Wednesday 23 April 2014

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FIRST PATIENT IN MAKKAH
Saudi reports 11 new cases of Mers virus

Saudi Arabia said on Wednesday it had discovered 11 more cases of the potentially deadly Middle East Respiratory Syndrome (Mers), including what appeared to be the first case in the holy city of Makkah.

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1

2015 LAUNCH SET
BT, Viva to build major interoperability hub in Bahrain

BT, one of the world’s leading providers of communications services and solutions, has signed an agreement with Viva Bahrain to build a Global IP Exchange (GIPX) interoperability hub in Bahrain.

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2

LICENSING PLAN
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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3

SPOTLIGHT
Billions needed to upgrade Egypt's power grid

Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer.

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4

FOCUS
Arab banks expanding in ME as global rivals retreat

Big Arab banks with money to spend are expanding across the Middle East in markets such as Egypt and Iraq, as they take advantage of a retreat from some areas by major international rivals, senior Arab bankers say.

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5

IMAGE OF THE DAY
Remembering the D-Day

A man walks among tombstones as he visits the World War II Normandy American Cemetery and Memorial at Colleville sur Mer, in the Normandy region. France will commemorate the 70th anniversary of WW II D-Day beach landings on June 6, 2014.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Drake and Scull wins $40m Algeria contract

Dubai construction firm Drake and Scull International has won a 147 million UAE dirham ($40 million) project to build a mixed-use development in the capital of Algeria, the company said on Wednesday.

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Retail & Wholesale

Alhokair Q4 net profit climbs 40pc

Fawaz Abdulaziz Alhokair Co , the Saudi Arabian retailer which franchises brands such as Zara and Marks and Spencer in the kingdom, reported on Monday a 40 percent year-on-year leap in net profit for its fourth quarter ended March 31.

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Energy, Oil & Gas

Bahrain 'open to JVs in oil exploration'

Bahrain is open to new joint ventures, especially in the fields of oil and gas exploration and downstream facilities, said a senior government official.

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Finance & Capital Market

SITC shareholders to get compensation

Saudi Arabia's King Abdullah has instructed authorities to pay compensation worth SR1.05 billion to shareholders of the Saudi Integrated Telecom Company (SITC) after it was declared bankrupt, an Arab News report said.

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Analysis, Interviews, Opinions

Billions needed to upgrade Egypt's power grid

Egypt needs to find at least $5 billion to invest in its dilapidated power grid, a government official told Reuters, highlighting a major challenge for the next president as the country faces the risk of worsening blackouts this summer.

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Industry, Logistics & Shipping

Global firms 'plan $1.8bn investment in Bahrain'

As many as 103 companies have committed to investing a total of $1.8 billion at the Bahrain International Investment Park (BIIP) in Salman Industrial City, Industry and Commerce Minister Dr Hassan Fakhro said.

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Travel, Tourism & Hospitality

Grand Midwest to undergo make-over

Dubai’s Grand Midwest Tower Hotel has announced major renovation and modernisation plans with an objective to cater its clientele with enhanced services and elevated modern experience.

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IT & Telecommunications

BT, Viva to build major interoperability hub in Bahrain

BT, one of the world’s leading providers of communications services and solutions, has signed an agreement with Viva Bahrain to build a Global IP Exchange (GIPX) interoperability hub in Bahrain.

More…
Government & Laws

Bahrain MPs push for driving curbs on expats

Some of members of Bahrain's parliament yesterday again pushed for expats to be banned from driving unless they need to for work, puttin the tough new traffic law is in danger of being shelved, a report said.

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Motoring

Chevrolet posts 47pc sales growth in UAE

Chevrolet has posted a 47 per cent increase in sales in the UAE for the first quarter compared to the same period last year, making the country one of the highest growing markets in the Middle East for the quarter.

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Health & Environment

Mers virus: Global experts to visit Saudi

More than 20 international experts are expected to arrive in Saudi Arabia soon to find a way to contain the Middle East Respiratory Syndrome (Mers) virus, Labor Minister and Acting Health Minister Adel Fakeih was quoted as saying.

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Media & Promotion

Thuraya signs up US firm as service provider

Thuraya Telecommunications Company, a leading mobile satellite services operator, has partnered with US-based Satcom Direct, a provider of voice and data communication services.

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Education, HR & Training

Flynas, Nas Tech offer aircraft maintenance training

Flynas, Saudi Arabia’s national carrier, and Nas Tech, the engineering & maintenance subsidiary of NAS Holding, are launching a new technical training programme for Saudi youth with high school certificates.

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Miscellaneous

US to deliver 10 attack helicopters to Egypt

The US said on Tuesday it will deliver 10 Apache attack helicopters to Egypt, relaxing a partial suspension of aid imposed after Egypt's military ousted President Mohamed Mursi last year and cracked down violently on protesters.

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