Wednesday 27 July 2016

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PLANS NOT HIT BY TURMOIL
Abraaj Group eyes 4-5 deals in Turkey

Abraaj Group expects to complete at least four or five acquisitions in Turkey in the next two years, a senior executive told Reuters on Tuesday, despite the political turmoil currently dominating the country.

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3 PROPERTIES TO OPEN 2017/18
Omran set to deliver 900 new hotel rooms in Muscat

The Oman Tourism Development Company (Omran) is on track to deliver three new hotels in Muscat, providing more than 900 additional rooms in 2017/18.

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2

GLUT WORRIES HIT PRICES
Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply.

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3

SPOTLIGHT
Scientists caught off-guard by record temperatures

Record temperatures in the first half of 2016 have taken scientists by surprise despite widespread recognition that extreme weather events are becoming more frequent and intense, the director of the World Climate Research Programme said.

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SPECIAL REPORT
World's tallest are Dutch, Latvians: 100-year study

Dutch men and Latvian women are the planet's tallest people but Iranian men and South Korean women have grown the fastest in the last century, according to the largest ever study of height around the world.

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NEWS IN PICTURES
Solar success

Solar Impulse CEO and co-founder André Borschberg and Betrand Piccard, initiator and chairman, wave to the crowd at the Al Bateen Executive Airport in Abu Dhabi after the solar plane landed following its historic round-the-world flight.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi builder Al-Khodari slumps to Q2 net loss

Saudi Arabian construction firm Abdullah Abdul Mohsin Al-Khodari and Sons said on Tuesday it swung to a net loss in the second quarter as earnings were pressured once again by a slowdown in the kingdom's building sector.

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Retail & Wholesale

Huawei's smartphone shipments jump 25pc in H1

China's Huawei Technologies, the world's third-largest smartphone vendor, said first-half global smartphone shipments jumped 25 percent, helped by rapid growth in traditionally high-end markets such as Europe.

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Energy, Oil & Gas

Egypt signs exploration deals with US and Cyprus firms

Egypt's minister of petroleum and mineral resources signed two agreements for oil and gas exploration in upper Egypt with US company IPR and Cyprus subsidiary Mediterra, the ministry said in a statement.

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Finance & Capital Market

Abraaj Group eyes 4-5 deals in Turkey

Abraaj Group expects to complete at least four or five acquisitions in Turkey in the next two years, a senior executive told Reuters on Tuesday, despite the political turmoil currently dominating the country.

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Analysis, Interviews, Opinions

Scientists caught off-guard by record temperatures

Record temperatures in the first half of 2016 have taken scientists by surprise despite widespread recognition that extreme weather events are becoming more frequent and intense, the director of the World Climate Research Programme said.

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Industry, Logistics & Shipping

Siemens ships locally produced gas turbines to Saudi plant

Technology major Siemens has delivered the first shipment of its locally produced gas turbines to the Integrated Gasification Combined Cycle (IGCC) power plant in Jazan, Saudi Arabia.

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Travel, Tourism & Hospitality
Lifestyle

Louis Moinet celebrates 200 years of chronograph

Louis Moinet has launched a new timepiece to celebrate the 200th anniversary of inventing the chronograph, and to salute its founder's indomitably brilliant creative genius.

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Motoring

Euro Motors offers new fleet at Land Rover Experience Centre

Euro Motors, the exclusive dealer and distributor for luxury automotive manufacturer Jaguar Land Rover in Bahrain, has announced the renewal of the fleet of Land Rover vehicles currently available at the Land Rover Experience Centre Bahrain (LRE), located

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Health & Environment

Nestlé to offer Solar Impulse pilots' diet for elderly

The food Nestlé developed for the pilots of Solar Impulse - the first ever solar-powered plane to complete a round-the-world trip - was the only ‘fuel’ on board during their epic adventure.

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Media & Promotion

Verizon to buy Yahoo's core business for $4.8bn

Verizon Communications said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash, marking the end of the line for a storied Web pioneer and setting the stage for a big new internet push by the telecom giant.

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Education, HR & Training

Dubai Science Park welcomes partners to new HQ

Dubai Science Park (DSP), a freezone promoting the science sector in the UAE, has announced the names of five new global business partners set to join the community, and five others who plan to relocate to DSP’s new headquarters tower.

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Miscellaneous
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