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MEGA COMPLEX IN RATNAGIRI
Adnoc, Aramco, Indian firms enter $44bn refinery deal
Adnoc, Saudi Aramco and a consortium of three Indian oil firms have signed a framework agreement to explore a strategic partnership and co-investment in the development of a new $44 billion mega refinery and petrochemicals complex in India.
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EXCHANGES UNDER SCAN
ADGM launches crypto asset regulatory framework
Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has launched its framework to regulate spot crypto asset activities, including those undertaken by exchanges, custodians and other intermediaries in ADGM.
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PROJECT LAUNCH THIS YEAR
Haramain high-speed train to carry 60m passengers a year
Saudi Arabia’s high-speed Haramain electric train project between Makkah and Madinah is expected transport 60 million passengers a year using 35 high-speed trains, each with a capacity of 417 seats, the director general of the project said.
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ANALYSIS
Service data analysis ‘could boost revenue by 14pc’
Companies can expect a revenue boost of more than 14 per cent by automatically collecting and analyzing service data related to industrial assets, according to a new global research report.
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ANALYSIS
Global air traffic management market to top $5bn
Driven by greater demand for new technologies, mainly VoIP, remote towers, predictive technologies, and automation systems, the global air traffic management (ATM) market is expected to reach $5.21 billion by 2025, a report said.
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NEWS IN PICTURES
A tribute to a great leader
In tribute to the Year of Zayed, One&Only Royal Mirage in Dubai has launched an exhibition of archived photographs documenting key moments in the life of HH Sheikh Zayed bin Sultan Al Nahyan.
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Dubai's RTA to activate Phase Three of bus lanes in July
Dubai’s Roads and Transport Authority (RTA) will start the actual implementation of Phase Three of Dedicated Bus and Taxi Lanes (Masar) from July 1, said a report.
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Al Meera to relocate leasing department
Al Meera Consumer Goods Company, a leading retailer in Qatar, has announced the relocation of its leasing department from its head office location in West Bay to Al Meera’s Nuaija Branch.
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Gulf Keystone in deal to increase Shaikan output
Gulf Keystone Petroleum said that it has reached an agreement with Kurdistan region of Iraq and Hungary’s MOL to increase production capacity of the Shaikan Field to 55,000 barrels of oil per day (bopd) in the next 12 to 18 months.
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Capital value of UAE listed companies tops $111bn
The capital value of local public shareholding companies registered at the Securities and Commodities Authority (SCA) reached Dh410.36 billion ($111.7 billion) at the end of 2017, according to latest statistics from the SCA.
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Five steps to create a better customer experience
Security leaders must put the focus on customer experience, said leading research and advisory firm Gartner, highlighting five things security and risk leaders can work on now to create a better experience for their executives.
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Emerson identifies ‘digital transformation’ essentials
US-based Emerson, a global technology company, has identified five essential competencies as critical to realise the value of ‘digital transformation’.
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UAE's free 48-hour transit visa to boost tourism
The UAE can expect to receive an influx of tourists over the coming months following a recent decision by the UAE Cabinet to exempt transit passengers from all entry fees for the first 48 hours of their stay, a report said.
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Blockchain tech firm Bitfury opens UAE office
The Bitfury Group, a leading full-service blockchain technology company, has expanded its global operations into the UAE, opening a Dubai office aiming to build blockchain-based solutions for governments and institutions across the region.
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Arada to launch key phase of Sharjah community project
UAE-based developer Arada is set to launch Phase Four of its premium Sharjah community, Nasma Residences, which includes Bareem Townhouses, a stylish collection of two- and three-bedroom homes created for couples and young families.
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Groupe PSA, Nidec form electric motors JV
Groupe PSA, the second largest car manufacturer in Europe, has announced a joint venture with Nidec, a leading comprehensive motor manufacturer, to create ‘Nidec-PSA emotors’ which will work on design of future electric motors.
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Surgeons perform double-lung transplant in UAE
Multidisciplinary teams of surgeons at Cleveland Clinic Abu Dhabi have performed three transplant surgeries from a deceased donor on the same day, including the UAE’s first double-lung transplant.
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Samsung, Disney welcome two new AR emojis
Samsung Electronics and Disney are bringing two more classic Disney characters - Daisy Duck and Goofy -to life as AR Emojis for its Galaxy S9 and S9+ smartphone models.
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UAE to host first Nasa Space Summer Camp
UAE students who dream of travelling to space, engineering rockets, or delving into the depths of designing a mission to Mars are in for a treat next month as the Nasa Space and Rocketry Summer Camp 2018 comes to the UAE for the first time.
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Saudi Arabia's ban on women driving ends
Saudi women are officially allowed to get behind the wheel from Sunday, marking a historic day after a decades-old driving ban was lifted, media reports said.
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