Monday 23 April 2018

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74pc LEISURE TRAVELLERS
Dubai logs record 15.8m overnight visits in 2017

Dubai registered record international overnight visits totalling 15.8 million in 2017, 6.2 per cent higher than the previous year, said the Annual Visitor Report 2017 released by Department of Tourism and Commerce Marketing (Dubai Tourism).

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CONCRETE POURS COMPLETED
Abu Dhabi's $1.2bn Reem Mall on track for 2020 opening

Al Farwaniya Property Developments, the developer behind Reem Mall – Abu Dhabi’s latest retail, leisure and entertainment destination, said work was progressing well on its ambitious $1.2-billion project and was due for completion by 2020-end.

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2

40,000 VISITORS EXPECTED
25th Arabian Travel Market opens in Dubai

Arabian Travel Market (ATM), the region’s leading travel industry showcase, opened its doors today for four days of business networking opportunities and insightful seminar sessions.

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3

ANALYSIS
Half of UAE residents less sure about financial health

Almost half of UAE residents are less confident about their financial health than they were 12 months ago, but remain more confident about their prospects in the UAE than anywhere else, said a new report

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ANALYSIS
GCC Islamic banks to maintain improved asset quality

The credit fundamentals of Islamic banks operating in the GCC have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's said in a new report.

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NEWS IN PICTURES
First Emirati ballerina

The first Emirati ballerina Alia Al Neyadi and Bolshoi soloists from the Donetsk Opera and Ballet Theatre recently presented the Le Corsaire Ballet to captivate audiences in the Emirates Palace for the Abu Dhabi Classics season 2017/18.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

RTA to open three new bridges on Dubai Airport Street

Dubai's Roads & Transport Authority (RTA) is set to open this week three new bridges as part of its Airport Street Improvement Project. A two-lane tunnel linking the Airport and Marrakech streets is likely to open in July.

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Retail & Wholesale

Lulu, iLife target budget smart shoppers

iLife Digital Technology, a developer for innovative technologies and retail giant Lulu Middle East have partnered targeting a growing billion dollar market of consumers looking to spend on affordable consumer electronics.

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Energy, Oil & Gas

Opec, non-Opec conformity level hits 149pc in March

Organization of Petroleum Exporting Countries (Opec) and participating non-Opec countries have achieved a conformity level of 149 per cent in March with their voluntary production adjustments, the highest level so far, said a report.

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Finance & Capital Market

UAE’s e-Dirham generates $1bn govt revenue in Q1

The federal government revenue collected through e-Dirham in the UAE reached more than Dh4 billion ($1.08 billion) in the first quarter (Q1) of 2018, representing an increase by 82 per cent compared to the same period last year.

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Analysis, Interviews, Opinions

Half of UAE residents less sure about financial health

Almost half of UAE residents are less confident about their financial health than they were 12 months ago, but remain more confident about their prospects in the UAE than anywhere else, said a new report

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Industry, Logistics & Shipping

Chinese firms to invest $1bn in Abu Dhabi free zone

A total of 15 Chinese companies have signed agreements to invest in Abu Dhabi’s Khalifa Port Free Trade Zone (KPFTZ), the largest free zone in the Middle East, totalling $1 billion in value.

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Travel, Tourism & Hospitality

Expo 2020 Dubai eyes travel, Mice firms for ticket sales

Expo 2020 Dubai will highlight its unique opportunities for travel, tourism and Mice (Meetings, incentives, conferences and events) companies from around the world to become authorised ticket resellers at the upcoming Arabian Travel Market.

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IT & Telecommunications

Saudi ministry, Huawei partner for ICT innovation

Saudi Arabia’s Ministry of Communications and Information Technology (MCIT) and Huawei, a leading global ICT solutions provider, have signed an agreement to enable the national cadre in ICT and promote innovation in the sector.

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Lifestyle

Hollywood star headlines Nissan Formula E launch tour event

Nissan completed its Formula E launch tour in Los Angeles with an event led by Margot Robbie, the firm's electric vehicle and sustainability ambassador, heralding an exciting era for Nissan as it enters the ABB FIA Formula E Championship.

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Motoring

Saudi group inks partnership deal with China's Higher Bus

Saudi-based Abdul Latif Jameel Machinery has inked a strategic partnership deal with top Chinese bus and coach manufacturer Higher Bus for supply of its hybrid and clean energy buses besides coaches, city and school buses in the kingdom.

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Health & Environment

Saudi German Hospital to build 100-bed facility in RAK

Saudi German Hospital, a leading healthcare group in the region, has announced plans to build a 100-bed specialty hospital at Al Marjan Island, a luxury resort destination in the northern emirate of Ras Al Khaimah.

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Media & Promotion

Viva Bahrain, Samsung partner for entertainment service

Viva Bahrain, a leading telecom operator has partnered with Samsung Electronics Mena introducing Samsung CUE, a digital entertainment service featuring latest music and music services.

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Education, HR & Training
Miscellaneous

Expat families 83pc of 2nd citizenship applicants in Saudi

Eighty-three per cent of high net worth people applying for a second passport in Saudi Arabia are families, according to Citizenship Invest, a market leader citizenship programmes to obtain a second nationality.

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