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.

Bahrain’s Investcorp Tie-Up Targets European Distressed Debt

Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.

Fourth Iranian Held In UAE Over Businessman’s Kidnap

Ali Rehmat Assadi will stand trial in the UAE on charges of abducting Abbas Yazdi, who went missing in June, a source said.

Middle East Air Passenger Traffic Grows 13.4% In February

The region saw the strongest passenger growth worldwide, IATA said.

UniCredit CEO Says Etihad Good Partner For Alitalia

UniCredit, which is one of Alitalia’s creditor banks, owns a 13 per cent stake in the airline after it took part in a 500 million euro share issue.

Etihad’s Proposal For Alitalia Not Seen Before Monday-Sources

Etihad has finished reviewing Alitalia’s books as it considers whether to invest as much as 300 million euros via a capital increase, sources say.

Delta, Etihad Under Scrutiny As EU Probes Foreign Holdings In Airlines

A carrier must be more than 50 per cent owned and “effectively controlled” by an EU member state or EU citizens to obtain an operating license.

The UAE: A Thriving Japanese Car Market

The Japanese automotive industry is one of the most prominent in the world.

Berlusconi Family Seeks Middle East Buyers For AC Milan Stake

The club’s co-CEO Barbara Berlusconi said she would travel to the Middle East to find partners for the club.

Qatar Airways Launches Philadelphia Flights

Doha carrier looks to attract two-way traffic with new Oneworld member US Airways as it launches fifth US destination

Blasts At Cairo University Kill Two – Security Officials

Two bombs killed a police officer and wounded five other security forces who had been guarding the facility, the ministry said.

Sudan Says Qatar To Deposit $1bn As Part Of Aid Package

A sudanese official declined to disclose the total value of aid that Qatar had agreed to offer Sudan.

Cebu Flights Will Divert To Sharjah During Dubai Airport Runway Closure

The low-cost airline said all flights to and from Dubai between May 1- July 20 will operate out of Sharjah.

British Airways Launches Daily Flights On Jeddah-London Route

The expansion is part of British Airways’ investment in Saudi Arabia and the wider Middle East.

Arabtec Appoints New CEO For Egypt Subsidiary

Sami Asad, formerly the CEO of Arabtec’s Construction Group, will now lead the newly created subsidiary, Arabtec Egypt.

UAE Warns Nationals Against Travel To Thailand

The Southeast Asian country has been facing political turmoil since November.

Gulf States To Invest Over $730m In Tourism Infrastructure In Morocco

The states will use their Wessal Capital joint venture to make the investment.

Apple Seeks Decisive US Court Ruling Against Samsung

Apple and Samsung have been litigating around the world for nearly three years.