Wednesday 24 January 2018

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ONGC WELL PLATFORM
Abu Dhabi NPCC wins $327m India energy project deal

UAE-based National Petroleum Construction Company said it has won a Dh1.2 billion ($327 million) engineering, procurement, construction (EPC) contract from India's ONGC for five well platforms and pipeline on the western coast of Mumbai.

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1

COMMITMENT TO TRANSPERANCY
EU removes UAE from ‘'uncooperative tax havens’ list

The UAE Ministry of Finance has welcomed the European Union’s decision to remove the UAE from its list of uncooperative tax havens, in recognition of the transparent procedures the Emirates has been adhering to locally and internationally.

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2

NEW PAVILIONS, ACCESS ROAD
Laing O’Rourke wins Expo 2020 Dubai contracts

Expo 2020 Dubai has awarded two major contracts worth a combined Dh670 million ($182 million) to leading British construction company Laing O’Rourke for building of two pavilions and the 'Hammerhead' access road for the mega global event.

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3

SPOTLIGHT
World only 9pc 'circular' in resources use

With over 90pc of the raw materials used globally not cycled back into the economy, our planet is left with a massive strain on its natural resources that needs to be urgently relieved, according to a report launched by Circle Economy.

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4

ANALYSIS
Driven by EVs, oil demand growth will peak by 2030: report

Electric vehicles (EV) are expected to take off rapidly in the early 2020s, resulting in a drastic slowdown in oil demand growth and causing global oil demand to peak by 2030, says a report.

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5

NEWS IN PICTURES
Infiniti QX80 arrives

The Infiniti QX80 has arrived in the Middle East region, further advancing Infiniti's market-leading presence in the full-size luxury SUV segment. It takes Infiniti’s ‘Powerful Elegance’ design language in a bold new direction.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Laing O’Rourke wins Expo 2020 Dubai contracts

Expo 2020 Dubai has awarded two major contracts worth a combined Dh670 million ($182 million) to leading British construction company Laing O’Rourke for building of two pavilions and the 'Hammerhead' access road for the mega global event.

More…
Retail & Wholesale

Global men’s designer apparel market to hit $33bn

The global market for men’s designer apparel is projected to reach nearly $33 billion in 2020, up 14 per cent from $29 billion in 2015, said an industry expert, citing a report from Euromonitor International.

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Energy, Oil & Gas

Abu Dhabi NPCC wins $327m India energy project deal

UAE-based National Petroleum Construction Company said it has won a Dh1.2 billion ($327 million) engineering, procurement, construction (EPC) contract from India's ONGC for five well platforms and pipeline on the western coast of Mumbai.

More…
Finance & Capital Market

Saudi Arabia unveils benchmark platform at WEF

Saudi Arabia has unveiled a first look at the Kingdom's unique data tool for measuring its performance trajectory in relation to other nations at the ongoing World Economic Forum (WEF) in Davos, Switzerland.

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Analysis, Interviews, Opinions

World only 9pc 'circular' in resources use

With over 90pc of the raw materials used globally not cycled back into the economy, our planet is left with a massive strain on its natural resources that needs to be urgently relieved, according to a report launched by Circle Economy.

More…
Travel, Tourism & Hospitality

Four Seasons continues to expand global portfolio

Four Seasons Hotels and Resorts, a leading luxury hospitality company, enters 2018 with a remarkable list of openings planned, including the company’s first standalone residential project.

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IT & Telecommunications

Cybercrime claims 3.7m victims in UAE in 2017

Hackers stole Dh3.86 billion ($1.05 billion) from 3.72 million consumers in the UAE in the past year, according to the 2017 Norton Cyber Security Insights Report, released by Norton by Symantec, a global leading cyber security company.

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Motoring

Masdar inks cooperation deal with Abu Dhabi transport

UAE-based Masdar said it has signed an agreement with the Department of Transport – Abu Dhabi (DoT) to boost co-operation in the study, testing and evaluation of sustainable, electrical and autonomous transport technologies.

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Health & Environment

NMC Health announces $200m new acquisitions

UAE healthcare operator NMC Health has announced two new acquisitions worth over $200 million and also the completion of new operating and management (O&M) contract as the company moves to expand across the Middle East.

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Media & Promotion

UAE postpones 'The Founder’s Memorial' launch

The UAE government has postponed the opening of 'The Founder’s Memorial' - which commemorates the country's founding father Sheikh Zayed bin Sultan Al Nahyan’s life, legacy, and values - until further notice.

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Education, HR & Training

Juventus Football Club opens academy in Abu Dhabi

The Italian icon Juventus Football Club is launching its official academy in Abu Dhabi, UAE, this week.

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Miscellaneous

India’s Godrej showcases security solutions at Intersec

India-based Godrej Security Solutions (GSS) is hosting specialised pavilions on safety design in buildings, smart homes, drones, wearable security and job and careers at Intersec, a security exhibition being held in Dubai, UAE.

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