Monday 20 November 2017

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441-ROOM HOTEL
Biggest Wyndham Garden opens in Bahrain

Wyndham Hotel Group, the hotel giant with more than 8,100 hotels in 78 countries, today announced the opening of Wyndham Garden Manama in Bahrain.

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9 MILLION VISITORS SEEN
Indian outbound market to GCC to jump 50pc by 2021

Around nine million Indians are expected to travel to the GCC by 2021, a jump of almost 50 per cent from the current numbers, according to the latest figures from Colliers International.

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COMMERCIAL PROPERTY DRAWS 5pc
UAE residential units exempt from VAT: FTA

Residential units in the UAE will remain exempt from value added tax (VAT), except for the first supply of a new residential building within the first three years of it being constructed, which will be zero per cent rated, said a report.

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3

ANALYSIS
Millennials stand for globalism; want to shape future

Millennials across 15 countries are united by a belief in globalization, want the freedom to experience the opportunities it brings, and have a desire to play a role in shaping the future using technology, according to new research.

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4

SPECIAL REPORT
IT spending in EMEA to top $1trn in 2018: Gartner

IT spending in EMEA (Europe, Middle East and Africa) is projected to total $1trillion in 2018, an increase of 4.9 per cent from estimated spending of $974 billion in 2017, according to a new report from research and advisory firm Gartner.

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NEWS IN PICTURES
Gulf Air marks 50 years of Bahrain-Paris route

Marking the 50th anniversary of its Bahrain-Paris route, Gulf Air, the national carrier of Bahrain, recently flew a number of GCC media representatives to Paris on a familiarization trip jointly hosted by Shangri-La Hotel, Paris.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai Hills Estate launches sales of premium ‘Club Villas'

Dubai Hills Estate, an 11-million-sq-m master-planned green oasis located centrally in the city, has unveiled its premium ‘Club Villas at Dubai Hills’ collection that offers an upscale lifestyle within a world-class golf course community.

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Retail & Wholesale

Vox Cinemas launches Imax theatre in Bahrain

Majid Al Futtaim, a leading retail and leisure pioneer in the region, has joined hands with Bahrain Cinema Company to introduce The Imax Experience - that brings awe-inspiring pictures along with heart-pounding audio - at City Centre Bahrain.

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Energy, Oil & Gas

Wärtsilä-built power plant inaugurated in Oman

Musandam Independent Power Project (IPP), a 120 MW power plant supplied and built by Finland-based technology group Wärtsilä, was recently inaugurated in northern Oman.

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Finance & Capital Market

Saudi banks Q3 income edges up marginal 0.4pc

The consolidated net income of Saudi Arabian banks was only marginally higher in the third quarter (Q3) of 2017, at 0.4 per cent quarter-on-quarter (q-o-q), resulting in an increase of 14.3 per cent year-on-year (y-o-y), a report said.

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Analysis, Interviews, Opinions

Millennials stand for globalism; want to shape future

Millennials across 15 countries are united by a belief in globalization, want the freedom to experience the opportunities it brings, and have a desire to play a role in shaping the future using technology, according to new research.

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Industry, Logistics & Shipping

Emirates SkyCargo signs MoU with Dubai CommerCity

Emirates SkyCargo, the freight division of Emirates, has signed a memorandum of understanding (MoU) with Dubai CommerCity, the first free zone dedicated to e-commerce in the Middle East and North Africa (Mena) region located in Dubai, UAE.

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Travel, Tourism & Hospitality

Indian outbound market to GCC to jump 50pc by 2021

Around nine million Indians are expected to travel to the GCC by 2021, a jump of almost 50 per cent from the current numbers, according to the latest figures from Colliers International.

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IT & Telecommunications

Bahrain TRA to begin SIM card verification

Bahrain's Telecommunications Regulatory Authority (TRA) is set to implement a new SIM Card Verification regulation as part of its efforts to ensure that consumers can safely enjoy using their telecom services with peace of mind.

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Lifestyle

Sky Prime Private Aviation posts 40pc growth

Sky Prime Private Aviation, a leading private aviation player in the region, has reported a 40 per cent growth in charter flights this year compared to 2016, as well as 25 per cent growth in flying hours.

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Motoring

Virgin Hyperloop One set to develop GCC ultra-fast tube

US-based Virgin Hyperloop One, a start-up developing super high-speed transportation systems, is working on a major plan to link the GCC through an ultra-fast tube transportation system, which will operate at a velocity of 1,100 km per hour.

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Health & Environment

Abu Dhabi launches fund to combat diseases

Abu Dhabi has launched the Reaching the Last Mile Fund to raise $100 million with the aim of eradicating, eliminating, and controlling preventable diseases that hinder the health and economic prospects of the world’s poorest people.

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Media & Promotion

Dubai Culture launches latest edition of ArtMap

Dubai Culture & Arts Authority has launched the latest edition of ArtMap, which provides a comprehensive artistic and cultural guide to major events and exhibitions taking place across the UAE for the rest of the year.

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Education, HR & Training

GESS Education Awards open for nomination

GESS Education Awards, which reward the quality and diversity of educational products, resources, services and people, is now accepting nominations for its 2018 edition.

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Miscellaneous

60 plate numbers sold for $14.97m in Abu Dhabi

Emirates Auction, in collaboration with Abu Dhabi Police General Headquarters, has sold 60 distinguished number plates for private vehicles of (Category 1) for a total value of more than Dh55 million ($14.97 million).

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