Monday 24 September 2018

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TWIN-BUILDING HOUSING COMPLEX
Nakheel awards $150m Dragon City tower contract

Master developer Nakheel has awarded a Dh552-million ($150 million) contract for the construction of Dragon Towers, its new, twin-building residential complex coming up at Dubai’s rapidly-expanding Dragon City mixed-use community.

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39,000 INVESTORS SERVED
Dubai real estate transactions top $35bn in 8 months

Dubai Land Department (DLD) said that its service centres across the emirate have served more than 39,000 investors, after helping them complete their investments with a total value of Dh131 billion ($35.6 billion) from January to August.

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2

US MASTERS BEHIND ATTACK: ZARIF
Gunmen hit Iranian military parade; 29 killed, many injured

Gunmen attacked an annual Iranian military parade on Saturday in the country's oil-rich southwest, killing at least 29 people, which included both military personnel and civilians and wounding 53 others, said local media reports.

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3

ANALYSIS
Saving time and money top reasons to use AI

Fifty-eight per cent of respondents to a survey by research advisory Gartner said they would use AI if it helps them save time by taking over some tasks, while 53 per cent said they would use AI if it helps them save money.

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4

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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NEWS IN PICTURES
Cake record!

Betty Crocker, a leading brand of dessert mixes from General Mills, created a new Guinness World Records for baking the largest mug cake mosaic as part of the celebrations marking Saudi Arabia's 88th National Day.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Emaar showcases Spanish-style villas model in Dubai

Emaar Development, the build-to-sell property development business owned by top developer Emaar, is showcasing a fully-furnished Spanish coast-influenced Samara villa in Arabian Ranches 2 in Dubai to potential customers.

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Retail & Wholesale

Al Araimi Boulevard appoints new CEO

Al Araimi Boulevard (ABLVD), one of Oman’s largest upcoming shopping, entertainment and lifestyle destinations, and one of the Al Raid Group ventures, has appointed Haifer Juma Hussain Al Zadjali as its new CEO.

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Energy, Oil & Gas

Gastech 2018 draws 500 global giants, record visitors

Gastech 2018, a leading event for gas and LNG sector, ended on a successful note in Barcelona, Spain, bringing together 500 top firms and a record number of visitors from across the upstream, midstream and downstream gas industries worldwide.

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Finance & Capital Market

Saudi Arabia unveils over $183bn development projects

Saudi Arabia has announced 10 major projects and development programmes worth more than SR685 billion ($183 billion) in a major boost to the kingdom's economy, as it celebrates its 88th National Day.

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Analysis, Interviews, Opinions

Saving time and money top reasons to use AI

Fifty-eight per cent of respondents to a survey by research advisory Gartner said they would use AI if it helps them save time by taking over some tasks, while 53 per cent said they would use AI if it helps them save money.

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Industry, Logistics & Shipping

Mubadala H1 group profit nears $3bn

Mubadala, the Abu Dhabi-based investment and development company, reported a group profit of Dh10.9 billion ($2.9 billion) for the first half of 2018, driven by revenues from public equities and petroleum companies.

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IT & Telecommunications

Oman Data Park CEO wins big at AIWA awards

Oman Data Park, the first localised cloud service provider in the sultanate, said its CEO Maqbool Al Wahaibi has been named as the Technology Person of the Year at the annual AIWA Awards held in capital Muscat.

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Lifestyle

Dubai Hills Estate completes work on 18-hole golf course

Leading developers Meraas and Emaar said work has been completed on its 18-hole championship golf course located within the lush lifestyle destination Dubai Hills Estate. It is set on a 1.2- million-sq-m area (the size of 63 football fields).

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Motoring

UAE Transport Authority partners with top Irish institute

The UAE Federal Transport Authority-Land and Maritime (FTA) said it has signed an agreement with Ireland-based Cork Institute of Technology to help implement collaborative programmes and research projects.

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Health & Environment

Abu Dhabi's Seha gets new Group CEO

Abu Dhabi Health Services Company (Seha) has appointed Dr Gareth Goodier as the new Group CEO. Dr Goodier has three decades of experience, having worked in senior management positions across Europe and Australia.

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Media & Promotion

Brunswick Group names Abu Dhabi office head

Brunswick Group, a global advisory firm specialising in critical issues and corporate relations, has promoted Heather Salmond as the head of its Abu Dhabi office. She joined the group in 2012 as a partner based in the UAE.

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Education, HR & Training

Abu Dhabi completes $111m new school projects

Abu Dhabi General Services Company (Musanada) said it has completed the construction of three new schools at an investment of Dh407 million ($111 million). It will provide 187 classrooms and can accommodate 4,985 male and female students.

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Miscellaneous

Gunmen hit Iranian military parade; 29 killed, many injured

Gunmen attacked an annual Iranian military parade on Saturday in the country's oil-rich southwest, killing at least 29 people, which included both military personnel and civilians and wounding 53 others, said local media reports.

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