Thursday 17 April 2014

Zain Saudi to break even within five years

Zain Saudi, Saudi Arabia's third biggest telecoms operator, will buy fixed line capacity from its competitors to expand its service offering in the kingdom and aims to break even in less than five years, it said on Wednesday. The firm, which began operations in 2008, claimed


A comparison of Americans’ weird habits

America is facing its biggest threat to its existence. Not terrorism or the threat of weapons of mass destruction, but from mobile phones.   A survey published by Statista last February revealed that more Americans would rather live without sex than without thei


Growth optimism high despite rise in rates

Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said. The number of investors believing the global economy will grow over the next 12 months was steady at a bullish net 62 per cent, unchanged from March


Economic impact of Expo 2020 ‘could spill over in region’

Experts from Deloitte, a leading professional services firm, weigh in on the changes that will occur as a result of the Expo 2020 Dubai win, as well as the challenges facing senior management in the GCC countries and wider Mena region as the countdown to FATCA (foreign account tax compliance ac


Faster Wi-Fi on flights leads to battle in the sky

Wi-Fi in the sky is taking off, promising much better connections for travelers and a bonanza for the companies that sell the systems. With satellite-based Wi-Fi, Internet speeds on jetliners are getting lightning fast. And airlines are finding that travelers expect connections i


Abu Dhabi ports expect year-end spike in traffic

State-owned Abu Dhabi Ports Co (ADPC) expects a surge in shipping traffic towards the end of this year as work on major infrastructure projects in the United Arab Emirates capital gathers pace, the company's chief executive said. Container traffic at Khalifa Port is expected


Syria's war creeps into Assad's coastal sanctuary

For three years, residents of Syria's Mediterranean provinces have watched from their coastal sanctuary as civil war raging further inland tore the country apart, killing tens of thousands of people and devastating historic cities. But a three-week-old offensive by rebel figh


Shale revolution boosts US oil reserves to record levels

US exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published this week. Proved reserves of crude stood at 30.5 billion barrels at the start of 2013. If condensates are includ


Libya's port deal no guarantee to steady oil output

Libya may have averted a state collapse by striking a deal with eastern rebels to reopen occupied oil ports, but technical delays and simmering federalist dissent threaten to disrupt production once again. On Sunday, Libya's fragile government reached an agreement with Ibrahi


Cleveland Clinic's ambitious foray into Abu Dhabi

For decades the Cleveland Clinic has provided healthcare to the upper echelons of Middle Eastern society who fly halfway across the world for treatment at the Ohio-based private medical center. Saudi Arabia's late king, Khalid bin Abdul Aziz, went there for heart surgery. The

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