Sunday 24 July 2016

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MOVE TO LIFT GROWTH
G20 to bolster defences against Brexit fallout

The world's leading economies will do more to lift global growth and share the benefits more broadly, top policymakers said as they sought to deal with fallout from Britain's Brexit vote and counter dissatisfaction with globalisation.

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10pc TARGET SET
Dubai to promote use of hybrid vehicles

The Dubai Supreme Council of Energy has adopted a strategy to achieve sustainable development to create a low-carbon economy and promote the use of hybrid cars and electric vehicles.

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2

ATTACKER FOUND DEAD
German-Iranian gunman kills 9 in Munich mall

An 18-year-old German-Iranian gunman who apparently acted alone opened fire near a busy shopping mall in Munich on Friday evening, killing at least nine people in the third attack on civilians in Western Europe in eight days.

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3

INSIGHT
'Mission Impossible': Tight Brexit timeline unsettles Germans

Some senior German officials say they fear a swift move by London to invoke Article 50 of the EU treaty risks creating an impossibly short window for negotiating Britain's departure.

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4

ANALYSIS
Bahrain's foreign ownership move to boost property sector

The recent decision by the Bahraini government to allow foreigners 100 per cent ownership in various sectors of the market is likely to have a positive long-term impact on the Kingdom’s property markets, said a report.

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5

NEWS IN PICTURES
Massacre at mall

Police vehicles in front of the Olympia shopping centre, the scene of a bloody shooting in Munich, Germany on July 22. Police said ten people died in the attack, including the possible gunman.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Kuwait set to award $27bn contracts this year

Kuwait’s projects market continued to expand in the second quarter of this year in spite of the low oil prices and the state is expected to award another KD8.4 billion ($27 billion) worth of contracts before year-end, a report says.

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Retail & Wholesale

Misfit expands presence across Mideast

Misfit, a wearable technology brand specialising in design-forward wearables, has announced plans to dramatically scale up its retail presence across the Middle East in the next few months.

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Energy, Oil & Gas

Algeria's Tiguentourine gas plant ready for restart

Algeria's Tiguentourine gas plant is ready to come fully back online for the first time since a deadly militant attack in 2013, general manager Kamel Aoues said on Saturday.

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Finance & Capital Market

UAE removes need for bank guarantees for SMEs

The UAE Ministry of Human Resources and Emiratisation has issued a new decree exempting small and medium-sized enterprises from bank guarantees, beginning October this year.

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Analysis, Interviews, Opinions

'Mission Impossible': Tight Brexit timeline unsettles Germans

Some senior German officials say they fear a swift move by London to invoke Article 50 of the EU treaty risks creating an impossibly short window for negotiating Britain's departure.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Pegasus receives first CFM-powered A320neo

Pegasus Airlines, Turkey's leading low-cost airline, recently took delivery of its first Airbus A320neo powered by CFM International's LEAP-1A engines, becoming the first airline to do so for the type.

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IT & Telecommunications

Mobily launches new submarine cable

Etihad Etisalat (Mobily), a leading telecom service provider in Saudi Arabia, has announced the success of dropping a high-capacity submarine cable (Asia - Africa - Europe - I) in Jeddah.

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Lifestyle

Gucci Cosmetics makes debut at Jeddah's Wojooh Nojoud

Gucci’s exclusive collection of luxury cosmetics is now available for purchase exclusively at Jeddah’s Wojooh Nojoud, a leading beauty retailer.

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Motoring
Health & Environment

Dubai to promote use of hybrid vehicles

The Dubai Supreme Council of Energy has adopted a strategy to achieve sustainable development to create a low-carbon economy and promote the use of hybrid cars and electric vehicles.

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Media & Promotion

Sovereign Art Prize for Mena launched

The Sovereign Art Foundation has announced the launch of its coveted Art Prize in the Mena region, the most prestigious art prize for contemporary artists, in association with Start, a non-profit organisation.

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Education, HR & Training

Masdar Institute ranking improves

Abu Dhabi-based Masdar Institute of Science and Technology has moved up to the 14th spot overall in the ‘2016 US News and World Report Best Arab Region Universities Rankings’, up from the 23rd position last year.

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