0
CHINA FORUM
Meraas, Samanea sign deal for $272m mall in Dubai
Dubai-based Meraas and Singapore-based Chinese company Samanea Group have signed a memorandum of understanding (MoU) for the development of a Dh1-billion (272.26 million) mall near Dubai International City.
1
GOVT INITIATIVES WEIGH
Dubai forecasts 2.1pc real GDP growth in 2019
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are expected to drive the Emirate’s real GDP growth rate to reach 2.1 per cent in 2019.
2
7.9pc GROWTH SEEN
UAE’s logistics, distribution sectors hit $20.9bn
The total value of the UAE’s logistics and distribution sectors have grown to Dh76.78 billion ($20.90 billion) in 2017 and represent about 5.4 per cent of the Dh1.42 trillion ($386.5 billion) economy, according to the Annual Economic Report 2018.
3
ANALYSIS
Soft start for GCC IPOs, but expect rebound, says expert
The level of IPO activity in the GCC is expected to rebound compared to the levels seen in the first quarter as a number of companies in the region have indicated their intention to list in the next 12 to 18 months, said an industry expert.
4
ANALYSIS
GCC to see marginal economic growth in 2019: ICAEW
The GCC economy will be weighed down by renewed Opec-plus oil production cuts and lower oil prices, and is expected to post a marginal improvement of 2.3 per cent economic growth in 2019, said ICAEW’s latest Economic Insight report.
5
NEWS IN PICTURES
The Phantom of the Opera unmasked
Award-winning performer Jonathan Roxmouth will play the lead role of ‘The Phantom’ in the Middle East debut of the world’s most popular musical, The Phantom of the Opera, taking place in Dubai this October.
Top Trade News
 | Industry Sectors |
$76.5m Mohamed bin Zayed City roads project ready
Abu Dhabi General Services Company (Musanada) has announced the completion of 'Z35 Roads and Infrastructure Project’ valued at Dh280.7 million ($76.5 million) at Mohamed bin Zayed City, a media report said.
More…
PAN Emirates opens new store in The Mall at WTCAD
PAN Emirates Home Furnishings, a leading home-grown indoor, patio and outdoor furniture brand in the region, has launched a new store at The Mall at World Trade Center Abu Dhabi (The Mall at WTCAD).
More…
Top Masdar executive named Tabreed CEO
UAE-based district cooling company Tabreed has appointed Bader Saeed Al Lamki as its new chief executive effective April 21. An industry veteran, Al Lamki comes from Masdar, where he was the executive director of the Clean Energy Directorate.
More…
Dubai forecasts 2.1pc real GDP growth in 2019
Government-led policy initiatives and investments, improved growth prospects in trading partners, and preparation to host Expo 2020 Dubai are expected to drive the Emirate’s real GDP growth rate to reach 2.1 per cent in 2019.
More…
Bilingual communication most demanded skill in UAE
Most UAE employers are demanding ‘good communication in English and Arabic’ as well as ‘being a team player’ as top skills for their hires this year, according to research by Bayt.com and YouGov.
More…
UAE strategy aims to be leader in AI by 2031
The UAE Cabinet has adopted the National Artificial Intelligence Strategy 2031 that aims at positioning the UAE as a global leader in artificial intelligence by 2031.
More…
Time Hotels to open five new properties in ME
UAE-based Time Hotels has unveiled plans to open five new properties across the Middle East during 2019 – as it targets 35 properties by 2025. The properties will be unveiled during Arabian Travel Market 2019, which will take place in Dubai next week.
More…
Mena software spend tops $6 billion
The digital transformation of the Mena region’s small- and medium-sized enterprises and smart cities is driving regional software spend to top $6 billion, industry experts said.
More…
Maison Privee unveils new luxury hospitality concept
Maison Privee, the Dubai-based leading luxury vacation rentals provider has teamed up with specialist luxury lifestyle company, MyConcierge to offer guests a chance to experience what life is like for the city’s elite.
More…
EMC-CV, Erduman sign deal for bodywork solutions
Emirates Motor Company Commercial Vehicles (EMC CV) has entered into a new agreement with Erduman Automotive, a leading Turkish automotive bodywork company, for the manufacturing and conversion of people-mover vans and buses.
More…
Dr Batra launches first clinic in Abu Dhabi
Dr Batra’s Homeopathy, one of the world's largest chain of homoeopathic clinics, launched their first clinic in Abu Dhabi on World Homeopathy Day, April 10.
More…
Snapchat announces advertising partners for Commercials
Snapchat, a social media platform, has announced a line-up of advertising partners for the debut of Commercials. It is Snapchat’s six-second un-skippable ads that run across Snapchat Shows in the UAE and Saudi Arabia.
More…
Athena special education school to open in September
Athena Private School for Special Education, a new school in Bahrain for children with learning difficulties, will open its doors in September.
More…
Saudi Arabia, UAE announce $3bn support to Sudan
The UAE and Saudi Arabia have announced a joint initiative to support the people of Sudan. The initiative will see the delivery of $3 billion in assistance to the country.
More…
