Tuesday 4 October 2022

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FOCUS ON FOOD SECURITY
IsDB provides $165.63bn finance to development projects

The Islamic Development Bank (IsDB) Group has provided $165.63 billion to finance development projects in various economic sectors, since its launch and up to June 30 this year, said its Chairman Dr Muhammad Sulaiman Al Jasser.

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1

MASSIVE GLOBAL EXPANSION
India's DMRC bidding for Bahrain Metro Phase I consultancy work

India’s first and biggest metro rail company Delhi Metro Rail Corporation (DMRC) is bidding for consultancy work in Phase One of the $2-billion Bahrain Metro project, which comprises two lines running 29km long and covering 20 stations, said a report.

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2

SAUDI ARABIA WINS PRAISE
IMF to set up regional office in Riyadh

International Monetary Fund (IMF) will set up a regional office in Riyadh. This will spearhead engagement with regional institutions, strengthen relationships with countries, and help expand the IMF’s development activities, said IMF Managing Director.

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Seven disruptions you may not see coming ...

Disruptions are fundamental shifts that create lasting change, and successful organisations will be those that are prepared to address them. We need to keep asking “what if” to remain open to opportunities presented by disruptions.

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4

Skills gap forces IT leaders to do more with less

Almost three quarters (73%) of senior IT leaders agree that acquiring IT talent has never been harder, and nearly all (98%) respondents say attracting IT talent influences their organisation’s technology investment choices.

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Top Trade News

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Industry Sectors

Construction & Real Estate

India's DMRC bidding for Bahrain Metro Phase I consultancy work

India’s first and biggest metro rail company Delhi Metro Rail Corporation (DMRC) is bidding for consultancy work in Phase One of the $2-billion Bahrain Metro project, which comprises two lines running 29km long and covering 20 stations, said a report.

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Retail & Wholesale
Energy, Oil & Gas

Taqa wins refinancing for its $3.5bn revolving credit facility

Abu Dhabi National Energy Company (Taqa) said it has secured refinancing for its $3.5 billion revolving credit facility via a syndicate comprising 20 banks. The new 5-year US dollar SOFR-based facility will be utilised for general corporate purposes.

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Analysis, Interviews, Opinions

Seven disruptions you may not see coming ...

Disruptions are fundamental shifts that create lasting change, and successful organisations will be those that are prepared to address them. We need to keep asking “what if” to remain open to opportunities presented by disruptions.

More…
Industry, Logistics & Shipping

Emirates SkyCargo seals landmark pact with United Cargo

Emirates SkyCargo has signed an agreement with United Cargo, a US freight carrier with presence in 300 cities across five continents. The deal will see them work closely on key aspects such as expansion of cargo interline options and blocked space pacts.

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Travel, Tourism & Hospitality

Oman Air sets benchmarks with flight operations training

Oman Air, the national airline of Oman, has carried out almost 500 simulator training sessions, 83 courses for pilots, and 230 cabin crew courses over the first half of 2022 alone.

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IT & Telecommunications

Gitex Global 2022 to welcome more than 5,000 firms

Dubai will transform into the ultimate digital epicentre of the world next month, as the UAE hosts the world’s largest tech show, converging the most advanced companies and best minds to deep dive into the making of the Web 3.0 economy.

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Health & Environment
Media & Promotion

Al Qana announces opening of grand cinema complex in Abu Dhabi

Al Qana, a key dining and entertainment hub in Abu Dhabi being developed by Al Barakah International Investment, has announced the opening of a giant cinema complex in the UAE capital featuring 15 screens including 3 VIP theatres with 1800-seat capacity.

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Miscellaneous

IMF sets up food shock window to help 'starving' nations

The International Monetary Fund (IMF) has announced the creation of a new emergency financing instrument for countries suffering from acute food insecurity. It will provide additional access to funds for countries having urgent balance of payments needs.

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