Monday 15 September 2014

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UK CAUTIOUS AFTER BEHEADING
Middle East offers air strikes against Islamic State

Washington said countries in the Middle East had offered to join air strikes against Islamic State (IS) militants, but Britain held back even after the group beheaded a British hostage and threatened to kill another.

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1

CLEAN FUELS PROJECT
KNPC names NBK adviser for $12bn refinery upgrade

Kuwait National Petroleum Co (KNPC) has chosen National Bank of Kuwait's investment banking arm to advise it on financing options for its multi-billion-dollar Clean Fuels Project, the bank said on Sunday.

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2

FIRMS MORE WARY WITH BUDGETS
Saudi, Oman lead GCC salary hike forecast with 5.4pc

Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries for 2015 at 5.4 per cent each; a slight decrease from the 2014 predictions, a report said.

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3

MIDEAST DEBT
Conventional banks' sukuk to push limits of Islamic finance

Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.

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4

SPECIAL REPORT
Wearables – consumer fad or business innovation?

While some consumers have incorporated the burgeoning wearables technology into their daily lives, enterprises are seeing much bigger opportunities in deploying the technology that could save billions of dollars, a report said.

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5

IMAGE OF THE DAY
A slow walk for China

People walk at the entrance of the Shanghai Free Trade Zone (FTZ) in Pudong district on September 14. A disappointing first year for the FTZ raises questions about China's commitment to opening up its markets.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Spinneys to launch 300 own-label products globally

Spinneys, a leading retailer in the Middle East, plans to launch more than 300 varieties of has launched its range of diverse consumer and food Private Label products to be exported to global markets, predominantly in Asia, Africa and Mena.

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Energy, Oil & Gas

Fuji Electric starts work on Dilmunia substation

Work has begun on the primary substation serving the landmark Dilmunia, a health and well-being project in Bahrain, with the awarding of a supply and installation contract to global energy solutions provider Fuji Electric.

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Finance & Capital Market

Saudi, Oman lead GCC salary hike forecast with 5.4pc

Saudi Arabia and Oman based companies gave the highest salary increase projection among GCC countries for 2015 at 5.4 per cent each; a slight decrease from the 2014 predictions, a report said.

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Analysis, Interviews, Opinions

Wearables – consumer fad or business innovation?

While some consumers have incorporated the burgeoning wearables technology into their daily lives, enterprises are seeing much bigger opportunities in deploying the technology that could save billions of dollars, a report said.

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Industry, Logistics & Shipping

Qatar launches ME's biggest business incubator

Qatar Development Bank and Social Development Center have announced the launch of Qatar Business Incubation Center, the largest business incubator in the Mena region.

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Travel, Tourism & Hospitality

Hamad International Airport deploys 62 eGates

The Hamad International Airport in Doha, Qatar, is now the airport with one of the the largest numbers of automated border control (ABC) eGates in the world, according to the company that implemented the system.

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IT & Telecommunications

LTE networks ‘face massive BYOD security threat’

The rapid growth of the BYOD market, coupled with an explosion in 4G networks fed by small cell deployment, is creating an IT security threat that the global market needs to urgently address, warned an industry expert.

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Government & Laws

Qatar expels 7 Brotherhood leaders

Qatar has asked seven senior figures from Egypt's outlawed Muslim Brotherhood to leave the country, following months of pressure from its neighbours to stop backing the Islamists, a report said.

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Health & Environment

Hikma opens oncology plant in Jordan

Hikma Pharmaceuticals, a multinational group, recently opened its chemical plant for oncology active pharmaceutical ingredients (API) specialised in producing effective raw materials for cancer medications.

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Media & Promotion

Manufacturing industry sets new coin mosaic record

The manufacturing industry made history by breaking the Guinness World Record for the "world's largest coin mosaic" during the International Manufacturing Technology Show (IMTS), in the South Parking Lot A-2 of Soldier Field in Chicago, IL.

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Education, HR & Training

Garmco, Tamkeen in deal to train Bahraini staff

Bahrain-based Gulf Aluminium Rolling Mill Company (Garmco), one of the largest downstream aluminium facilities in the Middle East, has signed an agreement with Tamkeen, the kingdom’s labour fund, to train all its Bahraini employees.

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Miscellaneous

DMCA to host maritime summit in Dubai

Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, will be launching the first-of-its-kind global maritime summit in Dubai, UAE.

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