Sunday 17 November 2019

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WEAK CONSTRUCTION SECTOR BITES
Arabtec posts $119m net loss; 9-month revenue down 18pc

Arabtec Holding, a leading Dubai construction firm, has registered a third-quarter loss of Dh437.4 million ($119 million) owing to delays in handing over legacy projects apart from continued decline of real estate and construction sector.

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1

RUSSIANS TOP CONTRIBUTORS
Dubai World Central's 9-month passenger traffic soars to 1.3m

The passenger traffic at Dubai World Central (DWC), the emirate's second airport, reached 1.3 million for the first nine months of the year despite a seasonal contraction in traffic volumes during the third quarter, according to a report.

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2

KINGDOM RANKS 2nd GLOBALLY
Bahrain tops Mena in Islamic finance indicator

Bahrain has topped the entire Mena region for Islamic finance development, according to the seventh and latest annual Islamic Finance Development Indicator (IFDI).

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3

SPOTLIGHT
Top digital experience trends for 2020

The way in which engaging digital experiences are crafted is becoming increasingly formalized, said research and advisory firm Gartner in a new report, highlighting nine digital experience trends that organizations need to explore in 2020.

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4

SPOTLIGHT
Saudi tourism sector 'poised for fast-paced growth'

Saudi Arabia is making significant gains in inbound and domestic travel that complements the already lucrative outbound travel segment, to emerge as one of the world’s fastest growing and leading tourism destinations.

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5

NEWS IN PICTURES
Get Cult.fit with Hrithik

Bollywood actor Hrithik Roshan will be leading fitness sessions at two Cult.Fit studios in Dubai on Saturday. A fitness freak, Hrithik will be in action at the Jumeirah and Dubai Marina gyms and interact with fans and then join them for a dance fit party.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Arabtec posts $119m net loss; 9-month revenue down 18pc

Arabtec Holding, a leading Dubai construction firm, has registered a third-quarter loss of Dh437.4 million ($119 million) owing to delays in handing over legacy projects apart from continued decline of real estate and construction sector.

More…
Retail & Wholesale
Energy, Oil & Gas

Oil & gas to meet global energy demand in 2040: Opec

There will be a 25 per cent increase in total primary energy demand worldwide between 2018 and 2040, with oil and gas expected to meet most of this demand, said Opec secretary general Mohammad Sanusi Barkindo at Adipec.

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Finance & Capital Market
Analysis, Interviews, Opinions

The three phases of digital transformation

Business enterprises are taking advantage of the proliferation of digital technologies to define new business models or to improve business productivity with existing models, said an industry expert.

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Industry, Logistics & Shipping

Keryas to set up new paper recycling plant in Oman

Oman Public Establishment for Industrial Estates (Madayn) has signed a agreement with Keryas Paper Industry to set up a new recycling plant, the largest of its kind in the sultanate, in Suhar Industrial City at an investment of $40 million.

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Travel, Tourism & Hospitality

Dubai World Central's 9-month passenger traffic soars to 1.3m

The passenger traffic at Dubai World Central (DWC), the emirate's second airport, reached 1.3 million for the first nine months of the year despite a seasonal contraction in traffic volumes during the third quarter, according to a report.

More…
Lifestyle

Swiss brand Charriol opens exclusive boutique in Oman

Swiss watch brand Charriol has partnered with Muscat Watch Center to launch its mono-brand boutique at Oman Avenues Mall in the sultanate's capital. The new outlet also features jewellery collections in gold, silver/steel besides designer bags.

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Motoring

Electric Vehicles sparkle at Dubai motors show

With electrification and automation emerging as the core of all discussions taking place at this year’s edition of the Dubai International Motor Show, battery-powered cars are taking the motoring industry by storm.

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Health & Environment

Bahrain Dental Conference & Exhibition kicks off

The Fourth Bahrain Dental Conference & Exhibition “DLS4 Bahrain” kicked off today (November 14) under the patronage of Lieutenant General Doctor Sheikh Mohammed bin Abdullah Al Khalifa, president of the Supreme Council for Health.

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Media & Promotion

Dubai RTA inks $272m ad solutions deal with BlackLite

Dubai's Roads & Transport Authority (RTA) said it has signed a contract worth Dh1 billion ($272 million) with BackLite Media, a specialist outdoor advertising company, for the delivery of smart, advertising solutions in the emirate.

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Education, HR & Training

Misk Global Forum opens in Riyadh

The fourth edition of the Misk Global Forum opened yesterday (Nov 14) in Riyadh, Saudi Arabia with over 4,300 participants from 120 countries to discuss new trends and transformations sweeping the world of work.

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Miscellaneous

Bahrain Sea Festival draws over 30,000 visitors

The Bahrain Tourism and Exhibitions Authority (BTEA) has announced that the fourth edition of the Sea Festival was a major success, attracting more than 30,000 visitors from the kingdom and the neighbouring GCC countries during the 10-day mega event.

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