Tuesday 18 June 2019

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FUEL BURN CUT BY 30pc
Airbus launches longest range single-aisle airliner

Airbus has complemented its best-selling A321neo family with the launch of A321XLR, the longest range single-aisle airliner offering more range and 30 per cent lower fuel burn per seat than previous-generation competitor aircraft.

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$10.4bn CAME IN 2018
UAE moves up in FDI ranking; placed 27th

The United Nations Conference on Trade and Development's (UNCTAD) World Investment Report 2019 has ranked the UAE 27th globally in terms of attracting foreign direct investment (FDI), three positions up from 2017.

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NINE-YEAR AGREEMENT
Sanad signs $6.5bn Rolls-Royce Trent 700 AMC deal

Abu Dhabi-based Aerospace Turbine Services & Solutions (TS&S), now rebranded as Sanad Aerotech, has concluded a landmark agreement worth $6.5 billion with Rolls-Royce to become a Rolls-Royce Trent 700 Authorised Maintenance Centre (AMC).

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3

ANALYSIS
Oil weighed down by demand concerns

While growth-dependent commodities such as crude oil moved lower despite renewed concerns about stability in the Middle East, it was once again the agricultural sector that led from the front, says a senior official at Saxo Bank.

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4

ANALYSIS
Industry 4.0 shaping the future of sustainable business

Industry 4.0 is the intelligence behind the maximum efficiency of tomorrow’s world. An industry expert examines how collecting data today help businesses stay sustainable while predicting what will happen tomorrow.

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NEWS IN PICTURES
Musical treat

Eight more shows have been added to the autumn run of The Phantom of the Opera, meaning musical theatre fans and aficionados will now have one more week to see the world’s most popular musical when it makes its Middle East debut in October.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

GFH Properties launches Bahrain Harbour residences' sale

GFH Properties has launched the sales for its landmark Harbour Row residences with an exclusive financing plan that enables prospective buyers to purchase their dream home in the best waterside location in Bahrain.

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Retail & Wholesale

Oman’s retail sector ‘targeting youth’

Oman’s real estate market continues to be heavily impacted by its young demographic, with retailers, in particular, actively tailoring their offerings to meet the needs of the Sultanate’s youth, according to JLL, a top real estate advisory firm.

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Energy, Oil & Gas

Saudi minister hopes to balance oil market by next year

Saudi Energy Minister Khalid Al Falih said on Saturday that he hopes oil producers will be able to balance the oil market by next year. He had earlier this month revealed that Opec was close to a new production cut agreement.

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Finance & Capital Market

Bahrain records solid 2.73pc economy growth in Q1

Bahrain’s economy registered a real growth of 2.73 per cent for the first quarter over last year supported by continued non-oil sector growth against the backdrop of the increasing rates of spending on infrastructure projects, said a report.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Jafza to offer long-term visas to customers

Jebel Ali Free Zone (Jafza), a key engine of economic diversification and leading source of foreign investment, is offering facilities to obtain long term visas for its customers to attract and retain high caliber talent within the UAE.

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Travel, Tourism & Hospitality

Sharjah issues tenders for $408m airport expansion project

Major tenders were issued recently for the main works in Sharjah International Airport Expansion Project besides for the relocation of utilities and building substructure and other associated works.

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IT & Telecommunications

EIA buys strategic stake in UAE telecom group du

UAE-based Emirates Investment Authority (EIA) has reached an agreement with Mamoura Diversified Global Holding and General Investments to acquire a total of 463.263 million shares of Dubai-based telecom services company du.

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Lifestyle
Motoring

Uber unveils nextgen Volvo self-driving car

Uber Advanced Technologies Group (UberATG) has unveiled its latest Volvo self-driving SUV -- the first production car capable of fully driving itself -- at this year’s Uber Elevate Summit in Washington, USA.

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Health & Environment

Middle East Healthcare completes Dammam hospital

Middle East Healthcare Company has announced that it has completed the construction of its multi-specialty tertiary care hospital in Dammam which will house 100 outpatient clinics on a sprawling 30,000-sq-m area.

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Media & Promotion

Kylie Minogue to headline Dubai Rugby Sevens

International pop star Kylie Minogue has been confirmed to perform at this year’s Emirates Airline Dubai Rugby Sevens, as the largest sporting and social event in Dubai celebrates its 50th anniversary with an evening concert on December 6.

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Education, HR & Training

Arada partners with Sabis to set up new school in Sharjah

UAE's newest developer Arada has reached an agreement with global education network Sabis to open a new K-12 international school within its 24-million-sq-ft mega development, Aljada. Construction work is likely to begin in January.

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