Sunday 31 July 2016

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SAINT JOHN PORT
DP World wins lease deal for Canadian terminal

DP World, the Dubai-based operator of global shipping terminals, has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada.

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1

STAY CAPPED AT 72 HOURS
US allows American-made planes to be flown to Iran

The United States said on Friday it would allow foreign airlines to fly US-made aircraft to Iran, providing greater assurance to aviation companies as Iran tries to re-establish trade and business links following the lifting of sanctions.

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2

IRAQ BOOSTS EXPORTS
Opec oil output set to reach record high in July

Opec's oil output is likely in July to reach its highest in recent history, a Reuters survey found on Friday, as Iraq pumps more and Nigeria manages to export additional crude despite militant attacks on oil installations.

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3

SPOTLIGHT
Turkey's Gulen crackdown ripples far and wide

Barely 12 hours after a failed coup in Turkey, Somalia's cabinet met in Mogadishu to consider a request from Ankara to shut down two schools and a hospital linked to Fethullah Gulen, the Muslim cleric Turkey blames for the attempted putsch.

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4

ANALYSIS
Big tech companies defy the ‘law of large numbers’

Google parent Alphabet and e-commerce giant Amazon capped a blockbuster June quarter for the five biggest US tech companies as their dominance in key markets helped them defy the "law of large numbers".

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NEWS IN PICTURES
Wind tunnel test for The Tower

Emaar Properties has successfully completed advanced wind tunnel tests to confirm the structural strength and durability of its iconic new The Tower at Dubai Creek Harbour development. This marks another milestone for the project.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Brown & Holmes eyes Gulf expansion

Brown & Holmes, one of the UK’s leading manufacturers of workholding solutions, jigs and fixtures and manual handling solutions, has announced plans for expansion in the Gulf and other key markets.

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Energy, Oil & Gas

DNO launches offer to acquire Gulf Keystone

DNO ASA, the Norwegian oil and gas operator, today unveiled a proposal to acquire for $300 million all of the enlarged share capital in Gulf Keystone Petroleum following the latter's contemplated financial restructuring announced earlier.

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Finance & Capital Market

Deutsche Bank chief warns of deeper cuts after Q2 revenue drop

Deutsche Bank warned it may need deeper cost cuts to turn itself around, after revenue fell sharply in the second quarter due to challenging markets and low interest rates.

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Analysis, Interviews, Opinions

Big tech companies defy the ‘law of large numbers’

Google parent Alphabet and e-commerce giant Amazon capped a blockbuster June quarter for the five biggest US tech companies as their dominance in key markets helped them defy the "law of large numbers".

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Industry, Logistics & Shipping

DP World wins lease deal for Canadian terminal

DP World, the Dubai-based operator of global shipping terminals, has signed a long-term lease agreement for the expansion and operation of the multi-purpose Rodney Container Terminal at Saint John, New Brunswick, Canada.

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IT & Telecommunications

Bahrain telecom sector revenues top $1.1bn

Bahrain's telecom sector revenues reached BD450 million ($1.193 billion) in 2015, a growth of 4.7 per cent compared with BD430 million in 2014, the Telecommunications Regulatory Authority's (TRA) latest market indicators report said.

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Lifestyle

Citizen to showcase Eco-Drive tech at Dubai airport

Celebrating 40 years of its Eco-Drive light-powered technology, watch company Citizen will be showcasing the technology and its flagship models at Eco-Drive Lounges across Dubai International Airport and other international airports.

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Health & Environment

Imdaad wins waste management deal with Union Coop

Imdaad, a leading provider of integrated facilities, environment and energy management solutions in the GCC, has signed a two-year contract to manage the waste of Union Coop, Dubai’s consumer cooperative.

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Media & Promotion

RAK FTZ wins Burj CEO award

Ras Al Khaimah Free Trade Zone (RAK FTZ) has brought home a prestigious award from the inaugural Burj CEO Awards, winning the "Best Global Free Zone" title.

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Education, HR & Training

Taqnia, Koenig to open cyber academy in Riyadh

A newly-formed partnership between Taqnia Cyber, a leading information security company in Saudi Arabia, and Koenig Solutions, a leading IT training provider, is expected to result in the opening of a high-end cyber academy in Riyadh.

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Miscellaneous

Dubai public transport reports 270m rides in H1

Dubai's mass transit system reported more than 270 million rides during the first half of this year, according to data released by the Roads and Transport Authority (RTA) of the UAE emirate.

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