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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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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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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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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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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?
Top Trade News
 | Industry Sectors |
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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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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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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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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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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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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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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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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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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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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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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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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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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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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