Wednesday 13 December 2017

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CENTRAL PROCESSING FACILITY
Petrofac wins $800m BP Oman gas project contract

British oilfield services firm Petrofac has been awarded a lump-sum contract worth $800 million by BP for development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas development in Oman.

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MOVE TO 'UNLOCK SECTOR'
Saudi PIF, AMC Entertainment sign movie theatres deal

Saudi Arabia's Public Investment Fund (PIF) today announced the signing of a non-binding memorandum of understanding (MoU) with AMC Entertainment Holdings, the world’s largest provider and operator of movie theatres.

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ROBERTO CAVALLI PARTNERSHIP
Daar kicks off global expansion with $218m Dubai tower

Dar Al Arkan (Daar), the largest listed Saudi real estate developer, is launching its international business with a Dh800-million ($218 million) tower on Dubai Water Canal, being developed in partnership with luxury brand Roberto Cavalli.

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3

ANALYSIS
GCC downstream to see medium-term volatility: study

The GCC refining market is expected to remain volatile in the medium term, with significant uncertainties on the demand side, mainly linked to the economic growth prospects of the US, Europe and China, a report said.

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SPECIAL REPORT
2018 hot consumer trends: Technology turns human

Body language, facial expression and intonation will augment voice and touch to control consumer interaction with tech devices, easing adaption in an ever-increasing pace of technological change, said Ericsson in a new report.

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NEWS IN PICTURES
The Gift of Giving

Celebrities including Adrien Brody, Vanessa Williams, Luis Fonsi, Alisha Dixon and Global Gift Foundation founder, Maria Brava turned out in force to support Global Gift Gala, the official charity gala of Dubai International Film Festival.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Majid Al Futtaim's Sharjah mall expansion 'on track'

Majid Al Futtaim, a leading shopping mall developer and retail pioneer, said the expansion work at its Matajer Al Juraina community mall in Sharjah, UAE, was progressing well and on track for completion early next year.

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Retail & Wholesale

Mideast exports 'top $765bn in 2016'

Middle Eastern countries recorded exports of $765.8 billion and imports of $665.2 billion in 2016, said a top official, citing a report by World Trade Organisation (WTO).

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Energy, Oil & Gas

Petrofac wins $800m BP Oman gas project contract

British oilfield services firm Petrofac has been awarded a lump-sum contract worth $800 million by BP for development of a central processing facility (CPF) at the Khazzan Phase Two (Ghazeer) gas development in Oman.

More…
Finance & Capital Market

nogaholding marks issuance of $1bn note

nogaholding, the investment arm of Bahrain's National Oil and Gas Authority (Noga) hosted an event to mark the debut issuance of $1 billion senior unsecured notes, due in 2027 under the Global Medium-Term Note Programme.

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Analysis, Interviews, Opinions

Global unrest weighing down majority: Ford

People worldwide feel increasingly polarised by cultural and societal changes and more than 60 per cent of adults globally say they feel overwhelmed by unrest in the world, a report said.

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Industry, Logistics & Shipping

$136m agreement signed to develop Port of Fujairah

Abu Dhabi Ports has signed a Dh500-million ($136 million) agreement to develop the infrastructure of the Port of Fujairah, including deepening of berths, and establishment of quays and storage areas to accommodate growth in cargo traffic.

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Travel, Tourism & Hospitality

Mövenpick to manage new Muscat hotel

Golden Group Holding, an Oman-based group with interests in real estate, hospitality, construction and energy sector, has joined hands with Mövenpick Hotels for a new property in the Al Mawaleh mixed-use project, said a report.

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IT & Telecommunications

UAE’s TRA scheme to help students decide future

UAE’s Telecommunications Regulatory Authority (TRA) has launched a project which aims to help students determine their university specialization that suits their skills and capacities, within the UAE’s schools.

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Lifestyle
Motoring

MG Motor to launch new RX5 at Saudi show

MG Motor has announced that it will showcase its new RX5compact SUV for the first time in the Middle East at this year’s Saudi International Motor Show, running from December 17 to 21 in Jeddah.

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Health & Environment

Gosh marks topping out of Zayed Research Centre

UK-based The Great Ormond Street Hospital (Gosh) has achieved a major construction milestone with the topping out of Zayed Centre for Research into Rare Disease in Children, a first-of-its-kind facility coming up in London.

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Media & Promotion

Marassi Al Bahrain gears up for wellness fest

Marassi Al Bahrain, a unique waterfront project being developed by Eagle Hills Diyar, is hosting its debut Wellness Festival - a largest-of-its-kind event in the kingdom with focus on fitness, nutrition and body care - on December 16.

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Education, HR & Training

UAE’s TRA scheme to help students decide future

UAE’s Telecommunications Regulatory Authority (TRA) has launched a project which aims to help students determine their university specialization that suits their skills and capacities, within the UAE’s schools.

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Miscellaneous

Dubai hosts forum on risk management

The General Directorate of Residency and Foreigners Affairs (GDRFA) in collaboration with the US Risk Management Society (RIMS) is organising a two-day forum on risk management in Dubai, UAE yesterday (December 11).

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