Thursday 24 April 2014

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7.5 MILLION-TONNE GAP
Bahrain's Arabian Sugar sees huge demand in region

Bahrain's Arabian Sugar Company, which came on stream in February, sees room for more refining capacity in the Middle East and North Africa to fill a 7.5 million tonne supply gap.

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1

BUDGET AIRLINES TO START OP
It's official: New Doha airport to open next week

Qatar's new Hamad International Airport, a key part of its plans to become a regional aviation hub, will open to passenger traffic next week after construction delays of more than a year, the country's Civil Aviation Authority said.

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2

WORLD'S TALLEST BUILDING
Iconic Kingdom Tower work moves above ground

Jeddah Economic Company (JEC), owner and developer of The Kingdom Tower and City in Jeddah, has announced the completion of the foundation work and the beginning of above ground work on the tower.

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3

INSIGHT
New Egypt law to lure investors may feed corruption

A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.

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4

SPOTLIGHT
Property bubble? 'Not in Abu Dhabi'

Abu Dhabi remains far from entering a boom-and-bust cycle in its real estate market even though property prices in the wealthy emirate are rising sharply, executives said at a major industry fair.

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5

IMAGE OF THE DAY
It's my cafe

A TV cameraman films a cat at the cat cafe in New York. The cat cafe is a pop-up promotional cafe that features cats and beverages in the Bowery section of Manhattan.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Cityscape Jeddah spotlight on iconic projects

The SR15 billion ($4 billion), mixed-use Prince Sultan Cultural Center being built north of Jeddah, and Bawabat Makkah, a visionary city planned near Makkah, are among the top projects that will be featured at Cityscape Jeddah next month.

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Retail & Wholesale

Al Meera posts record $10.75m Q1 profit

Al Meera Consumer Goods Company has posted a record net profit of QR39.2 million ($10.75 million) doe the first quarter of 2014 as compared to QR25.7 million for the same period in 2013, an increase of 52.12 per cent.

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Energy, Oil & Gas

Dana Gas profit edges down over Iraq ops

Dana Gas, a leading natural gas company in the region, posted a net profit of Dh571 million ($156 million) in 2013 compared to Dh605 million ($165 million) in 2012, at its eighth Annual General Meeting (AGM) in Sharjah.

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Finance & Capital Market

Emirates NBD profits surge 25pc

Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts.

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Analysis, Interviews, Opinions

New Egypt law to lure investors may feed corruption

A new Egyptian law that prevents third parties from challenging contracts made with the government may encourage foreign investors but critics say it will increase scope for corruption.

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Industry, Logistics & Shipping

Bahrain's Arabian Sugar sees huge demand in region

Bahrain's Arabian Sugar Company, which came on stream in February, sees room for more refining capacity in the Middle East and North Africa to fill a 7.5 million tonne supply gap.

More…
Travel, Tourism & Hospitality

London police assure city is safe for Arabs

London police have reassured Arab visitors to the city that they are safe in the UK capital following a gang attack on an Emirati couple this week.

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IT & Telecommunications

Tech firms to fund OpenSSL improvements

The world's biggest technology companies have agreed to donate millions of dollars to set up a group that will fund improvements in open source programs like OpenSSL.

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Government & Laws

Kuwait MPs seek to question prime minister

Three Kuwaiti lawmakers filed a request on Thursday to question the prime minister in parliament over housing and rising rents, in a sign of renewed political tensions in the country.

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Motoring

Renault Saudi launches 2015 Duster

Renault Saudi Arabia has launched the 2015 year model Renault Duster SE, one of its worldwide best-selling models which offers the latest in terms of appearance, performance, comfort, safety and entertainment.

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Health & Environment

Cochlear opens Middle East office in DHCC

Cochlear, a global leader in hearing solutions, opened its Middle East office yesterday (april 23) in Dubai Healthcare City, a health and wellness destination that brings together a wealth of services in healthcare, medical education and research.

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Media & Promotion

Saudi to regulate homegrown YouTube shows

Saudi Arabia plans to regulate local companies that screen shows on YouTube, a senior official was quoted as saying in local media - a move that could stifle its nascent creative industries.

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Education, HR & Training

Thomson Reuters in deal with Saudi Digital Library

Thomson Reuters, a leading source of intelligent information, has signed an agreement with the Saudi Digital Library to support the transformation of the Kingdom to a knowledge-based economy.

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Miscellaneous

Pegasus plans hydroponic farm in Saudi

Pegasus Agri-tech, Mena region's largest commercial operator of hydroponic farming facilities, has announced plans to build the first commercial hydroponic farm in Saudi Arabia.

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