Friday 20 January 2017

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‘JUST THE MESSENGER’
Trump pledges unity as inauguration festivities begin

Donald J Trump swept into Washington, DC on Thursday on the eve of his inauguration as the 45th president of the US and pledged to unify America as he addressed cheering supporters.

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1

GLOBAL LEVELS TOO DROP
Mideast business confidence drops amid global uncertainty

Business confidence in the Middle East remained subdued in Q4 2016, with 51 per cent of firms reporting that they feel less confident about the future, according to a report.

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2

BANKING FEES TOP $820m
Mideast debt issuance hits $77bn, highest since 1980

Middle Eastern debt issuance reached $77.8 billion in 2016, a 145 per cent increase compared to the value raised during 2015 and by far the highest annual total in the region since records began in 1980, said a report from Thomson Reuters.

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3

ANALYSIS
Mideast M&A activity set for major increase

M&A activity in the Middle East appears to be on the cusp of a significant increase, particularly in the UAE where the economic fundamentals, such as anticipated GDP growth continue to draw investors to the region, an industry expert said.

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4

SPECIAL REPORT
98pc of Gen Z consumers still shop in-store

Despite expectations that the first “digitally native” generation would want to shop online, a new study released by IBM indicates that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.

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5

NEWS IN PICTURES
Trumpmobile

A custom 'Trumpmobile' on the streets a day before Donald J Trump is sworn in as the 45th President of the United States in Washington, DC on January 19. Trump won the November 8 election to become the next US President.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Building materials rate hike 'may push up property prices'

The escalation of certain building materials prices will push the construction cost upwards and that might have a knock-on effect on property prices going forward, said a Dubai-based property developer.

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Retail & Wholesale

Smart Stores Expo to showcase top-notch solutions

Smart Stores Expo 2017 will offer a wide range of solutions including architecture, design, audio visual equipment, retail logistics & store simulations when it opens in Abu Dhabi, UAE next week.

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Energy, Oil & Gas

World Future Energy Summit sees 60pc growth in buyer demand

The 10th edition of the World Future Energy Summit (WFES) ended Thursday, with strong growth in commercial activity surrounding the event and the number of hosted business meetings surging by more than 60 per cent.

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Finance & Capital Market

Abraaj Group acquires majority stake in Chile firm

The Abraaj Group, a UAE-headquartered investor, has acquired through its funds a majority stake in Casaideas, a leading home design and home decorations business with growing market presence in Chile, Peru and Bolivia.

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Analysis, Interviews, Opinions

98pc of Gen Z consumers still shop in-store

Despite expectations that the first “digitally native” generation would want to shop online, a new study released by IBM indicates that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.

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Industry, Logistics & Shipping

Bahri reports $469m net profit

National Shipping Company of Saudi Arabia (Bahri), a leader in logistics and transportation, has reported a net profit of SR1.76 billion ($469.3 million) for the year ending December 31, 2016.

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Travel, Tourism & Hospitality
IT & Telecommunications

DarkMatter launches cyber security research programme

DarkMatter, the international cyber security firm headquartered in the UAE, has inaugurated its research and development programme with the signing of a series of agreements with notable top tier institutions around the world.

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Lifestyle

Bahrain Duty Free launches premium watches boutique

Bahrain Duty Free has unveiled the latest addition to its upgraded departures retail outlet at Bahrain International Airport, with the opening of a dedicated premium watches boutique.

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Motoring

Mercedes-Benz launches special edition of Actros truck

Mercedes-Benz Trucks Mena, together with Emirates Motor Company (EMC), its authorised distributor in Abu Dhabi, recently launched a special edition Actros truck in celebration of the model’s 20th anniversary.

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Health & Environment

ADSW holds student event on sustainability

More than 600 students from the UAE and countries around the world took part in the second annual “Student Exclusive” at Abu Dhabi Sustainability Week (ADSW) in the UAE capital yesterday (January 18).

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Media & Promotion
Education, HR & Training

Saudi summit on private sector role in education

The Saudi Arabian Ministry of Education and the Tatweer Building Company recently organised a conference in Riyadh focusing on greater private sector engagement in education reform in the Kingdom.

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Miscellaneous

Masdar partners with Thales for hybrid airship

UAE-based Masdar Institute of Science and Technology has signed a MoU with French company Thales/Thales Alenia Space and French engineering university Mines ParisTech to develop applications for the Stratobus drone-satellite hybrid airship.

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