Wednesday 16 April 2014

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CRUDE PRICE EASES
Libya to export first oil since rebel deal

A tanker is due to load 1 million barrels of crude on Tuesday from Libya's reopened Hariga port, its first export shipment since a deal to end months of closures at its main oil terminals, the National Oil Corp (NOC) said.

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1

1ST TELECOM M&A IN KINGDOM
Bahrain’s Kalaam Telecom acquires Lightspeed

Kalaam Telecom, a top telecom provider in Bahrain is acquiring Lightspeed Communications, a subsidiary of Jordan Telecommunications, which would make Kalaam the second-largest ISP for fixed business broadband in the Kingdom.

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2

8 DIRECT FLIGHTS PLANNED
Air Arabia to start flying from Ras Al Khaimah

Air Arabia, the United Arab Emirates' (UAE) only publicly listed airline, will begin flying from the Ras Al Khaimah (RAK) emirate starting May 6, taking over from RAK Airways which suspended operations earlier this year.

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3

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

Expo 2020 will be a major “game changer for Dubai” whereby it will create significant changes – whether opportunities or challenges – in most industries and market sectors that could spill over to other countries in the region, say experts.

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4

TECHNOLOGY
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. But the fast evolution of rival systems poses a big question for airlines: which one to choose?

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5

IMAGE OF THE DAY
Red moon

The moon is shown in its final eclipse early Tuesday morning from Los Angeles, California. The lunar eclipse unfolded over three hours, when the moon began moving into Earth's shadow, and was shrouded in a red glow when fully eclipsed.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sharjah rents up 7pc as Dubai residents relocate

Sharjah’s rent rates have increased seven per cent on average this quarter as Dubai residents look to relocate to more affordable accommodation, said a report.

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Retail & Wholesale

Gitex Shopper to feature ‘experience zones’

The upcoming Gitex Shopper Spring in Dubai, the region’s biggest consumer IT and electronics show, will feature new Experience Zones, which will enable visitors to test the latest products, compare performance and options.

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Energy, Oil & Gas

Kuwait to award $4.3bn new contract

Kuwait plans to award a 1.2 billion dinar ($4.3 billion) contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field, the head of state-owned Kuwait Oil Company (KOC) said.

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Finance & Capital Market

Expert presents new mobile payment system

An expert presented a new system at a New York summit aimed at achieving the universal acceptance of mobile payment to increase its utilisation.

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Analysis, Interviews, Opinions

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

Expo 2020 will be a major “game changer for Dubai” whereby it will create significant changes – whether opportunities or challenges – in most industries and market sectors that could spill over to other countries in the region, say experts.

More…
Industry, Logistics & Shipping

Sabic showcases steel products at Riyadh expo

Saudi Basic Industries Corp showcased its wide range of steel products for the building and construction sector at the Metal & Steel Saudi Arabia 2014 exhibition held recently in Riyadh.

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Travel, Tourism & Hospitality

Etihad passenger, cargo volumes soar; revenue jumps

Etihad Airways posted its strongest ever passenger and cargo volumes for a first quarter, together with $1.4 billion in total revenues, during the first quarter of this year, marking a year-on-year increase of 27 per cent.

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IT & Telecommunications

Bahrain’s Kalaam Telecom acquires Lightspeed

Kalaam Telecom, a top telecom provider in Bahrain is acquiring Lightspeed Communications, a subsidiary of Jordan Telecommunications, which would make Kalaam the second-largest ISP for fixed business broadband in the Kingdom.

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Government & Laws

Oman extends ban on expat workers

Oman has extended a ban on employing expatriate construction workers and housekeeping staff in the sultanate's private sector by another six months, a report said.

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Motoring

Land Rover unveils Discovery Concept SUV

Land Rover has unveiled its Discovery Vision Concept SUV in New York, a vision of Land Rover’s future family of Discovery vehicles, the first model of which is due in 2015.

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Health & Environment

FDA approves GSK's Tanzeum for diabetes

The US Food and Drug Administration approved GlaxoSmithKline's Tanzeum injection for treating adults with type 2 diabetes, in combination with diet and exercise.

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Media & Promotion

Google scans emails to create adverts

Google updated its terms of service on Monday, informing users that their incoming and outgoing emails are automatically analyzed by software to create targeted ads.

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Education, HR & Training

Saudi tops in Web of Science growth

Saudi Arabia achieved the highest percentage of growth in output during the last decade among the G20 members with 373 per cent increase in output of Web of Science Papers.

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Miscellaneous

Dubai Metro Q1 ridership up 22pc; hits 40m

The Dubai Metro, comprising the Red and Green Lines, has clocked 40.65 million passengers during the first quarter of this year, as against 33.34 million in the same period last year, marking an increase of 21.9 per cent.

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