Tuesday 20 October 2020

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MARKET SEEN AT $2.4trn
Q3 best quarter for project completions in GCC: report

The GCC construction market witnessed a solid growth in project completion rate with its total value hitting $71.4 billion during the third quarter. The regional market is estimated at $2.4 trillion, with over 21,000 active projects, said a report.

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$1 BILLION INVESTMENT SEEN
ADQ enters deal with Lulu for Egypt expansion

ADQ, one of the region’s largest holding companies, has entered into a non-binding agreement with Lulu International Holdings (LIHL), a leading hypermarket chain, paving the way for an investment supporting LIHL’s expansion in Egypt of up to $1 billion.

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NEW ERA IN RELATIONSHIP
Bahrain, Israel sign MoUs on new ties

Bahrain and Israel today signed a historic joint communique on the establishment of diplomatic, peaceful and friendly relations, marking the new and promising era in their relationship.

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Seven new marketing trends that could shape the new era

Deloitte has identified seven marketing trends to enable business leaders to respond to their customer needs in the Middle East in the post-Covid era.

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INTERVIEW
Covid vaccine still not a certainty, says WHO scientist

A vaccine for Covid-19 is still not a certainty and it will still take several months to understand its efficiency, said Soumya Swaminathan, Chief Scientist at WHO, speaking on how to contain the virus in an interview on CNN Connect the World.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Oman lets expats buy units in multi-storey buildings

In a move aimed at boosting the real estate sector, Oman has permitted expats to buy units in multi-storey commercial and residential towers under the usufruct system. In the first phase, it will be open to only certain areas in Muscat, said a report.

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Retail & Wholesale

ADQ enters deal with Lulu for Egypt expansion

ADQ, one of the region’s largest holding companies, has entered into a non-binding agreement with Lulu International Holdings (LIHL), a leading hypermarket chain, paving the way for an investment supporting LIHL’s expansion in Egypt of up to $1 billion.

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Finance & Capital Market

MEA Fintech Forum in Bahrain in November

Mena’s leading international bank, Bank ABC, under the patronage of the Central Bank of Bahrain, will return with the fourth edition of its annual MEA Fintech Forum, to discuss some of the most relevant subjects for the financial services, in November.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Sustainability, efficiency, millennials driving HVAC innovations

The heating, ventilation, air conditioning (HVAC) innovations and advancements continue to reshape 2020, with many new trends across the industry such as sustainability, efficiency, and millennials set to impact businesses in the years ahead, said an in

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Travel, Tourism & Hospitality

Seera launches digital solution for corporate, govt travel

Seera Group, the region’s leading travel services company, today announced the launch of elaa 3.0, a digital travel management solution that has been designed to optimise corporate and government travel bookings across Saudi Arabia.

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IT & Telecommunications

UAE telecom subscribers top 21.8m in August

The number of subscribers in telecommunications services in the UAE, including mobile phones, landlines and Internet, grew to 21.808 million by the end of August, 1 percent up compared to the preceding month.

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Lifestyle

Arab Fashion Week returns to Dubai

The virtual Arab Fashion Week here from October 21 to 24 is featuring over 30 fashion designers from across Asia, Europe and America, in addition to a full day dedicated to the Brazilian designers under the title of Brazil Noble.

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Motoring

Lexus LX570 Sport and Sport Black Edition arrive

Ebrahim K. Kanoo, the sole distributor of Lexus vehicles in Bahrain, has announced the arrival of the highly coveted Sport and Sport Black Edition of the 2021 Lexus LX570 at its showroom in Sitra.

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Health & Environment

New Bahrain face masks factory wins licence

Bahrain's National Health Regulatory Authority (NHRA) has licensed the first factory to produce medical face masks in Bahrain, as part of the kingdom’s efforts to enhance medical investments.

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Media & Promotion

Dubai allows wedding receptions in hotels, halls

The Supreme Committee of Crisis and Disaster Management in Dubai has announced that wedding receptions will be allowed to resume in hotels, halls, homes, temporary venues, and tents in residential areas effective from October 22.

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Education, HR & Training
Miscellaneous

Baker McKenzie-SparkBeyond AI tie-up to reimagine legal industry

Leading global law firm Baker McKenzie and cutting-edge problem-solving platform SparkBeyond have announced a market-first collaboration to apply SparkBeyond's technology to disrupt the legal industry and reimagine what legal services might look like for

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