Tuesday 25 July 2017

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FINAL DESIGN GETTING READY
$1bn Bahrain medical city project makes headway

Bahrain's Works Ministry will be carrying out the infrastructure works for the $1-billion King Abdullah Medical City, a massive healthcare project being developed on a one-million-sq-m area at Durrat Al Bahrain in the south of the kingdom.

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1

NEDAA, NOKIA DEAL
Dubai to host new Innovation & Creativity Lab

Professional Communication Corporation (Nedaa), the Dubai Government’s security networks provider, today signed an agreement with Nokia formally designating Dubai as the headquarters of their pioneering Innovation and Creativity Lab.

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2

OCCUPANCY LEVELS HIT 62.4pc
ME hotel sector stays flat in Q2, Africa positive

The hotel industry in the Middle East reported nearly flat results during the second quarter of 2017, while hotels in Africa recorded growth across the three key performance metrics, according to recently released data.

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3

ANALYSIS
Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report.

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4

43pc RETAILERS AFFECTED IN 2016
Data breach a growing concern for retailers - report

Two in five retailers across the globe have experienced a data breach in the past year, according to a report released today.

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5

NEWS IN PICTURES
A big 'Modhesh' welcome

Modhesh, the macot for Dubai's's popular indoor edutainment destination Modhesh World, recently greeted travellers from Bahrain at Terminal 2 in Dubai International Airport, where he posed for photos and gave away free theme park passes.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Amlak to hand over Dubai villas in Q4

UAE-based Amlak Finance has announced the completion of the first phase of its fully-owned residential project in the Mirdiff area of Dubai, UAE. All the 54 villas will be handed over by the fourth quarter of this year.

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Retail & Wholesale

City Centre Bahrain unveils home furnishing trends

City Centre Bahrain, the largest shopping, leisure and entertainment destination in the kingdom, will be showcasing the latest home furnishing trends for this season during a 14-day campaign which runs till August 5.

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Energy, Oil & Gas

Dubai Expo 2020 substation work 71pc complete

Dubai Electricity and Water Authority’s (Dewa’s) construction progress of the Opportunity 132/11 kilovolt (kV) main substation at Expo 2020 Dubai is now 71 per cent complete.

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Finance & Capital Market

Lulu Exchange acquires Al Falah

Lulu Exchange, a leading foreign exchange and remittance company, has entered into an agreement to acquire 100 per cent ownership of Al Falah Exchange Company in the UAE.

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Analysis, Interviews, Opinions

Oil sector could offset GCC non-oil growth: report

An anticipated non-oil sector growth of 2.6 per cent across the GCC in 2017 will be offset by a further three per cent contraction in the oil-producing sectors, said a report.

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Industry, Logistics & Shipping

Oman antimony roaster project budget up to $96m

Oman-based Strategic and Precious Metals Processing (SPMP) has increased the capital budget for developing the Oman antimony roaster project in Sohar to $96 million, said a report.

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Travel, Tourism & Hospitality

ME hotel sector stays flat in Q2, Africa positive

The hotel industry in the Middle East reported nearly flat results during the second quarter of 2017, while hotels in Africa recorded growth across the three key performance metrics, according to recently released data.

More…
IT & Telecommunications

Dubai to host new Innovation & Creativity Lab

Professional Communication Corporation (Nedaa), the Dubai Government’s security networks provider, today signed an agreement with Nokia formally designating Dubai as the headquarters of their pioneering Innovation and Creativity Lab.

More…
Lifestyle
Motoring

Al Tayer Motors opens its largest multi-purpose facility

Al Tayer Motors, one of the UAE’s premier automobile dealerships, has opened its largest multi-purpose facility with a 55,000-sq-m built-up area over four levels, near the Dubai Police General Department of Traffic - Al Barsha branch.

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Health & Environment

DHA Medical Fitness Centres to adopt smart system

Dubai Health Authority (DHA) will be adopting an electronic system at its Medical Fitness Centres to allow customers to finish all their medical test procedures from one centre or through one of the 40 DHA-approved printing centres.

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Media & Promotion

RAK expo centre sees 4pc rise in H1 visitors

Ras Al Khaimah Exhibition Centre, a Ras Al Khaimah Chamber initiative, hosted nine different consumer and specialist exhibitions during the first half of 2017 which drew 296,374 local and international visitors.

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Miscellaneous

Alshaya signs franchise with US pizza company

MH Alshaya, a top retail franchise operator in Kuwait, has signed an agreement with US-based Blaze Fast-Fire'd Pizza, a leading fast-casual artisanal pizza chain, to build and operate multiple Blaze Pizza restaurants across Mena.

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