Sunday 27 May 2018

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DEAL TO PROVIDE TURNKEY SERVICES
Halliburton wins Aramco’s unconventional gas contract

Saudi Aramco, a global leader in energy and chemicals, has signed the Unconventional Gas Stimulation Services contract with Halliburton, a US-based oil field services company to further improve Aramco’s Unconventional Resources Program.

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BIGGER ROLE SEEN IN 2018
Tourism sector adds $42bn to UAE’s GDP in 2017

The total contribution of travel and tourism to UAE’s GDP was Dh154.1 billion ($41.9 billion), reflecting 11.3 per cent of the country’s GDP in 2017 and is forecast to rise by 4.9 per cent in 2018, said a top government official.

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2

START UP OF UNIT I IN 2019
Nawah enters key phase of UAE nuclear plant ops

With construction of Unit 1 of the Barakah Nuclear Energy Plant located in the Al Dhafra Region of Abu Dhabi, fully completed, its operator Nawah Energy Company has entered the next phase of preparation for nuclear operations.

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MONEY MATTERS
UAE residents keeping better track of finances: study

UAE residents are keeping better track of their money than four years ago, and fewer are living beyond their means, according to the moneysmart index launched recently by Abu Dhabi Islamic Bank as part of its financial wellness programme.

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4

MONEY MATTERS
Online purchases up 43pc during Ramadan

Online purchases, mostly driven by mobile, increase overall by 43.2 per cent during the month of Ramadan, and by 78 per cent at night, according to a recent case study.

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5

The spirit of giving

In true Ramadan spirit, Viva Bahrain, through its corporate social responsibility arm, Viva Jusoor, has commenced its annual Ramadan community-driven activities for the fifth consecutive year.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Azizi's $212m Palm Jumeirah project set for Q3 completion

UAE-based Azizi Developments has announced that work is in full swing at its Dh780-million ($212 million) Mina by Azizi project, coming up on a 11,244-sq-m area on Palm Jumeirah, which is set for completion by the third quarter of 2018.

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Retail & Wholesale

DMCC inks partnership deal with Emirates Post

DMCC, the flagship free zone for commodities trade and enterprise, has signed a deal with Emirates Post Group to deliver secure postal services to its over 15,000 member companies and the Jumeirah Lakes Towers (JLT) community.

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Energy, Oil & Gas

Opec, allies likely to ease output as oil hits $80

The Organisation of Petroleum Exporting Countries (Opec) and its allies are likely to gradually revive oil output in the second half of the year to ease consumer anxiety as prices trade near $80 a barrel, said Saudi Energy Minister.

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Finance & Capital Market

Sinnad Bahrain gets Visa International licence

Sinnad, the region’s leading card processing service provider with advanced card payment solutions, said it has received its payments processing license from global digital payments leader Visa International.

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Analysis, Interviews, Opinions

45pc in Mena victim of financial crime: study

Forty-five per cent of executives in the Mena region had been a victim of at least one form of financial crime during the 12 months preceding a survey by Thomson Reuters as opposed to 47 per cent globally.

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Industry, Logistics & Shipping

Jebel Ali Port wins top award at China event

DP World, a leading enabler of global trade and an integral part of the supply chain, said it flagship Jebel Ali Port has won top honours at this year’s Asian Freight, Logistics and Supply Chain Awards in Shanghai, China.

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Travel, Tourism & Hospitality

Gulfstream set to showcase top models at Ebace 2018

Gulfstream Aerospace Corporation, a unit of General Dynamics, will be showcasing its fleet of aircraft such as the G280, G500, G550 and G650ER at this year's European Business Aviation Convention & Exhibition (Ebace) in Geneva, Switzerland.

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IT & Telecommunications

Zain Bahrain launches new home delivery service

Zain Bahrain, a leading telecom services operator in the kingdom, has introduced its new express home delivery service wherein Zain customers can now complete multiple services all at their own door step.

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Lifestyle

Bahrain ranks second globally for work-life balance

Bahrain offers the best work-life balance worldwide for expatriates after Denmark, said a new report from InterNations, highlighting that close to three-quarters of them are generally satisfied with their job in the kingdom.

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Motoring

Emirates Transport in big rental, fleet management deals

Emirates Centre for Transport and Leasing of Emirates Transport (ET) said it has completed a series of new and renewed three- to five-year contracts linked to transport and rental services and management of fleets of nearly 1,500 vehicles.

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Health & Environment

Ahalia to build multi-specialty hospital in Sharjah

Abu Dhabi-based Ahalia Group has announced plans to set up a 120-bed multi-specialty hospital, its first in Sharjah, in partnership with the Sharjah Healthcare City Authority (SHCC) at an investment of $100 million.

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Media & Promotion

Top firms vie for Gulf Property Show best stand awards

Gulf Property Show, the boutique showcase for the real estate and property development sectors in the northern Gulf region, has shortlisted 10 companies for the 'Best Stand Design' at the event held in April this year in Bahrain.

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Education, HR & Training

Creaform unveils academic suite of 3D solutions

Creaform, a worldwide leader in portable 3D measurement solutions and engineering services, has launched its completely new academic suite of 3D measurement solutions designed especially for the academic market.

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Miscellaneous

Two killed as Cyclone Mekunu lashes Oman

Cyclone Mekunu has hit southern Oman with high winds and rain, killing a 12-year-old girl and a man and leaving three other people injured, reported BBC, citing senior government officials.

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