Sunday 18 August 2019

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DRONE ATTACK BY HOUTHIS
Shaybah NGL fire controlled says Aramco

Saudi Aramco’s response team controlled a limited fire yesterday morning at the Shaybah NGL facility in southeast of the kingdom.

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1

PROJECT TO LAST 80 YEARS
Dewa awards $391m contract for power station at Hatta

Dubai Electricity and Water Authority (Dewa) has awarded the Strabag Dubai, Strabag AG, Andritz Hydro and Ozkar consortium the construction contract for the Dh1.437 billion ($391 million) pumped-storage hydroelectric power station at Hatta.

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2

KEY UTILITY WORKS
Gulf Dredging and General Contracting wins Kuwait tender

Heavy Engineering Industries and Shipbuilding (HEISCO) said one of its subsidiaries, Gulf Dredging and General Contracting Company, has been awarded a tender worth KD5.7 million ($18.67 million) by Kuwait’s Electricity and Water Ministry.

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3

TECHNOLOGY
Digital indoor system ‘key for 5G digital airports’

Indoor digitalization is the only way for indoor transition to 5G and the best choice for providing 5G coverage in airports, said a report released by Huawei and ABI highlighting the roles of 5G and mobile broadband in digital airports.

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4

TECHNOLOGY
Ten megatrends for 2025: Huawei

Living with bots and super sight are among the 10 megatrends in technology and industry development predicted up to 2025 by global ICT solutions provider Huawei in its new Global Industry Vision (GIV) report.

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5

NEWS IN PICTURES
Musical delight

The popular Broadway Musical ‘The Wizard of Oz’ debuted for the first time in Bahrain on August 13 at the Bahrain International Exhibition and Convention Centre.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Gulf Dredging and General Contracting wins Kuwait tender

Heavy Engineering Industries and Shipbuilding (HEISCO) said one of its subsidiaries, Gulf Dredging and General Contracting Company, has been awarded a tender worth KD5.7 million ($18.67 million) by Kuwait’s Electricity and Water Ministry.

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Retail & Wholesale

Moda Mall signs up four new global brands

Bahrain’s luxury shopping destination, Moda Mall said it has added four new tenants - lifestyle brands Tumi, ST Dupont and LodinG besides an exclusive Rolex Service Centre - to its curated luxury line-up of fashion and jewellery brands.

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Energy, Oil & Gas

Emarat names new Director-General

Emirates General Petroleum Corporation (Emarat) has appointed Ali Khalifa Al Shamsi, an industry veteran, as its new Director-General. He was earlier the chief executive of Yasat Petroleum Operations, one of Adnoc Group companies.

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Finance & Capital Market

UAE launches new system to register excise goods

The UAE’s Federal Tax Authority (FTA) has launched a new electronic system for registering excise goods as part of its plans to continuously develop the tax system as a whole, and excise tax procedures, in particular.

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Analysis, Interviews, Opinions

What's HR's role as AI impacts jobs?

Will jobs rapidly disappear under the onslaught of AI - or will AI meet its match? Will governments find new ways to manipulate us, or will the AI boom simply backfire on them? Leading think tank Federation of International Employers (FedEE) reveals more.

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Industry, Logistics & Shipping

Turkish group Oyak inks deal to acquire British Steel

Turkish military pension fund Oyak said one of its units, Ataer Holding, has signed an exclusivity agreement to buy British Steel, a company which went into compulsory liquidation in May. The handover is likely to take place by the year end.

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Travel, Tourism & Hospitality

Saudi Arabia launches new e-system for Hajj pilgrims

Saudi General Authority of Civil Aviation (GACA) has launched a new electronic system to help overseas Hajj pilgrims complete all their departure procedures automatically from their residences before reaching the airports, said a report.

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IT & Telecommunications

Mumtalakat achieves a first in cloud migration drive

Bahrain Mumtalakat Holding Company, the sovereign wealth fund of Bahrain, has announced the completion of its cloud services migration to Amazon Web Services’ (AWS) Bahrain data centres, the first in the Middle East.

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Lifestyle

Nikki Beach Dubai set for autumn reopening

Nikki Beach Dubai, the region’s favourite urban address, has announced its reopening on August 30. The beach club will kick off the post-summer season with a brand-new calendar of events, creating the perfect playground for the fun and fabulous.

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Motoring

BMW Group reports 647,504 vehicle sales in Q2

BMW Group has set a new record for vehicle sales, comprising 647,504 BMW, MINI and Rolls-Royce premium vehicles in the second quarter 2019, an increase of 1.5 per cent, compared to the sale of 637,878 units during Q2 in the previous year.

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Health & Environment

Male teenagers that consume junk diet 'have lower fertility rates'

IVI Middle East Fertility Clinic highlighted the importance of consuming nutritious food for male teenagers, following the release of the Harvard University-led study that revealed the negative impact of junk food diet on sperm count.

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Media & Promotion

Samsung tops ad awareness in Saudi Arabia in July

Samsung had the largest uplift in July in Ad Awareness scores, which indicates whether someone has seen or heard an advert from a company in the past two weeks, from all 500 brands tracked in Saudi Arabia by BrandIndex.

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Education, HR & Training

UAE launches Youth Professional School

The Emirates Youth Professional School, a Federal Youth Authority initiative, was launched on Monday, following the directives issues by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

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