Sunday 25 October 2020


GCC agri-nutrients feed 5pc of world population

The GCC agri-nutrients industry supports the food supply of 5 per cent of the world’s population, or 350 million people across the globe, according to a new report published by the Gulf Petrochemicals and Chemicals Association (GPCA).



Brooge starts preconstruction work on big Fujairah oil terminal

Brooge Energy, a midstream oil storage and service provider, said the pre-construction work has begun on the third phase of its oil storage terminals and refinery project, strategically located outside the Strait of Hormuz near Port of Fujairah, UAE.



Dana Gas to sell onshore Egyptian assets to IPR

Dana Gas has entered into a binding agreement with IPR Wastani Petroleum, a member of the IPR Energy Group for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments.



5G and edge: unlocking new possibilities

With 5G we'll see an entirely new range of applications enabled by low latency of 5G and the proliferation of edge computing – transforming the art of the possible, said professional services firm Accenture in a new report.



Future of work in UAE & impact on IT investments

While there is increased confidence in remote working, 82% of business decision-makers polled in the Middle East expect to be back in the office within 12-18 months, said an industry expert at Xerox in the company’s Future of Work survey..


Top Trade News


Industry Sectors

Construction & Real Estate

Alstom, Hyundai land big Baghdad metro project

A consortium led by Alstom, a global leader in rail transport and sustainable mobility, and Hyundai Engineering & Construction have signed a memorandum of intent with Iraq's government for the implementation of the Baghdad Elevated Train (BET) project.

Retail & Wholesale

Al Taher, Al-Futtaim to introduce Ikea at Oman mall

Al Taher Group, a diversified business group in Oman, has signed a strategic agreement with the UAE based conglomerate Al-Futtaim Group to introduce globally renowned furniture brand Ikea, at Oman Avenues Mall, in Muscat.

Energy, Oil & Gas

Med-Red, Israel’s EAPC sign tie-up for oil transport

Med-Red Land Bridge (MRLB), a UAE-Israel joint venture, has signed a partnership with Israeli state-owned EAPC to create a land bridge for transferring of oil and oil products from the UAE and other Eastern markets to the Western markets.

Finance & Capital Market
Analysis, Interviews, Opinions

AI can save GCC govts $7bn a year: report

The efficiencies generated by artificial intelligence (AI) technology can support Middle Eastern government budgets by up to $7 billion annually, said Oliver Wyman, a global leader in management consulting, in a new report.

Industry, Logistics & Shipping

UAE outlines key challenges facing mining sector

Leading players in the energy and industrial sector joined senior government officials and investors at a key event, Mining Show Virtual, which put the spotlight on the daunting challenges facing the sector and also discussed the future roadmap.

Travel, Tourism & Hospitality

IATA further cuts 2020 traffic forecast for Mideast

Full-year 2020 passenger numbers in the Middle East (to/from/within) are forecast to reach only 30% of 2019 levels, down significantly from the 45% that was projected in July, the International Air Transport Association (IATA) said.

IT & Telecommunications

Etisalat Q3 net profit up 6% to $653m

Etisalat Group, the leading telecom service provider in the UAE, today reported a 6% increase in consolidated net profit for the third quarter (Q3) 2020 to AED2.4 billion ($653 million), resulting in a net profit margin of 18%.


Infiniti launches QX80 luxury SUV in Middle East

The 2021 Infiniti QX80 full-size luxury SUV has launched in the Middle East, featuring added equipment, innovative new technologies and stylish features befitting its luxury status, in addition to a new ‘Black Edition’ grade.


Al-Futtaim Toyota records strong Q3 results

Al-Futtaim Toyota continued gaining market share in Q3 ending September 2020 with 36% compared to 32.0% the year before, thanks to a sturdy line-up of dependable segment leaders.

Health & Environment

Expo 2020 joins Mastercard in planting 100 million trees

Mastercard has announced that Expo 2020 Dubai has joined as a strategic partner the Priceless Planet Coalition, which unites the efforts of consumers, financial institutions, merchants and cities to fight climate change.

Media & Promotion

Lockheed Martin interns showcase new AI solution

Top-performing Emirati interns at Lockheed Martin, the US-based global technology leader, recently showcased their work on advanced technology projects to senior UAE defence industry officials.

Education, HR & Training

New autonomous underwater robot does successful run

A state-of-the-art underwater survey robot being developed by a collaboration of companies from across the UK is on schedule for completion next spring after a successful first demonstration.


Baker McKenzie-SparkBeyond AI tie-up to reimagine legal industry

Leading global law firm Baker McKenzie and cutting-edge problem-solving platform SparkBeyond have announced a market-first collaboration to apply SparkBeyond's technology to disrupt the legal industry and reimagine what legal services might look like for

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