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HuaweiMANAMA — Bahrain has moved up the rankings for the second consecutive year in the World Economic Forum’s Global Information Technology Report. A rise of eight places since 2008 puts the kingdom at 37th out of 134 economies worldwide.
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JEDDAH —Saudi Arabia’s automotive market including transport infrastructure and commercial vehicles are worth $9 billion, according to Mufareh bin Mohammed Al Zahrani, assistant deputy minister for technical affairs, who is also the director of transport and road affairs,Western Region.
JEDDAH — The Islamic Corporation for the Development of the private sector, or ICD, the private sector development arm of the Islamic Development Bank Group, signed an agreement with Aden Sugar Refinery, a member of the Midroc Al Amoudi, for establishing a sugar refinery in Yemen.
DUBAI - UAE shares snapped three days of losses on Thursday, thanks largely to a rebound in property stocks. Dubai index heavyweight Emaar Properties surged in spite of a downgrading of its credit rating by Moody’s 
Investor Service.
DUBAI - HC Brokerage has assigned Aramex ‘buy’ in its initial coverage of the Dubai-based logistics provider, citing its strong balance sheet and minimal debt.
DUBAI - The Middle East civil aviation sector, which has bucked the current global slump, will require more than 12,000 pilots over the next 20 years to fly the region’s rapidly-expanding airline fleets, an aviation industry 
expert says.
SEOUL - South Korean construction firm Samsung C and T said on Friday that a real estate developer in the United Arab Emirates has scrapped a 1.08 billion dollar order.
DUBAI - Dubai-based Mashreq Bank on Wednesday launched its Egyptian operations with 10 branches in Cairo and Alexandria and a capital outlay of 560 million Egyptian pounds 
($99.4 million).
DUBAI - Intel Corporation on Wednesday ruled out any move to cut jobs in the Middle East and Africa, in spite of an expected slowdown in its business, and said it would press ahead with a regional investment programme.
DUBAI - Oriental Bank of Commerce, India’s tenth largest public sector bank, opened its representative 
office in Dubai. The Dubai office, the first overseas presence of Oriental Bank of Commerce, also called OBC, will provide only advisory services to its customers and will not enter into lending operations, the bank said.