Monday 27 May 2019

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KEY AREAS TARGETED
UAE Cabinet agrees national strategy for advanced skills

The UAE Cabinet yesterday (May 26) approved the Strategy for the Advanced Skills National Programme which includes strategic objectives to position the UAE as a world leader in the field of advanced skilled development.

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ENERGY, UTILITY TOP SECTORS
Saudi Arabia awards $13.3bn project contracts in Q1

Saudi Arabia's construction industry witnessed a strong uptick during the first quarter on the back of SR48.9 billion ($13.3 billion) worth of awarded contracts mainly in the oil and gas, water and transportation sectors, said a report.

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2

RICHEST HAVE $70 TRILLION
Mideast HNWI wealth to grow 6pc: report

The wealth of high-net worth individuals (HNWIs) in the Middle East and Africa (MEA) region is likely to grow at 6 per cent annually over the next five years, according to a report.

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3

ANALYSIS
Crude oil succumbs to growth concerns, but tightness persists

The month of May went from bad to worse as the trade war rethoric between the US and China moved up a notch, said an industry expert, adding that commodities, dependant on growth and demand, took fright.

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4

SPECIAL REPORT
Use of grocery apps ‘likely to rise during Ramadan’

Almost three in five UAE residents (58 per cent) think their usage of grocery apps is likely to increase during Ramadan, said YouGov, a global Internet-based market research and data analytics firm in a new report.

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5

NEWS IN PICTURES
Well of Hope

Dubai Culture, in partnership with The Dubai Mall, recently participated in a 'Well of Hope' competition, in which it managed to pump 17,707 litres of water, amounting to 1,180 bottles, to be donated to the needy and people living in remote areas.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi Arabia awards $13.3bn project contracts in Q1

Saudi Arabia's construction industry witnessed a strong uptick during the first quarter on the back of SR48.9 billion ($13.3 billion) worth of awarded contracts mainly in the oil and gas, water and transportation sectors, said a report.

More…
Retail & Wholesale

UAE e-retailer Shopinc launches Ramadan Night Market

UAE-based online retailer Shopinc.com said it has launched a virtual Ramadan Night Market offering customers a 10 per cent discount on essential purchases when they shop between iftar and suhour.

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Energy, Oil & Gas

Bahrain LNG terminal likely to start operations in Q3

Teekay LNG Partners, one of the world’s largest marine energy transportation companies, said the start-up of its joint venture liquefied natural gas (LNG) import terminal in Bahrain has been delayed to the third quarter of this year from May.

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Finance & Capital Market

Ithmaar Bank launches biometric ATM network

Ithmaar Bank, a Bahrain-based Islamic retail bank said that it has successfully launched the region’s first biometric-enabled Automated Teller Machine (ATM) network.

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Analysis, Interviews, Opinions

Crude oil succumbs to growth concerns, but tightness persists

The month of May went from bad to worse as the trade war rethoric between the US and China moved up a notch, said an industry expert, adding that commodities, dependant on growth and demand, took fright.

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Industry, Logistics & Shipping

Abu Dhabi's Borouge plans to set up new production unit

Abu Dhabi Polymers Company (Borouge) has announced plans to significantly boost production of pre-compounded black polyethylene for pressure pipe applications by investing in a production unit which will be ready by next year.

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Travel, Tourism & Hospitality
IT & Telecommunications

Huawei will move ahead despite US action: Founder

Huawei, a leading provider of information and communications technology (ICT) infrastructure and smart devices, is in a strong position to move ahead despite recent actions in the US, its founder Ren Zhengfei has reiterated.

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Lifestyle

Black Tap announces home delivery service

Popular New York-inspired dining venue, Black Tap, has launched its home delivery service in collaboration with food-delivery platforms Talabat and Hunger Station.

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Motoring

Renault logs 3.54pc market share in ME in Q1

Renault Middle East has achieved 3.54 per cent market share in the Middle East during the first quarter of the year, a growth of +0.53 points in comparison to the same period in 2018.

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Health & Environment

Bahrain invites bids for construction of medical centre

Bahraini authorities have invited tenders from leading contractors for the construction of a healthcare centre that can accommodate nearly 360 patients within the 17,244-sq-m facility in the Madinat Khalifa area of the kingdom.

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Media & Promotion

Eid holidays from June 3 for UAE private sector

The Eid Al Fitr holidays for the private sector will begin on Monday (June 3) until 3rd of Shawwal, with work to resume on 4th of Shawwal, the Ministry of Human Resources and Emiratisation has announced.

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Education, HR & Training
Miscellaneous

Bahrain PM congratulates Modi on big election win

Bahrain Prime Minister HRH Prince Khalifa bin Salman Al Khalifa sent a cable of congratulations to Indian Premier Narendra Modi over his party BJP’s tremendous victory in the recent national elections.

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