Tuesday 18 September 2018

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OPERATION, MAINTENANCE SERVICES
Alstom wins $848m Riyadh Metro network contract

Alstom, as a part of Flow consortium, has been awarded a contract worth more than €730 million ($848 million) from Arriyadh Development Authority (ADA) to provide operation and maintenance services for lines 3, 4, 5 and 6 of the Riyadh Metro network.

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1,000 ROOMS PLANNED
Designs Group, Warwick ink Saudi hotels deal

Designs Group, a key provider of integrated hotel solutions besides construction and management services, said it signed a deal with Warwick Hotels & Resorts for the management of its new properties featuring 1,000 rooms in Saudi Arabia.

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2

COMMERCIAL LAUNCH IN 2020
Saudi’s PIF invests over $1bn in US electric carmaker

Saudi Arabia’s Public Investment Fund (PIF) has executed an investment agreement for more than $1 billion with US-based electric automaker Lucid Motors through a special-purpose vehicle wholly owned by PIF.

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3

SPOTLIGHT
New IMO regulations 'will impact oil export dynamics'

The new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO) will have a major impact on shippers and Gulf producers of crude oil, says a new report from Apicorp.

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4

TECHNOLOGY
Volvo Cars’ 360c: why fly when you can be driven?

Imagine a world in which you travel long distances without the need for airports. Instead, you can take your own first-class private cabin from door to door? It is this vision for the future of autonomous travel that Volvo Cars has revealed.

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5

IMAGE OF THE DAY
Stars shine at Oberpollinger launch

Top German models Vanessa Fuchs and Luisa Hartema at the grand opening of the new Oberpollinger ground floor 'Muenchens Neue Prachtmeile' in Munich, Germany on September 12. The top German department store opened it doors after a major revamp.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Alstom wins $848m Riyadh Metro network contract

Alstom, as a part of Flow consortium, has been awarded a contract worth more than €730 million ($848 million) from Arriyadh Development Authority (ADA) to provide operation and maintenance services for lines 3, 4, 5 and 6 of the Riyadh Metro network.

More…
Retail & Wholesale

Sacoor opens revamped store at The Dubai Mall

Portuguese fashion brand Sacoor Brothers has re-opened its flagship doors at The Dubai Mall with a fresh new concept and larger than life elements highlighting a blend of novelty and modernity.

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Energy, Oil & Gas

KBR, ConocoPhillips target mid-scale LNG solutions

US-based KBR, a global technology company, said that it is pursuing a new phase of joint development with ConocoPhillips LNG Licensing to provide low-cost and expedited mid-scale LNG solutions for the marketplace.

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Finance & Capital Market

Investcorp launches debut investment in China

Investcorp, a global provider and manager of alternative investment products, has announced its first private equity investment in China since its inception in 1982.

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Analysis, Interviews, Opinions

New IMO regulations 'will impact oil export dynamics'

The new fuel oil regulations for the shipping industry set by the International Maritime Organisation (IMO) will have a major impact on shippers and Gulf producers of crude oil, says a new report from Apicorp.

More…
Travel, Tourism & Hospitality

Designs Group, Warwick ink Saudi hotels deal

Designs Group, a key provider of integrated hotel solutions besides construction and management services, said it signed a deal with Warwick Hotels & Resorts for the management of its new properties featuring 1,000 rooms in Saudi Arabia.

More…
IT & Telecommunications

Nedaa to mark public safety network at Dubai event

Nedaa, the Dubai Government secure networks provider, will highlights its critical communications tactics in the public safety domain at the upcoming Critical Communications Mena (CCMENA) Conference and Exhibition in Dubai.

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Lifestyle

Robinsons to open second GCC outlet in Saudi Arabia

Robinsons Department Store, a major retail venture being operated by UAE-based Al Futtaim Group, has announced plans to open its second branch in the Gulf region at Riyadh, Saudi Arabia, following its successful opening in Dubai last year.

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Motoring

All-new Hyundai Santa Fe launched in UAE

South Korean automaker Hyundai has launched the all-new fourth-generation Santa Fe in the UAE, offering outstanding style and innovative technology.

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Health & Environment

Clinic for machine learning in health launched

US-based MIT and Community Jameel, the social enterprise organization founded and chaired by Mohammed Abdul Latif Jameel ’78, launched the Abdul Latif Jameel Clinic for Machine Learning in Health (J-Clinic) at MIT.

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Media & Promotion

Over $3.5bn spend to boost Mena film sector

More than $3.54 billion investment in cinema screens across the Gulf is expected to help the region’s cinema industry expand manifold, said organisers of the upcoming inaugural Mena Cinema Forum in Dubai, UAE.

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Education, HR & Training

Aldar Properties wins award for Emiratisation

Aldar Properties said it had won a prize at the Emirates Emiratisation Awards in the small company's category. The Abu Dhabi developer said 30 per cent of its overall workforce is Emiratis and of this nearly half are women.

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Miscellaneous

100 brands to showcase at Dubai franchise expo

Over 100 leading brands from 80 countries are expected to take part in the upcoming The Global Franchise Market Exhibition (TGFM), a top event for local, regional and international franchisors and brand owners, in Dubai, UAE.

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