Thursday 29 June 2017

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SAUDI NOMU BOOST
Gulf IPO listings surge to five-year high in Q1

Buoyed by the success of the first-ever parallel market in the GCC region - Saudi Nomu - the first three months of 2017 witnessed a five-year record high in number of IPOs with 10 registered during the first quarter of the ongoing year.

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1

RUSSIAN, UK BANKS TARGETED
Massive cyberattack hits global companies, causes turmoil

A major cyber attack worldwide disrupted computers at Russia's biggest oil company, Ukrainian banks and multinational firms, media reports said.

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2

30-MONTH PROGRAMME
Dewa awards $68.5m contract for water pipelines

Dubai Electricity and Water Authority (Dewa) has awarded a contract to supply, extend and commission 40 km of water pipelines, at a total cost of Dh248 million ($68.5 million).

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3

ANALYSIS
World economy ‘likely to see big growth in H2’

The world economy is showing decent signs of growth for the second half (H2) of the year, although momentum is expected to moderate somewhat, a report said.

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4

ANALYSIS
Market forces will drive climate change efforts

Following the announcement by President Donald Trump that the US will withdraw from the COP21 agreement, an industry expert has said that the move will not be detrimental to climate protection efforts.

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5

NEWS IN PICTURES
Mega fun at Modhesh World

Modhesh World opens in Dubai for another season of excitement with six new 'fun zones'.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dewa awards $68.5m contract for water pipelines

Dubai Electricity and Water Authority (Dewa) has awarded a contract to supply, extend and commission 40 km of water pipelines, at a total cost of Dh248 million ($68.5 million).

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Retail & Wholesale

Nike unveils new Tiempo Legend 7 boots

Nike has unveiled the new Tiempo Legend 7 boots, which provides enhanced fit and comfort in a boot that is 22 per cent lighter than its predecessor.

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Energy, Oil & Gas

Sumitomo buys Amec Foster Wheeler's CFB boiler unit

Sumitomo Heavy Industries, a key manufacturer of industrial machinery, has acquired the circulating fluidised bed (CFB) boiler business from Amec Foster Wheeler, a UK-based engineering and project management company, for $170 million.

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Finance & Capital Market

GFH exits $55m Promoseven real estate portfolio

GFH, a key financial group in the GCC, said it has signed a deal with Promoseven Holdings in Bahrain to exit part of its real estate portfolio worth $55 million. This comes in line with the company's strategy to exit its non-core assets.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Aramco signs up Savage for industrial rail switching ops

Savage Saudi Arabia, a key provider of expert refinery and industrial services, has entered into an agreement with state oil giant Saudi Aramco to operate one of the first industrial rail switching facilities in the kingdom.

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IT & Telecommunications
Lifestyle

Bentley launches 3 limited edition models

Bentley has introduced three ‘SZR by Mulliner’ models based on Continental GTC V8 S to commemorate Bentley and Al Habtoor Motors’ Dubai showroom on Sheikh Zayed Road.

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Motoring

Dubai set to enforce new driver licence rules

Dubai’s Roads and Transport Authority (RTA) in Dubai will start the implementation of the new Executive Regulation of the Federal Driving & Traffic Law on July 1.

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Health & Environment

Yemen hit by world's worst cholera outbreak

Yemen is now facing the worst cholera outbreak in the world with suspected cases exceeding 200,000 and the number is increasing at an average of 5,000 a day, the United Nations has warned.

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Media & Promotion

Sharjah named World Book Capital 2019

In a ground-breaking achievement for the UAE and the Arab world, Sharjah has been crowned with the prestigious ‘World Book Capital’ title for 2019 by the United Nations Educational, Scientific and Cultural Organisation (Unesco).

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Education, HR & Training

Getex gearing up for Autumn edition

The Gulf Education and Training Exhibition (Getex), the leading student recruitment platform in the Middle East and Asia, is set to return with its autumn edition.

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Miscellaneous

Demands on Qatar non-negotiable, says Saudi minister

Saudi Arabia has declared that there will be no negotiations over the demands made to Qatar to stop supporting terrorism and added that it should be implemented in full to end the crisis, said a report.

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