Wednesday 28 September 2016

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35-YEAR CONCESSION
China's Cosco wins Abu Dhabi container terminal deal

Abu Dhabi Ports has awarded China's Cosco Shipping a 35-year concession to build and operate a new container terminal at Khalifa Port, the chief executive of the Abu Dhabi company told Reuters on Wednesday.

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1

COMPETING WITH BROKERS
Uber targets freight, trucking businesses

With its recent acquisition of self-driving truck startup Otto, Uber Technologies is plotting its entry into the long-haul trucking business, aiming to establish itself as a freight hauler and a technology partner for the industry.

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2

16th PLACE GLOBALLY
UAE tops in competitiveness in region

The UAE was ranked first regionally and 16th globally in the latest Global Competitiveness Report issued by the World Economic Forum (Davos) in Switzerland.

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3

SPECIAL REPORT
Saudi sends strong message with cut in wage, benefit bill

Saudi monarch King Salman bin Abdulaziz Al Saud's decision to slash ministerial pay by a fifth reflects the kingdom's resolve to nudge its citizens into tolerating a fall in living standards at a time of low oil prices.

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4

TECHNOLOGY
Nissan develops autonomous chair for queues

Nissan today unveiled an autonomous chair for people who can’t stand queuing -- the latest in a series of innovations designed to bring the benefits of its Intelligent Mobility blueprint to the daily lives of customers.

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5

NEWS IN PICTURES
Yemenis mark World Tourism Day

Yemenis perform as three grooms (R) stand in front of the Dar al-Hajar (Rock Palace), north of Sana'a on September 26. The United Nations World Tourism Day will be observed today.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain starts work on $483m sewerage project

Work has started on a BD185-million ($483 million) sewerage network project in Bahrain which will see the extension of 680-m-long main connections to link 52 residential units in the Muqaba area of the kingdom to the network.

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Retail & Wholesale

Oman signs deal to set up Iranian Bazaar

Oman and Iran have signed an agreement to establish Iranian Bazaar showcasing a variety of Iranian products in the wilayat of Barka in South Batinah, a report said.

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Energy, Oil & Gas

GE Oil & Gas signs landmark deal with PDO

GE Oil & Gas has signed a landmark long-term, multi-million-dollar contract with Petroleum Development Oman for the provision of progressive cavity pump equipment (PCP) and related services commencing in the third quarter of 2016.

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Finance & Capital Market

Abraaj Group acquires stake in Mexican fashion footwear firm

The Abraaj Group, a leading investor operating in global growth markets, has announced the acquisition, through its funds, of a significant minority stake in Capa de Ozono, a leading fashion footwear designer and distributor in Mexico.

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Analysis, Interviews, Opinions

Majority of UK CEOs mull moving ops abroad post-Brexit

Three-quarters of British company bosses are considering moving operations abroad following the vote to leave the European Union, according to a survey published on Monday.

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Industry, Logistics & Shipping

Cavotec to showcase latest technology at Wetex

Global engineering group Cavotec, a specialist in innovative automation and electrification technologies, will showcase its latest technologies at the upcoming Wetex exhibition in Dubai, UAE.

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Travel, Tourism & Hospitality

Mideast hotel occupancy rate rises to 65.2pc in August

Hotels in the Middle East reported mixed results in key performance metrics this August, posting a 2.3 per cent increase in occupancy to 65.2 per cent compared to August 2015, said a report.

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Motoring

Uber expanding meal deliveries in 24 countries

Uber is making a broad international push into meal delivery, with fresh hiring and aggressive marketing as it prepares to take on local rivals in dozens of countries.

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Health & Environment

Floods, farms fuel jump in methane emissions

A sharp increase in methane, a potent greenhouse gas, in the Earth's atmosphere since 2007 is the result of higher emissions from biological sources such as rice paddies, cattle and swamps rather than fossil fuels, researchers said.

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Media & Promotion

YouTube launches hub for Arabic TV series

YouTube launched today a new hub called Mosalsalat which features more than 500 of the most iconic Arabic television series dating back to 1962 from across the Middle East and North Africa.

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Education, HR & Training

Mall of Qatar to create 8,000 new jobs

Mall of Qatar, top shopping, entertainment and dining destination worth QR5.4 billion ($1.48 billion), will generate about 8,000 new jobs nationwide, said experts ahead of the soft opening of the mega facility.

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Miscellaneous

UAE plans new laws soon to regulate drones

The United Arab Emirates will finalise laws to more heavily regulate the sale of drones and their operations soon, aiming to minimise risks posed by unmanned aerial vehicles, an official at the aviation regulator said on Monday.

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