Monday 22 September 2014

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TVs, LAPTOPS RANK HIGH
Smartphones top UAE’s $3.8bn electronics market

UAE households spent an average of Dh4,793 ($1,305) annually on electronics, with smartphones claiming the lion’s share in the country’s Dh14 billion ($3.81 billion) consumer electronics market, a report said.

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Bahrain airport's passenger traffic increases 25pc

A 25 per cent increase in passenger traffic has been recorded at Bahrain International Airport in August compared to a year ago.

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2

MAJOR SHARE SALE IN GULF
National Commercial Bank to start IPO on Oct 19

Saudi Arabia's National Commercial Bank will begin its much-anticipated initial share sale in October, a statement to the kingdom's stock market said on Sunday.

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3

ANALYSIS
How UAE’s private sector can improve Emiratisation

Building talent pipelines for the future and competing with government organisations on pay and benefits are among the key things the UAE’s private sector firms need to do to achieve Emiratisation goals, said an expert.

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4

MONEY MATTERS
Dollar's rally bad news for oil, multinationals

The greenback’s longest rally since the dollar index was created in 1973 could pose significant headwinds to key market sectors such as oil and the commodities besides the multinationals that do much of their business overseas.

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5

IMAGE OF THE DAY
Hamilton triumphs

Winner Mercedes Formula One driver Lewis Hamilton of Britain gestures during the podium ceremony following the Singapore F1 Grand Prix at the Marina Bay street circuit in Singapore on September 21.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai developer to showcase five-star apartments

UAE luxury developer Seven Tides is set to showcase about 20 of the one and two-bedroom apartments at its luxury Anantara Residences The Palm Jumeirah community during the Cityscape exhibition in Dubai, UAE.

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Retail & Wholesale

Visa cardholders spent $4bn during Ramadan

Visa cardholders in Mena spent on $3.98 billion across all Visa products, credit, debit and prepaid during the 2014 Ramadan, reflecting a 16 per cent increase over the same period last year, a report said.

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Energy, Oil & Gas

Spain's Abengoa wins $26m Kuwait power deal

Kuwait's Ministry of Electricity and Water has awarded a €20.5-million ($26.2 million) contract to Spanish group Abengoa for the development of a new power transmission project in the country.

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Finance & Capital Market

National Commercial Bank to start IPO on Oct 19

Saudi Arabia's National Commercial Bank will begin its much-anticipated initial share sale in October, a statement to the kingdom's stock market said on Sunday.

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Analysis, Interviews, Opinions

How UAE’s private sector can improve Emiratisation

Building talent pipelines for the future and competing with government organisations on pay and benefits are among the key things the UAE’s private sector firms need to do to achieve Emiratisation goals, said an expert.

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Industry, Logistics & Shipping

Ma'aden gets approval for $1.5bn rights issue

Saudi Arabian Mining Company (Ma'aden) received approval from the kingdom's regulator to undertake a 5.6 billion riyal ($1.5 billion) rights issue, a stock market filing from the Capital Market Authority said.

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Travel, Tourism & Hospitality

Damac, Paramount launch 1,250-key luxury hotel in Dubai

Dubai-based Damac Properties, one of the largest luxury property development companies in the Middle East, has announced its fourth project in Dubai, UAE, in collaboration with the luxury hotel operator, Paramount Hotels & Resorts.

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IT & Telecommunications

Prologix event to focus on Avaya solutions

Prologix, a leading system integrator in the UAE and Avaya Platinum Partner is hosting an event focused on ‘Video Conferencing and Mobility’ at Fairmont Bab Al Bahr, Abu Dhabi, UAE, on September 30.

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Government & Laws

Egypt to host Palestine-Israel Gaza talks in days

Egypt will host talks between rival Palestinian factions within days, followed by indirect negotiations between Palestinians and Israelis on the ceasefire in Gaza, the state news agency MENA said on Saturday.

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Motoring

Cadillac to introduce high-end sedan in 2015

As it strives to energize its Cadillac brand that once led the US luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.

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Health & Environment
Media & Promotion

New media strategy helping Bahrain’s image

A long-term strategic plan to upgrade Bahrain's media system has helped change the kingdom's image by 40 per cent over the past year, and 143 per cent at the political level during June and July, said a top government official.

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Education, HR & Training

NIIT Bahrain launches training for women

The National Institute for Industrial Training (NIIT) is preparing to launch a first-of-a-kind training programme in Bahrain and the region to provide technical and industrial training for women.

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Miscellaneous

US to deliver 10 Apache attack helicopters to Egypt

The US Defense Department has confirmed plans to deliver 10 Apache attack helicopters to Egypt to support Cairo's counter-terrorism efforts, the Pentagon said.

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