Friday 6 December 2019

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BIG INVESTMENT IN HOTELS
Saudi UAQ, Alinma unit launch $4.5bn Makkah real estate fund

Saudi Umm Alqura Company for Development and Construction (UAQ) has joined forces with a unit of the kingdom's leading bank Alinma to launch a SR17-billion ($4.53 billion) real estate development fund mainly focused on properties in Makkah.

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1

REAL ESTATE PORTFOLIO UP $900m
Gulf Islamic Investments exits Amazon's key German property

UAE-based Gulf Islamic Investments (GII) has announced that it had successfully exited a prime 1-million-sq-ft Amazon property in Dortmund, Germany.

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2

'HUGE POTENTIAL TO GROW'
Kerry Logistics launches operations in Bahrain

The Bahrain Economic Development Board (EDB), the investment promotion agency for Bahrain, has announced that Kerry Logistics Network, one of Asia’s largest third-party logistics provider, has launched operations in the kingdom.

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3

SPECIAL REPORT
Flying drone shipments to grow 50pc in 2020: Gartner

Worldwide shipments of Internet of Things (IoT) enterprise drones (defined as flying drones) will total 526,000 units in 2020, an increase of 50 per cent from 2019, said Gartner, a leading research and advisory firm in a new report.

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4

SPOTLIGHT
5G subscriptions to top 2.6bn by 2025: Ericsson

The global number of 5G subscriptions is expected to top 2.6 billion within the next six years, driven by sustained momentum and a rapidly developing 5G ecosystem, said Ericsson, a global connectivity provider, in a new report.

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5

NEWS IN PICTURES
National Day record

Global Village, the first family destination for culture, entertainment and shopping in the region, broke attendance records during the National Day holiday, welcoming more than 650,000 guests during the six-day period.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi UAQ, Alinma unit launch $4.5bn Makkah real estate fund

Saudi Umm Alqura Company for Development and Construction (UAQ) has joined forces with a unit of the kingdom's leading bank Alinma to launch a SR17-billion ($4.53 billion) real estate development fund mainly focused on properties in Makkah.

More…
Energy, Oil & Gas

Nasdaq Dubai welcomes $1.1bn IsDB green sukuk

Nasdaq Dubai has welcomed the listing of a €1 billion ($1.1 billion) green sukuk issued by Islamic Development Bank (IsDB) under its sustainable finance framework. A multilateral lender, IsDB currently has 11 sukuks listed on Nasdaq Dubai.

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Finance & Capital Market

Nasdaq Dubai welcomes $1.1bn IsDB green sukuk

Nasdaq Dubai has welcomed the listing of a €1 billion ($1.1 billion) green sukuk issued by Islamic Development Bank (IsDB) under its sustainable finance framework. A multilateral lender, IsDB currently has 11 sukuks listed on Nasdaq Dubai.

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Analysis, Interviews, Opinions

Diversity ‘key to unlocking maritime sustainability’

A changing world, with changing technology, demands a changing maritime workforce, said Despina Panayiotou Theodosiou, CEO of Tototheo Maritime, a leading global supplier of advanced maritime technology and services.

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Industry, Logistics & Shipping

Alba refinances $1.5bn Line 6 expansion syndicated loan

Aluminium Bahrain (Alba), soon to be the largest aluminium smelter in the world, has announced the successful refinancing of its $1.5-billion syndicated loan facility in connection with its ambitious Line 6 expansion project.

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IT & Telecommunications

UAE startup Callix eyes global expansion

Callix, a UAE-based intelligent cloud-based call answering solutions and data analytics provider to businesses, has announced its plans for international expansion starting with its launch in Saudi Arabia in the first quarter of 2020.

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Lifestyle

IWC Schaffhausen opens luxury boutique in Abu Dhabi

Swiss luxury watch manufacturer IWC Schaffhausen has opened its newly refurbished boutique at The Galleria Al Maryah Island in Abu Dhabi. The all-new 79-sq-m boutique will be housing limited-edition collections and timeless pieces.

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Motoring
Health & Environment

Dubai Health Authority signs deal with VPS Healthcare

Dubai Health Authority (DHA) said it has signed an co-operation agreement with VPS Healthcare, a leading healthcare provider with 20 hospitals and over 125 medical centres in the Middle East, Europe and India.

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Media & Promotion

CELS nets global superstars for top soccer events

CELS Events, part of CELS Group, will present global superstars and Middle East singing sensations at a series of music concerts marking the 24th Arabian Gulf Cup 2019 (November 26-December 8) and the Fifa Club World Cup 2019 (December 11-21).

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Education, HR & Training

300 experts for Teacher Task Force forum in Dubai

Over 300 education experts, among whom ministers of education and teachers are expected to attend the upcoming Policy Dialogue Forum being organised by the International Task Force on Teachers for Education 2030.

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Miscellaneous

India to open world's largest cricket stadium next year

India will be home to the world's largest cricket stadium when the new Motera stadium at Ahmedabad in the western state of Gujarat opens it doors early next year. It has a seating capacity of 1,10,000 (10,000 more than the iconic Melbourne stadium).

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