Tuesday 18 February 2020

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450,000 cu m RO PLANT
Engie consortium preferred bidder for Saudi Yanbu project

A consortium comprising French multinational utility group Engie and leading Saudi water desalination company Mowah has been named the preferred bidder to build an independent water project in Yanbu region with a capacity of 450,000 cu m per day.

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FIRM PLANS TO DELIST
DP World to return to private ownership

DP World's parent company Port and Free Zone World has offered to acquire the 19.55 per cent of DP World's shares traded on Nasdaq Dubai, returning the company to private ownership.

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2

2.4GW POWER PLANT
ADPower, Marubeni set up consortium for Fujairah IPP

Abu Dhabi Power Corporation (ADPower) and Japan-based Marubeni Corporation have set up a consortium for developing the Fujairah F3 independent power producer (IPP) project, the largest independent thermal power plant in the UAE.

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3

ANALYSIS
Next generation of data centres – predictions for 2020

Over the next year or so, major changes in green energy are expected to be introduced by the government and energy generation and distribution companies, which will have a major impact on the data centre industry, says an industry expert.

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4

ANALYSIS
Automation ‘to take over half of all jobs in 15 years’

Approximately half of all jobs will be materially impacted by automation in the next 15-20 years, said professional services firm Accenture in a new report, noting that a majority of executives agree that work is shifting from roles to projects.

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5

NEWS IN PICTURES
Spectacle of light

Sharjah Light Festival, taking place in the UAE emirate till February 15, is creating a truly festive mood with a lively and fun-filled atmosphere, bringing more fun, food, and new interactive shows for all.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Abu Dhabi ITC plans over 5,000 parking bays at Al Ain

Abu Dhabi's Integrated Transport Centre (ITC) is set to implement Phase Two of the Public Parking Management System (Mawaqif) at Al Ain City starting from March 1. It involves setting up of over 5,000 surface parking bays in the UAE city.

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Retail & Wholesale

Lulu Group's property unit launches new retail gift card

UAE-based retail group Lulu said its real estate arm Line Investments and Property has launched Laka 4U Gift Card that gives customers a wide range of shopping options from renowned brands and products across eight shopping malls in Abu Dhabi.

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Energy, Oil & Gas

Engie consortium preferred bidder for Saudi Yanbu project

A consortium comprising French multinational utility group Engie and leading Saudi water desalination company Mowah has been named the preferred bidder to build an independent water project in Yanbu region with a capacity of 450,000 cu m per day.

More…
Finance & Capital Market

Coronavirus raises risk GCC economies: S&P

Implications of the new coronavirus outbreak could weigh on growth prospects in the GCC, given the importance of the Chinese economy to global economic activity, said S&P Global Ratings in a new report.

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Analysis, Interviews, Opinions

Next generation of data centres – predictions for 2020

Over the next year or so, major changes in green energy are expected to be introduced by the government and energy generation and distribution companies, which will have a major impact on the data centre industry, says an industry expert.

More…
Industry, Logistics & Shipping

Agthia launches region’s first plant-based water bottle

Abu Dhabi-based Agthia Group, a leading food and beverages company, has launched Al Ain Plant Bottle, the region’s first plant-based water bottle, at a press conference on the sidelines of Gulfood 2020 during UAE Innovation Month.

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Travel, Tourism & Hospitality

Bahrain Tourism to launch 5th edition of Bahrain Food Festival

The Bahrain Tourism and Exhibitions Authority (BTEA) is set to launch the fifth edition of its annual Bahrain Food Festival, which will be held over two periods, with the first starting from February 20 to February 29.

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IT & Telecommunications

Siemens’ smart office platforms go live

Siemens has created a real-world showcase of a future workspace, installing its IoT-enabled smart office technologies Comfy and Enlighted in the UAE for the first time.

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Lifestyle

Palma unveils Dubai's most exclusive penthouse for $15m

UAE-based Palma Holding, a specialist in luxury residential and mixed-use complexes, has launched Dubai's most exclusive presidential penthouse at Serenia Residences on The Palm Jumeirah for Dh55 million ($15 million).

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Motoring

Kia Motors announces ‘Plan S’ strategy

Kia Motors Corporation has announced details of ‘Plan S’, its mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry.

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Health & Environment

Balloon Capsule to fight obesity

Among many existing treatments and procedures for obesity, Balloon Treatments are the newfound, non-surgical, convenient method for losing weight and helping to decrease the associated medical conditions, according to Dr Tarek Saleh.

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Media & Promotion

Ventana starts operations in Bahrain

A new strategic communication consultancy, Ventana Gulf, has recently started operating in Manama, with a mission to support corporations and other entities in Bahrain and the wider region to fulfil their growing communication requirements.

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Education, HR & Training

HCT launches first batch of 15 innovative student projects

The Higher Colleges of Technology (HCT) launched its first batch of 15 Emirati student projects, incubated at the HCT innovation and economic free zone in HCT-Dubai Men’s campus.

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Miscellaneous

A game changing initiative is unveiled at Gulfood

Oasis, a leading water brand of UAE based National Food Products Company (NFPC) today, February 16, 2020 stakes its claim as the first beverage brand in the GCC to provide drinking water for the consumer market in Tetra Pak carton packages.

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