Sunday 23 July 2017

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LOWEST SINCE Q2 2016
Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS).

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1

67GW SCHEMES IN PIPELINE
Mena plans $200bn investment in renewable sector

The Middle East and North Africa (Mena) region is embarking on a massive programme to develop renewable energy, that will require more than $200 billion in investment, a report said.

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2

$272m PROJECT
Dubai’s Parallel Roads project set for Q4 opening

Phase One of Dubai’s Parallel Roads Improvement Project is 85 per cent complete and all construction works under this phase would be finished in the final quarter of 2017, said a top official.

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3

TECHNOLOGY
GCC drones market likely to hit $1.5bn by 2022

The market for drones in the GCC could reach $1.5 billion by 2022, a report said, with much of this coming from oil and gas, and utilities — which respectively are projected to constitute 43 per cent and 32 per cent of the market.

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4

SPECIAL REPORT
PC shipments in EMEA decrease 3.5pc in Q2

PC shipments in EMEA (Europe, Middle East and Africa) totalled 17 million units in the second quarter of 2017, a 3.5 per cent decline year over year, according to preliminary results by Gartner, leading research and advisory company.

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5

NEWS IN PICTURES
Etihad Museum honours the Founding Fathers

The Etihad Museum tells the story of the 1971 Union Agreement through the eyes of the Founding Fathers. The portraits of the Founding Fathers are complemented by interactive screens showcasing historical photos, videos and family trees.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi's residential market 'under pressure'

Sluggish economic growth along with higher cost of living and lower oil revenues continue to place downward pressure on Abu Dhabi's residential real estate market, said a report.

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Retail & Wholesale

Majid Al Futtaim gives away Infiniti as part of DSS

Majid Al Futtaim, a leading shopping mall and leisure pioneer across the Middle East, Africa and Asia – has given away the first of six Infinity Q50 cars as part of Dubai Summer Surprises.

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Energy, Oil & Gas

Mena plans $200bn investment in renewable sector

The Middle East and North Africa (Mena) region is embarking on a massive programme to develop renewable energy, that will require more than $200 billion in investment, a report said.

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Finance & Capital Market

Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS).

More…
Analysis, Interviews, Opinions

GCC drones market likely to hit $1.5bn by 2022

The market for drones in the GCC could reach $1.5 billion by 2022, a report said, with much of this coming from oil and gas, and utilities — which respectively are projected to constitute 43 per cent and 32 per cent of the market.

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Industry, Logistics & Shipping

Siemens JV wins big Indonesia power plant order

German engineering company Siemens said its joint venture with Spain's Gamesa has won a 20-turbine order from Equis Energy, a leading renewable energy firm in Asia-Pacific region, for its wind power plant in Indonesia.

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Travel, Tourism & Hospitality

AccorHotels to rebrand landmark Dubai properties

AccorHotels today signed an agreement with Al Ghurair, one of the Middle East’s leading family businesses, for the rebrand of a landmark property consisting of 428 rooms and 192 apartments located at Al Ghurair Centre Complex.

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IT & Telecommunications
Motoring

New Nissan Leaf to come with e-Pedal

Nissan has announced that the widely anticipated new Nissan Leaf will come with e-Pedal, a revolutionary technology that transforms the way we drive.

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Health & Environment

UAE to hire new batch of female nurses

The UAE Ministry of Health and Prevention has announced plans to hire the new batch of female nurse scholars in various hospitals and healthcare units run by the ministry across the country.

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Media & Promotion

DIFF365 launches year-long drive of comedy films

Du-powered DIFF365@VOX has launched a year-long initiative featuring cuddle comedy films starting with Andrew Rossi’s fashion-themed non-fiction “The First Monday in May”.

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Education, HR & Training

Oracle to hire 1,000 new sales staff across EMEA

Oracle plans to hire announces 1,000 new sales representatives in Europe, Middle East and Africa under the ‘Change Happens Here’ to support the growth of Oracle’s cloud computing business.

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Miscellaneous

Alshaya signs franchise with US pizza company

MH Alshaya, a top retail franchise operator in Kuwait, has signed an agreement with US-based Blaze Fast-Fire'd Pizza, a leading fast-casual artisanal pizza chain, to build and operate multiple Blaze Pizza restaurants across Mena.

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