Monday 27 June 2016

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IPP MODEL PROJECT
Masdar consortium wins 800MW Dubai solar park bid

A consortium led by UAE renewable energy company Masdar has won the bid to develop the 800 megawatt (MW) third phase of a solar power plant for Dubai Electricity and Water Authority (Dewa) on the independent power producer (IPP) model.

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1

BID TO DEVELOP 15 FIELDS
Iran set to launch new oil investment contract

The first of Iran's new oil and gas investment contracts for international companies will be launched this summer and will invite bids to develop 10-15 fields, oil minister Bijan Zanganeh was quoted by the Shana news agency as saying.

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2

DUBAI RESIDENTIAL COMMUNITY
Trojan seals $272m Emaar townhouses contract

UAE-based Trojan General Contracting (TGC), said it has won a Dh1-billion ($272 million) contract from leading developer Emaar Properties for the construction of its Mira Oasis townhouses in Dubai.

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3

SPECIAL REPORT
GCC online ad spend set to top global average

Internet advertising spend in the GCC is poised to grow faster than the world average in the next five years and is set to register a growth of 25 per cent this year, according to a new market research report.

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4

ANALYSIS
To leave or not to leave: Still the question

After Britain's historic vote to leave the European Union, there is no indication that a "Brexit" will happen soon. It might never happen.

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5

Starry night

The 11th annual WTA Pre-Wimbledon Party presented by Dubai Duty Free at The Roof Gardens, Kensington saw international stars from the world of tennis, celebrity and fashion come together to celebrate.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Trojan seals $272m Emaar townhouses contract

UAE-based Trojan General Contracting (TGC), said it has won a Dh1-billion ($272 million) contract from leading developer Emaar Properties for the construction of its Mira Oasis townhouses in Dubai.

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Retail & Wholesale

Bahrain Duty Free plans $15.8m expansion

Bahrain Duty Free Shop Complex plans to make an investment of BD6 million ($15.8 million) for a nearly three-fold expansion of its footprint at Bahrain International Airport.

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Energy, Oil & Gas

Oil extends decline over Brexit concerns

Oil prices dropped around half a per cent on Monday, extending sharp declines after Britain's vote to leave the European Union sparked a sharp selloff in global markets on Friday amid concerns over risk aversion.

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Finance & Capital Market
Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Enec, Nawah move into new Masdar City HQ

The Emirates Nuclear Energy Corporation (Enec) and its operating subsidiary, Nawah Energy Company (Nawah), have both moved into their new headquarters at Masdar City in Abu Dhabi.

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Travel, Tourism & Hospitality

Bahrain airport to close car park B facility

Bahrain Airport Company (BAC), the managing body and operator of the kingdom's international airport, is set to close the Car Park B facility for carrying out construction works related to the new passenger terminal building.

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IT & Telecommunications

Zain Bahrain launches mobile deal for social media

Zain Bahrain, a leading telecom operator in Bahrain, has launched its new postpaid packages for mobiles, which allows customers to consume social media applications without any data charges beyond their initial subscriptions.

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Lifestyle

Citizen's Eco Drive water resistant up to 10-BAR

The Citizen Men's Sports Eco Drive watch is water resistant up to 10 BAR and comes with a stainless case and strap and tough crystal class to withstand the rigours of the water.

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Motoring

Behbehani starts work on Bahrain storage facility

Behbehani Brothers, a leader in the automotive business, said it has started work on its new multi-storey car storage facility and logistics unit in Bahrain. The construction is likely to be completed by first quarter of 2017.

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Health & Environment

Al Borg targets 200 centres across Mena

Al Borg Laboratories, the largest chain of diagnostic centres in Middle East and North Africa (Mena), is aiming to increase the number of laboratories from 47 to 200 across the region, Dr Sameh Al Sheikh, the company’s CEO said.

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Media & Promotion

Messi retires from international football

Lionel Messi has said he is to retire from international soccer after Argentina were beaten 4-2 by Chile on penalties in the final of the Copa America on Sunday, the fourth time he has lost a final with the national side.

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Education, HR & Training

JLL named top attractor company by LinkedIn

JLL, a leading real estate investment and advisory firm, has been selected by more than 433 million members of LinkedIn as one of the world's biggest companies at attracting and keeping top talent.

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Miscellaneous

Iraqi forces retake IS holdout in Falluja

Iraqi forces recaptured the last district held by Islamic State militants in the city of Falluja on Sunday and the general commanding the operation declared the battle complete after nearly five weeks of fighting.

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