Manufacturing & Industry

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The report expects that if Qatar loses its hosting right of the World Cup, the infrastructure spending will lose execution focus and face potential delays.
July 18, 2014 - 00:18 GMT
The nominal effect of the World Cup cancellation is credit positive, as capital spending would be lower and more efficient, according to the bank.

June 26, 2014

EDL has written to the Finance Ministry that the allocation for fuel oil not be slashed from $1.8 billion to $2.2 billion.
23:28 GMT

An official at the state-owned Electricite du Liban said Wednesday that power plants have been shut down to limit fuel consumption, warning

SHAHID Application on Samsung Smart TV
08:09 GMT
(press release)

Samsung Electronics announced the launch of SHAHID Application on Samsung Smart TVs today, in partnership with MBC Group, the first private free-to-air satellite broadcasting company in the Arab World.

Oman has significantly increased state spending on healthcare in recent years, although it has also encouraged the private sector to take on a greater role.
01:14 GMT

Oman has set aside $3.38 billion in its 2014 healthcare budget, more than double the $1.3 billion spent last year, in part to sharpen its focus on combating non-communicable diseases, such as diabetes, hypertension and obesity, said a report.

June 24, 2014

Schmitz will assume his new responsibilities with immediate effect, and report to François Goupil de Bouillé, Vice President, Infiniti Europe, Middle East and Africa (EMEA).
14:15 GMT
(press release)

Infiniti has moved further forward with the implementation of its global transformation plan which began in 2012.

A market of 500 million people, the EU remained the world's biggest importer of farming and food products, though the level was mostly unchanged from 2012 at 101.5 billion euros.
04:55 GMT

The European Union (EU) beat out the United States to become the world's top exporter of agricultural and food products last year,

June 23, 2014

Badawood said many jobs could be done from home with the support of computers and the Internet.
22:26 GMT

The Civil Service Ministry is planning to introduce a distance work system for government departments, especially for women, as part of the government’s efforts to create more job opportunities for citizens.

Yasser Zeineldin, CEO of eHosting DataFort
07:52 GMT
(press release)

eHosting DataFort has been chosen by Dubai Aluminium to host its offsite Disaster Recovery (DR) and Business Continuity Management (BCM) service.

June 22, 2014

Forbes Middle East revealed that the criteria considered to rate the top companies included: the companies’ total revenue, net profits, total assets, and market capitalization.
19:06 GMT

On the Top 500 companies list, however, Egypt placed fourth in terms of number of companies contributed to the list.

Canon
09:47 GMT

Canon announced it has signed an agreement to acquire Denmark-based Milestone Systems A/S, a world leading provider of open platform video management software, via its subsidiary Canon Europa N.V.

Spotify
06:06 GMT
(press release)

Samsung Electronics Co., Ltd. announced a strategic partnership with music streaming service, Spotify.

June 19, 2014

Rolls-Royce shares jumped 7 percent on Thursday after the British aero-engine maker decided to buy back shares worth 1 billion pounds ($1.69 billion) instead of making any major acquisitions.
23:06 GMT

The company said it was on track to return to earnings growth next year.

The Kingdom, with a population of some 29 million people, reported annual car sales hovering at 700,000 units last year.
13:00 GMT

POSCO, one of the largest steelmakers in the world, signed a memorandum of understanding (MOU) to explore new business opportunities with Saudi Arabia’s sovereign fund, the company said Wednesday.

Canon’s rugged PowerShot D30
06:07 GMT
(press release)

Canon Middle East put the newly-launched, rugged and waterproof PowerShot D30 through its paces at an experiential activity in Yas Waterworld Abu Dhabi.

June 18, 2014

During the event
10:04 GMT
(press release)

Samsung Electronics announced its new Information technology devices distributor, North Axis Trading Co. in a ceremony held at the Sheraton Amman Al Nabil Hotel, gathering Samsung and NAT VIP clients.

June 17, 2014

LG Smart+ TV
07:12 GMT
(press release)

LG Electronics (LG) announced that more than one million units of its webOS-enabled Smart+ TVs have been sold since the launchof the lineup in March.