Friday 20 October 2017

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INSPECTION MISCONDUCT
Nissan suspends car production in Japan after major recall

Nissan Motor is suspending domestic production of vehicles for the Japanese market for at least two weeks to address misconduct in its inspection procedures that led to a major recall, Reuters said.

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DEAL FOR 39 PLANES
Singapore Airlines set to sign $13.8bn order with Boeing

Singapore Airlines (SIA) hopes to sign an agreement with Boeing for planes worth $13.8 billion during Prime Minister Lee Hsien Loong's visit to Washington next week, reports said.

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2

RECORD 9.9m bpd OUTPUT SEEN
US crude oil production set to increase in H2

United States Energy Information Administration (EIA) forecasts that US crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017.

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3

ANALYSIS
Despite the hype, AI adoption still in early stages

Despite the intense hype surrounding artificial intelligence (AI), its adoption is still in the early or even planning stages for most European businesses surveyed in a recent study by SAS, a leader in analytics.

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4

SPECIAL REPORT
Bad toilets are bad for business: report

The condition of toilets in UAE businesses may deter – or attract – customers, a report said, noting that half of Emiratis who experience unclean toilets vow to never again frequent the business or will think twice before revisiting.

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5

NEWS IN PICTURES
Heritage art

Dubai Culture recently organised an event designed to celebrate the UAE’s rich history showcasing traditional crafts including coffee making, Al Talli embroidery making, and silver engraving by skilled artisans.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Address Residences Jumeirah awards Dubai tower deal

UAE-based Address Residences Jumeirah Resort+ Spa has awarded the main construction contract for its mixed-use 77-storey twin-tower development coming up in Dubai to Multiplex Constructions, a leading international contractor.

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Retail & Wholesale

Majid Al Futtaim's $71m Sharjah mall revamp on track

Majid Al Futtaim, a leading shopping mall and leisure pioneer in the region, said 75 per cent of the work on its Dh260-million ($71 million) City Centre Sharjah revamp project has been completed and is set for opening by the year-end.

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Energy, Oil & Gas

Saudi Aramco IPO set for 2018, says oil minister

Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of Aramco, in 2018, said a report citing the Saudi Oil Minister Khalid Al Falih.

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Finance & Capital Market

Mubadala launches new venture capital business

Abu Dhabi-based investment company Mubadala has set up its new venture capital business in partnership with leading Japanese conglomerate SoftBank. Also in a major move, the company has opened its first US base in San Francisco.

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Analysis, Interviews, Opinions

Could fintech disrupt GCC banks' business models?

Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings.

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Industry, Logistics & Shipping

Jebel Ali Port expands Container Terminal 3 productivity

Dubai-based global marine terminal operator DP World is stepping up container handling productivity at its flagship Jebel Ali Port, by adding 1.5 million TEU (twenty-foot equivalent units) to Container Terminal 3 (T3).

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IT & Telecommunications

Zain Bahrain wins GCC Best Employer Brand Award

Zain Bahrain, a leading telecommunications provider in Bahrain, has been awarded the prestigious 2017 GCC Best Employer Brand in recognition of its outstanding Human Resources (HR) practices.

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Lifestyle

MAG Property in deal for biggest fleet of Rolls-Royce Ghost cars

MAG Property Development (MAG PD) has announced a deal with Rolls-Royce Motor Cars Dubai that will see it become the owner of the biggest fleet of Rolls-Royce Ghost model motor cars in the Middle East region.

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Motoring

BMW electrified sales top 10,000 in September

BMW Group sales of electrified vehicles in September topped the 10,000 mark for the first time in a single month, taking sales in the first three quarters of 2017 to higher than that achieved in the whole of 2016.

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Health & Environment

Dubai tightens e-cigarette smoking ban in malls

Dubai Municipality, in a major move, is set to tighten its ban on electronic cigarette smoking in public places and shopping malls, both indoors and also at the entrances of the malls, said a report.

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Media & Promotion

SRMG buys key stake in Saudi financial news service Argaam

The Saudi Research and Marketing Group (SRMG) has acquired a controlling stake in the Argaam Investment and Trading Company, which publishes an online financial news service.

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Education, HR & Training

American University of Beirut tops QS ranking

Lebanon's American University of Beirut tops this year's QS University Rankings for the Arab Region, released by Quacquarelli Symonds (QS), a global higher education analyst, today.

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Miscellaneous

180 nations gather in Dubai to discover Expo 2020 plans

Hundreds of delegates from across the globe have gathered in Dubai to hear about the plans and progress of Expo 2020 Dubai and to help shape the first World Expo in the Middle East, Africa and South Asia (MEASA) region.

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