Friday 17 November 2017

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$15bn FOR NEW CITY NEOM
Japan's SoftBank to invest $25bn in Saudi Arabia

Japan's SoftBank Group plans to invest as much as $25 billion in Saudi Arabia over the next three to four years, a Bloomberg report said.

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1

FEED STUDY FIRST STEP
Adnoc, Linde to explore industrial gases unit expansion

Abu Dhabi National Oil Company (Adnoc), has signed a memorandum of understanding with the Linde Group to explore the expansion of nitrogen facilities in Ruwais, Abu Dhabi, to meet future industrial demand.

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2

RE-EXPORTS KEY DRIVER
Dubai non-oil foreign trade up 13pc to top $93bn in Q3

Dubai’s non-oil foreign trade increased to Dh344 billion ($93.6 billion) in the third quarter of 2017, an increase of 13 per cent year-on-year from Dh305 billion in the corresponding quarter of last year, a report said.

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3

SPECIAL REPORT
IT spending in EMEA to top $1trn in 2018: Gartner

IT spending in EMEA (Europe, Middle East and Africa) is projected to total $1trillion in 2018, an increase of 4.9 per cent from estimated spending of $974 billion in 2017, according to a new report from research and advisory firm Gartner.

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4

FOCUS
Trends that can change Mideast logistics sector

Supply chains across the Middle East have been revolutionised by new advancements, making logistics services faster, more accurate, and efficient, according to a research conducted by FarEye, a global logistics management solutions company.

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5

NEWS IN PICTURES
DXB marks tolerance day

Dubai Airports' employees, dressed in ethnic attires, welcome passengers with flowers to mark International Day of Tolerance on November 16. The staff also brought home cooked food and shared it with each other to celebrate the occasion.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

RTA eyes 3D printed pedestrian bridge, bus stop

Dubai's Roads & Transport Authority (RTA) has launched new 3D printing initiatives geared towards implementing various projects such as a pedestrian bridge, a bus stop and marine transport station, using this major technology.

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Retail & Wholesale

Sony launches new 4K HDR handycam in Bahrain

Sony Middle East and Africa (MEA) has expanded its line of video cameras with the launch of the new 4K HDR (high dynamic range) camcorders featuring a fast hybrid AF (autofocus) system in Bahrain.

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Energy, Oil & Gas

Global oil demand to grow 1.51mbpd in 2018: Opec

World oil demand is expected to rise by 1.53 million barrels per day (mbpd) in 2017 after an upward adjustment of 74,000 barrels per day (bpd) to account for the better-than-expected performance of China, a report said.

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Analysis, Interviews, Opinions

Global GDP to see 3.2pc growth in 2018: Moody’s

Global GDP is estimated to grow at of 3.2 per cent in 2018 and 3.1 per cent in 2019, similar to 2017 and up from the 2.5 per cent growth achieved in 2016, Moody's Investors Service said in its 2018 cross sector credit conditions outlook.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

AccorHotels to add another Novotel in Oman

AccorHotels, a leading travel and lifestyle group, today announced the signing of a management agreement with Al Anwar Holdings, one of Oman’s leading investment holding companies, for a new Novotel hotel in the sultanate.

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IT & Telecommunications

Rockwell Automation unveils new AI module

US-based Rockwell Automation, one of the world's largest companies dedicated to industrial automation, has unveiled the new Project Sherlock artificial intelligence (AI) module, at its Automation Fair event in Houston, US.

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Lifestyle

Aston Martin brings show-stopping models to Dubai

Aston Martin marked the 2017 edition of the Dubai International Motor Show with a show-stopping display of cars, including some of the rarest models ever built amongst several regional debuts.

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Motoring

Emirates Transport to launch the first electric-powered school bus

Emirates Transport (ET), a leading transport, logistics and auto services provider, has launched the final phase of testing for the first electric-powered school bus in the region.

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Health & Environment

Abu Dhabi launches fund to combat diseases

Abu Dhabi has launched the Reaching the Last Mile Fund to raise $100 million with the aim of eradicating, eliminating, and controlling preventable diseases that hinder the health and economic prospects of the world’s poorest people.

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Education, HR & Training

Emirates flight school picks TRU Simulation

Emirates Flight Training Academy has signed an agreement with TRU Simulation + Training, a Textron company, to supply six new Flight Simulation Training Devices (FSTDs) with mini-motion systems for the Academy.

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Miscellaneous

UAE announces four-day public holidays

The UAE has announced a four-day holiday for employees of ministries and federal government departments, beginning November 30 to mark Prophet Mohammad's (PBUH) birthday, the National Day, and the Commemoration Day.

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