Sunday 18 February 2018

0

ALLIANCE LIKELY BY 2018-END
Opec giants plan super group to stabilise oil market

Plans for a super group of oil producing countries could be in place by year-end as Opec works to institutionalise the ongoing collaboration between 24 member and non-member nations that has helped crude prices to recover, said a report.

more…

1

AIR PASSENGERS UP 6pc
Global demand for private jets to hit 28,000

With the global air passenger numbers likely to hit a whopping 4.3 billion this year, the demand for private jets will peak to a new high with the industry needing more than 21,000 aircraft to cater to the passenger boom, said a report.

more…

2

VISITOR NUMBERS SURGE 36pc
Abu Dhabi sporting events generate $545m in 2017

The value of economic gains from Abu Dhabi’s hosting of major international sporting events reached $545.5 million in 2017, the Abu Dhabi Sports Council said, highlighting an increase of 35.9 per cent in the number of visitors.

more…

3

TECHNOLOGY
Future of superintelligence far from clear: Futurist

Superintelligence is coming and it could extinguish the human race, but there is little governments can do now to control it, said a futurist on the closing day of the sixth World Government Summit (WGS 2018) in Dubai, UAE.

more…

4

ANALYSIS
GCC family businesses confident of prospects for 2018

The GCC’s family businesses have shown confidence in their prospects for 2018, as they begin to adapt to the “new norm” of lower oil prices and the impact of geopolitical developments, said KPMG in a new report.

more…

5

NEWS IN PICTURES
DXB welcomes Year of Dog

Dubai International Airport (DXB) has started a week-long celebration of Chinese New Year. Welcoming the Year of the Dog, passengers at DXB will be treated to rousing performances by artists from Dubai Parks and Resorts.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Balfour Beatty JV completes major UK bridge

Balfour Beatty, a leading international infrastructure group, in partnership with Skanska and Costain, has successfully completed the second of 34 bridges and main structures on the UK’s biggest road project.

More…
Retail & Wholesale

Global players vie for $1.5bn ME leather goods market

International players in the fine leather products sector will out in force at the upcoming Leatherworld Middle East 2018 expo in Dubai for a piece of the $1.5-billion regional luxury goods market, said a report.

More…
Energy, Oil & Gas

Opec giants plan super group to stabilise oil market

Plans for a super group of oil producing countries could be in place by year-end as Opec works to institutionalise the ongoing collaboration between 24 member and non-member nations that has helped crude prices to recover, said a report.

More…
Finance & Capital Market

Al Mal Capital named lead manager for Emicool IPO

Dubai Investments, a leading diversified investment company, has signed up Al Mal Capital, a prominent financial institution, as the lead manager for the initial public offering (IPO) of its subsidiary Emirates District Cooling (Emicool).

More…
Analysis, Interviews, Opinions

Saudi growth recovers on high oil prices: report

Saudi Arabia’s economic activity has bottomed out as high oil prices are allowing implementation of looser fiscal policy and containing near-term fiscal deterioration, said the Bank of America Merrill Lynch (BofAML) in a new report.

More…
Industry, Logistics & Shipping

Saudi industrial boilers market eyes 5pc revenue growth

Saudi Arabia's industrial boilers market revenue is projected to grow at a CAGR of 5 per cent over the next six years, mainly due to the rapid industrialisation as well as increasing emphasis on development of downstream petroleum sector.

More…
Travel, Tourism & Hospitality

Global demand for private jets to hit 28,000

With the global air passenger numbers likely to hit a whopping 4.3 billion this year, the demand for private jets will peak to a new high with the industry needing more than 21,000 aircraft to cater to the passenger boom, said a report.

More…
IT & Telecommunications

Avanti, GRC ink EMEA defence communications deal

Avanti, a major player in satellite data communications services in Europe, Middle East and Africa (EMEA), has signed up Global Radiodata Communications to provide high speed Ka-band satellite communications for defence and commercial operations.

More…
Motoring

Jaguar Land Rover to set up new HQ in Dubai

Jaguar Land Rover Limited Mena has reached an agreement with Dubai Silicon Oasis Authority (DSOA) to set up its new regional headquarters at the emirate's integrated free zone technology park.

More…
Health & Environment

Bahrain Dialysis Centre project enters fast-track

Work is under way to complete the internal and external finishing works at the Bahrain Dialysis Centre project, coming up in the Hunainiya area of the kingdom, along with the other related electrical and mechanical works.

More…
Media & Promotion

Emaar ushers in Chinese New Year with dazzling Light Up show

Leading developer Emaar Properties ushered in the Chinese New Year in Dubai with a dazzling dragon-themed ‘Light Up’ show on the iconic Burj Khalifa, joining the over 1.39 billion Chinese nationals across the world.

More…
Education, HR & Training

HCT website named UAE’s top-ranked varsity site

The Higher Colleges of Technology’s (HCT) corporate website has been ranked the top interactive platform among UAE-based colleges by the international 'uniRank' (university ranking) service in its 2018 Emirati University Ranking.

More…
Miscellaneous

UAE Space Agency, South Australia sign cooperation deal

The UAE Space Agency signed a MoU with the Government of South Australia to set up a framework for joint cooperation in the exploration and utilisation of outer space and the exchange of information, scientific research and space technology.

More…
Live rates widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events