Saturday 19 August 2017

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PROJECT TO POWER 16,000 HOMES
Masdar signs EPC contract to build Oman wind farm

Masdar, Abu Dhabi’s renewable energy company, has signed an engineering, procurement and construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the first large-scale wind farm in Oman and the GCC.

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1

ABRAS MOST FAVOURED
Dubai marine transit passengers top 6.6m in H1

All types of marine transit modes in Dubai, UAE clocked 6.63 million passengers during the first half of 2017, with Abras accounting for the largest share of commuters, amounting to 6.25 million passengers, a report said.

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2

PIPELINE CONTRACT
Saipem wins $850 million new Kuwait refinery deal

Italy-based Saipem, a leading oil and gas industry contractor, has won a new contract worth $850 million for the engineering, procurement, construction and commissioning of the feed pipelines of a new refinery in Kuwait.

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3

ANALYSIS
Leveraging the cloud to manage workforce

Leveraging the cloud has become a fast and more cost-effective way for companies large and small to streamline HR processes and scale services as they expand, says global management consulting firm Accenture in a new report.

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4

ANALYSIS
Oil drives Saudi Arabia’s fiscal deficit lower in H1

Saudi Arabia’s budget deficit, which fell to SR72 billion ($19 billion) in the first six months of the year, half the first-half 2016 deficit, reflects a sharp increase in oil revenues from higher oil prices, Moody’s said in a new report.

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5

NEWS IN PICTURES
Underwater Yoga

The biggest underwater yoga class in Dubai is back on August 22 in front of Atlantis, The Palm’s Ambassador Lagoon from 7:30am-8:30am.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dewa completes third of 162-km water project

Dubai Electricity and Water Authority (Dewa) has completed 109 km of the 162 km, Dh210 million ($57 million) project to supply, extend and commission water distribution networks.

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Retail & Wholesale

Samsung launches new home appliances campaign

Samsung Electronics has launched its new brand campaign for home appliances in 10 countries around the world, highlighting its mission to make a meaningful difference in people’s lives.

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Energy, Oil & Gas

Masdar signs EPC contract to build Oman wind farm

Masdar, Abu Dhabi’s renewable energy company, has signed an engineering, procurement and construction (EPC) contract with a global consortium comprising GE and Spain’s TSK to build the first large-scale wind farm in Oman and the GCC.

More…
Finance & Capital Market

Abu Dhabi funding of Afghanistan projects hits $326m

Abu Dhabi Fund for Development (ADFD) has allocated to date Dh1.2 billion ($326 million) in Abu Dhabi government grants and concessionary loans to 18 development projects in Afghanistan.

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Analysis, Interviews, Opinions

What colour will your car be in 2018?

Lighter coloured cars, which keep the interior 11 per cent cooler than darker coloured cars, are appealing to the MEA market, a report said, adding that white cars also tend to hold their resale value, while blue cars tend to lose the most.

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Industry, Logistics & Shipping

Dubai marine transit passengers top 6.6m in H1

All types of marine transit modes in Dubai, UAE clocked 6.63 million passengers during the first half of 2017, with Abras accounting for the largest share of commuters, amounting to 6.25 million passengers, a report said.

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Travel, Tourism & Hospitality

InterCon signs two new hotels in Dubai Business Bay

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has announced the signing of two new properties in Dubai: Crowne Plaza Dubai Business Bay and InterContinental Residence Suites Dubai Business Bay.

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IT & Telecommunications

Viva Bahrain named Asia’s Best Employer Brand

Telecom provider Viva Bahrain has been named Asia’s Best Employer Brand Award 2017 in Le Meridien, Singapore, making it the only Middle Eastern telecom company recognized at this level for its HR value proposition.

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Motoring

Dubai’s RTA links 20-year-old trucks with smart centre

Dubai’s Roads and Transport Authority (RTA) has started linking trucks that had been in service for 20 years or more with the Smart Monitoring Centre of RTA’s Licensing Agency.

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Health & Environment

Total eclipse could cost US employers $694m

The total eclipse of the sun on August 21 will cost US employers $694 million, according to an analysis of Bureau of Labor Statistics (BLS) data by global outplacement and executive coaching firm, Challenger, Gray & Christmas, Inc.

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Media & Promotion

Dubai Cares in drive to educate children in Colombia

Dubai Cares, part of Mohammed Bin Rashed Al Maktoum Global Initiatives, has launched a new Dh11 million ($3 million) programme to protect and empowering thousands of vulnerable children caught in the midst of conflict in Colombia.

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Education, HR & Training

Bahrain Secretary Association launches training programme

The Bahrain Secretary Association has launched a training programme which aims to develop the skills of Bahrainis working in the executive secretarial field and office management.

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Miscellaneous

Agthia opens first store in Dubai

Agthia Group, a leading food and beverage group in the UAE, has opened its first store in Dubai and launched a partnership programme with UAE government institutions.

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