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 TRADE NEWS

 

 

 
  Ericsson wins $85m Smart City deal  
  Emaar, The Economic City,  has awarded a SR320 million ($85 million) contract to Ericsson to implement and operate the smart city infrastructure and the multi-purpose network for Ethraa, The Smart City.  
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GDF Suez, GIC to develop $2bn Al Dur project
Qatar signs railway deal with Deutsche Bahn
 
   
  KHI H1 net profit up 8pc  
  Kingdom Hotel Investments (KHI) said net profit for the six months ended June 30, 2008 reached $20.6 million.  
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Etihad cuts Ramadan fares
EgyptAir plans $529m fleet upgrade
 
   
  UAE cbank chief sees sharp fall in oil price  
  United Arab Emirates Central Bank governor Sultan Nasser Al-Suweidi said on Thursday that oil prices could fall to a range of $60 to $80 per barrel, from over $119 now.  
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Dubai diesel prices drop again
Bahrain's H1 oil refinery output up 4pc
 
   
  Dow raises wire and cable prices  
  Dow Europe GmbH has announced a price increase of up to $900 per tonne for its wire and cable products across India, Middle East and Africa.  
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Bahrain Investment Wharf in spotlight
Octal targets $450m annual sales
 
   
  Lifeline for kidney patients in Bahrain  
  Kidney patients in Bahrain could get a new lifeline, with moves to allow transplants from non-related, living donors.  
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Welcare Mirdiff offers free health screening
New unit boosts AMH care
 
   
  Dulux to open 50 outlets in UAE  
  Al Gurg Leigh's Paints, sole manufacturer of ICI Dulux in UAE, is planning to open 50 new Dulux decorator centres across the UAE to cope with the increased demand.  
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Basement gallery to showcase 17 artists
Depa profit surges 75pc to $15m
 
   
  Microsoft offers beta 2 of Explorer 8  
  Microsoft Corp released on Wednesday a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the Web browser.  
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LG offers network storage solution
Dell unveils new Vostro
 
   
  $184m Dubai Marina tower launched  
  Dubai-based Select Group and the UK's property developer Select Property have jointly launched West Avenue on one of the last remaining plots on Dubai Marina.   
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ACI and Ferretti unveil beach properties
Deyaar reveals new corporate identity
 
   
  US rules 'may deter sovereign funds'  
  Restrictions by the US and others may lead sovereign wealth funds to invest closer to home instead of in the West, the head of the central bank for the UAE said.  
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State Street opens Qatar office
IDB okays $178m for projects
 
 
  LuLu hypermarkets set to go green  
  LuLu Hypermarkets all over the region will start going green from November, it was declared on Wednesday.  
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FINE launches Ramadan-themed tissues
Frankincense shortage worries Oman perfumer
 
   
  Oil windfall: $14bn surplus for Kuwait  
  Higher revenue from oil helped Kuwait post a 3.8 billion dinars ($14.22 billion) preliminary surplus in the first quarter of its 2008/09 fiscal year, government data showed.  
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AKU to help Syrian health sector
Dubai Group seals $1.5bn Murabaha deal
 
   
  Hydra Open Air Cinema to open in Nov  
  A major open-air entertainment event is set to enthral UAE residents in Dubai and Abu Dhabi this November, a report said.  
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Dow Chemical appoints new manager
Bahrain Crown Prince on CNN show
 
   
  Gulf's top 150 firms worth $916bn says study  
  The combined value of the top 150 listed companies in the GCC went up by $213 billion in the past one year to reach $916 billion, says a survey.  
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Al Habtoor Leighton mulls IPO
Kuwait's Damac eyes $67m bonds
 
 
  Abdullah Hashim launches new Honda Pilot  
  Abdullah Hashim Company, the sole distributor in Saudi Arabia for Honda cars, said the new Honda 2009 Pilot is likely to set a new standard for the mid-size sport utility vehicles.  
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Toyota cuts sales forecast
Gulf investors eye Hummer
 
   
  DP World bullish as H1 profit doubles  
  Dubai-based port operator DP World said on Thursday business had accelerated in the second half of 2008, despite a global economic downturn, after profit in the first half more than doubled.  
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Bahrain to host work boat show
Somali pirates free Omani ship
 
   
  Navies target 'hostile' ships in the Gulf  
  Navy ships from Bahrain, the UK and the US are conducting a joint exercise to track and locate hostile vessels in the Gulf, officials confirmed on Wednesday.  
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Strait a lifeline, says Bahrain PM
Iran launches submarine production
 
 
  Palm Jumeirah uses eco-friendly sewage system  
  Nakheel, a Dubai World company and a leading real estate developer, said its Palm Jumeirah development has implemented a state-of-the-art, eco-friendly vacuum sewerage system.   
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Al Khaliji unveils eco-friendly ATMs
Carmakers lag EU's CO2 target, says report
 
   
  India 'could lift rice export ban'  
  India will buy record quantities of rice from its farmers after a good harvest, a top government official said.  
  Read More  
 

Stores fined for food price hikes in Dubai
Prices of key food items slightly down
 
   
  Dubai landlord quizzed after fire kills 11  
  A landlord is being questioned about a fire that killed 11 Asian workers in a building housing about 800 labourers, Dubai's deputy police chief said.  
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Dubai issues new schoolbus rules
Bahrain sees rise in Pakistani workers
 
   
  Michigan University opens Dubai campus  
  The Michigan State University Dubai campus welcomed its first batch of undergraduate and graduate students for the 2008 fall semester at its new facility in Dubai International Academic City, a member of Tecom Investments.  
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Bahrainis urged to grab job opportunities
Prof Whelan named new UOWD president
 
   
  Sugar cane to keep more Brazilian lights burning  
  Sugar cane already powers a growing number of Brazil's cars with ethanol, and fuels nights of endless conversation inspired by a local cane-based liquor called cachaca.  
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Saudi to set up company for farm investment
Kuwait loans Cambodia $546m