Monday 22 January 2018

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MOST POWERFUL PASSPORT IN GCC
UAE ranks 32 in passport power index

The UAE has climbed to 32nd place on the 2018 Henley Passport Index, going up by an impressive six places year-on-year and by 29 places over the past decade — the biggest historical climb of any passport in the world.

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FIRST Q8 CARTING, MARINE CENTRE
Kuwait's $407m retail, leisure destination set for Q1 launch

Kuwait’s leading developer Tamdeen Group said work on its KD123-million ($407 million) waterfront retail and entertainment destination, Al Kout Project, has entered its final stages and was on track for launch by the first quarter.

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2

7-YEAR FOB CONTRACT
Oman signs deal to provide Singapore with LNG

Oman LNG and BP Singapore on Saturday signed a seven-year major sales and purchase agreement (SPA) for the supply of LNG to BP Singapore.

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3

SPECIAL REPORT
Apple, Google among top 50 most innovative companies

Apple, Google, Microsoft, Amazon, and Samsung top the list of the world’s 50 most innovative companies, said The Boston Consulting Group (BCG), a global management consulting firm, in a new report.

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4

SPECIAL REPORT
One-third of vehicles will be electric by 2040: Masdar

While there are about three million electric passenger vehicles on the road today, by 2040, with performance improvements and competitive pricing, over one-third of vehicles will be electric, said a new report from Masdar.

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5

NEWS IN PICTURES
Winter Wonderland

Shop Bahrain, the largest event in Bahrain, has launched ‘VIVA Winter Wonderland’, an outdoor ice skating rink located behind Al A’ali Shopping Complex in Seef District. The fun-filled event will run until February 17.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Bahrain's Amlak names contractor for new project

Bahrain's Amlak Social Insurance Organization Development Company, the real estate arm of the Social Insurance Organization (SIO), has appointed Al Ghanah Group as the main contractor for the construction of its Burj Al Saya project.

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Retail & Wholesale

Kuwait's $407m retail, leisure destination set for Q1 launch

Kuwait’s leading developer Tamdeen Group said work on its KD123-million ($407 million) waterfront retail and entertainment destination, Al Kout Project, has entered its final stages and was on track for launch by the first quarter.

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Energy, Oil & Gas

Saudi Electricity secures $2.6bn bridge loan facility

Saudi Electricity Company (SEC) said it has signed a SR9.75 billion ($2.6 billion) syndicated bridge loan facility with eight major international banks to finance its diverse general corporate purposes including capital expenditure.

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Finance & Capital Market
Analysis, Interviews, Opinions

Apple, Google among top 50 most innovative companies

Apple, Google, Microsoft, Amazon, and Samsung top the list of the world’s 50 most innovative companies, said The Boston Consulting Group (BCG), a global management consulting firm, in a new report.

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Industry, Logistics & Shipping

Kuwait logistics firm wins $690m US defence deal

Kuwait & Gulf Link Transport, an international logistics firm based in Kuwait, said it has been awarded a new contract by the US Defence department to lead logistics and distribution operations for US military personnel across the GCC.

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Travel, Tourism & Hospitality

Air Arabia adds Izmir to growing Turkey network

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, announced that, from June, it will become the first airline to connect the UAE and the Turkish city of Izmir with a direct flight.

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IT & Telecommunications

Dubai Municipality picks Nexthink as AI partner

Dubai Municipality has selected Nexthink, a top provider of digital experience management for the enterprise, as one of its key partners to assist its ongoing efforts to adopt Artificial Intelligence (AI).

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Lifestyle

Seabourn celebrates 30th anniversary with 'Ovation'

Seabourn, an ultra-luxury cruise line, will celebrate its 30th anniversary throughout the year with unique events and amenities created just for the occasion for guests, Seabourn team members and travel professional partners to enjoy.

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Motoring

Masdar inks cooperation deal with Abu Dhabi transport

UAE-based Masdar said it has signed an agreement with the Department of Transport – Abu Dhabi (DoT) to boost co-operation in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies.

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Health & Environment

Emirates Hospital pumps $2.72m into hitech facilities

Emirates Hospital, a unit of Emirates Healthcare, has announced that it had recently invested Dh10 million ($2.72 million) in advanced technology for the Neonatal Intensive Care Unit (NICU) at its facility in Jumeirah, Dubai.

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Media & Promotion

CSR in Action UAE picks 5 projects for development

The 2017 edition of the CSR in Action programme, which helps to significantly enhance the practice and awareness of CSR activities among practitioners and students, has selected five projects for further development in the pilot stage.

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Education, HR & Training

Microsoft, GEMS partner on digital transformation

Microsoft and Dubai-based leading global education provider GEMS Education have signed a memorandum of understanding (MoU) focused on digital transformation in the classroom and improving outcomes for students.

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Miscellaneous

World Government Summit to focus on future

The sixth edition of the World Government Summit (WGS 2018) in Dubai will explore vital future topics including artificial intelligence, space, youth and happiness, climate change and the Global Policy Platform.

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