Tuesday 22 January 2019

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INTELLIGENT POWER CENTRE
Saudi Aramco, Dewa in new smart energy collaboration

Saudi Aramco said it has inked a deal with Dubai Electricity & Water Authority (Dewa) to foster collaboration in new energy, smart grid applications and management of power supply and identify new opportunities within its businesses.

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ASSETS GROW 11.8pc
Mashreq posts $571.69m profit for 2018

Mashreq, one of the leading financial institutions in the UAE, today reported a net profit of Dh2.1 billion ($571.69 million) for 2018, a 0.4% increase year-on-year.

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2

DEEP TUNNEL STORM WATER SYSTEM
Dubai working on $1.76bn infrastructure projects

Dubai is currently implementing major development projects worth Dh6.5 billion ($1.76 billion) which include the Dubai Deep Tunnel Storm Water System (with a 110 cu m per minute capacity) and the world’s largest single waste-to-energy plant.

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3

MONEY MATTERS
Equities to outperform bonds in 2019: Barclays

Investors will be well served by leaning towards a diverse pool of developed and emerging market equities, while maintaining a well-diversified long-term core investment portfolio, said Barclays in a new report.

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4

SPOTLIGHT
Five top tips to raise an earth-friendly generation

The best earth-friendly practices require the cooperation of everyone, said an industry expert, explaining how to get the next generation to reduce, reuse, recycle and embrace the other basics of environmental responsibility.

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5

NEWS IN PICTURES
Light art

World-renowned light and street artist Karim Jabbari will be performing in Bahrain as part of the "Shop Bahrain" festival, which runs till February 2.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi’s Hyperloop ‘to cost $20m-$40m per km'

The world's first commercial hyperloop system, which is set to open in Abu Dhabi in 2020, will cost between $20 million to $40 million per kilometre, said Bibop Gresta, chairman of Hyperloop Transportation Technologies.

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Retail & Wholesale

Danish retailer JYSK launches furniture design contest

Danish retail chain JYSK, pronounced ‘yusk’, has launched a new competition to give aspiring designers the opportunity to have one of their creations made and sold in its stores and win Dh10,000 ($2,720) in the process.

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Energy, Oil & Gas

Masdar-led consortium wins $500m Saudi wind farm project

Abu Dhabi-based Masdar said its consortium with French renewable energy EDF Energies Nouvelles has been awarded the contract to build the $500-million Dumat Al Jandal project, the first utility-scale wind farm in Saudi Arabia.

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Finance & Capital Market

Emirates NBD 2018 profit surges 20pc to record $2.72bn

Dubai-based Emirates NBD, a leading bank in the region, has posted a record net profit of Dh10 billion ($2.72 billion) for 2018, marking a 20 per cent year-on-year growth.

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Analysis, Interviews, Opinions

Three reasons the future is all electric

The energy system shows major limitations as the world’s development accelerates at an ever-faster pace, said an industry expert, listing three reasons the future is all electric.

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Industry, Logistics & Shipping

Abu Dhabi’s Hyperloop ‘to cost $20m-$40m per km'

The world's first commercial hyperloop system, which is set to open in Abu Dhabi in 2020, will cost between $20 million to $40 million per kilometre, said Bibop Gresta, chairman of Hyperloop Transportation Technologies.

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Travel, Tourism & Hospitality

Air Arabia Egypt launches new flights to Jordan

Air Arabia Egypt has started new direct flights connecting Sharm El Sheikh to Amman, the capital city of Jordan. The flight operates twice a week, on every Sunday and Wednesday.

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IT & Telecommunications

MEA wireless headsets market ‘to top $890m by 2023’

The Middle East & Africa wireless headsets market is projected to reach $894 million by 2023, according to a new report by TechSci Research, a research based global management consulting firm.

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Lifestyle

Rapport London products now in Dubai

The finest luxury watch accessories, jewellery boxes and timeless horological gifts are now available at Ahmed Seddiqi & Sons in Dubai Mall, following an exclusive partnership with British retailer, Rapport London.

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Motoring

Nissan unveils LEAF e+, expands power, range

Japanese automaker Nissan today (January 9) unveiled the Nissan LEAF e+, further broadening the appeal of the world’s best-selling electric car by offering a new powertrain with additional power and range.

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Health & Environment

Arzan plays key role in US medical office building deal

Dubai-based Arzan Wealth said it has played a key advisory role on the purchase of a portfolio of four micro-hospitals and medical office buildings leased to a joint venture between Integris Health and Emerus Holdings located in Oklahoma, US.

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Media & Promotion

ABC Bahrain sets record; generates 5m business referrals in 2018

Bahrain-based Arabian Business Community (ABC) has generated a record 5 million business referrals to companies in 2018. ABC, the go-to resource for company and contact information, has 14 databases covering the entire GCC region.

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Education, HR & Training

Tecom elevates three Emirati women to leadership roles

Tecom Group, a member of top UAE investment conglomerate Dubai Holding, has announced the appointment of three Emirati women - Khadija Al Bastaki, Hanan Huwair AlZarooni and Buthaina AlMulla - from within the organisation to the leadership roles.

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Miscellaneous

US Army announces start of big Syria withdrawal

The US military has begun withdrawing troops from Syria, initiating a drawdown that has blindsided allies and sparked a scramble for control of the areas that American troops will leave. The US has 2,000 troops in the country, said a report.

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