Wednesday 22 November 2017

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HUGE RISE IN EGYPT NUMBERS
Mideast hotel occupancy up, rates down

Hotels in the Middle East reported mixed performance during October 2017, while hotels in Africa posted growth across the three key performance indicators, according to data from STR.

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308,000-sq-m FACILITY
Tilke wins Bahrain expo centre consultancy contract

Bahrain has awarded a major contract to Tilke, a global engineering and architecture firm based in Germany, to provide consultancy services for its new 308,000-sq-m exhibition and conference centre coming up in Sakhir area of the kingdom.

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2

BID TO CUT EMISSIONS BY 235m T
Dubai power, water projects to save $19bn by 2030

Electricity and water generation projects in Dubai will improve efficiency and generate savings of up to Dh70 billion ($19 billion) and reduce carbon emissions by 235 million tonnes by 2030, said Dewa chief Saeed Mohammed Al Tayer.

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3

ANALYSIS
Tech firms now banking sector’s biggest disruptors

Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry. However, established technology firms such as Amazon, Apple and Tencent have emerged as the bigger, more immediate threat to retail banking.

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4

ANALYSIS
Technology to change the way we shop in 2030

Automation, customisation and big data are some of the trends expected to change the way consumers shop in the future, said global real estate services firm CBRE in a new report highlighting insights for the retail landscape in 2030.

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NEWS IN PICTURES
Gulf Air marks 50 years of Bahrain-Paris route

Marking the 50th anniversary of its Bahrain-Paris route, Gulf Air, the national carrier of Bahrain, recently flew a number of GCC media representatives to Paris on a familiarization trip jointly hosted by Shangri-La Hotel, Paris.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Arabtec wins $259m Dubai Downtown project deal

Target Engineering Construction, a unit of top UAE contractor Arabtec, said it has been awarded a Dh950 million ($259 million) contract to develop Phase Two of Forte, a residential development in Downtown Dubai.

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Retail & Wholesale

Group to invest $1.2bn in Abu Dhabi’s Reem Mall

The consortium behind Abu Dhabi’s Reem Mall announced today that financing for the $1.2-billion project is now complete, with the signing of the largest real estate asset based facility in the UAE.

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Energy, Oil & Gas

Abu Dhabi sees 6pc growth in power from solar

The production of electricity from solar energy in Abu Dhabi reached 280,085 MW per hour, a growth of 6.1 per cent compared to 2015, according to a recent report issued by the Statistics Centre - Abu Dhabi (Scad)

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Finance & Capital Market

Emaar Development celebrates DFM listing

Emaar Development, the build-to-sell (BTS) property development business of UAE-based Emaar Properties, on Wednesday rang the market-opening bell to celebrate its Dh24.1 billion ($6.56 billion) listing on the Dubai Financial Market (DFM).

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Analysis, Interviews, Opinions

Tech firms now banking sector’s biggest disruptors

Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry. However, established technology firms such as Amazon, Apple and Tencent have emerged as the bigger, more immediate threat to retail banking.

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Industry, Logistics & Shipping

PHD Chamber office to boost India-Bahrain trade

Bahrain will host an India Week next year to boost trade and investment between the two countries, a key project resulting from a partnership between India’s PHD Chamber of Commerce and Industry and Bahrain-based Al Hilal Group.

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Travel, Tourism & Hospitality
IT & Telecommunications

1,600 experts for ArabNet Riyadh summit

Around 1,600 regional/international digital professionals, leaders and entrepreneurs will discuss the future of digital in Saudi Arabia at the upcoming ArabNet Riyadh, the largest and most influential digital conference in the Kingdom.

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Lifestyle

Panerai presents Luminor Due collection at Jewellery Arabia

Office Panerai, the luxury watchmaker known for its Italian design and fine Swiss craftsmanship, is showcasing highlights from its 2017 collection of masterpieces at the Jewellery Arabia exhibition in Bahrain.

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Motoring

Al Tayer Motors offers luxury service centre on wheels

Al Tayer Motors, the Ford and Lincoln importer-dealer in the UAE, has taken its customer service to another level by creating a luxury service centre on wheels to help keep its clients on the move in Dubai.

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Health & Environment

Bahrain dialysis centre 63pc work completed

Bahraini authorities said work was progressing as per schedule on the new dialysis centre coming up in Hunainiya region of the kingdom with nearly 63 per cent of the project ready. It will be completed by the middle of June next year.

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Media & Promotion

ENBD golfers campaign offers Dh1 million cash

Emirates NBD (ENBD), a leading bank in the UAE, has announced the return of the Million Dirham Putt - a campaign where amateur golfers from across the region compete for a chance to win Dh1,000,000 ($272,000) cash.

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Education, HR & Training

Switzerland, Singapore top global knowledge ranking

Switzerland, Singapore and Finland won top global rankings in the first Global Knowledge Index, launched by the Mohammed Bin Rashid Al Maktoum Foundation in collaboration with the United Nations Development Program (UNDP).

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Miscellaneous

Cornish Kern from UK is world cheese champion

Cornish Kern, an alpine-style cheese made by the UK’s Lynher Dairies Cheese Company, has been crowned World Champion Cheese at the 30th annual World Cheese Awards, after just a few years in development.

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