Friday 21 July 2017

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GAMA NAMED GROUND HANDLER
Sharjah airport to build new private jet terminal

Sharjah Airport Authority has signed two agreements with Gama Support Services, including building and operation of a new private jet terminal by Gama at Sharjah International Airport, with an investment of over Dh110 million ($30 million).

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$13.6bn PROJECT ON TRACK
Dubai's Al Maktoum Solar Park Phase III 22pc complete

Dubai Electricity and Water Authority (Dewa) said work on the third phase of the Dh50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park is progressing as per schedule with nearly 22 per cent of the project already completed.

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2

PROTECTING RIGHTS
Bahrain King ratifies unified family law

His Majesty King Hamad bin Isa Al-Khalifa of Bahrain has ratified the new Unified Family Law after it was approved by the kingdom's Shura Council.

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3

SPECIAL REPORT
PC shipments in EMEA decrease 3.5pc in Q2

PC shipments in EMEA (Europe, Middle East and Africa) totalled 17 million units in the second quarter of 2017, a 3.5 per cent decline year over year, according to preliminary results by Gartner, leading research and advisory company.

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4

ANALYSIS
AI revolution – Will it create a new working class?

Artificial intelligence (AI) will take over 38 per cent of US jobs within 15 years, says a recent report by PwC. While the digital revolution will force many jobs to become obsolete, not all is not lost, says futurist Charles Fadel.

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5

NEWS IN PICTURES
Etihad Museum honours the Founding Fathers

The Etihad Museum tells the story of the 1971 Union Agreement through the eyes of the Founding Fathers. The portraits of the Founding Fathers are complemented by interactive screens showcasing historical photos, videos and family trees.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain completes work on new Zayed Town exit

Bahrain authorities have completed the construction of a new exit to Zayed Town from Sheikh Salman Highway to the North of the Driving School in bid to alleviate traffic congestions along the new residential areas in the kingdom.

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Retail & Wholesale

Zebra unveils high-performance industrial printers

US-based Zebra Technologies Corporation, a market leader in barcode scanners and printers, has introduced two new industrial printers designed to withstand the harsh environments while delivering superior print quality and uptime.

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Energy, Oil & Gas

Solar, fossil fuels cost gap narrowing, says expert

The external cost of power generation by fossil fuels, mostly related to the environment and public health, has been shown to be the same or more than the cost of generating electricity by solar power, said an industry expert.

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Finance & Capital Market

Ajman DED issues 1,052 new licenses during Q2

Ajman's Department of Planning and Development at (DED-Ajman) has released a total of 1,052 new licenses while 165 licenses were revoked or cancelled during the second quarter of the year.

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Analysis, Interviews, Opinions

Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report.

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Industry, Logistics & Shipping

Mubadala, Nexen Tire sign strategic partnership

Mubadala Investment Company, an Abu Dhabi strategic investment fund, and Nexen Tire, a leading global tyre manufacturer, have signed a memorandum of understanding to explore strategic partnership opportunities.

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Travel, Tourism & Hospitality

Big growth in air traffic movements in Dubai

A total of 41,589 movements were recorded in the airspace of Dubai and the Northern Regions during the month of June, said Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority.

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IT & Telecommunications

Batelco, AFS partner for mobile wallet

Batelco, a leading digital solutions provider in Bahrain and AFS, a top payment services provider in the region, have signed a memorandum of understanding (MoU) to roll-out a state-of-the art mobile wallet solution in the kingdom.

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Motoring

RTA starts automated system for collecting fines

Dubai's Roads and Transport Authority (RTA) said it has begun the implementation of automated calculation and the collection of fines for delay in replacing ageing taxicabs and limousines with franchise companies.

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Health & Environment

Dubai Hospital receives Guinness World Record

Dubai Hospital’s Dr Fariborz Bagheri, head of the Urology Department, has received a Guinness World Record for removing the world’s largest kidney from a 56-year-old Emirati man.

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Media & Promotion

UAE ranked 3rd in global change readiness index

The UAE has been ranked third among the world's nations most prepared for change in the latest Change Readiness Index 2017 compiled by top audit, tax and advisory firm KPMG. The first spot was notched by Switzerland.

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Education, HR & Training

MBRF extends application deadline for awards

The Mohammed Bin Rashid Al Maktoum Knowledge Foundation (MBRF) is extending the application deadline for the Mohammed Bin Rashid Knowledge Award 2017 (MBRKA) until the end of August.

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Miscellaneous

US slaps new sanctions on Iran over military action

The US has imposed new sanctions on Iran over its missile and military-related activities in the Middle East hours after it maintained the international nuclear agreement with Tehran, a report said.

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