Monday 1 May 2017

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BACKING FOR REGIONAL FIRMS
$544m Expo 2020 Dubai deals to be awarded to SMEs

Expo 2020 Dubai is committed to supporting the small and medium enterprises (SMEs) across the region as part of its plans for a long lasting economic legacy with construction contracts worth more than Dh2 billion ($544 million) to be awarded to the sector

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BID TO REACH MAX CAPACITY
Qatar Petroleum signs deals to boost petchem output

In a move aimed at supporting Qatar’s petrochemical industry, Qatar Petroleum (QP) recently signed agreements to supply additional quantities of ethane to a number of subsidiaries of Industries Qatar and Mesaieed Petrochemical Holding.

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2

$870m DEAL
Top equity firm CVC buys Swiss watchmaker Breitling

Top equity firm CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at over 800 million euros ($870 million), said a report.

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3

TECHNOLOGY
Machine learning can’t trump smart attackers

A machine learning algorithm, however smart, has a narrow focus and learns from a specific data set. By contrast, attackers possess so-called general intelligence and are able to think outside of the box, says a new report.

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4

ANALYSIS
Aramco IPO to boost transparency and efficiency

The increased transparency of Saudi Aramco after the public offer will attract higher foreign capital and further boost market confidence in Saudi Arabia, says a new report.

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5

NEWS IN PICTURES
100 days of Trump

US President Donald J Trump gives the thumbs up during a rally at the Pennsylvania Farm Show Complex in Harrisburg, Pennsylvania, USA on April 29. The rally marked the president's 100th day in office.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

UAE developer launches Bahwan Tower for sale

UAE-based developer Utmost Properties - a part of the Suhail Bahwan Group - has launched for sale its first freehold residential project, the 132-unit Bahwan Tower, located off Burj Khalifa Boulevard in Dubai.

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Energy, Oil & Gas

AEG Power launches flexible stand-alone UPS

AEG Power Solutions, a global provider of power electronic systems and solution, has launched its new transformer-less UPS that combines high efficiency values with a compact footprint and flexible configurations.

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Finance & Capital Market

Emirates Digital Wallet set for launch in Dubai

Emirates Digital Wallet, a unique platform established by 16 of the UAE’s leading banks, will be formally launched at the Seamless Middle East conference on Dubai, UAE on May 1 and 2.

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Analysis, Interviews, Opinions

43pc in Mena still say fraud is problem: report

About 43 per cent in Mena still perceive fraud as a problem in their country, while 57 per cent do not believe that management has emphasized the importance of high ethical standards, a report said.

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IT & Telecommunications

Saudi Arabia, Mobily unit plan new smart city in Yanbu

Saudi Arabia's Royal Commission of Yanbu, in collaboration with Bayanat Company, a subsidiary of telecom major, Mobily, has announced the launch of the kingdom’s first smart city in Yanbu.

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Lifestyle

Top equity firm CVC buys Swiss watchmaker Breitling

Top equity firm CVC Capital Partners has agreed to buy Breitling, the Swiss watchmaker known for aviation-themed timepieces worn by actor John Travolta, in a deal said to be valued at over 800 million euros ($870 million), said a report.

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Motoring

RTA readies Route 2020 project work plan

Dubai's Roads and Transport Authority (RTA) said it will make a traffic diversion on a sector of Ibn Battuta Street to carry out the work related to the Route 2020 project.

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Health & Environment

Abu Dhabi mall names fitness contest winners

The Mall World Trade Center Abu Dhabi (WTCAD) has revealed the winners of its fitness competition in three categories (Weight Loss, Stronger and Fitter), with the finalists losing a total of 100 kg between them in six weeks.

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Media & Promotion

Dubai Font puts the city 'on digital super highway'

Dubai is on the fast lane towards becoming a super tech city in years to come and the introduction of ‘Dubai Font,’ Microsoft’s first typeface to be created for a city, reinstates its position as a digital hub, said an industry expert.

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Education, HR & Training

Bahraini NGO recognised in global competition

Bahrain-based Youth Pioneer Society has been recognised in a global competition designed to generate ideas for youth empowerment and create positive social impact.

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Miscellaneous

UAE partners with Korea to improve patent system

The UAE Ministry of Economy has signed new cooperation agreement with the Korean Intellectual Property Office (Kipo) aimed towards improving the UAE’s patent system.

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