Saturday 25 February 2017

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INFRASTRUCTURE WORKS UNDERWAY
$643m Abu Dhabi residential project on track for 2019 launch

Abu Dhabi General Services Company (Musanada) said work was progressing well on its Dh2.5 billion ($643 million) residential development at Madinat Zayed in the UAE capital. It is due for completion by the end of 2019.

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EARLY WARNING RADAR SYSTEM
Raytheon lands $1.06bn Qatar air defence contract

US-based Raytheon, a major defence equipment manufacturer, has been awarded a $1.06 billion contract by Qatar government for an early warning radar system that will be integrated into the country's air and missile defence enterprise.

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2

SET FOR AUSTRALIA FORAY
Dubai group KBW launches Islamic real estate fund

KBW Investments, a UAE-based portfolio group active in key sectors including construction, manufacturing and engineering, has announced the launch of its premier flagship Sharia-compliant real estate investment fund (REIF)

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3

ANALYSIS
Reforms open window for new investment in Egypt

The current economic reforms in Egypt, in particular the draft investment law and the floatation of the pound, herald a new era for the country and present the time for business expansion and foreign investment, said an industry expert.

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SPECIAL REPORT
Seven Earth-size planets found, may hold life: Nasa

Nasa has found a solar nearby solar system with seven Earth-size planets, with three of them orbiting at the right distance for liquid surface water, enhancing the prospects of discovering extraterrestrial life.

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NEWS IN PICTURES
New formula

Britain's Lewis Hamilton (L) and Finland's Valtteri Bottas (R) unveil the new Mercedes W08 Formula One car and Mercedes-AMG Petronas driving team for the 2017 F1 Season at Silverstone, Northamptonshire, Britain on February 23.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Dubai group KBW launches Islamic real estate fund

KBW Investments, a UAE-based portfolio group active in key sectors including construction, manufacturing and engineering, has announced the launch of its premier flagship Sharia-compliant real estate investment fund (REIF)

More…
Retail & Wholesale

Gitex Shopper to feature exclusive offers

Savvy shoppers are gearing up for exclusive offers and unbeatable deals on the latest consumer tech products, as the region’s largest consumer electronics show, Gitex Shopper Spring 2017 returns to Dubai, UAE next month.

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Energy, Oil & Gas

Lebanon to go ahead with offshore gas licensing round

The Lebanese government is set to continue the first round of oil and gas tenders and award the contracts to the winning companies based on transparent standards, said a report, citing a senior minister.

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Finance & Capital Market

Al Baraka achieves $152m net income in 2016

Bahrain-based Al Baraka Banking Group, a leading Islamic banking group has announced a seven per cent increase in total operating income and 9 per cent increase in net operating income during 2016 compared with 2015.

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Analysis, Interviews, Opinions

Building the ship of the future

Ships of the future will have to be lighter, smarter, cleaner, more reliable, more efficient, and safer. Sounds like a tall order, but that’s where the industry is headed, say experts.

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Industry, Logistics & Shipping

Smart sustainability top priority for Dubai Investments

Dubai Investments, a leading, diversified investment company listed on the Dubai Financial Market, has joined forces with its subsidiaries to support environment and community as part of its Smart Sustainability initiative.

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Travel, Tourism & Hospitality

Haulotte plays key role in Jeddah airport project

Haulotte Group, a leading French aerial work platform manufacturer, said it has deployed its fleet of hitech equipment and machineries for Saudi government's ambitious King Abdul-Aziz International Airport project in Jeddah.

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IT & Telecommunications

Internet of Things ‘can revolutionise aviation’

Internet of Things (IoT) has the potential to revolutionise the operations of aircraft and passengers’ journey, as it would directly impact airports and airlines, a technology expert said.

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Lifestyle

Saudi women cosmetics market to grow 11pc

Aggressive advertising coupled with increasing disposable income will see the market of women cosmetics in Saudi Arabia grow at a compunded annual growth rate (CAGR) of over 11 per cent during 2017 - 2022, a report has revealed.

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Health & Environment

Transguard opens staff health clinic in Jebel Ali

UAE-based Transguard Group, a top business support services firm, and UAE healthcare provider Al Tadawi Medical Centre have opened a medical facility in Transguard’s employee accommodation facility in Jebel Ali.

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Media & Promotion

Bahrain Bay opens new waterfront walkway

Bahrain Bay, a $2.5-billion real estate development located on the north coastline of Manama, has announced the opening of the Promenade, a waterfront walkway inspired by locations such as Sydney (Australia) and Vancouver (Canada).

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Education, HR & Training

Alba signs MoU with Bahrain Polytechnic

Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, recently signed a Memorandum of Understanding (MoU) for co-operation with Bahrain Polytechnic.

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Miscellaneous

Raytheon lands $1.06bn Qatar air defence contract

US-based Raytheon, a major defence equipment manufacturer, has been awarded a $1.06 billion contract by Qatar government for an early warning radar system that will be integrated into the country's air and missile defence enterprise.

More…
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