Thursday 22 February 2018

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KIA TERMINAL II PROJECT
Limak wins $831m funding for Kuwait airport work

Turkey-based Limak Holding has secured a KD249.2 million ($831.3 million) syndicated loan facility from National Bank of Kuwait and Kuwait Finance House for the construction of a new terminal at Kuwait International Airport.

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KEY ROUTES IDENTIFIED
RTA unveils prototype of Hyperloop design in Dubai

Dubai's Roads and Transport Authority (RTA) has unveiled the prototype of the Hyperloop design for the first time in the world, in collaboration with US-based Virgin Hyperloop One at the ongoing UAE Innovation Month 2018.

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2

DESTINATION NETWORK EXPANSION
Oman Air to launch three new routes

Oman Air, the national carrier of Oman, is launching three new routes this year covering Turkey, Morocco and Russia.

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3

TECHNOLOGY
How 5G will lead to new network paradigms

5G brings a unique combination of ultra high-speed broadband speed of 10Gbps with a latency of less than a millisecond, says an industry expert, noting that this opens up new use cases, including real-time monitoring and autonomous driving.

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4

ANALYSIS
Technology and the future of finance

There are tasks at which machines are poor and humans are excellent, says an industry expert, pointing out that these tasks can be broken down into: what should the machines be doing, are they doing it and how do customers feel about it.

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5

NEWS IN PICTURES
Enchanting performance

Scottish violin star Nicola Benedetti joined the outstanding British ensemble Orchestra of the Age of Enlightement to captivate an Abu Dhabi Festival audience with unparalleled renditions of works by Beethoven.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Gulf Property Show search engine goes live

A dedicated search engine linked to Gulf Property Show, a leading boutique showcase for the real estate development sector in the Northern Gulf, has opened for business. The top property expo will be held in Bahrain from April 24 to 26.

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Retail & Wholesale
Energy, Oil & Gas

Abu Dhabi, Singapore sign 9 utility project deals

Abu Dhabi government and Singapore have signed nine MoUs, in the utility sector, to facilitate development of joint projects in knowledge sharing, joint research and technology transfer in power and water sectors.

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Finance & Capital Market

Emirates NBD inks Unec's Dubai project finance deal

Emirates NBD, a leading UAE-based bank, has successfully concluded financing amounting to Dh1.3 billion ($354 million) for Unec towards building work on Dubai-based property developer Nakheel’s Deira Mall project.

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Analysis, Interviews, Opinions

Top five trends for millennial employability

With a crisp university degree in one hand, millennials can now take on the world... but just how relevant are today’s degrees in preparing the future workforce for the working world?

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Industry, Logistics & Shipping

Agility 2017 net profit surges 16pc to hit $228m

Kuwait-based Agility, a leading global logistics provider, has reported a net profit of KD68.5 million ($228 million) for 2017, as against KD59.1 million in the previous year, marking an increase of 16 per cent.

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Travel, Tourism & Hospitality

Flydubai revenues hit $1.49bn in 2017

Flydubai's total revenue for the year 2017 hit Dh5.5 billion ($1.49 billion), jumping 9.2 per cent compared to the same period in 2015, with profits reaching Dh37.3 million ($10.1 million).

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IT & Telecommunications
Lifestyle

Dorchester Collection to manage luxury project on The Palm

UAE-based developer Omniyat has announced that Dorchester Collection will manage its luxury One Palm development on The Palm Jumeirah, Dubai - the first residential development in the Middle East to be managed by the hospitality brand.

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Motoring

EK Kanoo opens new Toyota centre in Bahrain

Ebrahim K Kanoo, the sole distributor of Toyota and Lexus vehicles in Bahrain, has officially inaugurated the newly renovated Arad Service Centre to cater to both Toyota and Lexus customers in the Muharraq area of the kingdom.

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Health & Environment

Cleveland Clinic Abu Dhabi achieves key medical milestone

Cleveland Clinic Abu Dhabi has achieved a major medical milestone with the successful completion of full liver and lung transplants at the hospital this month, following the heart and kidney transplants which were conducted last year.

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Media & Promotion

Shop Bahrain generates over $50m in revenue

Shop Bahrain, the largest event in the kingdom, generated a record BD19 million ($50.2 million) in revenues over a 30-day festival period, a significant increase over the BD8 million ($21.1 million) recorded last year, it was announced.

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Education, HR & Training

Careers UAE to welcome thousands of Emirati youth

Careers UAE, a major hobs fair Dubai, UAE will open its doors in March to welcome thousands of Emirati students, fresh graduates and young professionals seeking full-time positions in some of the region’s top private and public organisations.

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