Middle East Business Review – 14 Mar

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Middle East benefitting from Asian high-sulphur gasoil demand

Refiners in the Middle East are using high-sulphur gasoil to create an environmentally friendly fuel in order to feed the demand for cleaner and cheaper alternatives to petro-carbons. Click here to read more.

Qatar finalises deal on world’s deepest sea port

Qatari authorities announced they have awarded a second contract worth QAR4.5bn ($1.2bn) to Middle East Dredging Company to commence dredging work at the new sea port in Doha. Click here to read more.

Saudi to invest billions into ‘conference tourism’: report

Riyadh is working on plans to pump more money into its tourism industry and improve infrastructure such as hotels and airports. Click here to read the details.

We’re ready to fill ‘perceived or real’ oil supply gap: Saudi Oil Minister

Many analysts see the statement by the senior Saudi official as a u-turn on its oil policy which earlier tied production hike to increased costumer demand. Click here to read more.

Etihad-Air Berlin enter ‘cost-effective’ Dreamliner merger plan

The move comes as a result of Etihad’s acquisition of 29.21% stake in Air Berlin, making it the single biggest shareholder in Europe’s sixth largest airline. Click here to read more.

Bayt.com ready to lock horns with LinkedIn

Rabea Ataya, the chief executive of Bayt, insisted that the new developments have been copied by professional social networking website LinkedIn and not the other way round. Click here to read more.

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