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FULL RECOVERY LIKELY IN 2014
Egypt tourist arrivals jump 11.8pc
The number of tourists visiting Egypt rose in the first four months of 2013, the cabinet said on Tuesday, but analysts say the sector is still suffering from the aftermath of the country's 2011 uprising.
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REGION-WIDE EXPANSION PLANNED
Oman launches ME-first solar driven oil recovery
Petroleum Development Oman (PDO), the largest producer of oil and gas in Oman, and GlassPoint Solar, a leader in solar enhanced oil recovery, have commissioned the Middle East’s first solar enhanced oil recovery (EOR) project.
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ANIMAL FEED PROJECT
Lebanese firm to invest $800m in Sudan
Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be sold to Saudi Arabia, its president said on Tuesday.
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SPOTLIGHT
Airbus A350 could make Paris show flypast
Airbus could steal the Paris Air Show with a flypast of its newest passenger jet, the A350, as confidence grows over a maiden flight some four weeks away.
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ANALYSIS
Regulations, lack of liquidity ‘hitting GCC IPOs’
Stricter regulatory scrutiny of companies with plans to list and a lack of liquidity in certain markets are the key factors responsible for the low volume of IPOs in the GCC in the last 12 months, say experts.
Top Trade News
 | Industry Sectors |
Drake & Scull clinches $461m Saudi contract
Dubai-based Drake & Scull International (DSI) has won a construction contract worth SR1.73 billion ($461.2 million) from Lamar Investment and Real Estate Development Company for its upcoming tower project in Jeddah.
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Dubai keeps rank as 2nd biggest retail market
Dubai has retained its position as the second most important international retail destination globally, closely behind London, which also retained its position, according to a new report.
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Aramco awards Midyan project to L&T
State-run Saudi Aramco has awarded India's Larsen & Toubro (L&T) a contract to build facilities including a gas processing plant for its Midyan gas field, state news agency SPA reported.
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Inflation a risk for strong Saudi economy: IMF
Saudi Arabia faces a possible inflation risk due to buoyant growth that may warrant policy action to prevent the economy from over-heating, the International Monetary Fund said.
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Airbus A350 could make Paris show flypast
Airbus could steal the Paris Air Show with a flypast of its newest passenger jet, the A350, as confidence grows over a maiden flight some four weeks away.
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Intermetal to build $20m furniture factory in Dubai
UAE-based Intermetal, a global furniture solutions leader and a Group Harwal company, has invested Dh75 million ($20.41 million) to establish a new factory in Dubai.
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Abu Dhabi plans 'bigger, louder' Summer fest
Abu Dhabi is gearing up for 52 days of family-friendly edutainment activities, colourful shows and exciting international performances spread over four action-packed halls and concerts this summer.
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Most firms ‘not curbing external software’
Fifty-seven per cent of companies do not use any specific tools to control third-party applications used by employees, a report said.
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Dubai Courts begins e-case registration
Dubai Courts has officially launched three innovative online service programmes, including ‘Al-Salfa, which permits online case registration, a first for the Middle East region.
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Aston Martin marks centenary in style
Aston Martin, the exclusive luxury car marquee, is celebrating its centenary in style with the global debut of its 6-litre V12-powered concept car, CC100 Speedster Concept.
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‘Barely 50pc in Bahrain eat 3 meals a day’
Only just more than a half of the residents in Bahrain eat the recommended three meals a day and 39 per cent of all nationalities do not take medication prescribed by a doctor, according to a new survey.
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Twitter chief to kick off Digital Media Forum
A top executive of online social networking service Twitter will kick off the proceedings of the second annual Digital Media Forum 2013 (DMF) opening in Dubai tomorrow (May 22).
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Bayt.com plans two virtual job fairs
Bayt.com, a leading job site in the region, has announced two virtual fairs: the Middle East Virtual Job Fair which will be accessible online from May 26 to May 30, and Hospitality Virtual Job Fair from June 9 to June 13.
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Saudi dairy approves $26m dividends
Saudi Dairy and Foodstuff Company (Sadafco) has announced distribution of dividends worth SR97.5 million ($26 million) at SR3 per share representing 30 per cent of the capital, for the first quarter, said a report.
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