Wednesday 26 April 2017

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WORLD-CLASS SERVICE
Injazat launches unique cloud solution for GCC

Injazat Data Systems, a regional market leader for secure data center and managed services solutions, today announced the availability of ‘InCloud’, the region’s first fully integrated cloud solution.

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14 NEW HOTELS PLANNED
Hyatt to double brand presence in Middle East

Hyatt has announced plans to expand its footprint in the Middle East with the signing of management agreements by an affiliate for 14 Hyatt-branded hotels in the region.

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RETAIL, RESIDENTIAL OPS GROWTH
Nakheel records $403m net profit in Q1

Nakheel, one of the world’s leading developers, has registered a net profit of Dh1.48 billion ($403 million) for the first quarter on the back of solid performances by retail, hospitality and residential leasing businesses.

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3

ANALYSIS
Saudi reversal of allowance positive for economy

Saudi Arabia’s decision to reverse allowance cut is likely to boost overall consumption in the economy, as higher disposable income will benefit core consumption sectors i.e. retail and food sectors, a report said.

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4

INTERVIEW
Cloud 'is a great enabler and equaliser'

The main drivers of transformation are agility and innovation and cloud enables these in a very significant way. We believe that technology is an enabler and a great equaliser for businesses, says Teresa Carlson of Amazon Web Services.

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NEWS IN PICTURES
Floating stage

A view of the outdoor stage during the topping-out ceremony for the opera 'Carmen' at Lake Constance, in Bregenz, Austria on April 25. The opera production is scheduled to premiere on July 19 at the Bregenzer Festspiele (Bregenz Festival).

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain Marina masterplan unveiled at Gulf Property Show

Bahrain Marina Development Company, a subsidiary of the Social Insurance Organization (SIO), unveiled the masterplan of its ambitious project, Bahrain Marina, for the first time at the Gulf Property Show, currently under way in Bahrain.

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Retail & Wholesale

LuLu expands in Saudi with new mall, hypermarket

LuLu Group, a leading retail group in the Middle East, has expanded further in Saudi Arabia with the opening of a new shopping mall and hypermarket in Hufuf, Al Ahsa Governorate.

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Energy, Oil & Gas

Dana Gas makes first international condensate sale in Egypt

Dana Gas, the Middle East’s largest regional natural gas company, has achieved an important milestone with the first international sale of condensate in Egypt under the gas production enhancement agreement (GPEA).

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Finance & Capital Market

IIB, Al Shiddi to co-invest in Swissôtel, Sarajevo

Swissôtel, part of AccorHotels, has entered into a franchise agreement with Bahrain’s International Investment Bank (IIB) and Saudi-based Al Shiddi International for the development of a new 218-room urban resort in Sarajevo, Bosnia.

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Analysis, Interviews, Opinions

Saudi reforms to continue: report

The introduction of excise taxes in Saudi Arabia is likely to bring in annual revenues of SR8-10 billion ($2.1-2.7 billion; 0.35 per cent of GDP), according to government estimates, said a report.

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Industry, Logistics & Shipping

Honeywell unveils home, building tech solutions

Honeywell, a global technology and manufacturing leader, unveiled its new home and building technology (HBT) solutions for the Middle East region at a key industry event held in Kuwait.

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Travel, Tourism & Hospitality

Hyatt to double brand presence in Middle East

Hyatt has announced plans to expand its footprint in the Middle East with the signing of management agreements by an affiliate for 14 Hyatt-branded hotels in the region.

More…
IT & Telecommunications

Injazat launches unique cloud solution for GCC

Injazat Data Systems, a regional market leader for secure data center and managed services solutions, today announced the availability of ‘InCloud’, the region’s first fully integrated cloud solution.

More…
Lifestyle

Al Zorah's Marina 1 begins activities

Al Zorah, a premium waterfront destination by Solidere International and the Government of Ajman, has announced the official opening of Marina 1, the development’s first fully fitted out marina, at the Arabian Travel Market in Dubai.

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Motoring

Arabian Auto launches Infiniti promotion

Arabian Automobiles Company, the flagship company of AW Rostamani Group and the exclusive dealer for Infiniti in Dubai, Sharjah and the Northern Emirates, has announced a ‘Buy Now Pay Later’ scheme for the QX60 2016 model.

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Health & Environment

S&P launches new green evaluation service

S&P Global Ratings has announced the launch of its Green Evaluation service, a comprehensive approach to measuring sustainability at the asset level.

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Media & Promotion

HTC U Idol contest launched with Hamaki

HTC has teamed up with Arab Singer Mohamed Hamaki, to present HTC U Idol, a contest where fans can showcase their singing talents and win a chance to sing with the popular musician.

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Education, HR & Training

Bahrain girls' school building work completed

Bahrain's works ministry said it has completed the construction of a new girls school at an investment of BD4.7 million ($12.4 million) in the Busaiteen area of the kingdom and handed it over to the education ministry officials.

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Miscellaneous
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