Monday 27 April 2015
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Industry Sectors

Construction & Real Estate
Retail & Wholesale
Energy, Oil & Gas
Finance & Capital Market
Analysis, Interviews, Opinions
Industry, Logistics & Shipping
Travel, Tourism & Hospitality
IT & Telecommunications
Government & Laws
Motoring
Health & Environment
Media & Promotion
Education, HR & Training
Miscellaneous
Construction & Real Estate

Asian contractors win $290m Saudi Tasnee project

Leading Asian contractors - Taiwan's CTCI and Japan's Chiyoda - have won a major contract from Saudi Arabia's National Industrialisation Company (Tasnee) to build a $290-million titanium sponge plant in the Yanbu region of the kingdom.

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Retail & Wholesale

Contracts worth $326m signed at DEAL

The Dubai Entertainment, Amusement and Leisure Show (DEAL) 2015 recorded more than Dh1.2 billion ($326.6 million) worth of signed contracts, said event organisers.

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Finance & Capital Market

Dubai Financial Market net profit plunges 69pc

Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 69 per cent drop in first-quarter net profit on Sunday as trading volumes fell.

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Analysis, Interviews, Opinions

After Yemen attack, Saudi may struggle with peacemaker role

As Saudi Arabia winds down the campaign it led against Yemen's Houthis, a militia allied to its regional rival Iran, Riyadh faces a test of its diplomatic skills in trying to arrange talks among Yemen's fractious elites.

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Industry, Logistics & Shipping

Gulf Warehousing posts 40pc jump in Q1 profit

Qatar-based Gulf Warehousing Company said it has registered a strong 40 per cent increase in its net profit for the first quarter compared to the previous year, thus giving a bullish start to 2015.

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Travel, Tourism & Hospitality

Saudi Arabia's hotel market booming

Saudi Arabia’s hospitality market can expect to witness high levels of new supply over the next three years as many of the previously delayed projects come to fruition, said a recent report.

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IT & Telecommunications

Low IT spend leaves ME firms open to cyber attacks

Middle East businesses are spending less than 1 per cent of their overall IT budgets on security, leaving them vulnerable to cyber attacks, said an industry expert.

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Motoring

UAE road accident deaths down 21pc in Q1

Deaths and injuries caused by road accidents in the UAE during the first quarter of the year decreased by 21 per cent and 14.8 per cent respectively, according to latest figures.

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Health & Environment

Mediclinic to build new hospital in Dubai

Mediclinic Middle East, a leading private healthcare group, has announced plans to construct a new general hospital on a 500,000-sq-ft area at Umm Suqeim Road in Dubai, UAE.

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Media & Promotion

Arab visual media industry worth $2bn

The Arab visual media industry is currently worth $2 billion, with the television sector commanding the lion's share (95 per cent) while cinema is below five per cent and digital stands at less than one per cent, said an expert.

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Education, HR & Training

Dubai varsity in deal to promote Spanish studies

The American University in Dubai (AUD) and the Spanish Government represented by the Ministry of Foreign Affairs and Cooperation have signed a deal to support Spanish studies pertaining to language, culture and literature at the university.

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Miscellaneous

Fighting escalates across Yemen, first air strikes on Sanaa

Air raids, naval shelling and ground fighting shook Yemen on Sunday in some of the most widespread combat since a Saudi-led alliance intervened last month against Iranian-allied Houthi militia who have seized wide areas of the country.

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