Tuesday 28 June 2016

0

MAJOR TOURISM BOOST
Six Flags in talks to build theme parks in Saudi Arabia

Saudi Arabia has begun talks with Six Flags Entertainment Corp to build theme parks, the company said on Tuesday, as part of the kingdom's efforts to expand its tourism sector and diversify the economy.

more…

1

NO ‘CHERRY-PICKING’ SAYS MERKEL
EU presses Britain for quick exit to cut global fallout

Britain faced angry calls from other European leaders to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union which the IMF said could put pressure on global growth.

more…

2

NEW PROPERTIES COMING UP
Dubai plans 10,000 new hotel rooms in 2016

Dubai’s hospitality and leisure industry is poised for an exciting time with around 10,000 new hotel rooms to open in the emirate by the end of this year, according to the organisers of an upcoming hotel industry event.

more…

3

TECHNOLOGY
Blockchain tech key to regional digital economy

New and emerging blockchain technologies are integral to supporting a digital economy in the Middle East while ensuring protection against rapidly evolving threats of data security and cybercrime, a report said.

more…

4

SPOTLIGHT
Private wealth in Oman on track to hit $400bn

Driven primarily by equities, followed by deposits and bonds, private wealth in Oman will rise from $0.3 trillion to $0.4 trillion by 2020, according to a new report by the Boston Consulting Group (BCG).

more…

5

NEWS IN PICTURES
Highway tragedy

People gather around the wreckage of a passenger bus that was overturned due to high speed on Quetta-Karachi highway near Khuzdar, Pakistan on June 27. At least 11 passengers were killed and 23 were injured in the incident.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Six Flags in talks to build theme parks in Saudi Arabia

Saudi Arabia has begun talks with Six Flags Entertainment Corp to build theme parks, the company said on Tuesday, as part of the kingdom's efforts to expand its tourism sector and diversify the economy.

More…
Retail & Wholesale

Aldar sees success for UAE community project

UAE-based Aldar Properties said with over 70 per cent of the 100 retail units occupied and operational at Al Falah, its community destination is fast emerging as one of the most sought-after national housing developments within Abu Dhabi.

More…
Energy, Oil & Gas

Sabic, Aramco agree to study oil-to-chemicals project

Major petrochemicals producer Saudi Basic Industries Corp (Sabic) said it has reached an agreement with national oil giant Saudi Aramco to conduct a joint feasibility study on a proposed oil-to-chemicals project.

More…
Finance & Capital Market

Dubai ICD's profits slip on lower oil, gas revenues

Investment Corporation of Dubai (ICD), which holds stakes in some of the emirate's top companies, posted a 3.7 per cent drop in profit last year as revenue from oil and gas products and services fell.

More…
Analysis, Interviews, Opinions

Blockchain tech key to regional digital economy

New and emerging blockchain technologies are integral to supporting a digital economy in the Middle East while ensuring protection against rapidly evolving threats of data security and cybercrime, a report said.

More…
Industry, Logistics & Shipping

Radiant to set up oil distillation plant in Sharjah

India’s Radiant Group, an expert in oil distillation process, is set to build its new factory on a 107,639 sq-ft-area at Hamriyah Free Zone, Sharjah, at an investment of $10 million.

More…
Travel, Tourism & Hospitality

Six Flags in talks to build theme parks in Saudi Arabia

Saudi Arabia has begun talks with Six Flags Entertainment Corp to build theme parks, the company said on Tuesday, as part of the kingdom's efforts to expand its tourism sector and diversify the economy.

More…
IT & Telecommunications

Investcorp acquires cyber security firm

Bahrain-based Investcorp, an alternative investment manager, yesterday announced it is acquiring Coresec Systems AB, one of the largest managed cyber security ‎service providers in Scandinavia.

More…
Lifestyle
Motoring

VW’s US emissions settlement to cost $15bn

Volkswagen’s settlement with nearly 500,000 US diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, said two sources briefed on the matter.

More…
Health & Environment

Al Borg targets 200 centres across Mena

Al Borg Laboratories, the largest chain of diagnostic centres in Middle East and North Africa (Mena), is aiming to increase the number of laboratories from 47 to 200 across the region, Dr Sameh Al Sheikh, the company’s CEO said.

More…
Media & Promotion

GCC online ad spend set for 25pc growth this year

Internet advertising spend in the GCC is poised to grow faster than the world average in the next five years and is set to register a growth of 25 per cent this year, according to a new market research report.

More…
Education, HR & Training

KAEC in deal to set up new business, entrepreneurship college

King Abdullah Economic City (KAEC) has signed a co-operation deal with US-based Babson College and Lockheed Martin to start a business and entrepreneurship college in Saudi Arabia.

More…
Miscellaneous

No major Brexit impact on Saudi-UK ties

Britain's decision to leave the European Union will not affect relations with Saudi Arabia, the world's top oil exporter, Saudi Foreign Minister Adel Al Jubeir said on Tuesday.

More…
Live rates widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events

Ads

DHgate.com