Wednesday 29 March 2017

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60pc GROWTH BY 2021
UAE healthcare market on track to top $28bn

A shift in demand for preventive care, a rise in specialist services and digital health will drive the UAE healthcare market to surge from the current Dh64 billion ($17 billion) to over Dh103 billion ($28 billion) by 2021, a report said.

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1

'DISRUPTION SEVERE'
Iata calls for alternatives to electronic device ban

The International Air Transport Association (Iata) called on governments to urgently find alternatives to recent measures by the US and the UK to restrict the carry-on of large electronic items on certain flights departing the Mena region.

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2

$900m TRANSACTION
Qatari fund to sell 40pc stake in Santander Brasil

Qatar Investment Authority (QIA), the country's sovereign wealth fund has announced plans to sell its 40 per cent stake worth as much as $900 million in Santander Brasil, the Brazilian unit of top Spanish bank Santander.

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3

ANALYSIS
Trump flouts green concerns; lifts freeze on coal

US President Donald Trump’s latest executive order will mean some swift changes in areas such as lifting the coal moratorium, no longer factoring in climate change in environmental reviews, and changing the social cost of carbon.

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4

SPECIAL REPORT
Geopolitical flux hits GCC IPO market in 2016

While volatile oil prices and geopolitical uncertainties continued to take centrestage in 2016, the region witnessed weak performances in the IPO segment in terms of number of offerings and raising of total proceeds, a report said.

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5

NEWS IN PICTURES
Brexit time

British political satire artist Kay Mar stands outside Downing Street with his Article 50 painting in London. Prime Minister Theresa May will set out the UK's intention to withdraw from the EU in a statement to parliament today.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bobcat rolls out new tail swing excavator

Bobcat, one of the world's leading manufacturers of farm and construction equipment, has launched its new 1.7-tonne E17Z Zero Tail Swing (ZTS) canopy compact excavator model in the region.

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Retail & Wholesale

Gitex Shopper opens with 35,000 products

Gitex Shopper Spring Edition 2017 opened today in Dubai with an impressive line-up of retailers and brands from around the world offering 35,000 products under one roof.

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Energy, Oil & Gas

UAE cuts oil output by 200,000bpd: minister

The UAE reduced its oil production by nearly 200,000 barrels per day this month due to maintenance works, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said.

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Finance & Capital Market

Dubai ‘could become first Blockchain powered city’

Dubai is rapidly moving toward implementing Blockchain technology, which offers speedy and cost-effective transactions, and reaching its target of becoming the first Blockchain powered city by 2020, a senior IT expert has said.

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Analysis, Interviews, Opinions

Trump flouts green concerns; lifts freeze on coal

US President Donald Trump’s latest executive order will mean some swift changes in areas such as lifting the coal moratorium, no longer factoring in climate change in environmental reviews, and changing the social cost of carbon.

More…
Industry, Logistics & Shipping

Strata plans new ‘Factory of the Future’ in Al Ain

Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly owned by Abu Dhabi’s Mubadala Development Company, has unveiled plans for its second facility at Nibras Al Ain Aerospace Park.

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Travel, Tourism & Hospitality

Iata calls for alternatives to electronic device ban

The International Air Transport Association (Iata) called on governments to urgently find alternatives to recent measures by the US and the UK to restrict the carry-on of large electronic items on certain flights departing the Mena region.

More…
IT & Telecommunications

Gitex Shopper opens with 35,000 products

Gitex Shopper Spring Edition 2017 opened today in Dubai with an impressive line-up of retailers and brands from around the world offering 35,000 products under one roof.

More…
Lifestyle
Motoring

Al Khaldi Transport buys 539 Mercedes-Benz trucks

Daimler Commercial Vehicles Mena FZE and Juffali Industrial Products Company (Jipco) have concluded a major deal of 539 Mercedes-Benz trucks with the customer Al Khaldi Transport from Dammam.

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Health & Environment

UAE healthcare market on track to top $28bn

A shift in demand for preventive care, a rise in specialist services and digital health will drive the UAE healthcare market to surge from the current Dh64 billion ($17 billion) to over Dh103 billion ($28 billion) by 2021, a report said.

More…
Media & Promotion

Cineco reports $12.92m profit

Bahrain Cinema Company (Cineco), market leader in the entertainment industry in Bahrain, reported a net profit of BD4.87 million ($12.92 million) for the financial year ended December 31, 2016.

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Education, HR & Training

Rosatom, Russian universities visit Egypt

Representatives of Rosatom, the atomic energy corporation in Russia, and Russian universities visited major universities of Egypt recently and discussed opportunities for cooperation and development of educational programmes.

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Miscellaneous

Transguard wins new contracts worth $231m

UAE-based Transguard Group, a leading multifaceted business support services company, has announced more than 310 new contract wins worth over Dh850 million ($231 million) annually.

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