Friday 17 August 2018

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FEED, DETAILED DESIGN SERVICES
Saudi Aramco JV renews Jacobs' engineering contract

Jacobs Engineering Group said one of its subsidiaries has won a two-year contract renewal from Saudi Aramco Total Refining and Petrochemical Company (Satorp) for providing general engineering services at its plant in the Jubail Industrial City.

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1

DRILLING BEGINS IN H2
Eni wins new exploration licence offshore Egypt

Italian oil major Eni said that a new concession agreement, aimed at governing an offshore exploration license in the prolific East Nile Delta Basin of the Mediterranean Sea, has received approval by Egyptian authorities.

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2

ROBUST VOLUMES GROWTH
DP World H1 revenue surges 14.4pc to $2.62bn

DP World, one of the world's largest port operators, has recorded a 14.4 per cent growth in its revenue for the first half which rose to $2.62 billion, ably supported by volume growth across all three regions and impact of new acquisitions.

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3

ANALYSIS
8 factors that help gain market access to Mena

UL, a global leader in helping firms enter international markets, has revealed the factors that need to be tackled by global manufacturers to gain market access to any country in the Mena region.

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4

ANALYSIS
GCC debt issuance to exceed $50bn in 2018: Fisch

GCC sovereign issuance is on track to exceed $50 billion in 2018, surpassing last year’s levels, according to Zurich-based Fisch Asset Management, a specialist in select investment strategies.

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5

IMAGE OF THE DAY
Abu Dhabi marks India I-Day in style

Passengers from India and Pakistan being greeted in style at the Abu Dhabi International Airport on August 15 with sweets and traditional Indian tea to mark their Independence Day as they enter the Arrival and Baggage Claim Halls section.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sohar Aluminium in deal to set up $100m Oman plant

Leading Omani industrial group Sohar Aluminium said it has partnered with Synergies Castings, a leading Indian manufacturer of aluminium alloy wheels, to set up a new $100 million manufacturing plant in the sultanate.

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Retail & Wholesale

Samsung, Harman Kardon launch new soundbar range

Samsung Electronics announced today that it released two co-branded premium soundbars – the HW-N950 and HW-N850, in collaboration with Harman Kardon, the renowned consumer audio brand.

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Energy, Oil & Gas

Norwegian oil giant DNO ramps up Kurdish activity

Leading Norwegian oil and gas operator DNO has ramped up its activity in Kurdistan region of Iraq, where fast track development of the Peshkabir field is set to boost output by 15,000 barrels of oil per day (bpd) to 50,000 bpd by year-end.

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Finance & Capital Market

New orders drive Dubai non-oil sector output in July

Dubai’s non-oil private sector recorded continued improvement during July, stimulated by a further expansion in new orders, while business confidence remained strongly positive, according to the latest Emirates NBD Dubai Economy Tracker.

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Analysis, Interviews, Opinions

Breaking the reliance on the Qard’ Hasan

As competitive market conditions create significant underwriting losses in the (re)takaful sector, many operators based in the Mena region have become dependent on the Qard’ Hasan, according to a new briefing by A.M. Best.

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Industry, Logistics & Shipping

DP World H1 revenue surges 14.4pc to $2.62bn

DP World, one of the world's largest port operators, has recorded a 14.4 per cent growth in its revenue for the first half which rose to $2.62 billion, ably supported by volume growth across all three regions and impact of new acquisitions.

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Travel, Tourism & Hospitality

Adnec to promote Abu Dhabi as global medical tourism hub

Abu Dhabi National Exhibitions Company (Adnec) has renewed a landmark MoU with the Emirates Medical Association and the Abu Dhabi Convention Bureau to promote the UAE capital as a hub for world-class healthcare services.

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IT & Telecommunications

Mobily expands call centres with Saudi staff

Mobily, a top telecom provider in Saudi Arabia has expanded its call and customer care centres in Jeddah and Dammam to accommodate the newly recruited Saudi employees.

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Motoring

Liberty upgrades ACDelco to RTA certified facility

Liberty Automobiles has further enhanced its ACDelco Service Centre in Rashidiya, Dubai with the introduction of RTA-certified vehicle licensing, registration and testing services for all GM models.

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Health & Environment

10 tips for a healthy breastfeeding mom

We have all heard advice about certain foods that make breastmilk more nutritious; but not all of them are necessarily true, said an expert, outlining 10 tips for a healthy breastfeeding mom.

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Media & Promotion

KNCC launches rebranded Cinescape

Kuwait National Cinema Company (KNCC), the country's leading entertainment company, is rolling out a rebranded Cinescape across all its locations. Coinciding with the rebrand roll, the Kuwaiti firm is set to open a new multiplex at Al Kout Mall.

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Education, HR & Training

NUSACC hosts 15 Saudi women social entrepreneurs

The National US-Arab Chamber of Commerce (NUSACC), in partnership with Halcyon Incubator, recently hosted a delegation of 15 Saudi women social entrepreneurs from Taibah University in Madinah.

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Miscellaneous

DED-Ajman seizes fake goods worth $1.7m

The Department of Economic Development - Ajman (DED-Ajman) has seized of two warehouses in Al-Jaraf industrial area, confiscating more than 60,000 fake goods of well-known brand names, worth Dh6.22 million ($1.7 million).

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