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50 FRENCH NATIONALS ONBOARD
Air Algerie flight carrying 116 people missing
Authorities have lost contact with an Air Algerie flight with 110 passengers and six crew on board, Algeria's APS state news agency said. The passenger list of the flight included 50 French citizens.
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AIRPORT READY FOR EID RUSH
Dubai H1 passenger traffic up 6pc to 34.67m
Passenger traffic at Dubai International rose to 34,676,090 during the first half of 2014, up 6.2 per cent from the same period last year despite a runway refurbishment programme that cut flights by over 26 per cent during May and June.
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'CHANGE IN STRATEGY'
Taqa pulls out of $1.6bn India power deal
Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday.
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ANALYSIS
Saudi market 'could see $35bn foreign inflow'
Saudi capital market, the largest in the Middle East and North Africa (Mena) region, could draw up to $35 billion once it is opened to direct foreign investments, an analyst has said.
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FOCUS
Supply, demand shift ‘largest risk to farm sector’
The fundamentals of supply and demand are causing concern, with increased consumption in emerging market, climate change and natural disasters affecting supply, said a survey.
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IMAGE OF THE DAY
The remains
Rescue personnel survey the wreckage of a TransAsia Airways turboprop plane that crashed, on Taiwan's offshore island Penghu.
Top Trade News
 | Industry Sectors |
Foundation laid for massive Madinah city
Saudi Arabia has launched work on the massive King Abdullah City for Pilgrims in Madinah with the laying of the foundation for the project. The SR55 billion ($14.66 billion) project, being developed by Dar Al-Hijrah Company.
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Marka to list shares on DFM in mid-September
Dubai retailing and restaurants group Marka plans to list its shares on the Dubai Financial Market (DFM) in the second week of September, in what would be the bourse's first flotation for five years, the company said on Wednesday.
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Taqa pulls out of $1.6bn India power deal
Abu Dhabi National Energy Co (Taqa) is pulling out of a $1.6 billion deal to buy two Indian hydroelectric power plants because of "a change in strategy", a senior Taqa official told Reuters on Thursday.
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Emirates NBD H1 profits surge 30pc to $640m
Emirates NBD, the largest bank in the UAE by total income and branch network, today reported a net profit growth of 30 per cent year on year for the first half to Dh2.350 billion ($639.7 million).
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Supply, demand shift ‘largest risk to farm sector’
The fundamentals of supply and demand are causing concern, with increased consumption in emerging market, climate change and natural disasters affecting supply, said a survey.
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Agthia profit surges 21pc in H1
Agthia Group, one of the UAE’s leading food and beverage groups, has reported a net profit of Dh104.5 million (28.45 million) for the first half of 2014, an increase of 21 percent year-on-year.
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Dubai H1 passenger traffic up 6pc to 34.67m
Passenger traffic at Dubai International rose to 34,676,090 during the first half of 2014, up 6.2 per cent from the same period last year despite a runway refurbishment programme that cut flights by over 26 per cent during May and June.
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Du posts estimate-beating Q2 profit gain
Du, the United Arab Emirates' second biggest telecommunications operator, reported a 15.6 percent rise in second-quarter profit on Thursday, beating analysts' estimates on the back of increased revenue from fixed and mobile services.
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Bahrain King approves tough new traffic law
Bahrain's tough new traffic law was ratified by His Majesty King Hamad, which will quadruple some punishments for motoring offences.
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Audi to introduce lightweight springs
Audi plans to introduce new, lightweight suspension springs made of glass fibre-reinforced polymer (GFRP) in an upper mid-size model before the end of the year, reinforcing its leading role in automotive lightweight construction.
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Paracetamol no use for low back pain: study
Paracetamol, a painkiller universally recommended to treat people with acute low back pain, does not speed recovery or reduce pain from the condition, according to the results of a large trial published on Thursday.
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GfK wins electronic TAM deal in Morocco
Germany-based GfK, a leading provider of audience measurement services, has won a tender with Morocco’s joint industry committee ‘Ciaumed,’ to deliver an electronic TV audience meausurement service (TAM) in the country.
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Bahrain in skills push after jobs data shock
Two-thirds of Bahraini university graduates cannot find work for the first 18 months after finishing their studies, according to a new survey.
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Marmum to boost juices export
Marmum Dairy Farm, a subsidiary of Dubai Investments (DI) and one of the leading dairy brands in the UAE, has announced plans to export over 1.8 million litres of its Raha long-life juices across the Middle East and Africa this year.
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