Sunday 29 November 2020

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SIZE OF TWO FOOTBALL FIELDS
Saudi Arabia completes work on mega Expo 2020 pavilion

Saudi Arabia has announced that the construction work on its country pavilion at the Expo 2020 Dubai has been fully completed. Spanning an area of 13,069 sq m - equivalent to two football fields - the kingdom's pavilion size is second only to that of host

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1

CNCP SUBSIDIARY WINS DEAL
Adnoc awards $519m contract to expand 3D seismic survey

The Abu Dhabi National Oil Company (Adnoc) has awarded a contract worth up to $519 million to further expand the scope of the world’s largest combined 3D onshore and offshore seismic survey currently taking place in the Emirate of Abu Dhabi.

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2

BIG CLEAN ENERGY BOOST
Masdar, Tribe to develop energy from waste projects in Australia

Leading Abu Dhabi group Masdar said it has joined forces with Tribe, an infrastructure advisory and development firm, to set up a new venture that will support the delivery and management of utility-scale energy-from-waste (EfW) projects in Australia.

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ANALYSIS
Millennials hardest hit by pandemic in UAE: survey

Millennials in the UAE have found it harder than older generations with 78 per cent finding managing their money more difficult compared to 61 per cent of those over 45, since the start of the Covid-19 outbreak, a report said.

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4

ANALYSIS
E-commerce sales slump in developing countries

Even though Covid-19 has pushed more consumers in developing countries to buy online, many e-commerce businesses in these nations have seen a slump in sales, said the UN Conference on Trade and Development (UNCTAD) in a new report.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi orders disbursement of $1.9bn housing loans

Abu Dhabi government has announced disbursement of Dh7 billion ($1.9 billion) housing loans to over 6,000 citizens, exempting retired low-income citizens from paying back the loans, as a special gesture on the occasion of country's 49th National Day.

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Retail & Wholesale

Union Coop opens third shopping mall in Dubai

Union Coop, the largest consumer cooperative in the UAE, has opened its third shopping destination, Al Warqa City Mall, in Dubai. Spread over a 685,000 sq ft area, the five-floor property has been built at an investment of Dh347.5 million ($94 million).

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Energy, Oil & Gas

Adnoc awards $519m contract to expand 3D seismic survey

The Abu Dhabi National Oil Company (Adnoc) has awarded a contract worth up to $519 million to further expand the scope of the world’s largest combined 3D onshore and offshore seismic survey currently taking place in the Emirate of Abu Dhabi.

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Finance & Capital Market

Saudi Arabia’s SAMA renamed Saudi Central Bank

Saudi Arabia’s King Salman bin Abdulaziz Al-Saud has approved the new Saudi Central Bank Law, which includes changing the name of the Saudi Arabian Monetary Authority (SAMA) to the Saudi Central Bank, with direct reporting to the King.

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Analysis, Interviews, Opinions

Solar and renewable energy trends in 2021

Building integrated photovoltaics – solar panels on buildings, vehicles and other structures – will take off in a big way, fuelled by subsidies and a strong desire among end consumers and property owners to “make a difference” and at the same time save on

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Industry, Logistics & Shipping

Bee'ah in deal to supply alternative fuel to Sharjah Cement Factory

Bee'ah, a leading fully integrated environment and waste management company, said it has signed a long-term contract with Sharjah Cement Factory for the supply of alternative fuel from its solid recovered fuel (SRF) plant in the northern emirate.

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Travel, Tourism & Hospitality

Accor plans 112 new properties in expanded MEA region

Accor, a world-leading augmented hospitality group, has added India and Turkey to its Middle East & Africa region. The newly expanded region will now comprise a portfolio of more than 84,000 rooms across 400 hotels.

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IT & Telecommunications
Lifestyle

New IKEA store opens in Abu Dhabi shopping, lifestyle hub

Al Wahda Mall, a leading shopping and lifestyle destination in Central Abu Dhabi, has announced the opening of its new IKEA store. This is the Swedish home furnishing retailer's second outlet in the emirate and the fifth in the UAE.

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Health & Environment

1,000 young energy voices speak up on climate threat

A 1,000-strong body of young people coming up through the ranks in the global energy sector have sent an unambiguous message to leaders in their own industry and governments that action on climate change was not fast enough.

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Media & Promotion

Football legend Diego Maradona dies at 60

Football legend Diego Maradona, one of the greatest players of all time, has died at the age of 60. The former Argentina attacking midfielder and manager suffered a heart attack at his Buenos Aires home, said media reports.

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Education, HR & Training

UAE approves full foreign ownership of commercial firms

UAE has announced the complete overhaul of foreign ownership rules for commercial companies, as part of the government’s ongoing efforts to ensure a conducive legislative environment and open up economy to all nationalities.

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Miscellaneous
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