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Saturday, September 04, 2010
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UPS cargo plane crashes in Dubai, two killed
Dubai: 
 
  A Boeing 747-400 cargo plane operated by United Parcel Service crashed shortly after takeoff into a military compound near Dubai's airport on Friday, killing two crew members, authorities said.  
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Dubai plans to slash future budget spending
Dubai :  
  Dubai plans to slash its budget spending in the coming years as new infrastructure projects will only be launched if they benefit the emirate and the United Arab Emirates' economy, its finance department said.    
  Read More  
Algeria launches new oil and gas bid round
Algiers: 
  Algeria has launched a licensing round for 10 oil and gas contract areas, setting the stage for a new test of whether the Opec member can revive lacklustre foreign interest in its energy sector.        
  Read More  
  More top stories

Royal Bank of Scotland to cut 3,500 jobs
UAE's August gold sales down 15pc in Ramadan
Gold rises towards $1,250 ahead of US data
  • Through the storm

    Gulf airlines have navigated the worst of the global economic crisis, but further liberalisation is needed if the region is to harness the full economic impact of the industry
  • Defensive measures

    A local defence industry is growing in the United Arab Emirates, as commercial ventures in firearms, surveillance and weapons systems take aim
  • The Square Mile reboots its Gulf appeal

    Despite old ties, London is having to fight harder to win business from the GCC
  • Rebuilding Iraq

    Housing tops Baghdad’s growing to-do list, but as work begins on infrastructure ranging from airports to sewage plants, Iraq’s modest contracting capacity is being stretched to its limits

  International Business News   International News
 

BP Gulf of Mexico oil spill costs hit $8bn
Oil slips ahead of US jobs data

Japan imposes additional sanctions on Iran
 

Israel, Palestinians agree to more peace meetings
Israel, Palestinians set for face-to-face talks

US hostage drama ends, suspect killed
   
 
  Abu Dhabi to host global construction expo  
  Abu Dhabi will be the home city in the Middle East for Intermat, the international exhibition for machinery, materials and equipment for construction and infrastructure, the first edition of which will be held next year.  
  Read More  
 

Danube eyes UAE construction market rebound
Vinci unit eyes key Abu Dhabi projects
 
   
  Turkey to host Europe tourism awards  
  The Rixos Premium Belek, Antalya on the Turkish Riviera has been chosen to host Europe’s most important travel and tourism awards.  
  Read More  
 

Hilton names new area president
Delhi to host World Travel Awards event
 
   
  Algeria launches new oil and gas bid round  
  Algeria has launched a licensing round for 10 oil and gas contract areas, setting the stage for a new test of whether the Opec member can revive lacklustre foreign interest in its energy sector.     
  Read More  
 

Aramco extends bids for Wasit gas plant
Opec oil output falls to lowest since Nov 2009
 
   
  Mobiserve unit eyes new markets in Africa  
  Mobiserve Holding, a leader in turnkey telecommunication infrastructure solutions and engineering services, announced that Mobifactory, its manufacturing unit, is actively targeting African markets.  
  Read More  
 

Spatial names new business manager
Alcoa, Maaden award $275m Saudi plant deals
 
   
  Dettol, Unicef in hygiene drive for schools  
  Sanitation and hand-washing facilities will be installed in schools in Malawi in Africa and will provide access to clean water through a Unicef initiative funded by Dettol Middle East.  
  Read More  
 

Drug costs 'will push millions into poverty'
Philips acquires special lighting firm
 
   
  V&B unveils new cup and saucer series  
  Leading German ceramics manufacturer Villeroy & Boch (V&B) has launched a new series of porcelain cups and saucers designed for enjoying coffee.  
  Read More  
 

Asteco launches new furnishing unit
Depa buys Singapore's Design Studio for $80m
 
   
  Affordable broadband 'can transform world'  
  Huge disparities exist globally in the take up and affordability of broadband, according to statistics compiled by the International Telecommunication Union (ITU).  
  Read More  
 

Du cuts off-peak calling rate by over 50pc
Motorola offers software suite for digital home
 
   
  Qatar house prices seen recovering in 2011  
  Property developers in Qatar are learning lessons from Dubai's sharp real estate and development crash by slowing and rethinking projects, a move which will help property prices recover next year, analysts said.  
  Read More  
 

Barwa delays $8.3 billion Al Khor project
Noor launches ‘Harissa Elite Residence’
 
   
  Islamic finance sector 'to top $2 trillion'  
  The Islamic finance sector is set to become a $2 trillion industry in the next three to five years from its current $1 trillion mark in spite of the financial slowdown.  
  Read More  
 

Man appoints new COO
Summit to focus on key retail banking issues
 
 
  LG plans aggressive pricing for lower end TVs  
  LG Electronics expects demand growth for new TV sets to slow during the second half, and the South Korean firms plans to be aggressive in a price war at the lower end of the market.  
  Read More  
 

Acer launches 2 Android smartphones
UAE's August gold sales down 15pc in Ramadan
 
   
  Dubai plans to slash future budget spending  
  Dubai plans to slash its budget spending in the coming years as new infrastructure projects will only be launched if they benefit the emirate and the United Arab Emirates' economy, its finance department said.  
  Read More  
 

Top US firm to join Iraq trade mission
Bahrain among tops for expat lifestyle
 
   
  Linkin Park to go live in Abu Dhabi  
  Double-Grammy Award winning rock band Linkin Park will perform on November 13 as part of the Yasalam after-race concerts on Yas Island in Abu Dhabi, Flash Entertainment, a leading live events company, said..  
  Read More  
 

London Wedding arrives in Lebanon
GCC advertising spend hits $5bn in H1
 
   
  Dubai's Baer Capital eyes new PE fund  
  India-focused Baer Capital Partners expects to raise around $300 million for a second private equity fund and plans its first exit by floating a power distribution company, its chief executive told Reuters.  
  Read More  
 

Mena M&A deal value drops 15pc
Egypt pound hits new low to dollar
 
 
  Jordan, Nissan ink zero-emission mobility deal  
  Jordanian environment ministry has announced the signing of a MoU with Nissan Motor Company to promote zero-emission mobility in the Kingdom, heralding the first partnership of its kind in the Arab region.  
  Read More  
 

EIB, Al Habtoor launch vehicle finance plan
Mazda celebrates 90th anniversary
 
   
  Etihad deploys new A330 on Pakistan charter  
  Etihad Crystal Cargo, the logistics wing of UAE’s flag carrier Etihad Airways, recently marked the inaugural flight of its A330-200 freighter aircraft with a charter flight to Pakistan carrying medical and humanitarian supplies.  
  Read More  
 

UPS cargo plane crashes in Dubai, two killed
Suez Canal August revenue up 7.3pc
 
   
  US sees $60bn arms deal with Saudi  
  The US is planning to sell $60 billion of arms to Saudi Arabia over the next ten years in what promises to be the largest arms sale by the US to a foreign country, said a report in Army News.  
  Read More  
 

Big US arms sale to UAE likely next year
Saudi Arabia to raise wages for most military
 
 
  DuPont photovoltaic modules for solar boat  
  DuPont will provide innovations in photovoltaic modules and high-performance marine coatings to PlanetSolar, the largest solar boat ever built.  
  Read More  
 

S Korea firm wins $1.46bn Saudi water contract
Top speakers for Saudi Water and Power Forum
 
   
  Landmark buys UK restaurant chain  
  Dubai-based Landmark Group has reached a deal to buy British restaurant chain Carluccio's for 90.3 million pounds ($139 million), reports said.  
  Read More  
 

DTCC tea transaction up 26pc
NPC wins food safety accreditation
 
   
  Amwal resolves lawsuit amicably  
  Amwal AlKhaleej, a leading regional private equity firm, has reached an out-of-court settlement in respect of its lawsuit against Damas Investments and the Abdullah Brothers.  
  Read More  
 

Iraq is free, declares PM
More Bahrain help for Pakistan flood victims
 
   
  Dubai school launches new education model  
  Dubai American Scientific School (Dass) has signed an agreement with Mosaica Education, a global leader in education reform, to implement a new education model tailor-made for schools in the Middle East and North Africa region.  
  Read More  
 

University of Dubai launches new MBA program
Empowering workers 'crucial for success'
 
   
  Foreigners apply to farm maize in Algeria  
  Algeria's government is considering applications from firms in Europe, the Gulf and Canada to launch the country's first commercial maize production, the head of the Algerian farmers' union said.  
  Read More  
 

Saudi prawn firm wins BRC accreditation
Investors to discuss agribusiness in Africa
 
 
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