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 TRADE NEWS

 

 

 
  gulfBID a major success  
  Exhibitors were already signing up for gulfBID 2009 last night as the third edition of the construction and interiors event came to a close.  
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New trends to be discussed at FM conference
Expo to set new records
 
   
  Etihad to get two new A320-200s  
  Etihad Airways has signed a contract with New York-based CIT Aerospace for the lease of two new Airbus A320-200 aircraft.  
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Al Tayyar Travel take stake in Alshamel
Orascom Hotels, Shuaa to build Egypt hotels
 
   
  Oil hits another record near $125  
  Oil hit a record high near $125 a barrel on Friday, boosted by strong demand for diesel fuel, concern about supplies and a renewed bout of buying by investment funds.  
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Total expects Saudi refinery OK soon
Adipec is exhibiting at OTC
 
   
  Kuwait's National Industries mulls stake sale  
  Kuwait's National Industries Group Holding, the country's biggest industrial conglomerate by market value, might sell a 10 percent stake to a foreign investment bank, its chairman said.  
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Glass processing firm seeks to expand base
Egyptian Iron and Steel net surges 229pc
 
   
  Abraaj Capital acquires ME's largest private lab  
  Abraaj Capital announced on Tuesday that it has acquired a 76.9 per cent stake in Al Borg Laboratory, the largest private laboratory in the Middle East, through a public tender offer.  
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HMSDC to host child protection programme
Kuwaiti surgeon performs novel knee joint implant
 
   
  Alomi nets $2m deal at gulfBID  
  Alomi Real Wood Floors has already picked up almost $2 million of business at gulfBID and is hoping it can build on this before the end of the show.  
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Giant kaleidoscope planned in Bahrain
Brisk business at gulfBID expo
 
   
  Orascom Telecom Q1 net income up 25pc  
  Arab regional mobile operator Orascom Telecom said its net income rose 25 per cent to $210 million in the first quarter of 2008, as the firm added nearly 4 million subscribers.  
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du joins EU-India undersea cable alliance
Al Khobar hosts technology forum
 
   
  Dubai World eyes London developer Minerva  
  Shares in Minerva rose by almost a quarter on Thursday after Limitless, a unit of sovereign wealth fund Dubai World, said it was mulling a takeover offer for the British property developer.  
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Mazaya eyes $172m profit from UAE project sale
Ajman firm unveils $408m Boulevard project
 
   
  HSBC lost data of 159,000 account holders  
  Global banking group HSBC has admitted to losing a computer server with the transaction data of 159,000 account holders in Hong Kong branch, sparking anger among some customers who closed accounts.  
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Morgan Stanley backs Salama growth
Financial leaders discuss risk management
 
 
  Toshiba unveils new satellite notebook  
  Toshiba has launched its new range of satellite notebooks which boast of sleek design and sophisticated features.  
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Ajman City Centre drew over 9m visitors
Motorola unveils gold and diamond headset
 
   
  Egypt cbank ups rates to curb inflation  
  The Egyptian central bank said on Friday it raised its key overnight interest rates for the third time this year to contain inflation expectations after recent government decisions to raise the prices of fuel and cigarettes.  
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Egypt inflation hits fresh 3-yr peak on food rises
Nobel winners to study food crisis at Jordan meeting
 
   
  Abu Dhabi firm buys London's ExCel for $626m  
  Abu Dhabi National Exhibitions Company (Adnec), which operates one of the world’s most modern exhibitions and convention centres in the UAE capital, has acquired control of ExCeL London, the UK capital’s leading exhibition and conference venue.  
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Newspapers 'may become free in the future'
ART to set up base in Dubai Studio City
 
   
  Abu Dhabi bourse renamed ADX  
  The UAE capital’s bourse “Abu Dhabi Securities Market” has been renamed as Abu Dhabi Securities Exchange (ADX).   
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HSBC fund dumps pricey commodities
Saudi pension agency mulls IPO
 
 
  Egyptian car maker's profit surges 90pc  
  Egyptian car importer and manufacturer Ghabbour Auto said its first-quarter profit nearly doubled on higher sales for passenger cars and commercial vehicles.  
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BIC trusts Ziebart to maintain classic Ferraris
Volkswagen launches Tiguan in Jordan
 
   
  DHL to pump $26.6m into Saudi operations  
  DHL Express will invest over SR100 million ($26.6 million) for infrastructure developments across Saudi Arabia as part of its regional expansion plans, a company official said on Thursday.  
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DHL Bahrain wins IiP award
Athens maritime expo to witness strong ME presence
 
   
  Northrop to set up Riyadh office  
  Northrop Grumman Corporation is expanding its presence in the Middle East region with the opening of a new office in Riyadh.  
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Top fire safety event back in Bahrain
Bahrain to ban Molotov cocktails
 
 
  Dubai students join tree planting drive  
  Three schools in Dubai marked 'Environmental Month' in April by planting trees in the greenbelt area of Green Community as part of an environment campaign in the city.  
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DIP backs Marriott eco campaign
Tatweer joins UN global compact initiative
 
   
  Syria sees low wheat crop, may use reserves  
  Worse than expected weather will plunge Syria's wheat production to a nine-year low this year and the government may use its strategic reserve to help meet domestic needs, a senior agriculture official has said.  
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Egypt extends ration cards to 17m more
Britons throw away food worth $20bn a year
 
   
  New visa centre for France, Germany, Italy  
  The Consulate General of France in Dubai, in cooperation with the Consulate General of the Germany and the Consular agency of Italy, has opened a new visa application centre.  
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Dubai’s VAT plans ‘on track’
Bahrain in key UN council bid
 
   
  QF honours graduates at Education City  
  Qatar Foundation held its first convocation ceremony to honour the 2008 graduating class of its landmark project Education City.   
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Hyder Consulting hosts engineering seminar
Qatar to set up music academy
 
   
  Treated wastewater ‘can be used for irrigation’  
  The use of treated wastewater for irrigation saves the country’s limited water resources in the long run, according to an expert.  
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AfDB adds $1bn in loans for Africa food crisis
ME housing boom fuels garden equipment sales