Sunday 4 December 2016

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4,360 ADDITIONAL ROOMS
Rotana to open 12 new hotels in UAE by 2020

Leading hotel management company Rotana has announced plans to open 12 new hotels in the UAE - seven in Dubai, four in Abu Dhabi and one in Ras Al Khaimah - by the end of 2020, adding 4,360 keys to the emirates' existing room supply.

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1

ADDITIONAL TERMINAL PLANNED
Dubai set to see 16pc rise in cruise ship arrivals

Dubai will receive 157 cruise ships during the current cruise tourism season 2016-17, which started in October and will continue until next April, reflecting a 16 per cent increase over the last season which received 134 cruise ships.

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2

GLOBAL EXPANSION STRATEGY
DP World, CDPQ set up $3.7bn investment vehicle

Dubai-based global marine terminal operator DP World has joined hands with Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers, to create a C$5 billion ($3.7 billion) investment platform.

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3

ANALYSIS
Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by what equates to a 4.5-4.6 per cent cut per member country, which according to Barclays is consistent with its view of what Opec production levels were expected to be in 2017 irrespective of the deal.

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4

ANALYSIS
10 most important shifts in IT companies before 2020

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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5

NEWS IN PICTURES
Royal meeting

Sheikh Mohammed bin Rashid Al Maktoum (R), Vice President and Prime Minister of the UAE and Ruler of Dubai shakes hands with King Salman Bin Abdulaziz Al Saud (L) of Saudi Arabia during his visit to Abu Dhabi, UAE on December 3.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Eagle Hills Diyar awards key Marassi Residences deal

Eagle Hills Diyar, a private real estate investment and development company based in Bahrain, has awarded a major contract to Nass Corporation for the construction of its 875,000-sq-m luxury residential development in Diyar Al Muharraq.

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Retail & Wholesale

Harper’s Bazaar Cafe opens at City Walk Dubai

UAE-based Marka, a premier retail operator targeting the mid-to-high-range and luxury segments, has announced the launch of the second Harper’s Bazaar Café in City Walk - Dubai.

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Energy, Oil & Gas

Dewa launches pilot project for VR utility inspection

Dubai Electricity and Water Authority (Dewa) said it has launched a pilot project for the world’s first virtual reality (VR) remote inspection for utility maintenance.

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Finance & Capital Market

Former Lebanese minister get key IMF role

International Monetary Fund (IMF) has appointed Jihad Azour, former finance minister of Lebanon, as the new director of the Middle East and Central Asia Department. He will replace Masood Ahmed who left the Fund in October.

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Analysis, Interviews, Opinions

Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by what equates to a 4.5-4.6 per cent cut per member country, which according to Barclays is consistent with its view of what Opec production levels were expected to be in 2017 irrespective of the deal.

More…
Industry, Logistics & Shipping

DP World, CDPQ set up $3.7bn investment vehicle

Dubai-based global marine terminal operator DP World has joined hands with Caisse de depot et placement du Quebec (CDPQ), one of North America’s largest pension fund managers, to create a C$5 billion ($3.7 billion) investment platform.

More…
Travel, Tourism & Hospitality

Rotana to open 12 new hotels in UAE by 2020

Leading hotel management company Rotana has announced plans to open 12 new hotels in the UAE - seven in Dubai, four in Abu Dhabi and one in Ras Al Khaimah - by the end of 2020, adding 4,360 keys to the emirates' existing room supply.

More…
IT & Telecommunications

Du, Zain Saudi Arabia sign knowledge exchange deal

UAE-based telecommunications service provider du and Zain Saudi Arabia have signed a memorandum of understanding (MoU) to develop their human resources through knowledge exchange sessions.

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Lifestyle

Arabic-style jewellery to dazzle at Dubai expo

As the UAE buzzes with festive atmosphere following its 45th National Day celebration, Dubai-based jewellers are preparing to showcase extraordinary Arabic collections at the upcoming Dubai International Jewellery Week.

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Motoring

Careem launched in 3 new Egyptian cities

Careem, the region’s leading app-based car booking service, has launched today (December 1) in three new cities in Egypt, extending access to its services to a total of six destinations across the country.

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Media & Promotion

Du offers free access to top music platform

UAE-based telecom provider du is offering its customers free access to unlimited music to stream, download and play offline on Anghami, the leading Music platform in the Middle East.

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Education, HR & Training

Saudi sacks labour minister, announces key Shoura revamp

In a major move, Saudi King Salman bin Abdulaziz Al Saud has removed the labour minister and also reshuffled the kingdom’s top consultative body Shoura Council with key appointments, including 29 female members, said a report.

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Miscellaneous

Dubai group buys key stake in Swedish Plantagon

UAE-based Enspire, a key player in regional financial and infrastructural projects, has bought a significant stake in Plantagon, a Swedish agritechture pioneer spearheading integration of energy, water and waste management globally.

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