Monday 16 January 2017

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COMBINED CYCLE PROJECT
GE unit wins new Alba power plant deal

GE Power, a division of GE, today announced an order from Aluminium Bahrain (Alba) for a turnkey combined-cycle power plant, including three GE HA gas turbines, which will power the world’s largest single-site smelter.

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1

SUSTAINABILITY WEEK OPENS
UAE determined to promote clean energy

The UAE is keen to diversify its energy resources and allocate a growing share to clean energy in order to ensure a secure future for the coming generations, it was revealed at the inauguration of the Abu Dhabi Sustainability Week today.

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2

BULK LIQUID BERTH TERMINAL
Boskalis wins $533m Oman port contract

Leading Dutch dredging group Royal Boskalis Westminster said it has been awarded a €480-million ($533 million) contract for the design, procurement and construction of a bulk liquid berth terminal at the Duqm port in Oman.

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3

ANALYSIS
Three predictions for the future of retail

It’s up to retailers to adapt to today’s rapid changes and in some areas even lead the way, says the president and CEO of Walmart, highlighting what customers can expect their shopping experiences to be like 10 years from now.

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4

TECHNOLOGY
Smart card ‘keys’ crucial to maintaining security

Even if you are using a secure technology (like EV1), access control cards and smart cards can still be copied if there is careless use of the smart card ‘Keys’, says an industry expert.

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5

NEWS IN PICTURES
Dealing with SARA

A man tests 'SARA', a Socially-Aware Robot Assistant, inside the Congress Center during preparations for the 47th Annual Meeting of the World Economic Forum (WEF) in Davos, Switzerland, on January 15.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi Arabia to build 280,000 new housing units

Saudi government has started work on an ambitious housing programme which will see the construction of 280,000 residential units at an investment of SR119.5 billion ($32 billion) over the next three years, said a report.

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Retail & Wholesale

Majid Al Futtaim unveils Ajman mall revamp plan

Majid Al Futtaim, a key retail pioneer in the region, has unveiled a comprehensive redevelopment plan for City Centre Ajman that will see the mall almost double in size from 29,000 sq m to 52,000 sq m while adding more car parking spaces.

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Energy, Oil & Gas

France launches clean energy hub for Mideast

France will launch today (January 16) a “French Efficiency – Clean Energy” regional Club for the Middle East on the occasion of the ongoing Abu Dhabi Sustainability Week and the World Future Energy Summit in Abu Dhabi, UAE.

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Finance & Capital Market

Emirates NBD posts $1.97 billion net profit

Emirates NBD, the UAE’s largest lender, posted a net profit of Dh7.24 billion ($1.97 billion) for the financial year 2016, up 2 per cent compared to the previous year.

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Analysis, Interviews, Opinions

Everything you need to know about Davos 2017

Nearly 3,000 people will converge on a small town in the Swiss mountains for the World Economic Forum’s Annual Meeting 2017, running from 17 to 20 January. What are they doing there? Who are they and what do they hope to achieve?

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Industry, Logistics & Shipping

DP World to develop Kazakh economic zone

Dubai-based global trade enabler DP World has signed a memorandum of understanding (MoU) with the Government of Kazakhstan for the development of a special economic zone in Aktau, further boosting trade and logistics in the country.

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Travel, Tourism & Hospitality

Emirates brings daily A380 service to Sao Paulo

Dubai-based Emirates airlines has announced that it will operate the first ever scheduled commercial Airbus A380 flight to South America when it upgrades its Dubai–Sao Paulo service on March 26, 2017.

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IT & Telecommunications

Emerson Network Power rebrands as Vertiv

The business formerly known as Emerson Network Power has announced the appointment of Rob Johnson as CEO and officially commenced a campaign to rebrand the standalone company as Vertiv.

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Lifestyle

LAVA launches new feature-packed smartphone

LAVA International, a fast-growing smartphone brand, has announced the launch of A3, a smartphone to power up work and life of young, upwardly mobile consumers.

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Motoring

Dubai launches smart car rental with 200 vehicles

Dubai’s Roads and Transport Authority (RTA) has inaugurated the Smart Rental Service, the first of its kind in the Middle East, enabling customers to rent cars for short periods not exceeding six hours via smart apps.

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Health & Environment

UK medical devices firm looks to expand in ME

GBUK, a multi-award-winning medical device manufacturing and distribution company, is attending Arab Health 2017 in Dubai to develop its export business across the Middle East.

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Media & Promotion

Top sign and graphic show opens in Dubai

SGI Dubai 2017, the Middle East’s largest sign and graphic imaging show, opened in Dubai, UAE yesterday showcasing innovative printers and digital signage panels worth over Dh230 million($62.6 million).

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Education, HR & Training

Tamkeen signs major training agreement

Tamkeen has signed a memorandum of understanding with global engineering industrial group Fives to provide training to Bahrainis working in the industrial sector, a report said.

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Miscellaneous

Expo 2020 Dubai rolls out $100m scheme for creative projects

Expo 2020 Dubai today delivered the first public roll-out of its $100 million Expo Live programme to help fund, accelerate and promote creative projects that will improve lives while preserving our planet.

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