Wednesday 17 January 2018

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170-STOREY SUPER SKYSCRAPER
Kingdom Holding inks Jeddah tower infrastructure deal

Saudi-based Kingdom Holding said it has signed infrastructure contracts worth SR620 million ($167 million) for its 170-storey super skyscraper - Jeddah Tower - and also Jeddah Economic City. The work is due to be completed within a year.

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1

OBSERVATION DECKS, OPEN THEATRE
Dubai launches giant desert conservation reserve project

Dubai has embarked on plans to build the country's largest sustainable environment, tourism and recreational project - Marmoom Reserve. It will also be the first unfenced desert conservation reserve in the UAE, said a report.

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2

OPS TO BEGIN Q4 2021
Abu Dhabi to build $1.2bn desalination plant

The Abu Dhabi Water and Electricity Authority (Adwea) has announced a $1.2-billion project to build the world’s largest water desalination plant in Abu Dhabi, UAE with operations set to begin in October 2021, a media report said.

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3

World enters critical period of risks in 2018: WEF

Experts are preparing for another year of heightened risk, said a new report by the World Economic Forum (WEF), cautioning that people are struggling to keep up with the accelerating pace of change.

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4

TECHNOLOGY
Smart cities need smarter network

Smart cities are no longer just a fantasy of science fiction or an interesting research project. All pervasive deployment of devices, sensors, and broadband promises to fundamentally transform the lives of average urban citizens.

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5

NEWS IN PICTURES
Narrow escape

Passengers on a flight from Ankara to Trabzon escaped a horrific end after the plane skidded off the runway and down the side of a cliff, stopping just metres short of the sea.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai launches giant desert conservation reserve project

Dubai has embarked on plans to build the country's largest sustainable environment, tourism and recreational project - Marmoom Reserve. It will also be the first unfenced desert conservation reserve in the UAE, said a report.

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Retail & Wholesale

Huawei unveils world’s first 4-camera phone

Huawei Consumer Business Group (CBG) has unveiled a new era of smartphone development with the launch of Huawei Mate 10 lite, the world’s first smartphone with four cameras and a ground-breaking FullView Display in Bahrain.

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Energy, Oil & Gas

Masdar, Statoil in tie-up for battery storage solution

Masdar, Abu Dhabi Future Energy Company, has signed an agreement with Norwegian oil and gas company Statoil to analyse data from Batwind, the integrated energy storage system designed to store energy generated by Hywind Scotland.

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Finance & Capital Market

Emirates NBD AM posts 10pc growth in 2017

Emirates NBD Asset Management (AM) has announced that the value of its assets under management (AUM) grew 10 per cent in 2017 to $ 4.8 billion.

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Analysis, Interviews, Opinions

Smart cities need smarter network

Smart cities are no longer just a fantasy of science fiction or an interesting research project. All pervasive deployment of devices, sensors, and broadband promises to fundamentally transform the lives of average urban citizens.

More…
Industry, Logistics & Shipping

Chevron Shipping awards oil, LNG contract to GAC

US-based Chevron Shipping Company (CSC) has further cemented its long-standing relationship with the Dubai-based GAC Group by awarding it a global three-year ship agency contract for both crude and LNG vessels.

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Travel, Tourism & Hospitality

Air France, KLM offer Gulf travellers special fares

Passengers in the Gulf can now book special promotional fares with Air France (Oh LaLa) and KLM (Dream Deals) to fly to different destinations across the Air France-KLM global network.

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IT & Telecommunications

Dubai start-up launches AI learning platform

Dubai based start-up Black Cube Solutions, a frontier tech company, recently unveiled the world’s first complete platform for skill development for students and professionals powered by artificial intelligence (AI) and machine learning.

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Lifestyle

Lamborghini Urus set to arrive in UAE

The world’s very first Super Sport Utility Vehicle, the Lamborghini Urus, is on its way to the UAE to be officially unveiled later this month.

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Motoring

UD Trucks registers record sales in 2017

Japanese truck manufacturer UD Trucks, which is wholly owned by Volvo Group, is marking one of its best performing years in the region, with 50 per cent sales increase in Saudi Arabia and two-fold growth in Bahrain.

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Health & Environment

Tadweer signs Abu Dhabi waste management contracts

UAE-based Tadweer has signed five waste management investment project contracts worth Dh165 million ($45 million) in line with Abu Dhabi government's masterplan related to sustainability and environmental conservation.

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Media & Promotion

Talia, Arabsat sign multi-year deal at Cabsat

Talia, a top provider of satellite Internet broadband and Arabsat, a communications satellite operator, have signed a multi-year agreement through which Talia will offer high-quality IP VSAT services in Ka band to Iraq and Afghanistan.

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Education, HR & Training

Bloomberg, MiSK begin course for Saudi youth

MiSK Foundation, a leading talent developer in Saudi Arabia and Bloomberg, a global business and financial information and news leader have begun an intensive week-long financial journalism training programme in Dubai for Saudi students.

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Miscellaneous

Crew, passengers saw plane interception: UAE

The UAE's General Civil Aviation Authority (GCAA) has said that Bahraini radars detected the Qatari jets as they intercepted two UAE civilian flights yesterday (Jan 15).

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