Thursday 2 April 2015

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'ATTRACTIVE MARKET'
DP World to buy Canada terminal for $457m

Dubai-based DP World, a major global marine terminal operator, plans to acquire Maher Terminal’s Fairview Container Terminal (Fairview) in Prince Rupert, Canada from Deutsche Bank for $457 million.

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1

US THREATENS TO EXIT
Iran nuke talks limp on; deal seen close but elusive

Major powers and Iran stretched marathon talks on Tehran's nuclear programme into a second day past their deadline, with diplomats saying prospects for a preliminary agreement were finely balanced between success and collapse.

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2

UPGRADE FOR JEBEL ALI UNIT
UAE plans to boost gas import capacity

The United Arab Emirates plans to increase its gas import capacity and sees a fall in liquefied natural gas (LNG) prices as an incentive for many countries to diversify their gas supplies, the country's energy minister said on Wednesday.

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3

SPECIAL REPORT
From brides to battlefield, women in new roles with IS

Women travelling to join Islamic State militants are no longer just seeking to become "jihadi brides" but are taking on new roles, on the frontline in logistics and intelligence and as medics, according to military and expert sources.

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4

ANALYSIS
Basel III ‘will aid Islamic banks' liquidity management’

Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said.

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5

NEWS IN PICTURES
New Street 750 hits the road

Monther Al-Mutlaq Trading Est, the authorised dealer for Harley-Davidson in Bahrain and Saudi Arabia, recently launched the new Harley-Davidson Street 750 during a special event in Bahrain, attended by over 400 motorcycle connoisseurs.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Al Jaber Group suspends CFO

Abu Dhabi's Al Jaber Group, which restructured substantial debt last June, has suspended its chief financial officer ahead of disciplinary action, the conglomerate said on Wednesday.

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Retail & Wholesale

Gitex Shopper Spring 2015 opens in Dubai

Gitex Shopper Spring 2015, one of the biggest consumer electronics retail shows in the Middle East, opened today (April 1) in Dubai, UAE, featuring a mix of regional and global brands and retailers offering deals on over 35,000 products.

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Energy, Oil & Gas

Taqa slashes capex plans after big Q4 loss

Abu Dhabi National Energy Company (Taqa), the state-owned oil explorer and power supplier, said on Wednesday it would slash its capital expenditure plans and costs after posting big losses in the fourth quarter on lower oil prices.

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Finance & Capital Market

UAE President issues new companies law

The UAE President HH Sheikh Khalifa bin Zayed Al Nahyan has issued a new federal law on commercial companies which is aimed at strengthening the country's competitiveness regionally and globally.

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Analysis, Interviews, Opinions

Basel III ‘will aid Islamic banks' liquidity management’

Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality
IT & Telecommunications

South Sudan plans fibre-optic cables

South Sudan plans to lay a fibre-optic cable to bring broadband Internet to its citizens in the next two years, its minister for telecommunications and postal services said.

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Lifestyle

McLaren unveils all-new 570s coupe

British automaker McLaren has unveiled the first model to be launched in its Sports Series family, called the 570S Coupé, which will debuts at the 115th New York International Auto Show tomorrow (April 1).

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Motoring

Jaguar Mena launches ‘Rapid Drop-Off Service’

Leading manufacturer of premium luxury vehicles Jaguar Mena has launched the Jaguar Rapid Drop-Off Service, underscoring efforts to offer Jaguar owners a five-star customer experience.

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Health & Environment

650 experts for Abu Dhabi environmental summit

More than 650 delegates from government, UN bodies and the private sector will discuss the information gap policy makers face in designing plans for sustainable development at an upcoming conference in Abu Dhabi, UAE.

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Media & Promotion

Qatar 2022 World Cup ‘may not need cooling systems’

A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament, said an executive from the Gulf state's 2022 organising committee.

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Education, HR & Training

Autodesk launches 3D design, printing app for kids

Autodesk, a leader in 3D design and engineering software, has launched Tinkerplay, a free app designed for kids of all ages that introduces creative play through 3D design and 3D printing.

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Miscellaneous

US ends freeze on military aid to Egypt

The United States announced on Tuesday it was lifting its hold on the supply of military equipment to Egypt, which was frozen when the military took power in Cairo nearly two years ago.

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