Saturday 22 July 2017

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ROBUST REVENUE GROWTH
Dubai ICD's portfolio grows 6.9pc to $209.5bn

Investment Corporation of Dubai (ICD), the state's sovereign wealth fund, said its assets rose to Dh769.9 billion ($209.5 billion) in 2016, up 6.9 per cent over the previous year due to a jump in loans and receivables in the banking sector.

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1

GAMA NAMED GROUND HANDLER
Sharjah airport to build new private jet terminal

Sharjah Airport Authority has signed two agreements with Gama Support Services, including building and operation of a new private jet terminal by Gama at Sharjah International Airport, with an investment of over Dh110 million ($30 million).

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2

$13.6bn PROJECT ON TRACK
Dubai's Al Maktoum Solar Park Phase III 22pc complete

Dubai Electricity and Water Authority (Dewa) said work on the third phase of the Dh50-billion ($13.6 billion) Mohammed bin Rashid Al Maktoum Solar Park is progressing as per schedule with nearly 22 per cent of the project already completed.

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3

SPECIAL REPORT
PC shipments in EMEA decrease 3.5pc in Q2

PC shipments in EMEA (Europe, Middle East and Africa) totalled 17 million units in the second quarter of 2017, a 3.5 per cent decline year over year, according to preliminary results by Gartner, leading research and advisory company.

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4

ANALYSIS
AI revolution – Will it create a new working class?

Artificial intelligence (AI) will take over 38 per cent of US jobs within 15 years, says a recent report by PwC. While the digital revolution will force many jobs to become obsolete, not all is not lost, says futurist Charles Fadel.

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5

NEWS IN PICTURES
Etihad Museum honours the Founding Fathers

The Etihad Museum tells the story of the 1971 Union Agreement through the eyes of the Founding Fathers. The portraits of the Founding Fathers are complemented by interactive screens showcasing historical photos, videos and family trees.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sharjah airport to build new private jet terminal

Sharjah Airport Authority has signed two agreements with Gama Support Services, including building and operation of a new private jet terminal by Gama at Sharjah International Airport, with an investment of over Dh110 million ($30 million).

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Retail & Wholesale

Samsung debuts world’s first cinema LED display

Samsung Electronics said it has installed the world's first commercial cinema LED screen at Lotte Cinema World Tower in Korea in collaboration with Harman Professional Solutions.

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Energy, Oil & Gas

Siemens JV wins big Indonesia power plant order

German engineering company Siemens said its joint venture with Spain's Gamesa has won a 20-turbine order from Equis Energy, a leading renewable energy firm in Asia-Pacific region, for its wind power plant in Indonesia.

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Finance & Capital Market

Dubai ICD's portfolio grows 6.9pc to $209.5bn

Investment Corporation of Dubai (ICD), the state's sovereign wealth fund, said its assets rose to Dh769.9 billion ($209.5 billion) in 2016, up 6.9 per cent over the previous year due to a jump in loans and receivables in the banking sector.

More…
Analysis, Interviews, Opinions

Global industry sector outlooks positive: Moody’s

The industry sector outlook is again positively biased as the global economy continues to gradually pick up speed, with steady growth looking increasingly sustainable., Moody's Investors Service said in a new report.

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Industry, Logistics & Shipping

Mubadala, Nexen Tire sign strategic partnership

Mubadala Investment Company, an Abu Dhabi strategic investment fund, and Nexen Tire, a leading global tyre manufacturer, have signed a memorandum of understanding to explore strategic partnership opportunities.

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Travel, Tourism & Hospitality

UAE travel group launches interactive website

UAE-based destination management services company Holiday Moments said it has launched a new interactive digital marketing and e-commerce platform featuring online tour booking services as well as credit card payment and live chat options.

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IT & Telecommunications

Batelco CEO in Top 100 Arab businesswomen list

Leading telecom services provider Batelco said its Bahrain CEO Muna Al Hashemi has been ranked among the top 100 most powerful Arab businesswomen by Forbes Middle East for the second consecutive year.

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Motoring

RTA starts automated system for collecting fines

Dubai's Roads and Transport Authority (RTA) said it has begun the implementation of automated calculation and the collection of fines for delay in replacing ageing taxicabs and limousines with franchise companies.

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Health & Environment

UAE to hire new batch of female nurses

The UAE Ministry of Health and Prevention has announced plans to hire the new batch of female nurse scholars in various hospitals and healthcare units run by the ministry across the country.

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Media & Promotion

PicsArt ropes in Vodianova for key advisory role

PicsArt, a leading image editing app and creative social network, has signed up supermodel Natalia Vodianova as the group's head of aspiration. She has also been inducted into the company’s advisory board.

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Education, HR & Training

KPMG Bahrain launches online ‘Learning Hub’

KPMG, a global network of professional services firms providing audit, tax and advisory services in Bahrain, has launched its new corporate training portal which offers online training modules to organizations across all sectors.

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Miscellaneous

US slaps new sanctions on Iran over military action

The US has imposed new sanctions on Iran over its missile and military-related activities in the Middle East hours after it maintained the international nuclear agreement with Tehran, a report said.

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