Wednesday 16 April 2014

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$4 TRN JOBS SEEN IN MIDEAST
Projects boom in GCC; $40bn deals in Q1

The projects markets of the Middle East are set to enjoy a record-breaking year in 2014 with more than $40 billion worth of new contracts awarded in the GCC alone in the first quarter, a report said.

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1

HOUSING COSTS JUMP
Dubai inflation up 3pc, highest since 2009

Dubai's consumer inflation rose 3.0 per cent in March compared to the same month last year, registering the highest increase since August 2009.

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2

SYRIA POLICY ARCHITECT
Saudi spy chief Prince Bandar replaced

Saudi Arabian intelligence chief Prince Bandar bin Sultan, the architect of Riyadh's attempts to bring down Syrian President Bashar al-Assad, has been removed from his post, state media reported on Tuesday.

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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
Wedded to glaciers

Greenpeace activists Nicole and Enrique throw snow during their symbolic wedding at the El Morado hanging glacier at the territories of "Republica Glaciar" (Glacier Republic), at Los Andes Mountain range, near Santiago city.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Riyadh metro project work kicks off

Saudi Arabia has begun construction work on its long awaited first metro rail system in Riyadh. The multi-billion project will involve six rail lines extending 176 km.

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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

Dubai inflation up 3pc, highest since 2009

Dubai's consumer inflation rose 3.0 per cent in March compared to the same month last year, registering the highest increase since August 2009.

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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, Fiji Airways sign interline deal

Etihad Airways, the national airline of the United Arab Emirates, and Fiji Airways, the flag carrier of the country, have announced a new and far reaching interline agreement between the two carriers.

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IT & Telecommunications

Smartphone makers in anti-theft initiative

Major US wireless carriers and smartphone makers have agreed to introduce tools to enable users to lock their devices and wipe them clean of data if stolen, responding to pressure on the telecommunications industry to do more to stem theft.

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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

Bahrain's tough new traffic law in doubt

Bahrain's tough new traffic law is in doubt after MPs insisted on banning some expats from getting licences, introducing stricter penalties for drunk drivers and allowing women to keep face veils on if they are stopped by police.

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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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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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