Wednesday 24 May 2017

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FIRM OFFERS VLCCs
Oman Shipping sets up new chartering service

Oman Shipping Company (OSC), one of the biggest ship owners in the Mena region, has set up a new commercial chartering desk offering its very large crude carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide.

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1

EXPLOSION AFTER CONCERT
Manchester suicide blast toll rises to 22

The death toll in the blast at the Manchester Arena in Manchester, UK, rose to at least 22 and the number of wounded to 59, latest reports said.

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2

PRICES DOWN 12pc
5,800 new homes to enter Qatar market by year-end

Nearly 5,800 new homes are set to enter the Qatar real estate market by the year-end, including apartments in five buildings at United Development Company's (UDC) flagship The Pearl project and 10 buildings in Lusail, according to a report.

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3

SPOTLIGHT
Getting the best out of bridge management technology

Using technology to plan the construction, operation and maintenance of bridges is not new. But as in so many other areas of engineering, the sector is yet to take advantage of the latest technology or Big Data available, said an expert.

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4

METALS
Iron ore on track to peak, but challenges remain

The long-term outlook for iron ore poses challenges in terms of demand, which is likely to peak during the middle of the next decade at a little over 2.2 billion tonnes compared to about two billion tonnes in 2016, says an industry expert.

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5

NEWS IN PICTURES
Joining hands for peace

US President Donald Trump (R), US First Lady Melania Trump (R-2), King Salman bin Abdulaziz Al-Saud of Saudi Arabia (C) and Egyptian President Abdel Al-Sisi (L) opening the World Center for Countering Extremist Thought in Riyadh on May 21.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai Sports City signs up BMTC for street lighting

Dubai Sports City said it has signed a partnership deal with Bahri & Mazroei Trading Company (BMTC), a leading provider of lighting, electrical and water solutions, for supply of solar power for the community development.

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Retail & Wholesale

RAK mall expansion work nearing completion

UAE-based Al Hamra Real Estate Development is close to completing the first phase of a Dh390-million ($106 million) expansion of its Manar Mall, the premier retail and leisure destination in the northern emirate of Ras Al Khaimah (RAK).

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Energy, Oil & Gas

McDermott inks partnership deal with Saudi Aramco

McDermott International, a leading engineering, procurement, construction and installation (EPCI) contractor, has signed a deal with oil giant Saudi Aramco to expand and develop its physical and human capital within the kingdom.

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Finance & Capital Market

GCC unified VAT accord come into effect

The Gulf Cooperation Council (GCC) unified selective excise tax and the unified value added tax (VAT) agreements, have come into effect after ratification by the UAE.

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Analysis, Interviews, Opinions

Progressive trends shaping the smartphone industry

Whether it is virtual reality, enhanced graphics, higher resolution or perhaps even more storage, smartphones are being engineered to be an extension of an individual, says the president of LG Electronics, MEA.

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Industry, Logistics & Shipping

Oman Shipping sets up new chartering service

Oman Shipping Company (OSC), one of the biggest ship owners in the Mena region, has set up a new commercial chartering desk offering its very large crude carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide.

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Travel, Tourism & Hospitality

Emirates offers special fares from Kuwait

Emirates is offering passengers in Kuwait excellent fares to select destinations across Europe, Australia, Africa, Asia and the US when travelling in Economy Class or Business Class during the upcoming summer season.

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IT & Telecommunications

DigiRobotics inks $26m Saudi deal at Gisec

DigiRobotics, a Dubai-based autonomous robotics and drone solutions provider, has signed a deal worth $26 million with Saudi Arabian defence technology giant Taqnia at Gisec 2017, the Middle East’s largest cybersecurity event in Dubai, UAE.

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Motoring

Saudi joint venture signs deals for 1,000 buses

Public Transport Company (PTC), the joint venture between RATP Dev and Saptco, has signed major agreements with Mercedes-Benz and MAN to acquire around 1,000 buses for the future Riyadh bus network.

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Health & Environment

Dubai Hospital set for $79m expansion

Dubai Health Authority has approved a new Dh290-million ($79 million) expansion plan for Dubai Hospital which, on completion, will see the addition of a six-storey building for specialised outpatient clinics.

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Media & Promotion

Doha Film Institute picks 29 projects for grants

The Doha Film Institute has chosen 29 film projects from 16 countries for its Spring Grants 2017, which supports first- and second-time filmmakers, as well as established Arab directors for short and feature-length films.

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Education, HR & Training

Dubai plans to open 120 new schools by 2027

A total of 120 new schools are expected to open across Dubai, UAE, over the next 10 years, stated the country's Knowledge and Human Development Authority (KHDA), thus signalling strong growth in the private education sector.

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Miscellaneous

Ithra Dubai marks completion of Waterfront Market

Ithra Dubai, a leading real estate developer in Dubai, UAE, has announced the successful relocation of the traders from Deira Fish Market to the brand-new 104,373-sq-m Waterfront Market on new Deira Corniche.

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