Friday 29 August 2014

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SURGE IN CONSTRUCTION LIKELY
600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government.

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1

$500n NEEDED SAYS WHO
West Africa Ebola outbreak 'could infect 20,000 people'

The Ebola epidemic in West Africa could infect more than 20,000 people, the UN health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.

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2

102 COUNTRIES TO BENEFIT
Bahrain to launch hi-tech online visa system

Bahrain will launch a hi-tech visa system on October 1, making it possible for visitors from 102 countries to secure their entry visas online.

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3

ANALYSIS
Discounts battle on the high seas hurting carriers

The global ocean freight business including the majority of carriers and forwarders rely on discounts, not on value-driving sales activities, to generate business, a report said, adding fewer price battles would do the industry some good.

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4

FOCUS
Bitcoin showing some staying power

Bitcoin is catching on at US online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power.

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5

IMAGE OF THE DAY
Burning Man

People gather around the art installation Embrace during the Burning Man 2014 "Caravansary" arts and music festival in the Black Rock Desert of Nevada.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

600,000 Saudis eligible for housing aid

More than 600,000 Saudi Arabian families have been found eligible for housing aid under a new scheme designed to ease a shortage of homes which has depressed living standards and is politically sensitive for the government.

More…
Retail & Wholesale

Samsung unveils smartwatch that can make calls

Samsung Electronics on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm's latest effort to find a new growth driver.

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Energy, Oil & Gas

Saudi Arabia's oil usage tops economic growth

Saudi Arabia’s annual rate of energy consumption has grown to an average of 3.8 million oil barrels per day, marking an increase of more than 5 per cent while the economic growth rate reached 4 per cent, a report said.

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Finance & Capital Market

Bahrain to meet investors ahead of potential bond

Bahrain has chosen four banks to arrange investor meetings before a potential long-dated sovereign bond issue, said a document on Tuesday from lead managers for the kingdom's first debt issue in over a year.

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Analysis, Interviews, Opinions

US air strikes on Syria could face formidable obstacles

American forces face formidable challenges as President Barack Obama considers an air assault on Islamist fighters in Syria, including intelligence gaps and fears that the militants may have anti-aircraft weapons.

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Industry, Logistics & Shipping

DP World’s like-for-like profit up 41pc in H1

DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like basis.

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Travel, Tourism & Hospitality
IT & Telecommunications
Government & Laws

Two-day weekend proposal stays: Saudi ministry

The Saudi Labor Ministry has clarified that it has no plans to withdraw a proposal for 40-hour work week and two-day weekend system in the private sector, a report said.

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Motoring
Health & Environment

West Africa Ebola outbreak 'could infect 20,000 people'

The Ebola epidemic in West Africa could infect more than 20,000 people, the UN health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.

More…
Media & Promotion

400 exhibitors to showcase at Dubai signage show

More than 400 exhibitors from across 30 countries and more than 10,000 trade visitors are set to take part in a top signage show in Dubai in January next year.

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Education, HR & Training

ICDL to crackdown on fake certificate racket

ICDL Arabia has warned that it will take tough and immediate legal actions against all those who illegally produce, sell and grant fake ICDL certificates.

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