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13,000 new housing units to hit Dubai market
More than 50 projects were launched in the off-plan market across Dubai, UAE, during 2014, which are expected to deliver over 13,000 units to the market, according to a report.
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Apple iPhone sales set global profits record
Apple quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 per cent rise in China sales, powering the company to the largest profit in corporate history.
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Iraq lowers oil price forecast in budget proposal to $55 a barrel
Falling oil prices forced Iraq's cabinet to revise its draft 2105 budget, trimming its forecast for oil to $55 a barrel from $60.
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BBK plans bond issue to refinance $500m debt
BBK, formerly known as Bank of Bahrain and Kuwait, is planning its first debt issue since 2010 to refinance an existing $500 million bond maturing in October, its chief executive said on Wednesday
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Gulf consumers ‘more trusting with personal data’
Shoppers in the Gulf region are among the most open with their personal information, with 67 per cent willing to share their data, second only to India, revealed a new global survey by leading loyalty provider Aimia.
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Shell to build $11bn petchem plant in Iraq
Royal Dutch Shell has signed a deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser Al-Esawi said on Wednesday.
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Emirates to fly A380s to two new destinations
Dubai-based Emirates plans to launch its A380 services to two European destinations: Dusseldorf (Germany) and Madrid (Spain).
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Zain may sell transmitter towers
Kuwaiti telecom operator Zain has appointed advisors to study the potential sale of its transmitter towers in some of the eight markets in which it operates, the company said on Wednesday.
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Maserati’s Mena sales surge 155pc in 2014
Italian luxury car manufacturer Maserati has reported a 155 per cent increase in 2014 sales in the Mena region compared to the same period in the previous year.
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DHCC adds 34 countries to licensing framework
Dubai Healthcare City (DHCC), the world’s largest healthcare free zone, has added 34 countries to the licensing framework for its healthcare and CAM (complementary and alternative medicine) professionals, totalling to 63 countries.
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Qatar unsure about 2024 Olympics bid
Qatar is undecided whether to bid to host the 2024 Olympics, a leading official has said, suggesting they may hold off for a later edition after two failed attempts to land sport's greatest spectacle.
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NIIT to launch upskilling program at Bahrain expo
Bahrain’s National Institute of Industrial training (NIIT) will promote their Fanniya Apprenticeship Program at the upcoming Gulf Industry Fair 2015, a major industrial B2B exhibition in Northern Gulf.
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Egypt cheese firm to set up two factories
Egypt-based Obourland Cheese Company plans to set up two new manufacturing units – a cheese factory and a new factory for juice and milk production – at a cost of EGP 100 million ($13.4 million), a report said.
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