Sunday 28 May 2017

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1,22,000-sq-ft FACILITY
Patchi breaks ground on hitech Dubai chocolate factory

Patchi, a leading luxury chocolatier in the UAE and the Middle East region, said it has started work on its new manufacturing facility, which will come up on a 122,000-sq-ft area in Dubai Industrial Park.

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HITECH WAREHOUSE, STORAGE
Majid Al Futtaim starts work on giant Carrefour facility in Dubai

Majid Al Futtaim, a leading shopping mall and leisure pioneer in the the Middle East and Africa region, has broken ground on global retailer Carrefour's largest regional distribution centre at the National Industries Park (NIP) in Dubai.

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2

AGGRESSIVE GROWTH SEEN
Mena e-commerce set to top $6.7bn this year

Driven by young demographics with high disposable income and high internet penetration rate, the Mena region’s e-commerce market value is set to hit the $6.7-billion mark this year, up from $4.8 billion in 2015, a report said.

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3

ANALYSIS
Eating, drinking, breathing—and apps

Many in the global workforce believe it is impossible and physically uncomfortable to live without apps, comparing them in importance to basic daily nourishment like eating, breathing and socializing, says a new study.

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4

SPECIAL REPORT
No light at the end of the Opec tunnel

Organization of the Petroleum Exporting Countries (Opec) and several non-Opec countries have finalised plans to extend production cuts for an additional nine months. However, they do not have any exit strategy in place, said an expert.

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5

NEWS IN PICTURES
G7 protest

Oxfam activists wearing masks of the leaders attending the G7 summit stage a protest in Giardini Naxos, near the venue of the G7 summit in the Sicilian town of Taormina, southern Italy.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Construction kicks off on Bloom's mixed-use project

Bloom Properties, a developer of integrated and sustainable communities, said it has started the main construction works at its mixed-use ‘Soho Square’ urban development on Saadiyat in Abu Dhabi, UAE.

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Retail & Wholesale

Mena e-commerce set to top $6.7bn this year

Driven by young demographics with high disposable income and high internet penetration rate, the Mena region’s e-commerce market value is set to hit the $6.7-billion mark this year, up from $4.8 billion in 2015, a report said.

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Energy, Oil & Gas

Iran sees $50bn oil deals kick off in 2018

Iran expects around $50 billion worth of oil contracts to launch their operational phases next year, the director of investment at the Industrial Development and Renovation Organization (IDRO) was quoted as saying in an Iran Daily report.

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Finance & Capital Market

Bahrain bans 'double swiping' of cards

The Central Bank of Bahrain (CBB) has announced that all merchants in Bahrain are required to stop the practice of 'double swiping' payment cards at their own point of sale (POS) and cash registers, from June 15.

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Analysis, Interviews, Opinions

Apps ‘will change in the way we live and work’

Embedded biometrics and AI will enable humans to take greater control of their personal data, an industry expert said, adding that these shifts will bring risks such as dangers of self-replicating AI and the weaponization of IoT.

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Industry, Logistics & Shipping

Honeywell joins top firms in delivering preferable refrigerants

Global technology leader Honeywell today announced that it is collaborating with Integrated Industrial Gases (IIG), Trane and Ashrae to deliver environmentally preferable refrigerant solutions to Saudi Arabia.

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Travel, Tourism & Hospitality

Qatar hotel occupancy, rates decline in Q1

Due to slowing economic activity and corporate spending, hotels in Qatar have experienced a decline in occupancy and average rates during the first quarter of 2017, a new report has revealed.

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IT & Telecommunications

TP-Link urges channel partners to develop domain expertise

TP-Link Technologies Co Ltd has urged its channel partners serving the server message block (SMB) space to specialise and develop some domain expertise in order to differentiate themselves in this market segment.

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Lifestyle

Chopard honours strategic suppliers

The Chopard Green Carpet Collection (GCC) Award for commitment to sustainability and social justice was launched yesterday (May 24) in Cannes, France.

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Motoring

Emirates Transport inks $84m contracts in Q1

Emirates Transport, the country's leading public transport provider, said it has signed Dh307 million ($84 million) contracts in the first quarter covering the key logistics, construction, tourism, and the oil and gas sectors.

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Health & Environment

Prime Hospital wins top Bariatric Surgery certification

Prime Hospital, Dubai’s leading private, multi-speciality hospital, has recently been accredited with the Center of Excellence in Metabolic and Bariatric Surgery by the Surgical Review Corporation (SRC).

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Media & Promotion

Beautyworld ends in style, draws record crowd

Beautyworld Middle East 2017, the region’s largest international trade fair for beauty products, hair and fragrances, ended in spectacular style attracting 42,012 visitors from 135 countries during the three-day event.

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Education, HR & Training

Ramadan ‘could spur new job search in Mena’

The majority of professionals (79.1 per cent) in the Mena say that they plan to spend more time looking for a new job during Ramadan, said a new report.

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Miscellaneous

Pure Gold helps to free 400 insolvent prisoners in Bahrain

Pure Gold Jewellers has secured the immediate release of 400 insolvent prisoners in Bahrain following the expansion of its ‘Forgotten Society’ initiative to help debt-laden prisoners, the company said.

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