Thursday 21 August 2014

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FIRM TO PAY $35m INTEREST
Nakheel repays all $2.15bn bank debt 4 years early

Dubai property developer Nakheel is repaying all of its 7.9 billion dirhams ($2.15 billion) of bank debt as much as four years ahead of schedule, the company said in a statement on Wednesday.

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1

PROJECT TO CUT DELIVERY COSTS
Iran ‘planning to build $2.5 billion oil terminal’

Iran is mulling the construction of a big oil terminal with an estimated investment of $2.5 billion in the port city of Jask off the Sea of Oman, said a report.

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2

‘MOVE MAY HIT TRADE, TOURISM’
Bahrain to increase visa fees from October

Visa fees are set to increase for everyone entering Bahrain from October, excluding labourers and domestic workers.

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3

ANALYSIS
Africa’s middle class on track for bigger growth

Africa has experienced substantial growth in its middle class, which increased to 15 million households from 4.6 million in 2000, marking a rise of 230 per cent over 14 years, a report said, suggesting greater scope for future growth.

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4

SPOTLIGHT
Damascus world’s least liveable city, Melbourne best: study

Damascus has the worst living conditions among all the cities in the world, said The Economist Intelligence Unit’s latest liveability survey, which ranked Melbourne as the most liveable city for the fourth year in a row.

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5

IMAGE OF THE DAY
Grief struck

Palestinians watch the funeral of the wife of Hamas's military leader, Mohammed Deif, his infant son Ali and other Palestinians whom medics said were killed in Israeli air strikes, in the northern Gaza Strip on August 20.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

KAEC to build new link road to railway station

King Abdullah Economic City has signed a contract to develop the initial phase of a road that will connect the Haramain inner-city railway station with its Business Park and residential communities.

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Energy, Oil & Gas
Finance & Capital Market

DIFC Authority CEO Singer quits

Jeffrey Singer said on Wednesday that he had resigned as chief executive of the DIFC Authority, which oversees Dubai's financial free zone, the Dubai International Financial Centre.

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Analysis, Interviews, Opinions

Africa’s middle class on track for bigger growth

Africa has experienced substantial growth in its middle class, which increased to 15 million households from 4.6 million in 2000, marking a rise of 230 per cent over 14 years, a report said, suggesting greater scope for future growth.

More…
Industry, Logistics & Shipping

Emirates SkyCargo to launch freighter service to Basel

Emirates SkyCargo, the freight division of Emirates, is set to further strengthen trade lanes between Switzerland and its worldwide network with the introduction of a weekly freighter service between Basel and Dubai.

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Travel, Tourism & Hospitality

First ‘Studio M’ hotel in Mideast to open in Riyadh

Millennium & Copthorne Hotels Middle East and Africa (MEA) has unveiled plans to launch its Studio M brand in Riyadh, in partnership with Saudi Arabian owner Waseel Properties and developer Raseel Properties.

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IT & Telecommunications
Government & Laws

Saudi Arabia opens new family courts

Saudi Arabia on Tuesday opened new courts focusing on family disputes, the first of a series of specialised tribunals aimed at making the kingdom's legal system faster, more transparent and predictable.

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Media & Promotion

MBC eyes European football leagues coverage rights

Dubai-based MBC Group is eyeing rights to cover European football leagues as part part of its most recent expansion which included the launch of four sports channels.

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Education, HR & Training

Employers step up workers’ wellness investment

Seventy-eight percent of the world’s employers are strongly committed to creating a workplace culture of health, to boost individual engagement and organisational performance, according to a new study.

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Miscellaneous

Man’oushe Street eyes big Mideast expansion

Man’oushe Street, a popular Middle Eastern restaurant chain that serves traditional, home-styled street food, has opened its first restaurant in Egypt.

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