Friday 16 April 2021

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FOCUS ON WEALTH CENTRES
Citi to close retail banking in Bahrain, India, China

Citigroup has said it will close retail banking operations in 13 countries across Asia and parts of Europe, including Bahrain, to focus more on wealth management outside the US.

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1

PLANT SET FOR 2024 COMPLETION
Samsung wins $650m Saudi petchem plant contract

Samsung Engineering Company, a leading engineering, procurement, construction and project management (EPC&PM) company, said it has clinched a $650 million deal to build a petrochemical plant at Jubail Industrial City II in Saudi Arabia.

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2

FIRST NON-US CITY TO RUN SERVICE
Dubai RTA, Cruise sign pact to operate self-driving taxis

Dubai’s Roads and Transport Authority (RTA) and Cruise, a leading US-based autonomous vehicle company, have signed an agreement as part of which Cruise will operate self-driving taxis and ride-hailing services in the emirate.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Summertown Interiors seals Times Square Dubai contract

Summertown Interiors, one of the UAE's top sustainable fit-out contractors, said it has been awarded the deal for refurbishment of the food court, Picnic Square, within Times Square Center, one of the newest community-oriented malls in Dubai.

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Retail & Wholesale

Redtag partners with Samsung for Ramadan raffle

Redtag, the region’s favourite homegrown value fashion and homeware brand, has partnered with Samsung to launch a special Ramadan bonanza raffle, to wow and delight its customers over the festive month.

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Energy, Oil & Gas

Samsung wins $650m Saudi petchem plant contract

Samsung Engineering Company, a leading engineering, procurement, construction and project management (EPC&PM) company, said it has clinched a $650 million deal to build a petrochemical plant at Jubail Industrial City II in Saudi Arabia.

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Finance & Capital Market

GSB launches new wealth management service

GSB Capital, a provider of wealth management and financial guardianship solutions, has launched a new wealth management offering in Dubai as part of its plans to deliver tailored solutions for private and corporate clients.

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Analysis, Interviews, Opinions

Vaccination drive to spur faster growth in GCC

While the IMF has predicted GDP growth in Mena to pick up to 4% this year, the growth is not expected to be even across the region and GCC could see an accelerated growth due to its strong vaccination programmes, says an industry expert.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Jabal Omar ropes in Archipelago to manage premium Makkah hotels

Leading Saudi real estate group Jabal Omar Development Company (JODC) has signed up Archipelago International, a leading hospitality group in Southeast Asia, for management of two key hotels coming up within its ambitious project in Makkah.

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IT & Telecommunications
Lifestyle

Hyundai Motor’s Staria MPV debuts

Hyundai Motor Company has officially launched its new Staria multi-purpose vehicle (MPV) lineup via a digital world premiere, establishing a model for its future Purpose Built Vehicles (PBVs).

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Motoring

Dubai RTA, Cruise sign pact to operate self-driving taxis

Dubai’s Roads and Transport Authority (RTA) and Cruise, a leading US-based autonomous vehicle company, have signed an agreement as part of which Cruise will operate self-driving taxis and ride-hailing services in the emirate.

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Health & Environment

Chapman Taylor wins Qatar hospital design contract

Chapman Taylor, a global architect and masterplanner, said it has been signed up by UCC Holding to develop the design for the façade of a new hospital in Qatar. A 250-bed facility, View Hospital, will come up on a 95,000-sq-m area in Al Qutaifiya.

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Media & Promotion

Dubai company plans collection of Strongman NFTs

Dubai-based, global sport event company, CoreSports has announced that it will be diversifying to be the first-ever company to create non-fungible tokens (NFTs) for the Strongman sport, under its World’s Ultimate Strongman brand.

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Education, HR & Training
Miscellaneous
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