Wednesday 29 March 2017

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60pc GROWTH BY 2021
UAE healthcare market on track to top $28bn

A shift in demand for preventive care, a rise in specialist services and digital health will drive the UAE healthcare market to surge from the current Dh64 billion ($17 billion) to over Dh103 billion ($28 billion) by 2021, a report said.

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'DISRUPTION SEVERE'
Iata calls for alternatives to electronic device ban

The International Air Transport Association (Iata) called on governments to urgently find alternatives to recent measures by the US and the UK to restrict the carry-on of large electronic items on certain flights departing the Mena region.

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$900m TRANSACTION
Qatari fund to sell 40pc stake in Santander Brasil

Qatar Investment Authority (QIA), the country's sovereign wealth fund has announced plans to sell its 40 per cent stake worth as much as $900 million in Santander Brasil, the Brazilian unit of top Spanish bank Santander.

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3

ANALYSIS
Trump flouts green concerns; lifts freeze on coal

US President Donald Trump’s latest executive order will mean some swift changes in areas such as lifting the coal moratorium, no longer factoring in climate change in environmental reviews, and changing the social cost of carbon.

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4

SPECIAL REPORT
Geopolitical flux hits GCC IPO market in 2016

While volatile oil prices and geopolitical uncertainties continued to take centrestage in 2016, the region witnessed weak performances in the IPO segment in terms of number of offerings and raising of total proceeds, a report said.

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NEWS IN PICTURES
Brexit time

British political satire artist Kay Mar stands outside Downing Street with his Article 50 painting in London. Prime Minister Theresa May will set out the UK's intention to withdraw from the EU in a statement to parliament today.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Middle East Concrete & PMV Live back in new format

Leading construction expos Middle East Concrete and PMV Live will be back next year in a new format as The Big 5 Heavy catering to key sectors of concrete, PMV, roadworks, mining and building materials manufacturing.

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Retail & Wholesale

Souq.com brings back the biggest sale of the season

Souq.com, the largest online retail and marketplace platform in the Middle East, has announced the return of its ‘Everything For You Sale’.

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Energy, Oil & Gas

UAE cuts oil output by 200,000bpd: minister

The UAE reduced its oil production by nearly 200,000 barrels per day this month due to maintenance works, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, said.

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Finance & Capital Market

Dubai ‘could become first Blockchain powered city’

Dubai is rapidly moving toward implementing Blockchain technology, which offers speedy and cost-effective transactions, and reaching its target of becoming the first Blockchain powered city by 2020, a senior IT expert has said.

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Analysis, Interviews, Opinions

EM consumer confidence improves in 2017

Consumer confidence across a group of emerging markets has improved from a year ago as the global economic outlook has perked up, stock markets have risen and pressure has eased on countries sensitive to commodity prices, a report said.

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Industry, Logistics & Shipping

Agthia completes acquisition of Delta Water in Saudi

Agthia Group, a leading food and beverage group in the UAE, has completed its acquisition of the water business of Delta Marketing Company, providing Agthia with a fully-fledged water business in Saudi Arabia.

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Travel, Tourism & Hospitality

Iata calls for alternatives to electronic device ban

The International Air Transport Association (Iata) called on governments to urgently find alternatives to recent measures by the US and the UK to restrict the carry-on of large electronic items on certain flights departing the Mena region.

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IT & Telecommunications

Smart Dubai outlines artificial intelligence roadmap

Smart Dubai Office (SDO) hosted a one-day workshop for executives from various government agencies to update them on Dubai’s artificial intelligence service, Saad and outline a development roadmap for artificial intelligence in Dubai.

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Lifestyle
Motoring

Al Khaldi Transport buys 539 Mercedes-Benz trucks

Daimler Commercial Vehicles Mena FZE and Juffali Industrial Products Company (Jipco) have concluded a major deal of 539 Mercedes-Benz trucks with the customer Al Khaldi Transport from Dammam.

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Health & Environment
Media & Promotion

Majid Al Futtaim Cinemas to open 3 more Imax theatres

Imax Corporation and Majid Al Futtaim Cinemas, the operator of VOX Cinemas and the largest exhibitor in the Middle East, have announced a hybrid joint revenue share agreement for three Imax theatres to be located in Bahrain and the UAE.

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Education, HR & Training

Rosatom, Russian universities visit Egypt

Representatives of Rosatom, the atomic energy corporation in Russia, and Russian universities visited major universities of Egypt recently and discussed opportunities for cooperation and development of educational programmes.

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Miscellaneous

FIA Formula 2 test set to open in Bahrain

The second pre-season test of the 2017 FIA Formula 2 Championship kicks off tomorrow, with another three-day session taking place this time at the Bahrain International Circuit in Sakhir, Bahrain.

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