Monday 22 July 2019

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97 LARGE-SCALE EVENTS HOSTED
DWTC events drive record $3.56bn in value during 2018

Dubai World Trade Centre (DWTC) saw a record Dh13.1 billion ($3.56 billion) in 2018, equivalent to 3.3 percent of the emirate’s Gross Domestic Product (GDP) added in incremental retained economic value, it said in a new report.

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CONSTRUCTION IN FINAL STAGES
Alba completes Line 6 pots handover; set for safe start-up

Aluminium Bahrain (Alba) has announced the successful handover of the remaining 106 pots under the Potline 6 expansion project. Since its commissioning last year, there has been a gradual ramp-up with 318 pots handed over till date.

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2

DEAL INKED WITH PLAMBECK
Saipem plans floating offshore wind farm in Saudi Arabia

Leading construction major Saipem has signed an agreement with Plambeck Emirates, a solutions company in the field of renewables based in Abu Dhabi, for the development and construction of a floating offshore wind farm in Saudi Arabia.

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3

SPOTLIGHT
Remote working: Tips to design your home office

As attractive as the proposition may be of working from a home office, it does come with certain challenges, says an industry expert, offering tips to design your home office to optimize productivity.

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4

ANALYSIS
88pc of Mideast investors have exposure to China: study

Eighty-eight per cent of investors in the Middle East have exposure to China, versus 73 per cent for all investors globally, said investment management firm Invesco in a new report showing discontent with Europe among sovereign investors.

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5

NEWS IN PICTURES
Sustainable fashion

Jessica Minh Anh, producer of the world’s most innovative catwalks, teamed up with luxury resort operator Soneva to promote Fashion X Sustainability in the Maldives.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Prime Deyaar residential projects set for 2019 handover

UAE-based Deyaar Development said work is nearing completion on two of its prime family-friendly community projects - Afnan and Dania - within its Midtown community development in Dubai and is ready for handover later this year.

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Retail & Wholesale

DFMC opens Serta flagship store in UAE

Dubai Furniture Manufacturing Company (DFMC), a market leader in the premium mattress segment in the region, has announced the opening of the first-of-its-kind Serta flagship store at The Dubai Mall, one the world's largest shopping malls.

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Energy, Oil & Gas

Salalah Free Zone inks deal to build $2.5bn refinery

Oman-based Salalah Free Zone has signed a usufruct deal for the construction of a refinery in the sultanate at a total investment of $2.5 billion. On completion, the refinery will boast a production capacity of 150,000 barrels per day, said a report.

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Finance & Capital Market

Emirates NBD to open 20 new branches in Saudi Arabia

Emirates NBD, a leading banking group in the region, has announced plans for further expansion in Saudi Arabia, following the approval from the Saudi Arabian Monetary Authority (Sama) to open 20 additional branches in the kingdom.

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Analysis, Interviews, Opinions

2019 a challenging year for ME economies: ICAEW

The Middle Eastern economy is expected to slow down from an estimated 1.5 per cent last year to about 0.6 per cent in 2019, the slowest in almost a decade, according to ICAEW’s latest Economic Insight report.

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Industry, Logistics & Shipping

Alba completes Line 6 pots handover; set for safe start-up

Aluminium Bahrain (Alba) has announced the successful handover of the remaining 106 pots under the Potline 6 expansion project. Since its commissioning last year, there has been a gradual ramp-up with 318 pots handed over till date.

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Travel, Tourism & Hospitality

Gulf Hotels Group's Q2 revenues up 10.75pc

Gulf Hotels Group, a leading hospitality chain in Bahrain, has recorded a 10.75 per cent increase in its revenues during the second quarter of 2019, which rose to BD8.737 million ($23 million) from BD7.889 million ($20.7 million) last year.

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IT & Telecommunications

Etisalat Digital to set up new disruptive tech platform

Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza Innovations, has developed the UAE Trade Connect (UTC), a new nationwide platform which will use the latest disruptive technologies to digitise trade in the UAE.

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Motoring

BMW Group sales edge up in June to top 240,600 units

BMW Group said that its worldwide deliveries were up 0.7 per cent in June as compared to the same month last year, with a total of 240,674 premium BMW, MINI and Rolls-Royce vehicles sold.

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Health & Environment

Dubai starts work on new fertility centre building

The Dubai Health Authority (DHA) announced that it has begun work on a new gynaecology and fertility centre building, which will come up on a 7,500-sq-m area within the compound of Latifa Women and Children Hospital.

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Media & Promotion

Abu Dhabi Media launches UFC Arabia app

Abu Dhabi Media, a multi-platform media company, has announced the launch of ‘UFC Arabia,’ the first Arabic language UFC application in the Mena region, following its partnership with the world’s premier mixed martial arts promotion.

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Education, HR & Training

Union Coop seals partnership deal with LinkedIn

Union Coop, the largest consumer co-operative in the UAE, has signed a contract with LinkedIn – the largest professional networking platform, wherein the latter will help strategise its brand footprint within their digital medium and APIs.

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Miscellaneous
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