Thursday 19 January 2017

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GLOBAL LEVELS TOO DROP
Mideast business confidence drops amid global uncertainty

Business confidence in the Middle East remained subdued in Q4 2016, with 51 per cent of firms reporting that they feel less confident about the future, according to a report.

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BANKING FEES TOP $820m
Mideast debt issuance hits $77bn, highest since 1980

Middle Eastern debt issuance reached $77.8 billion in 2016, a 145 per cent increase compared to the value raised during 2015 and by far the highest annual total in the region since records began in 1980, said a report from Thomson Reuters.

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2

FORECASTS FOR NEXT 40 YEARS
UAE releases report with 112 predictions at Davos

By 2020, 20 per cent of households will run on solar energy, while electric, self-driving cars will make up 90 per cent of all vehicles by 2035, says a report containing 112 predictions released at the World Economic Forum by the UAE.

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3

SPECIAL REPORT
2016 marks Earth’s hottest year on record

With a boost from El Nino, 2016 began with a bang, and for eight consecutive months, January to August, the globe experienced record heat. With this, the year saw the highest surface temperature since record keeping began in 1880.

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4

ANALYSIS
Global oil giants heading in different directions in Mena

Global oil firms have long played a dominant role in the development of region's energy sector. But the structural changes in oil market, political uncertainty and US shale boom, have brought in a major shift in their Middle East strategy.

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5

NEWS IN PICTURES
First China to UK train arrives in London

The first direct freight train from China to the UK arrives in Barking in London, Britain on January 18. It has travelled more than 7,500 miles (12,000 km) across seven countries and through the Channel Tunnel to reach London.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

UAE real estate 'set for solid growth in 2017'

Having bravely negotiated a rather tough 2016, the UAE real estate sector, spearheaded by its two major markets Dubai and Abu Dhabi, appears well-geared to make positive strides this year, said a report.

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Retail & Wholesale

Smart Stores Expo to showcase top-notch solutions

Smart Stores Expo 2017 will offer a wide range of solutions including architecture, design, audio visual equipment, retail logistics & store simulations when it opens in Abu Dhabi, UAE next week.

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Energy, Oil & Gas

Qatar Shell signs EPCM deal with WorleyParsons

Qatar Shell has signed a five-year engineering, procurement and construction management (EPCM) services contract with WorleyParsons for for the Pearl Gas to Liquids (GTL) and associated facilities.

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Finance & Capital Market

Mideast debt issuance hits $77bn, highest since 1980

Middle Eastern debt issuance reached $77.8 billion in 2016, a 145 per cent increase compared to the value raised during 2015 and by far the highest annual total in the region since records began in 1980, said a report from Thomson Reuters.

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Analysis, Interviews, Opinions

Retailers ‘slow to embrace digital transformation’

Retailers around the world are moving too slowly when it comes to digital transformation and may not be investing in the right places, a report said, adding that the recent closing of big box stores is just the beginning.

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Industry, Logistics & Shipping

Task force to speed up Dubai Industrial Strategy

A pharmaceuticals and medical equipment taskforce has held a number of meetings and workshops to identify key initiatives that will help drive growth and achieve the objectives of the Dubai Industrial Strategy.

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IT & Telecommunications

DarkMatter launches cyber security research programme

DarkMatter, the international cyber security firm headquartered in the UAE, has inaugurated its research and development programme with the signing of a series of agreements with notable top tier institutions around the world.

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Lifestyle

Bahrain Duty Free launches premium watches boutique

Bahrain Duty Free has unveiled the latest addition to its upgraded departures retail outlet at Bahrain International Airport, with the opening of a dedicated premium watches boutique.

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Motoring

Mercedes-Benz launches special edition of Actros truck

Mercedes-Benz Trucks Mena, together with Emirates Motor Company (EMC), its authorised distributor in Abu Dhabi, recently launched a special edition Actros truck in celebration of the model’s 20th anniversary.

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Health & Environment

ADSW holds student event on sustainability

More than 600 students from the UAE and countries around the world took part in the second annual “Student Exclusive” at Abu Dhabi Sustainability Week (ADSW) in the UAE capital yesterday (January 18).

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Media & Promotion

Middle East film festival to celebrate women

The unique film festival which gives audiences a powerful view of the world as seen through the eyes of women will present a fascinating collection of short works from around the world when it returns to cinema screens in Dubai.

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Education, HR & Training

Saudi summit on private sector role in education

The Saudi Arabian Ministry of Education and the Tatweer Building Company recently organised a conference in Riyadh focusing on greater private sector engagement in education reform in the Kingdom.

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Miscellaneous

UAE releases report with 112 predictions at Davos

By 2020, 20 per cent of households will run on solar energy, while electric, self-driving cars will make up 90 per cent of all vehicles by 2035, says a report containing 112 predictions released at the World Economic Forum by the UAE.

More…
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