says Iran

Iran has released a Marshall-Islands flagged container ship and its crew which were seized last month in one of the world's major oil shipping lanes, the Students News Agency Isna quoted a foreign ministry official as saying on Thursday.

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1

MID-MARKET BRAND BOOST
Starwood Hotels plans 50 new hotels in ME by 2019

Starwood Hotels & Resorts Worldwide, a luxury hotel group, has announced plans to open 50 hotels over the next four years in the Middle East, buoyed by the high demand for mid-market brands in the region.

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2

GAINS HIT $1.25 BILLION
Emirates net profit soars 40pc on lower oil price

Emirates, Dubai's flagship airline, reported a 40 per cent jump in annual net profit on Thursday, aided by savings from lower oil prices.

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3

ANALYSIS
No instant gains for firms from Saudi market opening

Saudi investment firms are unlikely to see immediate benefits from the opening of the kingdom's stock exchange, according to the chief executive of Jadwa Investment, a leading private investment firm.

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4

Oil's bull run hides a deep disconnect, traders warn

While oil futures prices rebound with vigour as analysts cite strong demand, the physical crude market tells a much more cautionary tale.

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5

NEWS IN PICTURES
Innovators all

The Abu Dhabi Technology Development Committee (TDC) showcased its Innovator Programme, an initiative launched to nurture innovation, creativity, and entrepreneurship within the UAE Community, at the ‘Think Science’ Fair 2015 in Dubai.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Omani firm breaks ground on $320m pipeline project

Oman Oil Refineries and Petroleum Industries Company (Orpic) has broken ground on its $320 million Al Jifinan Terminal project, which involves the construction of a new two-way 290-km-long multi-product pipeline.

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Energy, Oil & Gas
Finance & Capital Market

Saudi debt markets could open to foreign investors

The current makeup of Saudi Arabia’s debt market, and the options for large enterprises looking to raise funds formed the focus for a discussion at the Euromoney Saudi Arabia Conference which concluded yesterday (May 6) in Riyadh.

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Analysis, Interviews, Opinions

No instant gains for firms from Saudi market opening

Saudi investment firms are unlikely to see immediate benefits from the opening of the kingdom's stock exchange, according to the chief executive of Jadwa Investment, a leading private investment firm.

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Industry, Logistics & Shipping

Maersk ship released says Iran

Iran has released a Marshall-Islands flagged container ship and its crew which were seized last month in one of the world's major oil shipping lanes, the Students News Agency Isna quoted a foreign ministry official as saying on Thursday.

More…
Travel, Tourism & Hospitality
IT & Telecommunications

Huawei Cloud Conference to make Middle East debut

Huawei, a leading global information and communication solutions (ICT) provider, is set to welcome hundreds of partners, businesses and industry analysts to its first ever Huawei Cloud Conference in the Middle East.

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Lifestyle

Montblanc launches e-strap watch in UAE

Montblanc International, a German manufacturer of luxury accessories, recently introduced its first e-strap timepiece in the UAE at a stylish event in Dubai Marina.

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Media & Promotion

GCC’s top 50 brands see 23pc rise in value

The total brand value for the Middle East’s top 50 brands has increased 23 per cent between 2014 and 2015 from $50.3 billion to $61.7 billion, a report said.

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Education, HR & Training

HR technology trends in focus at Dubai summit

The latest trends in implementing technology for human resources (HR) function in the Middle East and North Africa (Mena) region will be shared exclusively at a conference in Dubai, UAE next week.

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Miscellaneous

SpaceX tests passenger spaceship’s escape system

A Space Exploration Technologies' passenger spaceship made a quick debut test flight on Wednesday, shooting itself off a Florida launch pad to demonstrate a key emergency escape system.

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