Tuesday 6 December 2016

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120,000-sq-m RETAIL SPACE
Abu Dhabi shopping mall plans $816m expansion

Marina Mall Abu Dhabi, a leading shopping destination in the UAE capital, has announced a Dh3 billion ($816 million) expansion plan which will see 120,000 sq m of space being added to the retail facility in two years.

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1

RENZI RESIGNS
Euro hits 20-month low as Italy votes ‘no’ to reforms

The euro fell to 20-month lows against the dollar after Italian voters on Sunday rejected constitutional changes backed by the government, prompting Prime Minister Matteo Renzi to announce his resignation.

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2

STRATEGIC TIE-UPS AGREED
Russia delivers S-300 air defence system: Iran

Russia has fully delivered all parts of S-300 air defence system to Iran and the two countries have agreed to develop logistical and technical cooperation, a senior Iranian government official said.

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3

ANALYSIS
Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by what equates to a 4.5-4.6 per cent cut per member country, which according to Barclays is consistent with its view of what Opec production levels were expected to be in 2017 irrespective of the deal.

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4

ANALYSIS
10 most important shifts in IT companies before 2020

By 2019, 40 per cent of IT projects will create new digital services and revenue streams that monetize data, says a new IDC report, highlighting the 10 most important shifts that will happen in IT organizations over the next 36 months.

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5

NEWS IN PICTURES
Space glider

A handout image released by Virgin Galactic on December 4 shows Virgin Spaceship Unity (VSS Unity) touching down after gliding freely for the first time after being released from Virgin Mothership Eve over the Mojave Desert in the US.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai takes steps to regulate real estate marketing

Dubai's Real Estate Regulatory Agency (Rera) has made it mandatory for property owners to sign an agreement authorising property brokers to carry out marketing campaigns under a new system aimed at regulation of real estate marketing.

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Retail & Wholesale

Abu Dhabi shopping mall plans $816m expansion

Marina Mall Abu Dhabi, a leading shopping destination in the UAE capital, has announced a Dh3 billion ($816 million) expansion plan which will see 120,000 sq m of space being added to the retail facility in two years.

More…
Energy, Oil & Gas

Saudi Arabia inaugurates five big energy projects

Saudi Arabia has launched five mega oil and gas projects including Wasit Gas Plant, Manifa oil field, Shaybah natural gas liquids in line with the kingdom’s development objectives outlined by Vision 2030.

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Finance & Capital Market

UAE non-oil sector regains momentum in Nov

The UAE’s non-oil private sector regained some growth momentum in November, thereby reversing the slowing trend seen in each of the prior three months, a report said.

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Analysis, Interviews, Opinions

Family businesses ‘must identify priority areas’

Family businesses in Mena region are facing rapidly challenges to development, to overcome which they need to identify their priority areas and proactively institutionalize, said management consultancy Strategy& in a recent study.

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Industry, Logistics & Shipping

Iran, Hyundai near $650m deal for ships

Islamic Republic of Iran Shipping Lines (IRISL) Group and South Korea's Hyundai Heavy Industries are in the final rounds of a $650-million deal to provide 10 ships to Iran, a report said.

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Travel, Tourism & Hospitality

Rotana to open 12 new hotels in UAE by 2020

Leading hotel management company Rotana has announced plans to open 12 new hotels in the UAE - seven in Dubai, four in Abu Dhabi and one in Ras Al Khaimah - by the end of 2020, adding 4,360 keys to the emirates' existing room supply.

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IT & Telecommunications

Kanoo IT signs strategic deal with Bin Faqeeh

Kanoo Information Technology (Kanoo IT), a top IT and technology solutions provider in Bahrain, has partnered with Bin Faqeeh Real Estate Investment Company to implement a tailor-made business operations and controls IT solution.

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Lifestyle

Arabic-style jewellery to dazzle at Dubai expo

As the UAE buzzes with festive atmosphere following its 45th National Day celebration, Dubai-based jewellers are preparing to showcase extraordinary Arabic collections at the upcoming Dubai International Jewellery Week.

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Motoring

Careem launched in 3 new Egyptian cities

Careem, the region’s leading app-based car booking service, has launched today (December 1) in three new cities in Egypt, extending access to its services to a total of six destinations across the country.

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Health & Environment

UAE hospital welcomes 5 newborns on National Day

Danat Al Emarat, a leading hospital in the UAE, welcomed five newborns on the eve of the country's 45th National Day celebrations with the first baby - a boy - born at 1:01 am.

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Media & Promotion
Education, HR & Training

GEMS Education in assessment programme tieup

Dubai-based GEMS Education is partnering with France’s Organization for Economic Cooperation and Development (OECD) to support the launch of a new approach to improving education assessment and strategies in low- and middle-income countries.

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Miscellaneous

Top Indian leader J Jayalalitha dies at 68

J Jayalalitha, the chief minister of the south Indian state of Tamil Nadu and one of India's most influential politicians, has died at 68. She suffered a heart attack and died last night at 23:30 local time at a hospital in Chennai.

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