Tuesday 17 January 2017

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800MW BY 2020
Work to begin on phase 3 of Dubai’s $13.6bn solar park

The Dubai Electricity and Water Authority (Dewa) and Masdar will begin construction of the 800-megawatt Phase 3 of the Dh50 billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park in Dubai, UAE at the end of this month.

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1

HOUSING, ROADS TOP PRIORITY
Kuwait to spend $15.6bn on infrastructure in 2017-18

Kuwait is set to spend about KD4.74 billion ($15.6 billion) on infrastructure with a prime focus on housing, roads and airports, in fiscal year 2017-2018 and the private sector contributing 16.9 per cent of the spend, said a report.

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2

BID CALL FOR 10GW PROJECTS
Saudi Arabia plans $50bn investment in green energy

Saudi Arabia will invest up to $50 billion by 2032 in a renewable energy programme to be launched in the few weeks, said Energy, Industry and Mineral Resources Minister Khalid Al-Falih at the World Future Energy Summit in Abu Dhabi, UAE.

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3

ANALYSIS
Three predictions for the future of retail

It’s up to retailers to adapt to today’s rapid changes and in some areas even lead the way, says the president and CEO of Walmart, highlighting what customers can expect their shopping experiences to be like 10 years from now.

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4

TECHNOLOGY
Smart card ‘keys’ crucial to maintaining security

Even if you are using a secure technology (like EV1), access control cards and smart cards can still be copied if there is careless use of the smart card ‘Keys’, says an industry expert.

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5

NEWS IN PICTURES
Crystal Award for Shakira

Colombian singer and UNICEF Global Ambassador Shakira reacts after receiving a Crystal Award, during the Crystal Award Ceremony on the eve of the 47th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, on January 16.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Kuwait to spend $15.6bn on infrastructure in 2017-18

Kuwait is set to spend about KD4.74 billion ($15.6 billion) on infrastructure with a prime focus on housing, roads and airports, in fiscal year 2017-2018 and the private sector contributing 16.9 per cent of the spend, said a report.

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Retail & Wholesale

Majid Al Futtaim unveils Ajman mall revamp plan

Majid Al Futtaim, a key retail pioneer in the region, has unveiled a comprehensive redevelopment plan for City Centre Ajman that will see the mall almost double in size from 29,000 sq m to 52,000 sq m while adding more car parking spaces.

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Energy, Oil & Gas

Saudi Arabia plans $50bn investment in green energy

Saudi Arabia will invest up to $50 billion by 2032 in a renewable energy programme to be launched in the few weeks, said Energy, Industry and Mineral Resources Minister Khalid Al-Falih at the World Future Energy Summit in Abu Dhabi, UAE.

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Finance & Capital Market

Saudi growth to decline this year: IMF report

Saudi Arabia is expected to see a decline in growth to 0.4 per cent in 2017, compared with a growth of 1.4 per cent in 2016, an IMF report said. The kingdom is expected to grow at 2.3 per cent in 2018.

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Analysis, Interviews, Opinions

Building a future that is smart, clean and sustainable

A land of endless possibilities is how the UAE likes being described. In a very short span the country has achieved global recognition for excellence in hospitality, logistics, airport management and now, clean energy.

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Industry, Logistics & Shipping

Sabic launches dedicated foam grade for MEA

Leading petrochemicals producer Saudi Basic Industries Corporation (Sabic) has launched a new dedicated foam grade for the Middle East and Africa (MEA) to broaden the applications for the tapes, seals and underlayment market.

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Travel, Tourism & Hospitality

2017 to see more DIY trips

'Do-it-yourself' trip planning seemed to be the most preferred choice for most travellers in 2016, especially millennial travelers, and is expected to continue in 2017 with an estimated 38 per cent rise in the use of DIY trip plans.

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IT & Telecommunications

Batelco to launch 'Bahrain WiFi' in all Seef Malls

Batelco, Bahrain's leading digital solutions provider, has signed a partnership with Seef Properties, Bahrain’s leading property management company, paving the way for the launch of ‘Bahrain WiFi’ across the three Seef Malls in the kingdom.

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Lifestyle

Bahrain Duty Free launches premium watches boutique

Bahrain Duty Free has unveiled the latest addition to its upgraded departures retail outlet at Bahrain International Airport, with the opening of a dedicated premium watches boutique.

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Motoring

All-new Ford GT Supercar sports ‘dashboard of the future’

Like the glass cockpit in airplanes and race cars, the all-new Ford GT features an all-digital instrument display in the car’s dashboard that quickly and easily presents information to the driver, based on five special driving modes.

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Health & Environment

Unique Group to launch medical technology unit

Unique Group, a leading integrated subsea and offshore solution provider, is investing almost €2 million in an innovative healthcare division to bring its 25 years’ of expertise in hyperbaric oxygen treatment (HBOT) chambers to new markets.

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Media & Promotion

Middle East film festival to celebrate women

The unique film festival which gives audiences a powerful view of the world as seen through the eyes of women will present a fascinating collection of short works from around the world when it returns to cinema screens in Dubai.

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Education, HR & Training

Bechtel launches Saudi graduate recruitment programme

Bechtel, a global leader in engineering, procurement and construction, has launched a major new graduate recruitment programme with the Riyadh College of Technology (RCT) in Saudi Arabia.

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Miscellaneous

Dubai Culture appoints CEO of happiness

The Dubai Culture & Arts Authority has appointed Latifa bin Demaithan as chief of happiness and positivity in the authority, in addition to her role as office manager of the vice chairman of Dubai Culture.

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