Tuesday 17 October 2017

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MORE CHOICE FOR CUSTOMERS
Etihad to trial new 'hand baggage only' fare option

Etihad Airways will launch a new 'Hand Baggage Only' fare option on two key routes this winter season, for bookings between October 18 to December 18, allowing travellers with no checking in baggage to purchase lower fares in Economy Class.

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1

PLAN FOR FUTURES CONTRACTS
Nasdaq Dubai, MSCI to develop index derivatives

Nasdaq Dubai has signed a licence agreement with MSCI under which the exchange will use MSCI’s regional indices to create derivative products to be traded on the Nasdaq Dubai’s derivatives platform.

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2

STRATEGIC PROJECT
Orpic kicks off ops at $320m storage terminal

Oman Oil Refineries and Petroleum Industries Company (Orpic) has begun commercial operations at the $320 million Muscat Suhar Product Pipeline (MSPP) project through its main fuel terminal in Al Jifnain.

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3

ANALYSIS
EV global penetration to hit 90pc by 2050: study

Pure electric vehicles (EVs) are estimated to reach global penetration of 12 per cent, 34 per cent and 90 per cent in 2025, 2030 and 2050, respectively, according to a new report from Bank of America Merrill Lynch (BofAML).

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4

ANALYSIS
Could fintech disrupt GCC banks' business models?

Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings.

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5

NEWS IN PICTURES
New ride in town

Ali & Sons Audi, the official Audi dealer for Abu Dhabi and Al Ain, has launched the second generation of the Audi Q5 and SQ5 across its showrooms in Abu Dhabi and Al Ain.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai’s apartment rents down 4pc as new supply hits market

The apartment rental rates across Dubai, UAE, fell 4 per cent and the sales remained flat during the third quarter as new supply added pressure to the emirate's rental market, said a leading property expert.

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Retail & Wholesale
Energy, Oil & Gas

Orpic kicks off ops at $320m storage terminal

Oman Oil Refineries and Petroleum Industries Company (Orpic) has begun commercial operations at the $320 million Muscat Suhar Product Pipeline (MSPP) project through its main fuel terminal in Al Jifnain.

More…
Finance & Capital Market

Nasdaq Dubai, MSCI to develop index derivatives

Nasdaq Dubai has signed a licence agreement with MSCI under which the exchange will use MSCI’s regional indices to create derivative products to be traded on the Nasdaq Dubai’s derivatives platform.

More…
Analysis, Interviews, Opinions

Could fintech disrupt GCC banks' business models?

Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings.

More…
Industry, Logistics & Shipping

Oman’s dairy farm project to contribute $2bn in 10 years

Oman’s largest integrated dairy farm project currently under development at Al Sunainah in Al Buraimi Governorate has the potential to contribute as much as $2.07 billion to the country's economy over the next 10 years, said a report.

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Travel, Tourism & Hospitality

Etihad to trial new 'hand baggage only' fare option

Etihad Airways will launch a new 'Hand Baggage Only' fare option on two key routes this winter season, for bookings between October 18 to December 18, allowing travellers with no checking in baggage to purchase lower fares in Economy Class.

More…
IT & Telecommunications

UAE launches strategy for Artificial Intelligence

UAE has launched the Strategy for Artificial Intelligence, which aims to speed up government’s performance, and create conducive creative environment with highly productivity.

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Lifestyle

MAG Property in deal for biggest fleet of Rolls-Royce Ghost cars

MAG Property Development (MAG PD) has announced a deal with Rolls-Royce Motor Cars Dubai that will see it become the owner of the biggest fleet of Rolls-Royce Ghost model motor cars in the Middle East region.

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Motoring

Bright Box, Ooredoo partner for connected car service

Bright Box Middle East, a global provider of the “Remoto” connected car platform, has announced a collaboration with Ooredoo, Qatar’s leading communications company.

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Health & Environment
Media & Promotion

Eutelsat boosts ME presence with Noorsat acquisition

Eutelsat Communications, one of the world's leading satellite operators, has acquired Noorsat, a leading satellite service provider in the Middle East region, from Bahrain’s Orbit Holding Group.

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Education, HR & Training

UAE students win big at Gitex lab competition

Three innovative students from UAE have won a game-changing share of Dh120,000 ($32,664) at Gitex Technology Week 2017, in the final round of this year’s Student Lab Competition.

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Miscellaneous

SICO, Benefit join to offer equities trading payment service

SICO, a conventional wholesale bank, and Benefit Company, an electronic financial transactions firm, have announced that retail investors will soon have seamless trading access to the Bahrain Bourse through the sicolive online platform.

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