Tuesday 16 January 2018

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40pc DIVIDEND PROPOSED
Emirates NBD 2017 net profit surges 15pc to $2.27bn

Emirates NBD, a leading bank in the region, delivered a strong set of results with record net profit of Dh8.35 billion ($2.27 billion) in 2017 as against net profits of Dh7.23 billion in the previous year, marking a surge of 15 per cent.

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1

QATAR MOVE CONDEMNED
Crew, passengers saw plane interception: UAE

The UAE's General Civil Aviation Authority (GCAA) has said that Bahraini radars detected the Qatari jets as they intercepted two UAE civilian flights yesterday (Jan 15).

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2

A320neo TOP SELLING
Airbus delivers record 718 aircraft in 2017

Airbus’ commercial aircraft deliveries in 2017 were up for the 15th year in a row, reaching a new record of 718 aircraft delivered to 85 customers, marking a growth of four per cent over than the previous record of 688 set in 2016.

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3

TECHNOLOGY
Smart cities need smarter network

Smart cities are no longer just a fantasy of science fiction or an interesting research project. All pervasive deployment of devices, sensors, and broadband promises to fundamentally transform the lives of average urban citizens.

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4

SPOTLIGHT
Asia to drive gas demand growth: Crescent CEO

All signs point to Asia leading the gas demand and continuing this upward trajectory for at least the next decade, Majid Jafar, CEO of Crescent Petroleum, the Middle East’s oldest private oil and gas company.

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5

NEWS IN PICTURES
Narrow escape

Passengers on a flight from Ankara to Trabzon escaped a horrific end after the plane skidded off the runway and down the side of a cliff, stopping just metres short of the sea.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Majid Al Futtaim completes Ajman mall expansion

Majid Al Futtaim, a top retail and leisure pioneer in the region, said it has completed the Dh643-million ($175 million) expansion work at its retail destination, City Centre Ajman, adding 34,000 sq m of commercial and dining experiences.

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Retail & Wholesale

EMEA retail sales to see 3pc growth to $5.4trn

Retail markets in Europe, the Middle East and Africa (EMEA) are estimated to grow approximately three per cent over the next five years to $5.4 trillion in sales, said a new report.

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Energy, Oil & Gas

Masdar, EDF SA sign power sector tie-up

Masdar, Abu Dhabi Future Energy Company, has signed an agreement to collaborate with EDF SA, the parent company of the EDF Group, in the power sectors of countries in sub-Saharan Africa, a media report said.

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Finance & Capital Market

Mashreq Bank celebrates 50th anniversary

Mashreq Bank, the UAE’s oldest privately owned bank, celebrated its 50th anniversary in Bahrain in the attendance of key industry leaders, clients, and partners at the Gulf Hotel.

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Analysis, Interviews, Opinions

Smart cities need smarter network

Smart cities are no longer just a fantasy of science fiction or an interesting research project. All pervasive deployment of devices, sensors, and broadband promises to fundamentally transform the lives of average urban citizens.

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Industry, Logistics & Shipping

Over 1,000 brands participate in SteelFab 2018

Over 1,000 brands from 28 countries around the world are participating at the SteelFab 2018, the region’s leading metal working, metal manufacturing and steel fabrication trade show, being held in Sharjah, UAE, said a report.

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Travel, Tourism & Hospitality

Wyndham Hotel Group expands presence in ME

Wyndham Hotel Group has continued to expand its footprint across Europe, the Middle East, Africa and Eurasia (EMEA) with a number of significant openings throughout 2017, bringing the total number of hotels across the region to over 470.

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Lifestyle
Motoring

BMW unveils latest models at US auto show

BMW is celebrating two world premieres of its car models at the ongoing North American International Auto Show (NAIAS) being held in Detroit, US.

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Health & Environment

Arab Health to feature tech for Parkinson’s disease

UK-based London Clinic, a private hospital and charity, will showcase a technology that allows patients to control their Parkinson’s disease symptoms using an iPod at Arab Health, the largest healthcare exhibition in the Middle East.

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Media & Promotion

ABC Marketplace open for business

Arabian Business Community (ABC) Bahrain, the kingdom’s rapidly growing business information database, has launched a classified marketplace providing visitors with the chance to browse for Cars, Real Estate, Jobs and Products and Services.

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Education, HR & Training

Bloomberg, MiSK begin course for Saudi youth

MiSK Foundation, a leading talent developer in Saudi Arabia and Bloomberg, a global business and financial information and news leader have begun an intensive week-long financial journalism training programme in Dubai for Saudi students.

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Miscellaneous

Crew, passengers saw plane interception: UAE

The UAE's General Civil Aviation Authority (GCAA) has said that Bahraini radars detected the Qatari jets as they intercepted two UAE civilian flights yesterday (Jan 15).

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