Thursday 6 August 2020

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AFTER STRONG START
Etihad revenues down 38% impacted by Covid-19

Etihad Airways, which reported a strong start to the year prior to the suspension of flights due to Covid-19, saw a 38 per cent drop in revenues to $1.7 billion for the first half of 2020 (H1 2019: $2.7 billion).

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1

OPERATIONS TO BEGIN IN 2021
Tawazun, Airbus to build new satellite assembly unit in UAE

Abu Dhabi-based Tawazun Economic Council said it is collaborating with Airbus and National Space Science and Technology Center (NSSTC) of the UAE University, to build a satellite assembly, integration and testing centre in Al Ain region.

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2

'FELT LIKE EARTHQUAKE'
At least 50 killed as blast rocks Beirut; thousands injured

Two huge explosion rocked the Lebanese capital Beirut on Tuesday, wounding dozens of people, reports said. Lebanese media carried images of people trapped under rubble.

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3

SPECIAL REPORT
‘Cursed’ Beirut dazed by catastrophe

A Senior International Correspondent of CNN recounts the horror of the recent blast in Beirut, noting that it felt like an earthquake with shattering glass and torn-out steel window frames.

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4

SPECIAL REPORT
Mideast most optimistic about post-Covid recovery

The Middle East has the world’s most positive outlook ahead of the looming recession with 27% of Saudi Arabians and Emiratis predicting their economies would boom in 12 months’ time, a report said.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Sharaf DG Energy completes key Drydocks Dubai retrofit project

Sharaf DG Energy, one of the leading solar energy solution providers in the UAE, said it has completed a lighting retrofit project at Drydocks World-Dubai, which will help the group achieve an annual energy saving of 1,215,708 kWh.

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Retail & Wholesale

Samsung gears up for launch of new suite of power devices

Samsung Electronics is set to launch its new suite of power devices - Galaxy Note series (Note20 and Note20 Ultra), versatile tablets Tab S7 and S7+, stylish earbuds Galaxy Buds Live and foldable smartphone Galaxy Z Fold2 and Galaxy Watch3 - this month.

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Energy, Oil & Gas

MEA ranks top in oil & gas M&A deals at $11bn in Q2

The Middle East and Africa region held the top position globally in announced M&A deals with a total worth of $11.29 billion during the second quarter (Q2) of the year, said GlobalData, a data analytics and consulting company.

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Finance & Capital Market

NBB in tie-up to transform transaction banking

The National Bank of Bahrain (NBB) has partnered with Infosys Finacle to adopt the Finacle Cash Management Suite, which will allow the bank to digitally transform its transaction banking business.

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Analysis, Interviews, Opinions

Future cars to integrate advanced healthcare systems

Investing in technology that monitors the driver’s health can benefit both the automotive and healthcare industries, said an industry expert, noting that Hyundai is working with ICT companies to promote connected technology.

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Industry, Logistics & Shipping

Aramex's revenue surges 4pc to $359m in Q2

Aramex, a leading provider of logistics solutions, said its revenue for the second quarter surged to hit AED1.32 billion ($359 million), up 4 per cent over last year, driven mainly by a surge in e-shopping activities during Covid-19 lockdown period.

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Travel, Tourism & Hospitality

Raffles Dubai ranked among top 10 hotels worldwide

Raffles Dubai has been awarded two exceptional global rankings at the “Best of the Best Hotels” coveted Travellers’ Choice Awards on TripAdvisor for 2020, including being part of the top 10 overall hotels in the world for the first time.

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IT & Telecommunications

Etisalat to pay out Q2 interim dividends from August 11

UAE's leading telecom services operator Etisalat has announced that the interim dividend for second quarter will be paid out starting from August 11 through the First Abu Dhabi Bank, as agreed with its exclusive agent Abu Dhabi Securities Exchange.

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Lifestyle

Bravia TVs are ‘Ready for PlayStation 5’

Sony Middle East & Africa has announced a lineup of its current Bravia TVs are officially ‘Ready for PlayStation 5’.

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Motoring

Panasonic Jaguar Racing set for Berlin showdown

Panasonic Jaguar Racing will head to Germany after 158 days to complete season six of Formula E in a unique lockdown showdown. Berlin’s Tempelhof circuit will witness six races in nine days with three different track layouts.

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Health & Environment

UAE logs 5m Covid-19 tests; recovery rate at 90%

The UAE has crossed the barrier of 5 million laboratory tests for Covid-19, and the survival rate for those infected with the disease has risen to 90 per cent, said the country’s Minister of Health and Prevention.

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Media & Promotion

11th MBR Creative Sports Award postponed by a year

The Awards Ceremony of the 11th MBR Creative Sports Awards has been postponed by a year, said Sheikh Ahmed Bin Mohammed Bin Rashid Al Maktoum, President of the UAE National Olympic Committee.

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Education, HR & Training

Creative Zone extends its networking portal to SME community

Dubai-based Creative Zone has opened up its networking portal ‘CZ Connect 2.0’ to the wider SME community, offering them a free marketplace to engage, exchange ideas, cross-sell products/services, network and set up business relationships.

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