Saturday 14 December 2019

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OVER 5,000 RESIDENTIAL UNITS
MAG breaks ground on $2bn Dubai mixed-use development

UAE-based MAG Development has broken ground on the ‘Mag City, a $2-billion mixed-use project featuring a total of 5,100 residential units in addition to retail and other amenities located at Meydan District 7 in Mohammed Bin Rashid City, Dubai.

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T&D EQUIPMENT TOP THE LIST
MEA power plant tenders activity down 36pc in Q3

There has been a sharp drop in the tender activity linked to the power plant projects across the Middle East and Africa (MEA) region during the third quarter with only 29 such bids announced over last 12-month average of 45, said a report.

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OPERATIONS LIKELY IN H2 2020
Abu Dhabi to set up new budget carrier with Hungary's Wizz Air

Abu Dhabi Developmental Holding Company (ADDH) said it has reached an agreement in principle for the establishment of a local low-cost airline in the UAE capital in partnership with Hungary's Wizz Air. It is likely to start operations by 2020-end.

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ANALYSIS
Are you getting a balanced (musical) diet?

Nutritional experts across the globe agree that our bodies require a balanced diet of nutrients to maintain a healthy lifestyle. But can our music listening habits also influence our wellbeing?

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4

ANALYSIS
A second great recession highly unlikely: report

The global economy is not likely to witness another Great Recession-style collapse, despite several indicators to the contrary in recent months, according to a newly-published report by the Arab Strategy Forum.

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NEWS IN PICTURES
The Vanishing Pole

An exclusive exhibition showcasing images of the endangered wildlife in the Arctic region, captured by the award-winning wildlife photographer Nitin Michael, will be hosted at the Time Square Centre from December 12, 2019, to January 13, 2020.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Emaar launches sale of premium Dubai Creek Harbour tower

Leading Dubai developer Emaar has announced the sales launch of Vida Residences Creek Beach, a premium waterfront development featuring a luxurious collection of one-, two- and three-bedroom apartments, located at Dubai Creek Harbour.

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Retail & Wholesale

Zara to open its first store in Ras Al Khaimah

Al Hamra, a top real estate developer and services provider in the UAE and Dubai Holding Group said that Zara, a popular high street brand, will open its first store in Ras Al Khaimah at Manar Mall in the first quarter of 2020.

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Energy, Oil & Gas

MEA power plant tenders activity down 36pc in Q3

There has been a sharp drop in the tender activity linked to the power plant projects across the Middle East and Africa (MEA) region during the third quarter with only 29 such bids announced over last 12-month average of 45, said a report.

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Finance & Capital Market

Dubai's openness makes it ideal investment destination

The policy of openness in Dubai and the support extended to innovative projects and entrepreneurship have made the city an ideal investment destination, said HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.

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Analysis, Interviews, Opinions

China’s Belt & Road Initiative on fast track: report

Over the past six years since its inception, China’s Belt and Road Initiative (BRI) has grown exponentially, starting with investment in infrastructure, but quickly expanding to include education, media and tourism, a report said.

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Industry, Logistics & Shipping

Arab-Brazilian Chamber inks deal with Abu Dhabi Ports

The Arab-Brazilian Chamber of Commerce said it has signed a strategic agreement with the Abu Dhabi Ports, that will pave way for more robust technical co-operation, port promotion, and joint business-related events and activities.

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Travel, Tourism & Hospitality

Kuwait budget carrier Jazeera launches flights to Al Ain

Kuwait's leading low-cost airline Jazeera Airways has begun its thrice-a-week service to the UAE city of Al Ain. It will be operating Airbus A320 and A320neo on the new route, offering a total of 162 seats - 150 economy and 12 business class.

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IT & Telecommunications
Lifestyle

Riyadh to host new contemporary art exhibition

An exhibition exploring the relationship between social change and architecture is opening in Riyadh on December 8.

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Health & Environment

Saudi Arabia to set up region's first cancer database

Saudi Arabia is set to create a database to evaluate cancer treatments, the first-of-its-kind in the Middle East, which will inform clinical decisions to provide targeted expenditure on the most effective treatments for the disease.

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Media & Promotion

Empire Cinemas opens first multiplex in Saudi port city

Lebanese cinema chain Empire has announced the opening of the first multiplex in the Saudi port city of Jizan, located on the southern Red Sea coast. The 10-screen (728 seats) facility has been built at a cost of over SR42 million ($11 million).

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Education, HR & Training

Zayed University wins 4-star institution rating at London event

UAE-based Zayed University said it has achieved a key milestone by earning a 'four star' institution rating at the Reimagine Education, a global conference and competition, held recently in London.

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Miscellaneous

Millennials driving new festive F&B trends, says Truebell

UAE-based Truebell, a leading GCC importer of fast-moving consumer goods, predicts a wide range of quirky takes on traditional festive foods will dominate the food and retail market in the UAE this December.

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