Thursday 21 February 2019

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ENERGY, INFRASTRUCTURE VITAL
Saudi Prince sees $100bn investment opportunity in India

Saudi Crown Prince Mohammed bin Salman said he expected investment opportunities worth over $100 billion in India over the next two years in key sectors such as energy, infrastructure, technology and manufacturing as he began his first official visit.

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BULLET TRAINS AT 1,000kmph
UAE mulls Fujairah-Mumbai subsea tunnel project

The UAE’s National Advisor Bureau has announced its latest futuristic project which aims to connect the UAE and other GCC states for the first time with Mumbai, India, via a subsea tunnel and an ultra high speed 1,000 km/hour subsea railway line.

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2

NEW FIRM ACQUIRES DUBAI GROUP
Senaat, Spanish group in deal to set up tubular products JV

Leading UAE industrial investment company Senaat said it has reached an agreement with Spanish group Tubacex to set up a new joint venture that will manufacture stainless steel and high-alloyed tubular products (tubes and accessories).

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3

FOCUS
Five myths of artificial intelligence: Gartner

IT and business leaders are often confused about what artificial intelligence (AI) can do for their organizations and must separate reality from myths to devise their future strategies, said global research advisory company Gartner.

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4

SPECIAL REPORT
Dubai's property prices set for further decline in 2019

After peaking in second half of 2014, Dubai residential property prices have been declining over the past few years and are approaching levels last seen at the nadir of the 2009-2010 property crash, according to global ratings agency S&P.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

UAE mulls Fujairah-Mumbai subsea tunnel project

The UAE’s National Advisor Bureau has announced its latest futuristic project which aims to connect the UAE and other GCC states for the first time with Mumbai, India, via a subsea tunnel and an ultra high speed 1,000 km/hour subsea railway line.

More…
Retail & Wholesale
Energy, Oil & Gas

Kuwait Petroleum to lead global new-build regasification

Kuwait Petroleum Corp is expected to lead the global oil and gas companies with the highest new-build LNG regasification capacity additions of 1.2 trillion cubic feet (tcf) by 2023, said GlobalData, a leading data and analytics company.

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Finance & Capital Market

26 IPOs raise over $2.9bn during 2018 in Mena

In 2018, the Mena region raised $2.946.2 billion through 26 IPOs (initial public offerings), said the latest Mena IPO Eye report from EY, a global leader in assurance, tax, transaction and advisory services.

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Analysis, Interviews, Opinions

AI creates new skills gap in cybersecurity: study

While artificial intelligence (AI) will fill many of the jobs currently left unfilled in the cybersecurity segment, its deployment may create new areas of skills shortage, says an industry expert.

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Industry, Logistics & Shipping
IT & Telecommunications

Etisalat 2018 net profit surges 2.4pc to $2.34bn

UAE telecom company Etisalat said its consolidated net profit for 2018 surged 2.4 per cent to hit Dh8.6 billion ($2.34 billion) over the previous year, due to its sustained focus on core business besides accelerating its digital portfolio.

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Lifestyle

ArtBAB to showcase VR museum

Breaking boundaries in the Middle East, ArtBAB 2019 (Art Bahrain Across Borders) will push technology to the next level, offering visitors a multi-dimensional experience through its Virtual Reality Corner, the first of its kind in the region.

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Motoring

Over 80 exhibitors for Automechanika Jeddah

More than 80 exhibitors from 15 countries are set to take part in Automechanika Jeddah 2019, Saudi Arabia’s dedicated trade fair for the automotive aftermarket next week in Jeddah.

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Health & Environment

Bee’ah launches waste permit portal in Sharjah

Bee’ah, a sustainability pioneer in the Middle East, has joined forces with the Hamriyah Free Zone Authority (HFZA), to launch the first phase of a state-of-the-art Waste Permit Portal, the first of its kind in Sharjah, a media report said.

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Education, HR & Training

Aldar, UAE University to develop future leaders

Aldar Properties, a leading Abu Dhabi developer, said it has signed a partnership agreement with United Arab Emirates University to work together to develop future leaders. As a first step, the duo will host a design competition for students.

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Miscellaneous

Saudi Crown Prince on landmark India visit

Saudi Crown Prince, Deputy PM and Defence Minister Mohammad bin Salman bin Abdulaziz Al Saud begins his landmark visit to India. He is being accompanied by a high-level delegation of ministers and top Saudi businessmen during the two-day tour.

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