Sunday 13 July 2014

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WORK TO START SOON
$327m Nakheel Mall construction deal signed

The new Nakheel Mall on Palm Jumeirah in Dubai moved a step closer today with the official signing of the Dh1.2 billion ($327 million) construction contract.

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1

JABAL SAYID PROJECT
Barrick, Ma'aden to form JV on Saudi copper asset

Barrick Gold said on Sunday it is forming a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid copper asset in the kingdom, a move that could see the long-delayed mine finally begin production in late 2015.

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2

POLICE CHIEF HURT IN ATTACK
Gaza death toll rises; Rockets fired at Tel Aviv

An Israeli air strike on the home of Gaza's police chief killed 18 people on Saturday, Gaza's health ministry said, and Hamas fired the largest salvo of rockets yet on Tel Aviv since the start of the latest offensive.

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3

SPOTLIGHT
Mideast HNW business owners focus on growth

Growing their business remains the primary and dominant goal for High Net Worth (HNW) business owners in the Middle East, according to a new study.

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4

Argentina wants Messi to do a Maradona

Maradona still revels in the glory of leading Argentina to their second World Cup victory almost 30 years ago, while Messi dreams of inspiring them to a third on Sunday. If he does, he will become one of the all-time great players.

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5

IMAGE OF THE DAY
Super stork

A stork is silhouetted against the Supermoon in its nest in downtown Arriate, Malaga. Supermoon occurs when a full moon coincides with the closest approach the moon makes to the Earth.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Crucial report deadline set for Bahrain building

Owners of a landmark Manama building abandoned for the past eight years have been given until the end of the month to submit an independent structural report stating whether it should be torn down or saved.

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Retail & Wholesale
Energy, Oil & Gas

Dana Gas wins payments from Kurdistan

Dana Gas, one of the largest oil and gas investors in Iraq's semi-autonomous Kurdish region, said on Sunday that an arbitration tribunal had awarded it the right to receive some outstanding payments from the Kurdish government.

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Finance & Capital Market

Al Rajhi Bank Q2 profit slips 8.2pc

Al Rajhi Bank, Saudi Arabia's largest listed lender, posted a 8.2 percent decrease in its second-quarter net profit, it said in a bourse statement on Sunday, in line with analyst forecasts.

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Analysis, Interviews, Opinions

World cities to add 2.5bn more by 2050: UN

More than half of the world's seven billion people live in urban areas, with the top "mega cities" - with more than 10 million inhabitants - being Tokyo, Delhi, Shanghai, Mexico City and Sao Paulo, according to a UN report on Thursday.

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Industry, Logistics & Shipping

Barrick, Ma'aden to form JV on Saudi copper asset

Barrick Gold said on Sunday it is forming a joint venture with Saudi Arabian Mining Co (Ma'aden) to run its Jabal Sayid copper asset in the kingdom, a move that could see the long-delayed mine finally begin production in late 2015.

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Travel, Tourism & Hospitality

Emirates, India hospital deal offers special fares

Dubai-based Emirates has teamed up with top healthcare provider Apollo Hospitals to offer specially formulated fares for round-trip flights on the airline to the hospital’s flagship locations in India.

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IT & Telecommunications

Summer likely to heighten cyber threat for ME users

Shorter working hours during Ramadan and summer vacations mean increased usage of computers and smartphones, placing users at a greater risk of falling victim to viruses, identity theft and a host of other threats, said a security expert.

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Government & Laws

Iraq headed for chaos unless politicians unite: UN

Iraqi soldiers backed by Shi'ite militias fought Sunni rebels for control of a military base northeast of Baghdad as a UN envoy warned of chaos if divided lawmakers did not make progress on Sunday towards naming a government.

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Motoring

First driverless car launched in Saudi

BYD Auto, a Chinese automobile manufacturer based in Shenzhen, recently launched its first car in Saudi Arabia that can be driven without a driver through a remote control, a report said.

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Health & Environment

Emirates, India hospital deal offers special fares

Dubai-based Emirates has teamed up with top healthcare provider Apollo Hospitals to offer specially formulated fares for round-trip flights on the airline to the hospital’s flagship locations in India.

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Media & Promotion
Education, HR & Training

SME development centre launched in Bahrain

Bahraini businessman Farouk Almoayyed is launching a new centre that aims to support young job-seekers by offering essential tools that can transform them into successful entrepreneurs and business owners.

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Miscellaneous
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