Friday 21 September 2018

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MOVE TO CREATE BIGGEST CARRIER
Emirates seeks Etihad takeover, says Bloomberg

Dubai-based Emirates is looking at taking over unprofitable neighbour Etihad, Bloomberg News said quoting people familiar with the matter, in a move that would create the world’s biggest carrier by passenger traffic.

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1

DEAL FOR LINE 1 AND 2
Camco awarded Riyadh Metro O&M contract

Capital Metro Company (Camco), the joint venture between RATP Dev - a subsidiary of RATP Group - and Saudi Public Transport Company (Saptco), has been awarded the flagship Riyadh Metro Operations & Maintenance (O&M) contract for Lines 1 and 2.

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2

ASSETS HIT $226bn
Mubadala H1 group profit nears $3bn

Mubadala, the Abu Dhabi-based investment and development company, reported a group profit of Dh10.9 billion ($2.9 billion) for the first half of 2018, driven by revenues from public equities and petroleum companies.

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3

ANALYSIS
Saving time and money top reasons to use AI

Fifty-eight per cent of respondents to a survey by research advisory Gartner said they would use AI if it helps them save time by taking over some tasks, while 53 per cent said they would use AI if it helps them save money.

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4

SPOTLIGHT
New IMO regulations 'will impact oil export dynamics'

The new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO) will have a major impact on shippers and Gulf producers of crude oil, says a new report from Apicorp.

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5

IMAGE OF THE DAY
Stars shine at Oberpollinger launch

Top German models Vanessa Fuchs and Luisa Hartema at the grand opening of the new Oberpollinger ground floor 'Muenchens Neue Prachtmeile' in Munich, Germany on September 12. The top German department store opened it doors after a major revamp.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Riyadh Metro project work 75pc completed

Saudi officials said steady progress was being made on the Riyadh Metro development with about 75 per cent of the work already completed on the kingdom's ambitious project. Work at 250 sites along the metro network routes is under progress.

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Retail & Wholesale

Mars plans $1bn investment in sustainability

Mars, a global business that produces some of the world's best-loved brands such as M&M's and Snickers, is investing $1 billion over the next few years in its Sustainable in a Generation Plan.

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Energy, Oil & Gas

Sabic, Clariant sign deal for speciality materials

Sabic, the world’s third largest diversified petrochemicals company, has signed an agreement with Clariant towards taking steps to establish certain elements of its Specialties business as a stand-alone business.

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Finance & Capital Market

Berkshire Hathaway Specialty Insurance boosts Dubai team

Berkshire Hathaway Specialty Insurance Company (BHSI) has announced further expansion of its leadership team in Dubai, UAE, with the appointment of executives to fill key product line and service posts.

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Analysis, Interviews, Opinions

New IMO regulations 'will impact oil export dynamics'

The new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO) will have a major impact on shippers and Gulf producers of crude oil, says a new report from Apicorp.

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Industry, Logistics & Shipping

Gulftainer inks 50-year US port concession agreement

Gulftainer, a UAE-based port operator, has finalised a 50-year concession deal to operate and develop the Port of Wilmington. With a $600-million investment, the company aims to turn the port into one of largest gateways on the US East Coast.

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Travel, Tourism & Hospitality

Oman Air launches daily flights to Athens from June

Oman Air, the national carrier of the sultanate, is set to start daily flights to another exotic destination, Athens, the capital of Greece, from June next year. This is the first of several new routes being launched by the airline in 2019.

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IT & Telecommunications

Cisco unveils server for AI and machine learning

Cisco is unveiling its first server built from the ground up for Artificial Intelligence (AI) and Machine Learning (ML) workloads, speeding up deep learning.

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Lifestyle

Saudi designer shines at London Fashion Week

The DXB>LDN Showroom at London Fashion Week ended yesterday (September 18) with a special mention from the British Fashion Council for Share This Space and an accreditation for Saudi designer Sheen.

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Motoring

All-new Hyundai Santa Fe launched in UAE

South Korean automaker Hyundai has launched the all-new fourth-generation Santa Fe in the UAE, offering outstanding style and innovative technology.

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Health & Environment

Clinic for machine learning in health launched

US-based MIT and Community Jameel, the social enterprise organization founded and chaired by Mohammed Abdul Latif Jameel ’78, launched the Abdul Latif Jameel Clinic for Machine Learning in Health (J-Clinic) at MIT.

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Media & Promotion

Over $3.5bn spend to boost Mena film sector

More than $3.54 billion investment in cinema screens across the Gulf is expected to help the region’s cinema industry expand manifold, said organisers of the upcoming inaugural Mena Cinema Forum in Dubai, UAE.

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Education, HR & Training

Aldar Properties wins award for Emiratisation

Aldar Properties said it had won a prize at the Emirates Emiratisation Awards in the small company's category. The Abu Dhabi developer said 30 per cent of its overall workforce is Emiratis and of this nearly half are women.

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Miscellaneous

Saudi King oversees Ethiopia-Eritrea peace agreement

Saudi Arabia’s King Salman bin Abdulaziz and HRH Crown Prince Mohammed bin Salman recently oversaw the signing of a historic peace agreement between Eritrea and Ethiopia in Jeddah, Saudi Arabia.

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