0
COMMERCIAL NETWORK LAUNCHES
GSMA mobile IoT initiative takes off worldwide
The GSMA has announced that its Mobile IoT Initiative has taken off with the launch of multiple commercial rollouts of Low Power, Wide Area (LPWA) solutions by several of the world’s leading mobile operators.
1
IMPROVE GAINS, SWISS FIRM TOLD
Third Point takes $3.4 billion stake in Nestle
Activist investor Daniel Loeb's Third Point has taken a stake of 3.28 billion Swiss francs ($3.4 billion) in Switzerland's Nestle and urged the world's largest packaged-foods company to find ways to accelerate growth, media reports said.
2
OVERALL RANK IN TOP 20
UAE leads region in global digital competitiveness
The UAE is the only country from the Middle East that is featured in the top 20 rankings at the 18th position globally in the recent Digital Competitiveness Ranking, according to report released by IMD World Competitiveness Centre.
3
ANALYSIS
Market forces will drive climate change efforts
Following the announcement by President Donald Trump that the US will withdraw from the COP21 agreement, an industry expert has said that the move will not be detrimental to climate protection efforts.
4
FOCUS
Global IoT benefits ‘could reach $11trn by 2025’
The Internet of Things (IoT) will generate economic benefits between $4 to $11 trillion globally by 2025, a report said, adding that the number of devices connected is expected to grow to 100 billion.
5
NEWS IN PICTURES
Eid in Dubai
UAE residents and visitors can expect to see a diverse line-up of activities for the upcoming Eid Al Fitr as Dubai gears up for the 10th edition of the 'Eid in Dubai' celebration.
Top Trade News
 | Industry Sectors |
Abu Dhabi approves $653m housing loans
Abu Dhabi government plans to issue new batch of housing loans worth Dh2.4 billion ($653 million) to more than 1,000 beneficiaries across the emirate in line with its initiative to provide appropriate housing to its citizens, said a report.
More…
EuroMena buys key stake in Moroccan retail group
EuroMena, a major private equity fund based in Lebanon, said it has acquired a minority stake in Retail Holding, the Moroccan franchisee for French giant Carrefour, Virgin Megastore and fast food chain Burger King.
More…
Opec, non-Opec conformity level hits 106pc
Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, said a report.
More…
Xpress Money sees 12pc jump in Ramadan remittances
Xpress Money, one of the leading money transfer brands in the UAE, said it has recorded a 12 per cent increase in remittances in the first two weeks of Ramadan compared to the same period last year.
More…
Nowhere To Go: Iraqi kids trapped in cycles of violence, poverty
Three years since the intensification of violence in Iraq, children are trapped in an endless cycle of violence and increasing poverty and continue to witness sheer horror and unimaginable violence, according to a UN Children's Fund (Unicef) report.
More…
Abu Dhabi Ports unit launches key e-payment solutions
Maqta Gateway, a subsidiary of Abu Dhabi Ports, and the developer and operator of Maqta Port Community System (MPCS), has announced the launch of new innovative solutions covering online payment and licensing services.
More…
Viceroy Palm Jumeirah wins favourable DIFC ruling
DIFC Courts has issued an order prohibiting the owner of the Viceroy Palm Jumeirah Dubai hotel from taking any further actions to prevent Viceroy Hotels and Resorts from exercising its exclusive authority to manage and operate the hotel.
More…
Cisco unveils networking tool to tackle cyberattacks
Cisco has launched a network that represents a significant breakthrough in enterprise networking. Designed to be intuitive, it can recognise intent, mitigate threats through encryption, and learn over time, unlocking opportunities.
More…
Diamond boutiques launched on superyachts
International diamond brand Samer Halimeh New York (NY) has partnered with SSH Maritime, a leading yacht charter, to launch a series of summer diamond boutiques on the superyachts represented by SSH Maritime.
More…
Nissan names new COO for Saudi Arabia
Japanese automaker Nissan has appointed Bader El Houssami as the new chief operating officer for Saudi Arabia effective July 1. Based in Jeddah, he will be responsible for the company’s day-to-day operational functions within the kingdom.
More…
Yemen hit by world's worst cholera outbreak
Yemen is now facing the worst cholera outbreak in the world with suspected cases exceeding 200,000 and the number is increasing at an average of 5,000 a day, the United Nations has warned.
More…
Eid celebrations begin in Bahrain, GCC
Bahrain has declared Sunday (June 25) as the first day of Eid Al Fitr after official announcements were made in Saudi Arabia of sightings of the new Shawwal crescent. The UAE has also announced that Eid will begin tomorrow.
More…
Esol to open new American school in Bahrain
Dubai-based Esol Education, a leading organisation specialising in the establishment and management of international schools around the Middle East and Mediterranean, will be opening a new American school in Bahrain in September of 2019.
More…
Arabs give ultimatum to Qatar: shut Al Jazeera, curb Iran ties
Four Arab states - Saudi Arabia, the UAE, Bahrain and Egypt - that imposed a boycott on Qatar have handed a list of 13 demands, including closure of Al Jazeera TV and curbing Iran ties - and gave Doha 10 days to comply with the demands.
More…
