Friday 23 February 2018

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'ILLEGAL ACT'
Djibouti seizes control of port from DP World

The Government of Djibouti today 'illegally' seized control of the Doraleh Container Terminal from a Dubai Ports World owned entity that designed, built and operated the terminal since 2006, a DP World statement said.

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1

5,000 SHOWS THIS YEAR
Saudi to invest $64bn in entertainment sector

Saudi Arabia plans to invest $64bn in developing its entertainment industry over the next decade as part of its social and economic reforms programme, reports said quoting senior officials.

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2

COMMITMENT HAILED
Opec sees record conformity to output cut deal

Opec and participating non-Opec producing countries have started 2018 with an outstanding conformity level in their voluntary production adjustments, reaching over 130 per cent, said a report.

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3

ANALYSIS
How safe are you around your smart TV?

Now, you probably enjoy watching your smart TV, but chances are that you don’t want it to watch you, too, but ‘watch its watchers’ is precisely what these TVs can do, says an industry expert.

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4

ANALYSIS
Cryptocurrencies: Bubble or no bubble

Cryptocurrencies are most like a speculative instrument, versus an asset class or a currency, said S&P Global Ratings in a new report, noting that the current version has many characteristics of a traditional bubble.

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5

NEWS IN PICTURES
Enchanting performance

Scottish violin star Nicola Benedetti joined the outstanding British ensemble Orchestra of the Age of Enlightement to captivate an Abu Dhabi Festival audience with unparalleled renditions of works by Beethoven.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Samsung unveils new digital content retail store

Samsung Electronics Middle East and North Africa (Mena), showcased Samsung Cue, the company’s first digital content retail store and multimedia entertainment service in the world, launched exclusively in the Mena region.

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Energy, Oil & Gas

Opec sees record conformity to output cut deal

Opec and participating non-Opec producing countries have started 2018 with an outstanding conformity level in their voluntary production adjustments, reaching over 130 per cent, said a report.

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Finance & Capital Market

UAE banks' assets hit $734 billion in 2017

The UAE-based banks' total assets surged to Dh2.693 trillion ($734 billion) at the end of 2017 from Dh2.642 trillion by the end of Q3 in the same year, continuing to lead GCC-based banks in terms of assets for the third year running.

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Analysis, Interviews, Opinions

How safe are you around your smart TV?

Now, you probably enjoy watching your smart TV, but chances are that you don’t want it to watch you, too, but ‘watch its watchers’ is precisely what these TVs can do, says an industry expert.

More…
Industry, Logistics & Shipping

Djibouti seizes control of port from DP World

The Government of Djibouti today 'illegally' seized control of the Doraleh Container Terminal from a Dubai Ports World owned entity that designed, built and operated the terminal since 2006, a DP World statement said.

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Travel, Tourism & Hospitality

Muscat Bay plans special offer for Kuwaiti investors

Muscat Bay, a joint venture between Saraya Holdings Oman (SAOG) and Omran, will be showcasing its award winning residences at Oman’s leading luxury development, at a special five-day expo to be held in Kuwait starting from February 28.

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IT & Telecommunications

Batelco 2017 revenues up 3pc to $380m

Bahrain-based Batelco, a regional telecom group, has posted revenues of BD379.4 million ($1,006.4 million) for the full year 2017, as compared to BD367.1 million ($973.7 million) in 2016 marking a 3 per cent rise.

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Lifestyle

Dorchester Collection to manage luxury project on The Palm

UAE-based developer Omniyat has announced that Dorchester Collection will manage its luxury One Palm development on The Palm Jumeirah, Dubai - the first residential development in the Middle East to be managed by the hospitality brand.

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Motoring

BMW to unveil new sports X4 at Geneva show

BMW will hold the world premiere for the new BMW X4, the new edition of the first Sports Activity Coupe at the premium end of the mid-size class at the Geneva International Motor Show running from March 8 to 18.

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Health & Environment

650 pharmaceutical firms to attend Dubai expo

More than 650 companies in the pharmaceutical industry from 75 countries will participate at the upcoming 23rd edition of Dubai International Pharmaceutical and Technology Conference and Exhibition (Duphat 2018), next week in Dubai, UAE.

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Media & Promotion

Saudi to invest $64bn in entertainment sector

Saudi Arabia plans to invest $64bn in developing its entertainment industry over the next decade as part of its social and economic reforms programme, reports said quoting senior officials.

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Education, HR & Training

Saudi Aramco sets up National Power Academy

Saudi Aramco, in association with nine local and international organizations, has established the National Power Academy (NPA) to provide the local and regional markets with highly qualified staff.

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Miscellaneous

SR Technics, UK group tie up for robotics solution

SR Technics, a leading maintenance, repair and overhaul service provider with major presence in the UAE, is partnering with UK's Invert Robotics to implement an innovative robotics solution to enhance its aircraft maintenance inspections.

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