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DEWA'S FIRST IWP PROJECT
Utico emerges preferred bidder for 120 MIGD Dubai desal plant
Utico, a leading water and power company in the UAE, has been named the preferred bidder for the construction and operation of a 120 million gallons per day (MIGD) sea water reverse osmosis (SWRO) plant in Dubai.
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1.7m REQUESTS PROCESSED
Emirates completes refunds backlog; $1.72bn returned
Delivering on its customer promise, Emirates has completed an intensive programme to clear its backlog of refund requests which was caused by pandemic-related travel disruption.
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TOP GOVT BODIES IN ACTION PLAN
Dubai launches initiative to become cashless society
The Government of Dubai has formed the ‘Cashless Dubai Working Group’ bringing together major entities to create an action plan to shift all payment transactions in Dubai to secure and easy-to-use cashless platforms across sectors.
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ANALYSIS
E-commerce sales slump in developing countries
Even though Covid-19 has pushed more consumers in developing countries to buy online, many e-commerce businesses in these nations have seen a slump in sales, said the UN Conference on Trade and Development (UNCTAD) in a new report.
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SPECIAL REPORT
Healthcare most innovative industry in 2020: GE
The healthcare industry has outperformed all other sectors with respect to innovation progress in 2020, 9% more than the next most innovative industry, the telecoms/internet industry, according to the latest GE Global Innovation Barometer.
Top Trade News
 | Industry Sectors |
Emaar, Arada launch Vida Residences Phase I units sale
Emaar Hospitality, the hospitality arm of Dubai developer Emaar Properties, has joined hands with leading UAE developer Arada to officially launch the first phase of off-plan sales for the 250-unit Vida Residences Aljada in Sharjah.
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Arabian Centres to build second shopping centre in Madinah
Arabian Centres, a leading owner, operator and developer of contemporary lifestyle centres in Saudi Arabia, has announced plans to build an outdoor shopping centre, Boulevard U Walk, at a prime location in Madinah, its second venture in the city.
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Dubai announces opening of Phase III of Maktoum Solar Park
Dubai Electricity and Water Authority (Dewa) has announced the opening of the Innovation Centre and the 800MW third phase of Mohammed bin Rashid Al Maktoum Solar Park, the largest single-site solar park built at a cost of Dh50 billion ($13.6 billion).
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Abu Dhabi Islamic helps Emirati investor to buy UK business park
Abu Dhabi Islamic Bank said it has provided AED91 million ($25 million) in Sharia’a-compliant structured financing for a private UAE-based client towards acquisition of a Dh141 million ($38.3 million) business park at Dorset on the UK’s south coast.
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The investment scene in the UAE today
The UAE saw an FDI increase by 32% between 2018 and 2019, reaching $13.8 billion, said an industry expert, adding that industrial diversification, investment deregulations, and higher availability of free-trade zones have driven this success.
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SAIF Zone, HFZA ink deal with Sharjah Municipality
Sharjah International Airport Free Zone (SAIF Zone) and Hamriyah Free Zone have jointly signed a deal with Sharjah Municipality to support their digital transformation vision, enhance mutual cooperation and upgrade work mechanisms.
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Accor plans 112 new properties in expanded MEA region
Accor, a world-leading augmented hospitality group, has added India and Turkey to its Middle East & Africa region. The newly expanded region will now comprise a portfolio of more than 84,000 rooms across 400 hotels.
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Etisalat selects Ericsson for 5G network core expansion
Etisalat, a leading telecommunications operator, has selected Ericsson to implement Ericsson’s Advanced 5G Radio and 5G Core network, including User Data Management (UDM).
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New IKEA store opens in Abu Dhabi shopping, lifestyle hub
Al Wahda Mall, a leading shopping and lifestyle destination in Central Abu Dhabi, has announced the opening of its new IKEA store. This is the Swedish home furnishing retailer's second outlet in the emirate and the fifth in the UAE.
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Mercedes-Benz Oman appoints Michael new CEO
Mercedes-Benz Oman has announced the appointment of Shaun Michael as its new Chief Executive Officer.
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1,000 young energy voices speak up on climate threat
A 1,000-strong body of young people coming up through the ranks in the global energy sector have sent an unambiguous message to leaders in their own industry and governments that action on climate change was not fast enough.
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MBC Group, Rotana Media Group sign landmark deal
MBC GROUP and Rotana Media Group, the largest media companies in the Middle East & North Africa (Mena) region are joining forces to bring Rotana’s TV channels to Shahid VIP, MBC’s premium subscription video on demand (SVOD) platform.
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UAE approves full foreign ownership of commercial firms
UAE has announced the complete overhaul of foreign ownership rules for commercial companies, as part of the government’s ongoing efforts to ensure a conducive legislative environment and open up economy to all nationalities.
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London tops, Dubai 6th on world's best cities list
London tops the world's 100 top-performing cities in the annual World's Best Cities Report of Resonance Consultancy, while Dubai is placed sixth on the list.
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