Tuesday 30 August 2016

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BID TO UPGRADE TECHNOLOGY
Iran signs seven initial oil deals with foreign firms

Iran has signed seven new initial agreements with foreign oil companies, Ali Kardor, managing director of the National Iranian Oil Company (NIOC), was quoted as saying by the oil ministry's news agency Shana on Tuesday.

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1

STRESS ON INNOVATION
New plan to revamp UAE school education approved

A comprehensive new plan to overhaul public school education in the UAE has been approved by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

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2

9 OFFICIALS SACKED
Dubai ruler orders municipality shake-up

Dubai's ruler has ordered a shake-up of the city state's management, including the retirement of nine senior officials, a day after he conducted a surprise spot check of government offices and found a significant number of employees absent.

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3

SPECIAL REPORT
UAE, Saudi millennials bigger spenders than global peers

Millennials are a large, influential and increasingly affluent group, are the fastest growing segment within the region, and in the UAE and Saudi Arabia, tend to be higher spenders than their global peers, a report said.

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4

ANALYSIS
GCC e-commerce set to become world’s fastest-growing

With high levels of disposal income, world-leading internet and smartphone penetration, and changing consumer preferences, the GCC has the potential to become the world’s fastest growing e-commerce playground, a report said.

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5

NEWS IN PICTURES
Tallest in Thailand

Lights illuminate the MahaNakhon skyscraper during the light show to celebrate its completion of the tallest building in Bangkok, Thailand on August 29. The 77-floor of 314 meters tower consists a luxury hotel, homes and retail business.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Nakheel to tender $1.1bn Deira mall soon: report

Nakheel, Dubai's leading master-developer, is working on the final details of a Dh4-billion ($1.1 billion) mega destination mall on Deira Islands in Dubai, UAE, a report said.

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Retail & Wholesale

UAE holds $18bn of Mena franchise market

The UAE commands $18 billion of the$30 billion franchise economy of the Mena region, said the event organisers of the upcoming Middle East Franchise Expo & Forum in Dubai, UAE.

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Energy, Oil & Gas
Finance & Capital Market

Beltone starts market-making on Nasdaq Dubai

Beltone Market Maker, a subsidiary of Beltone Financial Holding, one of Egypt’s leading investment banks, has begun providing market-making services in the shares of Orascom Construction on Nasdaq Dubai.

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Analysis, Interviews, Opinions

Ransomware attacks nearly double this year

There has been a 172 per cent increase in ransomware and $3 billion in losses due to business email compromise (BEC) scams so far in 2016, as well as nearly 500 vulnerabilities in a variety of products, a report said.

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Industry, Logistics & Shipping

Nakilat Damen delivers 5 vessels for Qatar’s New Port Project

Qatari shipbuilder Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for Qatar’s New Port Project (NPP), one of the world's largest greenfield port developments.

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Travel, Tourism & Hospitality

Singapore hotel firm to launch new budget brand in ME

Singapore-based General Hotel Management (GHM) has unveiled plans to launch a new mid-market brand - Tin Hotels - in the Middle East, in partnership with Dubai hotel development and investment company Van de Bunt Partners.

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IT & Telecommunications

Saudi Telecom, Lebara KSA mull Egypt 4G bid

Representatives from Saudi Telecom and Lebara KSA are in Egypt this week to discuss the possibility of obtaining a fourth-generation mobile phone licence, an official from Egypt's telecommunications ministry said on Monday.

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Health & Environment

NMC Health expands in Saudi Arabia

NMC Health, a leading integrated private healthcare network operator in the UAE, has announced the addition of 260 beds spread across two Saudi Arabian assets in the key western and eastern regions of the kingdom.

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Media & Promotion

Expo Centre Sharjah posts solid growth in H1

Expo Centre Sharjah (ECS), a major events organiser and venue, hosted 15 consumer and trade exhibitions and conferences during the first half (H1) of the year as against nine events during H1 2015, marking an increase of 65 per cent.

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Education, HR & Training
Miscellaneous

Leisure Show Dubai to see growth in sports, fitness sector

Leading international sports and fitness brands are set to dominate next month’s The Leisure Show Dubai 2016 in a clear reflection of soaring regional interest in healthy living.

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