Thursday 23 March 2017

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DESALINATION APPEAL
ME countries eye Russian floating nuke power plants

Middle Eastern countries are considering purchase of floating nuclear power plants (NPP) of Russian make that were developed for sea water desalination, a top Russian government official said on Wednesday.

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MIDEAST SHOWS MIXED TREND
UAE hotels record highest Feb occupancy since 2008

Hotels in the Middle East reported mixed results in three key performance metrics, while hotels in the UAE recorded the highest occupancy levels for February since 2008, according to data from STR.

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2

POLICY CHANGES FUEL SPIKE
Dubai tourism grows 12pc in first 2 months of 2017

Dubai’s tourism sector has kicked off 2017 in high gear as the Department of Tourism and Commerce Marketing (Dubai Tourism) reported a stellar 12 per cent year-on-year growth over the first two months of 2017.

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3

ANALYSIS
GCC on track for major economic recovery in 2017

While regional economies have been impacted by global reduction in oil prices, a recovery is expected from 2017 onwards, driven by a growth in oil prices as well as due to an increasing focus on economic diversification, a report said.

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4

SPOTLIGHT
Extreme, unusual climate trends continue in 2017

Extreme weather and climate conditions have continued into 2017, while 2016 made history with a record global temperature, exceptionally low sea ice, and unabated sea level rise, according to the World Meteorological Organization (WMO).

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5

NEWS IN PICTURES
Drone art

A picture made with a drone shows the Keukenhof in Lisse, The Netherlands on March 22. The flower garden will open for the season for public on March 23.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Oman's Sezad awards $1.6bn construction contracts

Oman's Special Economic Zone Authority at Duqm (Sezad) has awarded RO625 million ($1.62 billion) construction contracts till date and with new infrastructure projects under tender the figure is set to hit a new high, said a report.

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Retail & Wholesale

Casio launches new Edifice watch

Casio Middle East FZE, the regional arm of Casio Computer Company, has revealed the Saudi Arabia launch of the Edifice ERA-600, the latest addition to the Edifice brand of luxury watches for men.

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Energy, Oil & Gas

ME countries eye Russian floating nuke power plants

Middle Eastern countries are considering purchase of floating nuclear power plants (NPP) of Russian make that were developed for sea water desalination, a top Russian government official said on Wednesday.

More…
Finance & Capital Market

Falcon names new chairman, board members

Falcon Group, a Swiss private banking boutique, recently approved a new composition of the Board of Directors with Christian Wenger as the new chairman and three new Swiss Board members.

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Analysis, Interviews, Opinions

GCC on track for major economic recovery in 2017

While regional economies have been impacted by global reduction in oil prices, a recovery is expected from 2017 onwards, driven by a growth in oil prices as well as due to an increasing focus on economic diversification, a report said.

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Industry, Logistics & Shipping

GCC total industrial investment hits $395bn

The total investment in the GCC's industrial sector is estimated at $394.9 billion, with 17,596 factories employing approximately 1.66 million workers, according to a senior official at Gulf Organization for Industrial Consulting (GOIC).

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Travel, Tourism & Hospitality

Mövenpick signs first Oman hotel contract

Mövenpick Hotels & Resorts has marked yet another milestone in its Middle East expansion strategy having inked an agreement to operate its first property in Oman’s capital city, Mövenpick Hotel & Apartments Al Azaiba Muscat.

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IT & Telecommunications

Kaspersky offers critical infrastructure protection

Kaspersky Lab has announced the global availability of its Industrial CyberSecurity for Energy, a vertical advanced package for energy enterprises, based on Kaspersky Lab’s suite for protection of industrial infrastructure.

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Lifestyle

Sotheby’s to auction rare pink diamond

Sotheby’s has announced that The Pink Star, one of the world’s great natural treasures, will lead its sales of magnificent jewels and jadeite in Hong Kong on April 4.

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Motoring

DSOA opens free EV charging stations

Dubai Silicon Oasis Authority (DSOA) has launched its new initiative that allows electric vehicle owners to use the charging stations on its premises free of charge from March 22 until the end of the year.

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Health & Environment

Dubai Airports’ green drive sees big results

Dubai Airports’ efforts to reduce its carbon footprint resulted in total energy savings of 5.17 million kWh in 2016 across Dubai International (DXB) and Dubai World Central (DWC) – equivalent to powering 235 homes for a full year.

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Media & Promotion
Miscellaneous

Dubai developer launches new happiness advisory

UAE-based United World Infrastructure (UWI) has launched its new advisory offering that will enable it to work with cities across the Middle East and the world for measuring and improving the happiness of residents.

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