Saturday 23 September 2017

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FINANCIAL RESTRUCTURING
Saudi to introduce bankruptcy law early next year

Saudi Arabia is set to introduce a bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, said a report citing the kingdom's commerce minister.

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BOOST TO AEROSPACE TIES
Turkish Airlines to buy 40 787-9 Dreamliners

Turkish Airlines has announced a commitment to order 40 787-9 Dreamliner planes from Boeing during Turkish President Recep Tayyip Erdoğan’s visit to New York to join the United Nations General Assembly, an airline statement said.

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2

'UNCERTAINTY FADING'
Global economic growth to forecast to hit 3.5pc

The global economy started 2017 strong with real GDP growth gaining momentum and rising to 3.6 per cent in Q1 2017 and the previous uncertainty surrounding the global growth forecast receded since May 2017, says a report.

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3

ANALYSIS
Six actions to empower women leaders of tomorrow

GCC organizations can fully embrace gender diversity and further develop the future leaders of tomorrow, said a report from global management consulting firm BCG, highlighting six Imperatives to empower women leaders of tomorrow.

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4

SPOTLIGHT
Impact Investing: do good and do well

The need is immense in terms of infrastructure, jobs and capacity building in our neighbourhood. Impact investments provide both ROI as well as the social return, writes Shainoor Khoja, MD, Foundation Holdings’ Value Healthcare Platform.

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5

NEWS IN PICTURES
Car of the future

Audi has launched its four-door design vision Audi Aicon, presenting an autonomous Audi of the future – with no steering wheel or pedals.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Emaar to develop waterfront homes, hotel in Dubai Harbour

Emaar Properties has announced that it will develop about 10 million sq ft of waterfront residences and a brand-new hotel project at Dubai Harbour, the 20 million sq ft destination developed by Meraas.

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Retail & Wholesale

Google and HTC sign $1.1bn cooperation agreement

Alphabet subsidiary Google and smartphone maker HTC have signed a $1.1 billion cooperation agreement under which Google will acquire a team of HTC employees, as well as licenses to some of the Taiwanese company's intellectual property.

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Energy, Oil & Gas

UK to start $700m sukuk trial without Dana Gas

A high-profile London High Court trial over a $700 million Islamic bond issued by UAE-based energy firm Dana Gas will go ahead next week despite a UAE court injunction preventing the company from taking part in it, said a report.

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Finance & Capital Market

Saudi to introduce bankruptcy law early next year

Saudi Arabia is set to introduce a bankruptcy law early next year as part of efforts to attract foreign investment and encourage private sector activity, said a report citing the kingdom's commerce minister.

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Analysis, Interviews, Opinions

Six actions to empower women leaders of tomorrow

GCC organizations can fully embrace gender diversity and further develop the future leaders of tomorrow, said a report from global management consulting firm BCG, highlighting six Imperatives to empower women leaders of tomorrow.

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Industry, Logistics & Shipping

Dafza firms to get dual licences for Dubai operations

The Dubai Airport Freezone Authority (Dafza) has signed an agreement with the Department of Economic Development in Dubai to allow Dafza’s hosted companies to obtain dual licences to operate across the emirate.

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Travel, Tourism & Hospitality

Jazeera Airways unveils biggest sales promotion

Jazeera Airways, a leading Kuwait-based budget airline, has launched its biggest-ever promotion offering 100,000 tickets across its global network at 50 per cent discount with one-way ticket prices ranging from KD17 ($56.2) onwards.

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IT & Telecommunications
Motoring

SAIC, Taajeer partner for MG re-launch in Saudi

International car manufacturer SAIC Motor and Saudi automotive services company Taajeer Group have partnered to re-launch the MG brand in the kingdom with a refreshed new line-up of models.

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Health & Environment

Dubai Science Park sets blueprint for pharma sector

Dubai Science Park (DSP), the region’s first business community dedicated to science sector, has partnered with Dubai Executive Council to help boost opportunities in the emirate’s pharmaceutical and medical equipment industry.

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Media & Promotion

King Fahd Stadium gears up for National Day celebrations

Saudi General Entertainment Authority (GEA) has announced that King Fahd Stadium will open its doors to both families and singles for the grand “National Epic” event being held tonight to celebrate the country's 87th National Day.

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Education, HR & Training

Sharjah's research park ties up with Chinese group

Sharjah's Research, Technology, and Innovation Park said it has signed an agreement with the China Arab International Technology Transfer Company towards development of a new centre for technology transfer and help forge newer partnerships.

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Miscellaneous

DIFC to set up new unit for construction disputes

Dubai International Financial Centre (DIFC) Courts plans to set up a new division mainly to resolve complex technology and construction disputes such as claims arising out of fire accidents and complicated engineering rows.

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