Saturday 28 May 2016

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SUSTAINABLE DEVELOPMENT
Saudi-Egyptian JV unveils $3.6bn residential project

Mountain View-Sisban, a joint venture between Saudi-based Sisban Holding and leading developer Mountain View, has launched its giant $3.6-billion luxury residential project in New Cairo, Egypt.

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$800m PROJECT
Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said.

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2

‘BIGGEST ONSLAUGHT IN 2 YEARS’
IS advances near Turkish border, civilians trapped

Islamic State fighters captured territory from Syrian rebels near the Turkish border on Friday and inched closer to a town on a supply route for foreign-backed insurgents fighting the jihadists, a monitoring group said.

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3

TECHNOLOGY
Aerospace industry takes small steps toward Big Data

The aerospace industry is struggling to make the most of the chances offered by Big Data to reduce production costs, optimize flight routes, and improve monitoring and maintenance of aircraft equipment, executives say.

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4

FOCUS
Climate change threatens iconic tourist sites: UN

Extreme weather is becoming one of the biggest risks to World Heritage icons like the Polynesian Easter Island or Britain's Stonehenge, posing a threat to tourism and economies alike, scientists and UN experts said.

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5

IMAGE OF THE DAY
Robbie takes Georgia by storm

British singer Robbie Williams (left) performs on stage during his concert at the Boris Paichadze National stadium in front of a sold-out crowd of 38,000 people in Tbilisi, Georgia, on May 27.-epa

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Egypt wins Kuwait funding for infrastructure projects

Egypt is set to secure $100 million funding from Kuwait government for the speedy development of its key infrastructure projects including desalination plants and roads, said a report.

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Retail & Wholesale

Oris rolls out new Swiss luxury watches

Swiss luxury watch manufacturer Oris has launched its new bold and trendy Artix Skeleton. The timepiece's skeletonised, black-plated mechanical movement gives it a contemporary and powerful appeal.

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Energy, Oil & Gas

Saudi Aramco discovers new oil and gas fields

Committed to continue investing in its energy sector to meet future demand, Saudi Arabia's state oil giant Aramco has discovered three new oil and gas fields, its new energy minister said.

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Finance & Capital Market

UAE signs double taxation deal with Kosovo

The UAE government has announced the signing of two key agreements - avoidance of double taxation and protection and promotion of investment - with the Republic of Kosovo.

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Analysis, Interviews, Opinions

Aerospace industry takes small steps toward Big Data

The aerospace industry is struggling to make the most of the chances offered by Big Data to reduce production costs, optimize flight routes, and improve monitoring and maintenance of aircraft equipment, executives say.

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Industry, Logistics & Shipping

China's SAIC-GM to recall 2.16m vehicles

General Motors Company joint venture with SAIC Motor Corp Ltd will recall about 2.16 million vehicles starting August 15 because the engine crankcase valves may corrode, said China's principal consumer protection watchdog.

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Travel, Tourism & Hospitality

Saudi Binladin wins Maldives airport terminal contract

Construction firm Saudi Binladin Group has secured a contract to construct a new passenger terminal at the Maldives international airport which is being built at a cost of $800 million, the Maldives government said.

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Motoring

Nissan to showcase zero-emission vehicles at UEFA final

Japanese automaker Nissan will be showcasing its line of zero-emission vehicles at the UEFA Champions League final game in Milan to be held on May 28. The vehicles will be used to transport guests and officials throughout the weekend.

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Health & Environment

Kuwait selects cloud solution for water management

EnerTech, a wholly-owned subsidiary of the National Technology Enterprises Company (NTEC) of Kuwait, has selected the Waterfund Insight Service to model and prioritise its strategic water technology investments.

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Media & Promotion

Grand Cinemas to open first 4D theatre in Kuwait

Grand Cinemas, a leading provider of movie entertainment services in the region, has announced the beginning of a new era in the movie-going experience with the introduction of its first 4D cinema in Kuwait.

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Education, HR & Training

Jumeirah employee wins $26,000 MBA scholarship

Stephanie Honoré, an Australian national working at Jumeirah Group, has secured a fully-funded MBA scholarship worth $26,000 from the regional unit of Austria’s leading international private educational institution - Modul University.

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Miscellaneous
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