Dubai’s Drake And Scull Wins $40m Algeria Contract

The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.

The GCC’s Food Security Dilemma

A lack of arable land and growing number of mouths to feed makes food security a pressing issue for the GCC.

Gulf Arab States Agree On Measures To Heal Internal Rift

GCC foreign ministers met in Riyadh for a comprehensive review of measures used to implement foreign and security policies.

Google Misses Revenue Target, Ad Prices Slide

The average “cost per click” declined nine per cent, as mobile advertising make up a bigger slice of its business.

Abu Dhabi’s TAQA Begins Storing Gas At New Bergermeer Facility

TAQA has invested in Bergermeer storage facility alongside Dutch energy company EBN.

Medical Tech Firms Boom In GCC As Healthcare Spend Surges

Medical tech firms are flush with rising government healthcare spend.

Google Unveils Email Scanning Practices In New Terms Of Service

The company clearly stated that incoming and outgoing emails are automatically analysed by software to create targeted ads.

Infiniti Middle East Sales Up 19% In 2013

The Japanese car maker sold around 5,892 units in the region during its financial year ended March 2014.

Australia Prioritises Gulf Free Trade Agreements

Minister wants to ‘turbo charge’ investment opportunities on back of abundant air links

Europe’s Top Banks Cut 80,000 More Staff In Post-Crisis Overhaul

Banks across the globe have shrunk radically since the 2008 collapse of U.S. bank Lehman Brothers sparked the financial crisis.

Iran: The Largest And Most Enigmatic Frontier Market

Iran boasts a large, educated population and a wealth of business opportunities, writes Ali Borhani, founder of Incubeemea.com.

New Six Flags Theme Park To Open In Dubai In 2017

The project, being developed in partnership with Meraas, will be located in the Dubai developer’s multi-themed park project in Jebel Ali.

Italian Court Bars Emirates From Flying Between Milan, New York

Emirates, which may appeal the decision, started to fly the Malpensa-New York route in October last year.

Dealing With The Shale Gas Equation

Is the rise of shale gas and oil a threat or an opportunity for GCC nations?

Hong Kong: The Next Financial Frontier

With GCC investors increasingly looking east, can Hong Kong maintain its position as the financial centre of choice for China?

New Japanese Farming Methods Target UAE’s Agricultural Sector

Until recently it was thought that agriculture in the UAE was a futile industry. But Japan’s film farming technology is forcing the experts to revaluate.

Silicon Valley Firm Joins Dubai’s Innovation 360 To Launch $100m Start-Up Fund

Fenox Venture Capital firm has inked a partnership with Innovation 360, a Dubai-based innovation consultancy to invest in start-ups in the region.

BlackBerry “Losing Money And Burning Cash” – CEO

The Canadian firm may consider exiting handsets and focus on investments, acquisitions and partnerships.

Oasis Centre May Include Cinemas In The Future – Director

The Landmark group hopes to have at least 10 Oasis Centre malls operational across the GCC by the end of 2015.

Internet Users Can Do Little To Protect Themselves From ‘Heartbleed’ Bug

Google, Amazon confirm that their websites are not affected by the bug.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Alabbar-Chaired Firm Launches $1.2bn Project In Langkawi, Malaysia

Perdana Quay, launched by Tradewinds Corporation, is an integrated leisure, retail, residential and commercial development.

Emirates To Cut Three Kiev Flights

The reduction follows ongoing political unrest in Ukraine.

UAE’s Julphar Inks Five-Year Deal With Global Pharma Firm Merck

Under the deal, Julphar will manufacture MSD products related to diabetes, asthma, allergy, pain and inflammation.

Cyber-Attacks Up 91% In 2013

Oil and gas companies were found to be among the most at risk of cyber-attacks last year.

Kuwait Boosts Oil And Diesel Supplies To Egypt

Kuwait Petroleum Corporation will provide Egypt with 85,000 barrels of crude oil per day.

Samsung Electronics’ Lower Q1 Estimate Highlights Smartphone Challenges

Samsung estimated that its January-March operating profit fell by 4.3 per cent to 8.4 trillion won ($7.96 billion).

Five Minutes With… Alvaro Silva-Santisteban F, Director, Peru Trade Office – UAE

Peru hopes to double trade with the UAE this year, according to the head of the Trade, Tourism and Investment Office of Peru in the UAE.

Kuwait In Talks To Renew Contracts On Supplying Oil To Egypt

In July 2013 Kuwait pledged $4 billion to Egypt, including $1 billion in oil products.

Whatsapp new privacy features

Middle East Banks “Scared” Of Social Media – Senior Banker

Lenders in the region must create effective social media strategies if they want to thrive in the future, say experts.

Milan To Dubai: Building The Expo Connection

As Expo 2015 host Milan prepares for the event, officials say they are pleased to hand the baton to Dubai in 2020.