Friday 22 March 2019

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PROGRAMME IMPACTS 4.4bn PEOPLE
Chinese firms to unveil $1 trillion BRI plans at Dubai forum

With more than 1,700 projects worth $1 trillion, China’s ambitious Belt and Road Initiative spanning across 70 countries in Asia, Europe and Africa, aims to positively impact 4.4 billion people, or 65 per cent of the world’s population.

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13.4-sq-km GREEN OASIS
Saudi Omrania wins contest to design world's largest city park

Omrania, a leading Saudi architectural and engineering consultancy practice, said it has won an international competition to design one of the kingdom's ambitious projects, King Salman Park, which is set to become the largest city park in the world.

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WORLD'S LARGEST UNIT
Enviroserve's e-waste recycling plant opens in Dubai

Dubai Industrial Park today officially inaugurated the world’s largest integrated electric and electronic waste (e-waste) recycling facility ‘The Recycling Hub’ by Enviroserve.

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ANALYSIS
Global economy growth to slow to 3.5pc in 2019: study

Annual global economic growth is forecast to decelerate to 3.5 per cent in 2019 and 2020, down from 3.7 per cent in 2018, said London-headquartered Euromonitor International, a global market research company in a new report.

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SPECIAL REPORT
US to lead oil supply growth over next 5 years: IEA

The US will drive global oil supply growth over the next five years thanks to the remarkable strength of its shale industry, triggering a rapid transformation of world oil markets, said the International Energy Agency (IEA) in a new report.

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NEWS IN PICTURES
Cricket fever

Emirates has revealed its ICC Cricket World Cup 2019 themed Emirates A380 livery in the build-up to one of the world’s most anticipated sporting events this year.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sabic signs deal with major Saudi building contractors

Sabic, a leading diversified petrochemicals company, has signed deals with nine construction contractors including Sendan International, Al Manar Arabian Corp, Zain Thermal and Third Chemical Engineering Construction Company of China.

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Retail & Wholesale

Emirates NBD, Dubai Mall celebrate spring in Fashion Avenue

The Dubai Mall and Emirates NBD have partnered together to celebrate the launch of the new Spring collections in Fashion Avenue in conjunction with M Woods at The Dubai Mall art exhibition.

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Energy, Oil & Gas

Taqa profits jump 149pc to $108m

Abu Dhabi National Energy (Taqa) has reported profit attributable to equity holders of the parent of Dh398 million ($108.35 million) for 2018, an increase of 149 percent year-on-year.

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Finance & Capital Market

Fintech 'will help improve financial health of people in Gulf'

FinTech will radically improve the financial health of the people of the Gulf through access to next-generation banking services, says Simon Galpin, managing director of Bahrain Economic Development Board.

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Analysis, Interviews, Opinions

Pets have a positive impact on health of owners: study

Dogs, cats and other pets have a positive impact on health, well-being and happiness on their owners, said a study conducted by research organization IPSOS on behalf of Boehringer Ingelheim, a global pharmaceutical company.

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Industry, Logistics & Shipping

Industries will benefit from space sector: experts

There is enormous potential for a wide range of industries to benefit from advances in space manufacturing and human space flight, according to experts speaking at the second day of Global Space Congress in Abu Dhabi, UAE.

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Travel, Tourism & Hospitality

Marriott opens two new hotels in Saudi Arabia

Marriott International is expanding its footprint in Saudi Arabia with the opening of two new hotels - Riyadh Marriott Hotel Diplomatic Quarter and Marriott Executive Apartments Riyadh, Diplomatic Quarter - in partnership with Dur Hospitality.

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IT & Telecommunications

Etisalat to distribute 80 fils per share dividends for 2018

UAE's leading telecoms services operator Etisalat said its shareholders have backed the board’s recommendation to distribute cash dividends (Dh0.80 per share) for full-year 2018 at the Annual General Meeting (AGM) held recently.

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Lifestyle

Khalil Al Hashimi brings his art to 'On the Wall'

Khalil Al Hashimi, a pioneer in sculpture and winner of the Merit Award at the first Ministry of Labour and Social Affairs Exhibition in Bahrain, will join the ‘On the Wall 2019’ show next month.

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Health & Environment

Enviroserve's e-waste recycling plant opens in Dubai

Dubai Industrial Park today officially inaugurated the world’s largest integrated electric and electronic waste (e-waste) recycling facility ‘The Recycling Hub’ by Enviroserve.

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Media & Promotion

Bahraini sculpture artist Khalil to shine at Interiors Expo

Leading Bahraini pioneer in sculpture Khalil Al Hashimi is joining the artists at On the Wall 2019, a dedicated event being held as part of Interiors Expo, the biggest integrated b-2-b showcase for the interiors sector in the Northern Gulf region.

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Education, HR & Training

Dubai Silicon Oasis Authority 2018 revenue up 42pc

Dubai Silicon Oasis Authority (DSOA) has achieved remarkable results for 2018 with a revenue of Dh577 million ($157 million), up 42 per cent over last year and a net profit of Dh292.4 million in comparison with Dh205.7 million the year before.

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Miscellaneous

Dubai govt workshop strengthens happiness value

Dubai Government Workshop recently organized the “Happiness Carnival” in cooperation with Grand Hyatt Group, with the participation of 40 institutes in private sectors, in celebration with the International Day of Happiness.

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