Wednesday 22 February 2017

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MAJOR GROWTH PLANS
Nearly 30,000 hotel rooms to open in Saudi Arabia

Riyadh, Jeddah, Al Khobar and Makkah are set to be Saudi Arabia's busiest areas for hospitality development, with a record 68 new hotels and 29,033 hotel rooms expected open across these major cities in 2017.

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1

NEW TRAVEL BAN UNDERWAY
Trump admin widens net for deportations

The US Department of Homeland Security Tuesday issued new memos based on President Trump’s executive orders for aggressive enforcement of immigration laws, including a massive expansion of the number of people detained and deported.

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2

PRICE CUT OVER CYBER ATTACKS
Verizon, Yahoo agree lowered $4.48 billion deal

Verizon Communications said on Tuesday it would buy Yahoo’s operating business for $4.48 billion, lowering its original offer by $350 million in a concession for two massive cyber attacks at the internet company.

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3

SPECIAL REPORT
GCC healthcare set to top non-oil investments

The healthcare industry in the GCC is expected to receive the highest volume of investments in 2017 amongst non-oil sectors, followed by hospitality and tourism, a report said.

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4

SPECIAL REPORT
Ageing – Passing the baton to Asia

The ageing phenomenon has been a dominant feature of Western economies over the past few decades, but Asian economies will age the most rapidly in the next phase, with China and Thailand among those set to age fastest, a report said.

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5

NEWS IN PICTURES
Messi promotes Egypt’s medical tourism drive

FC Barcelona's Argentinian striker Lionel Messi at the Mena House Hotel near the Pyramids of Giza in Egypt on February 21. Messi arrived on a one-day visit to promote the country's Tour n'Cure medical tourism campaign.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Qatar to boost spending on smart infrastructure

Qatar is currently spending $500 million a week on capital projects in preparation for its Fifa World Cup 2022 extravaganza and over the next five years it is set to boost expenditure on smart infrastructure developments, said a report.

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Retail & Wholesale

Enoc to set up 10 new service stations in 2017

Emirates National Oil Company Group (Enoc) has announced plans to build 10 new service stations this year, as part of its 2020 expansion programme to increase its retail network capacity by 40 per cent.

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Energy, Oil & Gas

Kuwait Styrene Company net profit up 11pc

The Kuwait Styrene Company (TKSC), a joint venture between Kuwait Aromatics Company and Dow Chemical Company, has registered a 11 per cent growth in its 2016 net profit which soared to $107 million from $97 million the previous year.

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Finance & Capital Market

IBM, Visa team up for payments via IoT

IBM and Visa announced the industry’s first collaboration that brings the point of sale everywhere Visa is accepted, by allowing businesses to quickly introduce secure payment for any device connected to IoT.

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Analysis, Interviews, Opinions

GCC healthcare set to top non-oil investments

The healthcare industry in the GCC is expected to receive the highest volume of investments in 2017 amongst non-oil sectors, followed by hospitality and tourism, a report said.

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Industry, Logistics & Shipping

Swisslog to launch new warehouse management software

Swisslog Warehouse & Distribution Solutions, a leading automation expert for robot-based and data driven intralogistics solutions, is introducing SynQ, the next generation of its proven warehouse management software platform.

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Travel, Tourism & Hospitality

Flydubai to boost flights during Kuwait National Day

Flydubai will operate up to 14 flights a day between Kuwait and Dubai between February 22 and 27 to accommodate the increase in passengers travelling between the two cities during Kuwait’s 56th National and Liberation Day holiday.

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IT & Telecommunications

Ooredoo Kuwait net profit hits $153m, up 75pc

National Mobile Telecommunications Company (Ooredoo Kuwait) said its net profit for 2016 surged to KD46.7 million ($152.5 million) in 2016, up 75 per cent compared to the previous year.

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Lifestyle

Liposuction top cosmetic surgery at Dubai hospital

Liposuction topped the list of cosmetic procedures at the American Academy of Cosmetic Surgery Hospital (AACSH) a leading health provider dedicated to cosmetic surgery in Dubai, UAE during 2016, said a report released by the hospital.

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Motoring

Hyundai announces global launch of new Accent

Hyundai Motor has announced the world premiere of its fifth-generation Hyundai Accent at the Canadian International Auto Show in Toronto which runs till February 26.

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Health & Environment
Media & Promotion

MBC, Ooredoo launch new HD Arabic channel

Leading communications company Ooredoo has partnered with MBC Group, a free-to-air satellite broadcasting company, to launch a new high definition (HD) Arabic content channel on its IPTV service in Qatar.

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Education, HR & Training

Rockwell Collins expands UAE internship program

Rockwell Collins, a pioneer in the development of innovative aviation solutions, has announced plans to expand its internship program with Khalifa University based in Abu Dhabi, UAE.

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Miscellaneous

Bahrain gears up for 10-day food festival

More than 50 prominent food industry outlets will be taking part in this year's ‘Bahrain Food Festival,’ which kicks off on February 25 and will run for the next 10 days attract food enthusiasts from the kingdom and the neighbouring GCC countries.

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