Thursday 8 December 2016

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AL HOSN SHAH GAS PROJECT
Amec Foster Wheeler wins Abu Dhabi Feed contract

Abu Dhabi National Oil company has awarded a front-end engineering design (Feed) services contract to UK consultancy Amec Foster Wheeler to help boost the capacity of its Al Hosn Shah Gas plant in the emirate by 50 per cent.

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REFRIGERATION MARKET UP 12pc
$80bn construction boom to drive Saudi HVACR market

Saudi Arabia’s HVACR (heating, ventilation, air-conditioning and refrigeration) market is poised for solid growth over the next five years mainly driven by the $80-billion Saudi construction boom, said a report.

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2

MAJOR TOURISM BOOST
Turkish-Arab fund to invest $322m in luxury Greek resort

Jermyn Street Real Estate Fund, a Turkish-Arab venture has announced plans to spend close to €300 million ($319 million) for redeveloping a luxury seaside resort outside the capital city of Athens in Greece, said a report.

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3

TECHNOLOGY
Six big challenges facing the security industry in 2017

Enhancement to technologies continues until it reaches a level of effectiveness that prompts adversaries to respond, says an industry expert listing the six big challenges facing the security industry in 2017.

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4

ANALYSIS
Opec deal unlikely to affect oil market balance

Opec has agreed to cut production by what equates to a 4.5-4.6 per cent cut per member country, which according to Barclays is consistent with its view of what Opec production levels were expected to be in 2017 irrespective of the deal.

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5

NEWS IN PICTURES
Sinkhole tragedy

A handout image released on December 6 by the San Antonio Fire Department shows submerged cars after a deputy was killed when an underground pipe ruptured causing a sinkhole that collapsed a roadway swallowing two vehicles.

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Top Trade News

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Industry Sectors

Construction & Real Estate

$80bn construction boom to drive Saudi HVACR market

Saudi Arabia’s HVACR (heating, ventilation, air-conditioning and refrigeration) market is poised for solid growth over the next five years mainly driven by the $80-billion Saudi construction boom, said a report.

More…
Energy, Oil & Gas

Morocco, Nigeria to build giant gas pipeline

In a major move, the governments of Morocco and Nigeria have announced plans to jointly develop a new regional gas pipeline that will not only stretch out all the way towards Europe, but will also connect many African countries.

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Finance & Capital Market

Eskan's debut REIT issue gets solid response

Eskan Bank, a leading provider of housing finance in Bahrain, said the initial public offering of Bahrain's first Sharia-compliant retail real estate investment trust (REIT) has exceeded 95 per cent subscription rate.

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Analysis, Interviews, Opinions

Family businesses ‘must identify priority areas’

Family businesses in Mena region are facing rapidly challenges to development, to overcome which they need to identify their priority areas and proactively institutionalize, said management consultancy Strategy& in a recent study.

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Industry, Logistics & Shipping

Honeywell inks deal with International Wings Group

Global technology leader Honeywell has signed an agreement with Arab Wings and Gulf Wings, both part of the International Wings Group, to provide its full suite of GoDirect Cabin and Cockpit Connectivity Services to more than 20 aircraft.

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Travel, Tourism & Hospitality
IT & Telecommunications

Majority of GCC firms see key role for digitization

Sixty per cent of the companies in the GCC believe that digitalization has the potential to create new business models or lead to a more open culture of innovation, a report said.

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Lifestyle

Top jewellery show kicks off in Dubai

More than 300 exhibitors - including leading boutiques and retailers such as Yoko London, Australian South Sea Pearls Fzco - are taking part in the Dubai International Jewellery Week which opened today.

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Motoring

Special offer for Land Rover models in Bahrain

Euro Motors, the exclusive dealer and distributor for luxury automotive manufacturer Jaguar Land Rover in Bahrain, has launched exceptional offers on selected Jaguar and Land Rover models up until the end of December.

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Health & Environment

Cocoona offers 3D simulation for plastic surgery

Cocoona, an all-in one centre for aesthetic transformation, has launched a unique 3D web-based solution for the simulation of aesthetic procedures. This is the first of its kind in the UAE.

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Media & Promotion

Dubai’s Sikka Art Fair opens submissions

Dubai Culture & Arts Authority, the Emirate's dedicated entity for culture, arts and heritage, is now accepting submissions for the seventh edition of Sikka Art Fair, Dubai Art Season’s flagship initiative.

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Education, HR & Training

Bayt.com, MAD Talks offer new video platform

Bayt.com, a top job site in the Middle East, joined forces with media company MAD Talks to create a storytelling platform to highlight stories of entrepreneurs and renowned experts through a series of downloadable videos and audio podcasts.

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Miscellaneous

Al Dahra opens rice factory at Kizad

Al Dahra Holding and Abu Dhabi Ports have launched the Gulf region’s largest and only rice factory of its kind at Khalifa Industrial Zone (Kizad) in the UAE capital.

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