Tuesday 20 February 2018

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8 MINI ISLANDS, RETAIL ARCADE
Key works completed at $6.8bn Sharjah Waterfront City

Sharjah Oasis Real Estate has completed Dh3-billion ($816 million) infrastructure development works at its mega waterfront city, which on completion, will boast eight mini islands, an 800-berth marina, a water theme park and a mega shopping mall.

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1

EXPORTS HIT $3.4bn
Dubai external food trade tops $19bn in 9 months of 2017

The value of Dubai’s external food trade reached Dh70.2 billion ($19.11 billion) where imports touched Dh44.6 billion, followed by exports with Dh12.6 billion and re-exports with Dh12.9 billion during the first nine months of 2017.

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2

HYDROCARBON TAKES MAJOR SHARE
Kuwait set to launch $72bn projects by 2019-end

Kuwait is set to launch KD21.7 billion ($71.6 billion) development projects with a focus on the hydrocarbons sector, rail and airport projects and the upcoming Al Jahra labour city, by the end of next year.

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3

TECHNOLOGY
How 5G will lead to new network paradigms

5G brings a unique combination of ultra high-speed broadband speed of 10Gbps with a latency of less than a millisecond, says an industry expert, noting that this opens up new use cases, including real-time monitoring and autonomous driving.

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4

ANALYSIS
Technology and the future of finance

There are tasks at which machines are poor and humans are excellent, says an industry expert, pointing out that these tasks can be broken down into: what should the machines be doing, are they doing it and how do customers feel about it.

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5

NEWS IN PICTURES
DXB welcomes Year of Dog

Dubai International Airport (DXB) has started a week-long celebration of Chinese New Year. Welcoming the Year of the Dog, passengers at DXB will be treated to rousing performances by artists from Dubai Parks and Resorts.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Three Mena projects among CTBUH skyscraper awards finalists

Three projects in the Middle East and North Africa (Mena) region - Bahrain World Trade Centre 1, Rose Rayhaan by Rotana in Dubai (UAE) and Beirut Terraces (Lebanon) - are among the finalists in CTBUH's '2018 Best Tall Building Worldwide' list.

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Retail & Wholesale

Nakheel awards contract for $1.3bn Dubai shopping mall

UAE-based master developer Nakheel today officially signed a contract for the construction of Deira Mall, its new shopping, dining and entertainment destination with a total development value of Dh6.1 billion ($1.3 billion).

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Energy, Oil & Gas

Adnoc signs offshore concession pact with Cepsa

The Abu Dhabi National Oil Company (Adnoc) has signed an agreement with Cepsa, a Spanish integrated oil and gas company, awarding it a 20 per cent stake in Abu Dhabi’s offshore SARB and Umm Lulu concession.

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Finance & Capital Market

Waha Capital proposes 15pc cash dividends

Waha Capital, a leading Abu Dhabi-based investment company, said its board has recommended a cash dividend of 15 fils per share, equivalent to 15 per cent of its paid-up capital.

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Analysis, Interviews, Opinions

How 5G will lead to new network paradigms

5G brings a unique combination of ultra high-speed broadband speed of 10Gbps with a latency of less than a millisecond, says an industry expert, noting that this opens up new use cases, including real-time monitoring and autonomous driving.

More…
Industry, Logistics & Shipping

Hira Walraven unit opens new plant in Dubai

Hira Walraven, a joint venture between the UAE-based Hira Industries and Dutch manufacturer of pipe support systems Walraven, said its fixing systems division has opened a new facility at National Industries Park (NIP) in Dubai.

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Travel, Tourism & Hospitality

Exciting line-up for Bahrain's Spring of Culture festival

The Spring of Culture, an annual festival which commences in February each year, has announced the cultural program of its 13th edition, offering Bahrain’s audience a variety of choices from all over the world.

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IT & Telecommunications

Huawei unveils connected solutions at Bitex

Huawei showcased more agile, more intelligent, more connected solutions designed to shape the future of smart and safe cities at the recently concluded Bitex 2018, a top ICT show in Bahrain.

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Lifestyle

The Avenues-style project to be built in Sharjah

Sharjah Investment and Development Authority (Shurooq) has signed an agreement with top Kuwaiti real estate group Mabanee to develop a tourist and leisure project on the lines of its successful shopping brand ‘The Avenues’.

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Motoring

Kia Motors appoints COO for MEA headquarters

Kia Motors Corporation has appointed Yaser Shabsogh as its new chief operating officer to its Dubai-based Kia Motors Middle East and Africa (MEA) regional headquarters.

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Health & Environment

Cleveland Clinic Abu Dhabi achieves key medical milestone

Cleveland Clinic Abu Dhabi has achieved a major medical milestone with the successful completion of full liver and lung transplants at the hospital this month, following the heart and kidney transplants which were conducted last year.

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Media & Promotion

OSN signs ME’s first partnership deal with Netflix

OSN, the Middle East and North Africa region’s leading entertainment network, has signed the first partnership deal in the region with Netflix – the world’s leading internet entertainment service.

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Education, HR & Training

Majority of UAE firms ‘hiring in next 12 months’

A large majority (86 per cent) of UAE companies intend to hire new people in the next year, and three quarters (75 per cent) saying they will be hiring in the next three months, a report said.

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Miscellaneous

Global players vie for $1.5bn ME leather goods market

International players in the fine leather products sector will out in force at the upcoming Leatherworld Middle East 2018 expo in Dubai for a piece of the $1.5-billion regional luxury goods market, said a report.

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