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RUSSIAN, UK BANKS TARGETED
Massive cyberattack hits global companies, causes turmoil
A major cyber attack worldwide disrupted computers at Russia's biggest oil company, Ukrainian banks and multinational firms, media reports said.
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30-MONTH PROGRAMME
Dewa awards $68.5m contract for water pipeline project
Dubai Electricity and Water Authority (Dewa) has awarded a contract to supply, extend and commission 40km of water pipelines, at a total cost of Dh248 million ($68.5 million).
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FUNDING BOOST FOR OXYMEM
Saudi Aramco unit buys into Irish wastewater company
Global oil giant Saudi Aramco said its corporate venturing subsidiary Saudi Aramco Energy Ventures (SAEV) has acquired a major stake in Irish wastewater treatment technology company OxyMem.
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ANALYSIS
World economy ‘likely to see big growth in H2’
The world economy is showing decent signs of growth for the second half (H2) of the year, although momentum is expected to moderate somewhat, a report said.
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ANALYSIS
Market forces will drive climate change efforts
Following the announcement by President Donald Trump that the US will withdraw from the COP21 agreement, an industry expert has said that the move will not be detrimental to climate protection efforts.
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NEWS IN PICTURES
Mega fun at Modhesh World
Modhesh World opens in Dubai for another season of excitement with six new 'fun zones'.
Top Trade News
 | Industry Sectors |
Balfour Beatty sees human-free construction site by 2050
Leading infrastructure group Balfour Beatty is foreseeing a human free building site by 2050 with work moved off-site through remote control of machinery and new materials and techniques exploited to improve cost, safety and efficiency.
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Eid cheer continues at Majid Al Futtaim malls
Majid Al Futtaim malls across the UAE will continue in the Eid festive mood with shopping deals, live entertainment and traditional celebrations until July 1.
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Saudi Aramco unit buys into Irish wastewater company
Global oil giant Saudi Aramco said its corporate venturing subsidiary Saudi Aramco Energy Ventures (SAEV) has acquired a major stake in Irish wastewater treatment technology company OxyMem.
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Islamic finance growth 'likely to slow in 2018'
The Islamic finance industry will continue to expand this year, but lose some momentum in 2018, said S&P Global Ratings in a new report.
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World economy ‘likely to see big growth in H2’
The world economy is showing decent signs of growth for the second half (H2) of the year, although momentum is expected to moderate somewhat, a report said.
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Aramco signs up Savage for industrial rail switching ops
Savage Saudi Arabia, a key provider of expert refinery and industrial services, has entered into an agreement with state oil giant Saudi Aramco to operate one of the first industrial rail switching facilities in the kingdom.
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Boeing inks deals worth $74.8bn at Paris Air Show
Boeing strengthened its market position incremental orders and commitments during the Paris Air Show week with a total of 571 Boeing airplanes, valued at $74.8 billion at list prices.
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GSMA mobile IoT initiative takes off worldwide
The GSMA has announced that its Mobile IoT Initiative has taken off with the launch of multiple commercial rollouts of Low Power, Wide Area (LPWA) solutions by several of the world’s leading mobile operators.
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Diamond boutiques launched on superyachts
International diamond brand Samer Halimeh New York (NY) has partnered with SSH Maritime, a leading yacht charter, to launch a series of summer diamond boutiques on the superyachts represented by SSH Maritime.
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Dubai set to enforce new driver licence rules
Dubai’s Roads and Transport Authority (RTA) in Dubai will start the implementation of the new Executive Regulation of the Federal Driving & Traffic Law on July 1.
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Yemen hit by world's worst cholera outbreak
Yemen is now facing the worst cholera outbreak in the world with suspected cases exceeding 200,000 and the number is increasing at an average of 5,000 a day, the United Nations has warned.
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DDB Dubai names new managing director
DDB Dubai, a unit of advertising and marketing network DDB Worldwide, has appointed Iris Minnema as its managing director.
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Egyptian architect wins award for Trend Micro office design
Architect Dalia Sadany, the creative mind behind the flagship office of Trend Micro, a global leader in cybersecurity solutions, in Egypt, has won top honours at the prestigious A' Design Award and Competition.
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Third Point takes $3.4 billion stake in Nestle
Activist investor Daniel Loeb's Third Point has taken a stake of 3.28 billion Swiss francs ($3.4 billion) in Switzerland's Nestle and urged the world's largest packaged-foods company to find ways to accelerate growth, media reports said.
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