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STRATEGIC ALLIANCE
Saudi Arabia, Russia to invest $2bn in tech projects
The Russian Direct Investment Fund (RDIF) together with partners from Saudi Arabia intend to invest $2 billion in technology projects in 2019, head of RDIF Kirill Dmitriev was quoted as saying in a media report.
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45m GALLON DESAL PROJECT
Acwa Power named preferred bidder for UAE IWP
A consortium led by Saudi-based Acwa Power and Tecton Engineering and Construction has emerged as the preferred bidder for a 45 million imperial gallons per day desalination independent water project in the UAE emirate of Umm Al Qaiwain.
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PRODUCTION FREEZE MAY END
Opec members to decide on raising oil production
Members of the Organisation of the Petroleum Exporting Countries (Opec) will meet in Vienna this week to decide on whether to end its production freeze, a market expert has revealed.
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ANALYSIS
Cellular IoT deployments to hit 3.5bn in 2023: study
Cellular IoT connection deployments are expected to nearly double since November 2017 to reach an estimated 3.5 billion in 2023, driven by ongoing large-scale deployments in China, said Ericsson in a new report.
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ANALYSIS
Cybersecurity risks ‘threatening blockchain growth’
Even as the blockchain technology market is expected to reach $9.6 billion by 2024, device-to-cloud cybersecurity company McAfee sees a big potential for cybersecurity risks that could threaten the technology’s rapid growth.
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NEWS IN PICTURES
Spectacular ice show
Prepare to be dazzled by Mickey Mouse and his friends this Eid as they perform spectacular ice-skating feats in an all-new live family musical show at the Bahrain International Exhibition and Convention Centre.
Top Trade News
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 | Industry Sectors |
Acwa Power named preferred bidder for UAE IWP
A consortium led by Saudi-based Acwa Power and Tecton Engineering and Construction has emerged as the preferred bidder for a 45 million imperial gallons per day desalination independent water project in the UAE emirate of Umm Al Qaiwain.
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City Centre Ajman adds new stores, F&B outlets
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer in the region, has added 18 new international stores and restaurants at City Centre Ajman as part of its Dh643 million ($175 million) enhancement project.
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Dewa commissions 15 substations worth $471m
Dubai Electricity and Water Authority (Dewa) has commissioned 15 132/11 kV substations as of May 20 at a total cost of AED 1.73 billion ($471 million), supporting the ambitious national development plans.
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UAE launches new e-services for taxable persons
UAE’s Federal Tax Authority has developed its e-services to include new features allowing taxable persons to link their accounts with an accredited tax agency, authorising it to carry out registration procedures and submit tax returns.
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Blockchain – Game changer or ‘Slow Burn’?
Most people associate blockchain with cryptocurrencies such as Bitcoin. However, blockchain is now being billed as a technology that will improve visibility, productivity and security for business, says an industry expert.
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Stable outlook for shipping firms on earnings growth
The outlook for the global shipping sector for the next 12 months remains stable on the back of expected supply-demand improvements in the dry bulk and container shipping segments said Moody's Investors Service in a new report.
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Explore Dubai without leaving the airport
Dubai Tourism has launched a new, technologically-advanced digital installation that allows passengers passing through DXB to tour the emirate without leaving the airport, said a report
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Security awareness ‘stalled by lack of resources’
Cyber security awareness programmes are beginning to gain ground among businesses, but that many of the professionals responsible for their implementation are challenged by a lack of time, budget and resources, a report said.
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The Pearl of Bahrain watch auctions for over $250,000
A rare 1958 Patek Philippe watch has been auctioned off for CHF 250,000 ($253,360) at Christie’s Rare Watches auction, which was held at the Four Seasons Hotel des Bergues last month.
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Audi global year-on-year sales edge up in May
German automaker Audi AG delivered around 160,600 premium automobiles to customers worldwide in May, reflecting an increase of 0.7 per cent year-on-year.
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WHO releases new International Classification of Diseases
The World Health Organization (WHO) is today releasing its new International Classification of Diseases (ICD-11).
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Reel Cinemas to launch UAE's first ScreenX at Dubai Mall
South Korea's CJ 4DPlex has joined hands with UAE's Reel Cinemas to set up the first ScreenX - the world's first multi-projection system that provides a 270-degree panoramic film viewing experience within a theatre setting - in Dubai.
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Fujairah, Grenada varsity sign medical study pact
St George’s University (SGU), the international medical school on the Caribbean island of Grenada, has signed a cooperation agreement with the Government of Fujairah, UAE to explore collaboration in medical related studies.
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Eid celebrations kick off in Bahrain, GCC
Bahrain has declared Friday (June 15) as the first day of Eid Al Fitr after official announcements were made in Saudi Arabia of sightings of the new Shawwal crescent.
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