Monday 22 January 2018

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$3bn SPENDING SEEN
DP World, India’s NIIF set up major investment platform

Dubai-based ports operator DP World and India's National Investment and Infrastructure Fund (NIIF) have created an investment platform to invest in ports, terminals, transportation and logistics businesses in India.

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1

FOCUS ON AI
Oracle Innovation hub opens in Dubai

Oracle has announced the opening of a first-of-its-kind Innovation Hub in Dubai to drive the implementation of artificial intelligence (AI) across the UAE.

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2

CURBS TO CONTINUE
Record conformity for oil output deal

Opec and participating non-Opec countries have achieved a record conformity level of 129 percent with their voluntary production adjustments, announced the Opec/Non-Opec Joint Ministerial Monitoring Committee (JMMC).

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3

ANALYSIS
Driven by EVs, oil demand growth will peak by 2030: report

Electric vehicles (EV) are expected to take off rapidly in the early 2020s, resulting in a drastic slowdown in oil demand growth and causing global oil demand to peak by 2030, says a report.

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4

SPECIAL REPORT
Apple, Google among top 50 most innovative companies

Apple, Google, Microsoft, Amazon, and Samsung top the list of the world’s 50 most innovative companies, said The Boston Consulting Group (BCG), a global management consulting firm, in a new report.

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5

NEWS IN PICTURES
Winter Wonderland

Shop Bahrain, the largest event in Bahrain, has launched ‘VIVA Winter Wonderland’, an outdoor ice skating rink located behind Al A’ali Shopping Complex in Seef District. The fun-filled event will run until February 17.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Drake & Scull to set up new labour camp

Dubai-based contractor Drake & Scull International continues its strong start in 2018 with its recent announcement of a new 5,000-capacity labour camp in Dubai aimed at boosting performance, productivity and projects delivery in the UAE.

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Retail & Wholesale

Kuwait's $407m retail, leisure destination set for Q1 launch

Kuwait’s leading developer Tamdeen Group said work on its KD123-million ($407 million) waterfront retail and entertainment destination, Al Kout Project, has entered its final stages and was on track for launch by the first quarter.

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Energy, Oil & Gas

$15bn investments announced at WFES

More than $15 billion worth of projects and funding were announced at the World Future Energy Summit (WFES) and its co-located events, which took place during Abu Dhabi Sustainability Week 2018 last week, hosted by Masdar.

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Finance & Capital Market
Analysis, Interviews, Opinions

Apple, Google among top 50 most innovative companies

Apple, Google, Microsoft, Amazon, and Samsung top the list of the world’s 50 most innovative companies, said The Boston Consulting Group (BCG), a global management consulting firm, in a new report.

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Industry, Logistics & Shipping

Borouge’s latest creative plastics raise interest at Plastex

Borouge, a leading petrochemical company based in the UAE, showcased its latest range of differentiated polyolefin grades for infrastructure, energy and advanced packaging applications at the Plastex exhibition in Cairo, Egypt.

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Travel, Tourism & Hospitality
IT & Telecommunications

Oracle Innovation hub opens in Dubai

Oracle has announced the opening of a first-of-its-kind Innovation Hub in Dubai to drive the implementation of artificial intelligence (AI) across the UAE.

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Motoring

Masdar inks cooperation deal with Abu Dhabi transport

UAE-based Masdar said it has signed an agreement with the Department of Transport – Abu Dhabi (DoT) to boost co-operation in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies.

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Health & Environment

Saudi German Hospital Dammam on track for 2019 opening

Middle East Healthcare Company, one of the largest healthcare service providers in Saudi Arabia, said work was progressing well on its upcoming Saudi German Hospital project in Dammam and was on track for completion by mid-2019.

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Media & Promotion

UAE postpones 'The Founder’s Memorial' launch

The UAE government has postponed the opening of 'The Founder’s Memorial' - which commemorates the country's founding father Sheikh Zayed bin Sultan Al Nahyan’s life, legacy, and values - until further notice.

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Education, HR & Training

Microsoft, GEMS partner on digital transformation

Microsoft and Dubai-based leading global education provider GEMS Education have signed a memorandum of understanding (MoU) focused on digital transformation in the classroom and improving outcomes for students.

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Miscellaneous

Intersec opens with over 1,330 exhibitors

The 20th edition of Intersec, the world’s leading trade fair for security, safety, and fire protection opened today (January 21) in Dubai, UAE featuring 1,337 exhibitors from 59 countries.

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