Monday 20 May 2019

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INDUSTRIAL WASTE REDUCTION
EGA opens region's biggest crusher facility in Abu Dhabi

Emirates Global Aluminium (EGA) has announced the start-up of a new Dh15 million ($4.1 million) pre-treatment and crusher facility at its Al Taweelah site in Abu Dhabi, which, the company said, was the largest in the Gulf region.

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380,000 bpd CAPACITY
Bapco reaches financial close on modernisation programme

Bahrain Petroleum Company (Bapco) has announced that it has reached financial close on its multi-billion-dollar modernisation programme. On completion, it will help boost Bapco's refining capacity to 380,000 barrels per day from 267,000 bpd.

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2

‘INVENTORY LEVELS PRIORITY’
Focus on balanced oil market, supply security: JMMC

The Joint Ministerial Monitoring Committee (JMMC) said it is focused on achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals at its 14th meeting in Jeddah, Saudi Arabia yesterday.

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SPECIAL REPORT
Use of grocery apps ‘likely to rise during Ramadan’

Almost three in five UAE residents (58 per cent) think their usage of grocery apps is likely to increase during Ramadan, said YouGov, a global Internet-based market research and data analytics firm in a new report.

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4

ANALYSIS
Will retail banks trip over tech disruption?

The threats for banks from tech disruption relate to the state of technology, regulation, the banking industry's readiness, and customer preferences, said S&P Global Ratings in a new report.

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NEWS IN PICTURES
The perfect culture fix

Celebrating the worldwide observation of the International Museums Day, Dubai Culture & Arts Authority (Dubai Culture) has announced that entry to its museums across Dubai will be free on Saturday, May 18.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Kooheji Contractors wins BFH mixed-use project deal

FEB Aqar, a unit of First Energy Bank, has signed up Kooheji Contractors for the construction of its mixed-use project at Bahrain Financial Harbour. The 27-storey tower boasts office, residential and retail spaces besides high-end building facilities.

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Retail & Wholesale

BenQ unveils 32-inch curved gaming display

BenQ, a leading global innovator of displays, has unveiled its curved 32-inch display featuring dazzling HDR performance with stunning gaming capabilities and immersive viewing.

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Energy, Oil & Gas

Bapco reaches financial close on modernisation programme

Bahrain Petroleum Company (Bapco) has announced that it has reached financial close on its multi-billion-dollar modernisation programme. On completion, it will help boost Bapco's refining capacity to 380,000 barrels per day from 267,000 bpd.

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Finance & Capital Market

ECI signs MoU with ADCB to support UAE businesses

Etihad Credit Insurance (ECI), the UAE Federal credit insurance company, has signed an MoU with Abu Dhabi Commercial Bank (ADCB), one of the UAE’s leading full-service commercial banks, to access digital and innovative solutions.

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Analysis, Interviews, Opinions

Use of grocery apps ‘likely to rise during Ramadan’

Almost three in five UAE residents (58 per cent) think their usage of grocery apps is likely to increase during Ramadan, said YouGov, a global Internet-based market research and data analytics firm in a new report.

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Industry, Logistics & Shipping

Gulf Navigation reports $12.2m operating revenue in Q1

Dubai-based Gulf Navigation Holding (GNH) said it achieved an operating revenue of Dh45 million ($12.25 million) during the first quarter of 2019, a 19 per cent increase compared to Dh37.7 million ($10.26 million) during the same period of 2018.

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Travel, Tourism & Hospitality

Campbell Gray Hotels inks resort deal in Egypt

Campbell Gray Hotels has inked a partnership deal with Egyptian developer Mangroovy Residence El Gouna to set up a 160-key boutique resort in the Red Sea city of El Gouna. The three-storey property will feature a mix of luxurious rooms and suites.

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IT & Telecommunications

Sony, Microsoft partner on gaming, AI solutions

Sony Corporation and Microsoft Corp. said that the two companies have entered into a partnership to explore new innovations to enhance customer experiences in their direct-to-consumer entertainment platforms and AI solutions.

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Lifestyle

Black Tap announces home delivery service

Popular New York-inspired dining venue, Black Tap, has launched its home delivery service in collaboration with food-delivery platforms Talabat and Hunger Station.

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Health & Environment

CMRC admits first patients in new Saudi clinic

Cambridge Medical and Rehabilitation Center (CMRC), a top post-acute rehabilitation and long-term care facility in the UAE, has admitted 15 patients to its first medical facility in Saudi Arabia.

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Media & Promotion

Image Nation forges major alliance for film production

Image Nation Abu Dhabi, a leading film and entertainment company, Majid Al Futtaim and MBC Studios have entered into a ground-breaking alliance to launch a major production partnership for film and TV projects across the Middle East.

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Education, HR & Training

Al-Futtaim launches scheme to develop national talent

Al-Futtaim, a leading business group in the region, has announced the launch of Sinyar, a pioneering programme for UAE nationals to develop talent across its organisation.

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Miscellaneous

Saudi forces hit Yemen rebel bases after oil pipeline attack

Saudi-led coalition warplanes have bombed Yemeni rebel targets including in the capital Sanaa after the Houthis claimed responsibility for the drone attacks on an oil pipeline in Saudi Arabia earlier this week, said media reports.

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