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HOUSING, UTILITY COSTS FALL
UAE April inflation eases to 0.9pc y/y
The consumer prices in the UAE slowed to 0.9 per cent year-on-year due to a drop in the housing and utility costs compared to the previous month, the data from the National Bureau of Statistics showed.
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PEACE PLANS SUFFER
US chides Russia over missile delivery to Assad
The United States chided Russia for sending missiles to the Syrian government as plans for a peace conference promoted by Washington and Moscow were hit by diplomatic rifts over its scope and purpose.
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CHINA, RUSSIA SUPPORT SOUGHT
Turkey pressures UN on Syria no-fly zone
Turkish Prime Minister Tayyip Erdogan said it would be up to the UN Security Council to decide whether to establish a no-fly zone inside Syria and said he backed the involvement of Russia and China in planned peace talks.
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ANALYSIS
Change looms for Ethiopia's ancient salt trade
For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.
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OPINION
EOR 'will anchor oil prices below $100'
Enhanced oil recovery (EOR) techniques could boost US domestic oil production by 4 million barrels per day for 50 years, while storing all the emissions from 93 power plants, at a price of just $85 per barrel, according to an estimate.
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Stepping up security
Members from the police bomb squad make an inspection before the inauguration of National Mane Garrincha Stadium in Brasilia, May 18, 2013. The stadium will play host to the Confederations Cup and 2014 World Cup. Reuters/Ueslei Marcelino
Top Trade News
 | Industry Sectors |
DWC to build new agent warehouses
Dubai World Central (DWC), the world’s first purpose-built aerotropolis, has unveiled big development plans at its upcoming Logistics District, including the start of the construction on the fourth complex of agent warehouses.
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D’damas opens new outlet in India
D’damas, a joint venture between leading jewellers Gitanjali Group and Dubai-based Damas, has announced the launch of its 4,000 sq ft store at Lucknow, the capital of north Indian state of Uttar Pradesh.
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European oil price investigation widens
The European Commission investigation into possible oil price manipulation extended beyond three major companies to a smaller niche trading house, while a Finnish refinery said it had been asked for information.
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BLME eyes 15pc asset growth, stronger Gulf ties
The Bank of London and The Middle East (BLME), Britain's largest standalone Islamic bank, is targeting 15 per cent growth in assets this year, with plans for a Dubai office to help boost its capital markets and wealth management offerings.
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Change looms for Ethiopia's ancient salt trade
For years Ethiopia's independent miners pulled slabs of salt from the earth and slowly transported them by camel. But a modern paved road could change that tradition - and, some fear, invite large companies into the fray.
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Dutch shipyard to build 14 terminal tugs for KOC
Dutch-based Damen Shipyards Group has launched the construction phase of 14 Damen ASD tugs for Kuwait Oil Company (KOC), with deliveries scheduled from 2014 onwards.
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Boeing delivers 777-300 jetliner to Saudia
Boeing has announced the delivery of a 777-300ER (Extended Range) jetliner to Saudia, marking the latest milestone in its longstanding relationship with the Saudi national carrier and the Kingdom.
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Mobily partners with PCCW Global
Mobily, the second largest telecoms company in Saudi Arabia, said its subsidiary Bayanat Al Oula has signed a co-operation agreement with PCCW Global to enhance its business opportunities.
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Saudi says hackers sabotage govt websites
Several government websites in Saudi Arabia were sabotaged in a series of heavy cyber attacks from abroad in recent days, disabling them briefly until the attacks were repelled, the government said.
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New Jaguar F-TYPE makes UAE debut
UAE-based Al Tayer Motors has launched Jaguar F-TYPE, the new all-Aluminium two-seater convertible sports car from the leading luxury automotive manufacturer Jaguar and Land Rover.
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Patient-to-nurse spread of SARS-like virus reported
Two health workers in Saudi Arabia have become infected with a potentially fatal new SARS-like virus after catching it from patients in their care - the first evidence of such transmission within a hospital, WHO said.
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Emirates inks PSG shirt sponsorship deal
Dubai airline Emirates said it has extended its shirt sponsorship deal with French league champions Paris St Germain (PSG) for another five years.
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Oman Air to invest heavily in staff training
Oman Air, the national carrier of the Sultanate, has committed RO2 million ($5.17 million) to staff training in 2013, having already invested more than RO3.3 million over the previous two years.
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UAE designer hosts fashion show in Bahrain
UAE fashion designer Nazek Al Sabbagh organized a fashion show in Bahrain following the overwhelming successes in UAE and UK for her home-grown label ‘Zari O’Breesam.’
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