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2020 GOAL HARD TO REACH: IDB
Abu Dhabi may need to lower industry growth target
Abu Dhabi probably won't reach its target for industrial growth by 2020 and will need to lower it, a senior government official said on Monday.
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DUBAI PROPERTY STOCKS UP
UAE stocks rally, Abu Dhabi tops 4,000 mark
Abu Dhabi's bourse on Monday crossed the 4,000 mark for the first time in five years as it played catch up to gains on neighbouring Dubai market, which extended a rally driven by real estate stocks.
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7.3pc GROWTH
Mideast IT spending to top $32bn in 2014
The Middle East region will be one of the world's fastest growing IT markets with spending on the products and services likely to top $32 billion in 2014 growing at an average 7.3 per cent year on year, according to a report.
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ANALYSIS
Mena banks’ outlook 'in sharp contrast'
The outlook for banks in the Mena region is split between buoyant operating conditions for banks in the Gulf countries and the unsettled political environments that will weigh on banking operations in the rest of the region, a report said.
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SPOTLIGHT
Family, politicans battle over Brand Mandela
From political posters to bottles of wine and kitchen aprons, the face and name of Nelson Mandela are a potent commercial and political brand in South Africa. Little wonder it's so sought after - and the source of occasional squabbles.
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IMAGE OF THE DAY
Drone post
A prototype "parcelcopter" of Deutsche Post DHL flies in front of the company's headquarters in Bonn on December 9. The prototype is a modified microdrone that costs 40,000 euros ($54,900) and can carry packages up to 1.2 kg.
Top Trade News
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Kaloti breaks ground on Dubai gold refinery
Kaloti Jewellery Group has broken ground on its 15,000 sq m gold and precious metal refinery which will be built at a cost of $60 million in the heart of Dubai's gold and commodity hub.
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Gitanjali group unveils diamond collection
Gitanjali Group, a leading diamond and jewellery manufacturer - retailer has teamed up with top luxury retailer Paris Gallery to launch its Nakshatra jewellery collection in Dubai.
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Saudi Nov output steady, pumps 9.745m bpd
Saudi Arabia produced 9.745 million barrels per day of crude oil in November, little changed from the previous month, when it pumped 9.75 million bpd, an industry source familiar with the matter said on Sunday.
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Egypt's forex reserves dip to $17.8bn in Nov
Egypt's foreign exchange reserves fell to $17.8 billion in November from $18.6 billion in October, the central bank said, their lowest level since an inflow of funds from Gulf states after the July 3 ouster of Islamist President Mohamed Mursi.
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Smuggling cartels, militants hinder revival of Somali port
Al Qaeda-linked militants, drug smugglers and shadowy criminal networks stand in the way of the Somali federal government's hopes of hiring a foreign firm to manage the lucrative but run-down southern port of Kismayu.
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Saudi Alkhabeer buys key stake in UAE packaging firm
Jeddah-based Alkhabeer Capital, a leading investment & asset management firm, has acquired a majority stake in Dubai-based packaging products company Express Group.
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Etihad expands India operations
Etihad Airways, the national carrier of the UAE, has commenced major expansion of its Indian operations with flight increases to six cities following the approval of an historic 24 per cent investment in Jet Airways.
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Mideast IT spending to top $32bn in 2014
The Middle East region will be one of the world's fastest growing IT markets with spending on the products and services likely to top $32 billion in 2014 growing at an average 7.3 per cent year on year, according to a report.
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GCC union 'best option to confront threats'
A GCC union is the best and only option in the face of threats confronting Gulf states and its creation has now become all the more a matter of urgency and necessity, said Bahrain's Prime Minister at a major regional summit in Manama.
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Gulf traffic expo kicks off in Dubai
More than 200 of the world’s leading traffic and transport infrastructure suppliers will showcase their latest innovations, products and services at Gulf Traffic Exhibition and Conference that opened in Dubai today (December 9).
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ADSW to focus on energy-water nexus
The second edition of Abu Dhabi Sustainability Week (ADSW) will focus on the interconnected challenges and opportunities of sustainable growth, with particular focus on the energy-water nexus and sustainable waste management.
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Sony wins $143m Al Jazeera project
Sony Professional Solutions MEA said it has signed a landmark $143 million project with Al Jazeera Media Network (AJMN) to build a hitech 3G broadcast infrastructure for the Doha-based group.
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NBAD partners with top business school
The National Bank of Abu Dhabi (NBAD) has teamed up with Insead, a leading international business school, to provide one of its staff members each year the opportunity to study for its global executive MBA course every year.
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300 brands on show at Saudi Foodex
More than 300 brands from 27 countries are on display at the inaugural Foodex Saudi exhibition that opened yesterday (December 8) in Jeddah.
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