Sunday 19 August 2018

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MULTIPLE INDUSTRIES TARGETED
Sabic, US firm partner to develop breakthrough products

Saudi Arabia’s Sabic, a global leader in the chemical industry, has partnered with US-based innovation and product design firm Nottingham Spirk to accelerate innovations with speciality materials across multiple industrial verticals.

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1

46 HOUSING PROJECTS COMPLETED
Saudi Arabia awards contract for 10,000 residential units

Saudi government has signed two major agreements with real estate development companies to build some 10,000 housing units in Jeddah for beneficiaries of the Sakani (My Home) programme, said a report.

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2

DRILLING ASSETS OFFLOADED
Global shipping giant Maersk to exit energy sector

Denmark-based AP Moller-Maersk, the owner of the world’s biggest shipping operations, has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry, said a report.

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3

ANALYSIS
8 factors that help gain market access to Mena

UL, a global leader in helping firms enter international markets, has revealed the factors that need to be tackled by global manufacturers to gain market access to any country in the Mena region.

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4

ANALYSIS
GCC debt issuance to exceed $50bn in 2018: Fisch

GCC sovereign issuance is on track to exceed $50 billion in 2018, surpassing last year’s levels, according to Zurich-based Fisch Asset Management, a specialist in select investment strategies.

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5

IMAGE OF THE DAY
Abu Dhabi marks India I-Day in style

Passengers from India and Pakistan being greeted in style at the Abu Dhabi International Airport on August 15 with sweets and traditional Indian tea to mark their Independence Day as they enter the Arrival and Baggage Claim Halls section.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Union Properties swings to Q2 net profit

Dubai-based developer Union Properties has reported a profit of Dh24.7 million ($6.7 million) attributable to shareholders for the second quarter compared to a loss of Dh2.29 billion for the same period last year.

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Retail & Wholesale
Energy, Oil & Gas

Saudi Aramco reinforces key role in global energy supply

State oil giant Saudi Aramco has reinforced its role as the number one producer of crude oil and condensate, adding value by integrating refining and chemicals production, and expanding cleaner natural gas supply to meet domestic demand.

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Finance & Capital Market

Moody's downgrades Turkey's long-term issue ratings

Moody's Investors Service has downgraded the Government of Turkey's long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for downgrade that was initiated in June.

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Analysis, Interviews, Opinions

8 factors that help gain market access to Mena

UL, a global leader in helping firms enter international markets, has revealed the factors that need to be tackled by global manufacturers to gain market access to any country in the Mena region.

More…
Industry, Logistics & Shipping

Global shipping giant Maersk to exit energy sector

Denmark-based AP Moller-Maersk, the owner of the world’s biggest shipping operations, has decided to list its drilling unit separately, marking its latest step toward a complete exit from the energy industry, said a report.

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Travel, Tourism & Hospitality

Gulf Air receives first Airbus A320neo

Gulf Air, the flag carrier of Bahrain, has taken delivery of its first A320neo, an Airbus aircraft, being powered by CFM LEAP-1A engines. With this delivery, Gulf Air has become the first Middle Eastern national carrier to fly the A320neo.

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IT & Telecommunications

Batelco launches novel programme for employees

Batelco, the leading digital solutions provider in Bahrain, has launched a novel programme ‘Together We Grow’, which is aimed at enhancing the culture of direct communication between the executive management and the employees.

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Motoring

Al Majid Motors opens new Kia outlet in Fujairah

Al Majid Motors Company, a unit of Juma Al Majid Holding Group and an exclusive distributor for Kia Motors in the UAE, has launched its all new 5400-sq-m sales and after-sales centre at Haleefat area in Fujairah.

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Health & Environment

AlixPartners to oversee AGHF's separation from Abraaj Group

Major investors of Abraaj Growth Markets Health Fund (AGHF) including Bill & Melinda Gates Foundation, CDC Group and Philips have signed up consulting firm AlixPartners to oversee the fund's separation from Abraaj Group.

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Media & Promotion
Education, HR & Training

Batelco launches novel programme for employees

Batelco, the leading digital solutions provider in Bahrain, has launched a novel programme ‘Together We Grow’, which is aimed at enhancing the culture of direct communication between the executive management and the employees.

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Miscellaneous

Bahrain King pledges aid to Kerala flood victims

His Majesty King Hamad has extended a lifeline to distressed people in the south Indian state of Kerala, which has been hit by the worst floods in a century leaving more than 300 people dead and forcing 223,000 into relief camps.

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