Monday 27 March 2017

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REAL ESTATE, TOURISM PROJECTS
UAE boosts Expo 2020 infrastructure spending

The UAE is expected to boost its expenditure this year, primarily in areas of infrastructure and developmental enterprises, buoyed by the ongoing preparations for the mega event Expo 2020 Dubai, said a real estate expert.

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1

LACK OF PLANNING BLAMED
65 per cent of GCC expats 'don't have a pension'

GCC expatriates are miles behind their counterparts in North America, Europe and Asia when it comes to retirement planning, a study by global financial firm Guardian Wealth Management (GWM) has found.

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2

35,000 wmt PRODUCTION
Alara signs Oman copper concentrate supply contract

Alara Resources, an Australian minerals exploration company with a portfolio of projects in the GCC, said one of its units has signed an off-take agreement for the supply of copper concentrate from the Washihi Reserve in Oman.

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3

FOCUS
A true commitment to green energy 'crucial for success'

A true commitment to renewables, and a credible pitch towards investors, should be embedded throughout the organisational structures and processes of companies, , says a London Business School (LBS) expert.

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4

ANALYSIS
GCC on track for major economic recovery in 2017

While regional economies have been impacted by global reduction in oil prices, a recovery is expected from 2017 onwards, driven by a growth in oil prices as well as due to an increasing focus on economic diversification, a report said.

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5

NEWS IN PICTURES
Vettel victory

Winner Sebastian Vettel (C) of Scuderia Ferrari celebrates on the podium next to second-placed Lewis Hamilton (L) and third-placed Valtteri Bottas at the end of the 2017 Formula One Grand Prix of Australia in Melbourne.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Qatari investors 'eyeing Dubai property market'

Dubai is fast turning into a key real estate investment destination for Qatari investors, thanks to its safe haven status and guaranteed ongoing returns on investment, said industry experts.

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Retail & Wholesale
Energy, Oil & Gas

$27bn fund to accelerate Dubai's ‘green’ ambitions

Supreme Council of Energy reviewed the progress of its key initiatives that support UAE Vision 2021 and its objective to create a clean and sustainable environment through a $27-billion fund, and help Dubai attain a green economy.

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Finance & Capital Market

UAE 'role model for reforms in the region'

The economic reforms implemented by the UAE is a role model in mitigating the oil price challenges, said Mohammed Alardhi, executive chairman of Investcorp, a leading provider and manager of alternative investment products.

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Analysis, Interviews, Opinions

GCC on track for major economic recovery in 2017

While regional economies have been impacted by global reduction in oil prices, a recovery is expected from 2017 onwards, driven by a growth in oil prices as well as due to an increasing focus on economic diversification, a report said.

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Industry, Logistics & Shipping

Orpic plans to raise polypropylene plant’s capacity

Oman Refineries and Petroleum Industries Company (Orpic) plans to increase the capacity of its polypropylene plant to 340,000 tonnes of high quality polypropylene per annum from the current 200,000 tonnes a year, said a report.

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Travel, Tourism & Hospitality

Oman Air launches summer ops with 3 new routes

Oman Air, the sultanate's national carrier, will begin operating its new summer schedule starting from tomorrow (March 26) with the introduction of three new routes - Nairobi (Kenya), Kozhikode (India) and Manchester (UK).

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IT & Telecommunications

Dubai Investments unit TechSource wins top honours

Dubai Investments, a leading, diversified investment company, said its wholly-owned IT subsidiary TechSource has been ranked as one of the Top 10 best IT companies to work for in the UAE.

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Motoring

Corum, Zetta Jet ink MIA partnership deal

Leading Swiss watch company Corum and American aviation group Zetta Jet Jet have signed up as sponsors for Montreal-based Motorsports In Action (MIA) ahead of The Continental Endurance Sports Car Challenge.

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Health & Environment

UAE joins world to mark 1oth Earth Hour

The UAE joined the rest of the world for the 10th annual Earth Hour by turning off lights at all landmarks and other famous sites on Saturday as part of a global effort to back action on climate change.

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Media & Promotion

LG launches region’s first ‘Signage Design’ contest

LG Electronics has launched the first LG Signage Design competition for innovative professional designers and architects across the region to push the boundaries of artistic designs within new and existing commercial spaces.

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Education, HR & Training

Hyatt in UAE top 15 work places list for 4th year

Hyatt Hotels Corporation has been named in the Top 15 Great Places to Work (GPTW) in the UAE for the fourth consecutive year. In addition, it has earned the 32nd position in the Fortune 100 annual ranking of companies with outstanding workplace cultures.

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Miscellaneous

DP World delivers 4.5m litres of water to Somaliland

Dubai-based marine terminal operator DP World said it has begun delivering over 4.5 million litres of water to people living in the drought-hit villages of Somaliland. It is being distributed in 410 tankers, carrying 11,000 litres each.

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