Monday 26 September 2016

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BOOSTING STABILITY
Saudi cbank to inject $5.33bn into banking system

Saudi Arabia's central bank said on Sunday it has decided to inject around SR20 billion ($5.33 billion) in time deposits into the banking system to boost financial stability.

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BUSINESS DISTRICT, RETAIL UNITS
Kipco starts work on $2.5bn mixed-use development

Kuwait Projects Company (Kipco) said the company had begun construction on its ambitious $2.5-billion Hessah Al Mubarak project, the country's first comprehensive, mixed-use development coming up on a sprawling 227,066-sq-m area.

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2

MODERNISATION BID
Saudia to acquire 63 planes in fleet expansion

Saudi Arabian Airlines (Saudia) will acquire 63 aircraft as part of a fleet modernisation programme, a top executive was quoted as saying by state news agency SPA.

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3

ANALYSIS
Opec in new push to clinch key output freeze deal

Behind the scenes, Opec experts are trying to work out last-minute details for an output-limiting deal that would impress the market but also allow oil ministers to claim victories at home in front of their respective domestic audiences.

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4

SPOTLIGHT
Smartphones herald a new era of action photography

Smartphone cameras are catching up with high-end DSLRs, a report said, highlighting that the flexibility of smartphones leaves them well-equipped to capture content that is off limits to traditional cameras.

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5

NEWS IN PICTURES
High-rise hazard

A portion of a crane hangs from the side of a high-rise building after the crane collapsed, injuring at least three people in Sydney, Australia on September 25.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Kipco starts work on $2.5bn mixed-use development

Kuwait Projects Company (Kipco) said the company had begun construction on its ambitious $2.5-billion Hessah Al Mubarak project, the country's first comprehensive, mixed-use development coming up on a sprawling 227,066-sq-m area.

More…
Energy, Oil & Gas

Oil and gas sector 'must adopt new technologies'

Adoption of new technologies can boost the region’s energy sector in output and competitiveness at a time of reduced oil prices and global competition from new suppliers, according to a regional energy executive.

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Finance & Capital Market

DGCX’s INR Quanto Futures wins innovation award

DGCX’s Indian Rupee Quanto futures contract has been recognised as the Most Innovative New Contract in the Currency category at this year’s Futures and Options World (FOW) Awards Asia, the derivatives industry’s leading awards.

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Analysis, Interviews, Opinions

GCC companies ‘need to build on core capabilities’

Following a period of growth, GCC companies must now focus on capabilities if they want to stay competitive. If not, they risk falling into ‘growth traps’, according to a recent study by management consultancy Strategy&.

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Industry, Logistics & Shipping

Computer, electronic devices manufacturing grows in GCC

The GCC computer and electronic products manufacturing industry has achieved significant growth in the past few years, with the compound annual growth rate (CAGR) posting 4.8 per cent since 2011, a report said.

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Travel, Tourism & Hospitality

Saudia to acquire 63 planes in fleet expansion

Saudi Arabian Airlines (Saudia) will acquire 63 aircraft as part of a fleet modernisation programme, a top executive was quoted as saying by state news agency SPA.

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IT & Telecommunications

Teradata launches accelerators for IoT

Teradata, a leading global analytics solutions company, has launched four powerful accelerators that speed up the transformation of Internet of Things (IoT) data to actionable insight.

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Lifestyle

HTC launches two new smartphones

HTC Corporation, a leading innovator in mobile and virtual reality technology, has unveiled the HTC Desire 10 pro and the HTC Desire 10 lifestyle smartphones.

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Motoring

Hyundai to unveil RN30 Concept at Paris Motor Show

Hyundai Motor Company has shared a first glimpse of its latest high-performance N Concept, the RN30, that will celebrate its world premiere at the 2016 Paris Motor Show.

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Health & Environment

$1bn Abu Dhabi medical city set for 2017 handover

More than 85 per cent of the work at the $1.08-billion Sheikh Shakhbout Medical City in Abu Dhabi, UAE, has been completed and was track for handover to the emirate's health services company Seha in the fourth quarter of 2017.

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Media & Promotion

Majid Kids TV celebrates first anniversary

Majid Kids TV, a subsidiary of Abu Dhabi Media, is marking a glorious year of entertaining and educating Arab young generation producing over 300 hours of relevant entertaining and education content.

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Education, HR & Training

Abu Dhabi Housing in key scientific research deal

Abu Dhabi Housing Authority (Adha) has signed a MoU with the Abu Dhabi University to explore the opportunities of co-operation in scientific research, field studies, academic applications of housing-related activities.

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Miscellaneous
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