Wednesday 22 November 2017

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INFRASTRUCTURE UPGRADE
Thales wins big Egypt rail project contract

Global technology leader Thales said it has secured a three-year contract from Egypt National Railways for the modernisation of its signalling systems and works related to a 180-km section of rail line between two key cities.

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70-km DEEP TUNNEL
Dubai starts exploratory work on $3.3bn sewerage project

Dubai Municipality has begun geotechnical investigation for a Dh12-billion ($3.26 billion) deep tunnel sewerage project that will cover key catchment areas of Deira and Bur Dubai through a 70-km tunnel network in the city.

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2

$457m CREDIT FACILITY SIGNED
Group to invest $1.2bn in Abu Dhabi’s Reem Mall

The consortium behind Abu Dhabi’s Reem Mall announced today that financing for the $1.2-billion project is now complete, with the signing of the largest real estate asset based facility in the UAE.

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3

ANALYSIS
Technology to change the way we shop in 2030

Automation, customisation and big data are some of the trends expected to change the way consumers shop in the future, said global real estate services firm CBRE in a new report highlighting insights for the retail landscape in 2030.

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4

ANALYSIS
Fake news ‘as a service’ on the rise: study

Criminals are increasingly exploiting the growth of ‘fake news’ for commercial gain, a report said, revealing the growth of toolkits and services – available for just $7 – that are designed to cause financial damage for companies.

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5

NEWS IN PICTURES
Gulf Air marks 50 years of Bahrain-Paris route

Marking the 50th anniversary of its Bahrain-Paris route, Gulf Air, the national carrier of Bahrain, recently flew a number of GCC media representatives to Paris on a familiarization trip jointly hosted by Shangri-La Hotel, Paris.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Dubai starts exploratory work on $3.3bn sewerage project

Dubai Municipality has begun geotechnical investigation for a Dh12-billion ($3.26 billion) deep tunnel sewerage project that will cover key catchment areas of Deira and Bur Dubai through a 70-km tunnel network in the city.

More…
Retail & Wholesale

Group to invest $1.2bn in Abu Dhabi’s Reem Mall

The consortium behind Abu Dhabi’s Reem Mall announced today that financing for the $1.2-billion project is now complete, with the signing of the largest real estate asset based facility in the UAE.

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Energy, Oil & Gas

Bahrain's fuel tank construction work on track

Jet Fuel Company (BJFCo), a joint venture between nogaholding and Bahrain Airport Company (BAC), said work is progressing well on the construction of its fuel tanks and will be ready by the first quarter of 2019.

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Finance & Capital Market

Saudi gets top currency credit ratings, stable outlook

S&P Global Ratings has affirmed its 'A-/A-2' unsolicited long- and short-term foreign and local currency sovereign credit ratings on Saudi Arabia with a stable outlook.

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Analysis, Interviews, Opinions

Technology to change the way we shop in 2030

Automation, customisation and big data are some of the trends expected to change the way consumers shop in the future, said global real estate services firm CBRE in a new report highlighting insights for the retail landscape in 2030.

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Industry, Logistics & Shipping

Honeywell launches new connected gas detector in Mideast

Honeywell has launched a new connected gas detector in the Middle East, designed to keep industrial operations safe while making set-up, maintenance and compliance reporting faster and easier by leveraging Bluetooth connectivity.

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Travel, Tourism & Hospitality

Dubai to have region’s first Banyan Tree residences

Top hospitality brand Banyan Tree has partnered with UAE developer Sweid & Sweid to set up its first residential project in the region - a 32-storey tower - in Dubai. It is being built at an estimated cost of Dh600 million ($163 million).

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IT & Telecommunications

Batelco chairman meets top Guernsey officials

Batelco Chairman Shaikh Mohamed bin Khalifa Al Khalifa and senior Batelco officials recently met with Guernsey government officials to discuss the company's unwavering commitment to Guernsey.

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Lifestyle

New Bentley Bentayga for Middle East

Bentley Motors has introduced a special new version of its luxury SUV, the Bentayga, designed especially for the Middle East following feedback from customers in the region.

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Motoring

Emirates Transport unit awards $14m contracts

Emirates Transport, the government-owned public transport provider in the UAE, said one of its key units has signed contracts worth Dh48 million ($13.6 million) with a number of local and federal government entities.

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Health & Environment

Dubai launches stem cell therapy for joint disease

Bioscience Clinic, located in Dubai Healthcare City has launched its latest innovative therapy for treatment of joint disease, becoming the first to use stem cells taken from adipose tissue in a variety of clinical applications.

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Media & Promotion

Bahrain to invite Expo City bids in Q1

Bahrain's government will start inviting bids for the construction of its ambitious exhibition and convention city project during the first quarter of 2018, said a report, citing senior officials.

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Education, HR & Training

Switzerland, Singapore top global knowledge ranking

Switzerland, Singapore and Finland won top global rankings in the first Global Knowledge Index, launched by the Mohammed Bin Rashid Al Maktoum Foundation in collaboration with the United Nations Development Program (UNDP).

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Miscellaneous

Cornish Kern from UK is world cheese champion

Cornish Kern, an alpine-style cheese made by the UK’s Lynher Dairies Cheese Company, has been crowned World Champion Cheese at the 30th annual World Cheese Awards, after just a few years in development.

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