Monday 26 February 2018


Gulf Air unveils five-year action plan; to boost fleet, new routes

Bahrain's national carrier Gulf Air has rolled out its new corporate strategy for 2018 and beyond which includes major network expansion by introducing eight new routes, boosting fleet strength and offering best in class products and services.



SNC-Lavalin's 2017 net income surges 50pc to $382m

SNC-Lavalin, a leading engineering and construction group, has posted a net income of $382 million, attributable to shareholders for 2017, up 50 per cent over the previous year, thanks to divestment of certain non-core and low growth businesses.



Dubai innovation rank rises to 14th in global index

Dubai has once again improved its innovation performance climbing one spot to rank 14th among 30 global cities on the 3rd Dubai Innovation Index, outperforming major business destinations such as Berlin, Madrid, Shanghai and Sao Paulo.



How safe are you around your smart TV?

Now, you probably enjoy watching your smart TV, but chances are that you don’t want it to watch you, too, but ‘watch its watchers’ is precisely what these TVs can do, says an industry expert.



Cryptocurrencies: Bubble or no bubble

Cryptocurrencies are most like a speculative instrument, versus an asset class or a currency, said S&P Global Ratings in a new report, noting that the current version has many characteristics of a traditional bubble.



Promoting local talent

Dubai Airports, in association with Dubai Culture and Arts Authority, unveiled an art exhibition comprising artwork from 11 Emirati artists at the Al Majlis VIP facility at DXB on Sunday.


Top Trade News


Industry Sectors

Construction & Real Estate

MAG awards big contracts for $1.2bn Dubai project

UAE-based developer MAG Group has signed up Opal as the interior design consultant for its Dh4.7-billion ($1.27 billion) MAG Eye project coming up in Meydan, Dubai. VX Studio has been appointed peer review consultant.

Retail & Wholesale

Saudi PIF mulls $400m fuding in US startup Magic Leap

Saudi Arabia’s sovereign wealth fund Public Investment Fund is in talks to invest as much as $400 million in Florida-based Magic Leap in a deal that would take the US tech start-up’s total fundraising to $2.3 billion, said a report.

Energy, Oil & Gas

Opec sees record conformity to output cut deal

Opec and participating non-Opec producing countries have started 2018 with an outstanding conformity level in their voluntary production adjustments, reaching over 130 per cent, said a report.

Finance & Capital Market

Abraaj in major revamp, names new leadership team

UAE-based Abraaj, a leading investor operating in emerging growth markets, has announced broad changes to the firm’s governance and operating model and also the appointment of a new leadership team.

Analysis, Interviews, Opinions

How safe are you around your smart TV?

Now, you probably enjoy watching your smart TV, but chances are that you don’t want it to watch you, too, but ‘watch its watchers’ is precisely what these TVs can do, says an industry expert.

Industry, Logistics & Shipping

Djibouti seizes control of port from DP World

The Government of Djibouti today 'illegally' seized control of the Doraleh Container Terminal from a Dubai Ports World owned entity that designed, built and operated the terminal since 2006, a DP World statement said.

Travel, Tourism & Hospitality

IATA says 2017 safest year for global aviation industry

Commerical airline industry showed continued safety improvements in nearly all key metrics and regions in 2017 with the all accident rate (measured in accidents per 1 million flights) standing at 1.08 over 1.68 the previous year, said a report.

IT & Telecommunications

Batelco 2017 revenues up 3pc to $380m

Bahrain-based Batelco, a regional telecom group, has posted revenues of BD379.4 million ($1,006.4 million) for the full year 2017, as compared to BD367.1 million ($973.7 million) in 2016 marking a 3 per cent rise.


Dorchester Collection to manage luxury project on The Palm

UAE-based developer Omniyat has announced that Dorchester Collection will manage its luxury One Palm development on The Palm Jumeirah, Dubai - the first residential development in the Middle East to be managed by the hospitality brand.


BMW to unveil new sports X4 at Geneva show

BMW will hold the world premiere for the new BMW X4, the new edition of the first Sports Activity Coupe at the premium end of the mid-size class at the Geneva International Motor Show running from March 8 to 18.

Health & Environment

650 pharmaceutical firms to attend Dubai expo

More than 650 companies in the pharmaceutical industry from 75 countries will participate at the upcoming 23rd edition of Dubai International Pharmaceutical and Technology Conference and Exhibition (Duphat 2018), next week in Dubai, UAE.

Media & Promotion

Saudi boosts global corruption perception index rankings

Saudi Arabia has made a remarkable progress in its fight against graft by ranking 57 in the latest 2017 Corruption Perception Index (CPI), moving up by five places from the previous year's ranking of 62, said a report.

Education, HR & Training

Saudi Aramco sets up National Power Academy

Saudi Aramco, in association with nine local and international organizations, has established the National Power Academy (NPA) to provide the local and regional markets with highly qualified staff.


Arab Forces shoot down missiles from Houthi militia

The Saudi-led Arab Coalition’s Patriot system intercepted two ballistic missiles fired by the Houthi militias on Marib Governorate inYemen and destroyed them before they reached the Yemeni city, said a report.

Live rates widget is provided by - Forex Reviews and News

calendarCalendar of Events