Friday 24 November 2017

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FOCUS ON SMART TECHNOLOGY
Arab states need $200bn water project investment

Arab countries will need to invest at least $200 billion into water-related infrastructure projects over the next 10 years, according to UN World Water Development Report released ahead of a major industry event in Abu Dhabi.

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1

MILLENNIALS TURN DECISIVE FORCE
Global economy likely to see sustained growth in 2018

World economy is likely to see sustained solid growth with the global GDP growth accelerating slightly to a pace of 3.8 per cent, even as monetary policy becomes less accommodative, said Credit Suisse in its Investment Outlook 2018.

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2

VAT, SAUDI REFORMS WEIGH
GCC’s GDP to accelerate to 2.8pc next year: ICAEW

The GDP of the GCC is expected to grow from just 0.3 per cent in 2017 to 2.8 per cent next year, while the same in the wider Middle East will accelerate from 1.4 per cent in 2017 to 3.2 per cent next year, ICAEW said in a new report.

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3

ANALYSIS
Low-salt DASH diet effective against high BP: study

Combining a low-salt diet with the heart-healthy DASH (Dietary Approaches to Stop Hypertension) diet substantially lowers systolic blood pressure, according to new research by Johns Hopkins University School of Medicine.

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4

ANALYSIS
Tech firms now banking sector’s biggest disruptors

Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry. However, established technology firms such as Amazon, Apple and Tencent have emerged as the bigger, more immediate threat to retail banking.

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5

IMAGE OF THE DAY
Kimi enjoys Abu Dhabi thriller ride

Scuderia Ferrari driver Kimi Räikkönen getting an experience of his lifetime at the Ferrari World Abu Dhabi’s latest addition and most heart-pounding rollercoaster, Turbo Track, on November 23 ahead of the much-awaited race weekend.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Cairo developer plans new 300-room Movenpick hotel

Swiss hospitality group Mövenpick has joined hands with Egypt-based real estate firm Arabia Investment & Tourist Development to set up a 300-key hotel on the country’s North Coast – a popular leisure destination.

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Retail & Wholesale

Majid Al Futtaim launches mega sale in Dubai malls

Majid Al Futtaim, a leading shopping mall and leisure pioneer, has announced its participation in the country wide three-day super sale from November 23 to 25, in partnership with Dubai Festival Retail Establishment (DFRE).

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Energy, Oil & Gas

KBR JV awarded Feed contract for Absheron field in Azerbaijan

KBR has announced that the Socar-KBR Limited Liability Company (SKLLC) joint venture has been awarded a Front-End Engineering Design (Feed) contract for the topsides of the Absheron Early Production Project.

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Finance & Capital Market

GCC’s GDP to accelerate to 2.8pc next year: ICAEW

The GDP of the GCC is expected to grow from just 0.3 per cent in 2017 to 2.8 per cent next year, while the same in the wider Middle East will accelerate from 1.4 per cent in 2017 to 3.2 per cent next year, ICAEW said in a new report.

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Analysis, Interviews, Opinions

Low-salt DASH diet effective against high BP: study

Combining a low-salt diet with the heart-healthy DASH (Dietary Approaches to Stop Hypertension) diet substantially lowers systolic blood pressure, according to new research by Johns Hopkins University School of Medicine.

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Industry, Logistics & Shipping

GE joins Saudi digital industrial innovation drive

Saudi Arabia’s National Digitization Unit (NDU) has signed an agreement with technology major GE to help drive digital transformation across critical industries, including healthcare, water and mining in the kingdom.

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IT & Telecommunications

Fidor opens MEA regional office in Dubai

Fidor, a leader in digital banking solutions that helps banks launch and run their own digital brands, has opened its new regional headquarters in Dubai Silicon Oasis, the integrated free zone technology park.

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Motoring

GAC Motor debuts high-end MPV at China show

Chinese automaker GAC Motor has lined up the most deluxe new releases including the brand's first MPV GM8, smart electric concept car iSPACE and self-driving GE3 at the 2017 Guangzhou International Automobile Exhibition.

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Health & Environment

Bahrain dialysis centre 63pc work completed

Bahraini authorities said work was progressing as per schedule on a new dialysis centre coming up in the Hunainiya region of the kingdom with nearly 63 per cent of the project ready. It will be completed by the middle of June next year.

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Media & Promotion

Emaar ranked UAE’s most recommended brand

Home-grown property developer Emaar has emerged as the most recommended brand among consumers in the UAE, according to the latest brand rankings from YouGov BrandIndex.

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Education, HR & Training

Importance of Knowledge Index highlighted

A high-profile panel at the fourth annual Knowledge Summit in Dubai highlighted the importance of data gathering and the inaugural Global Knowledge Index released recently.

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Miscellaneous

Cornish Kern from UK is world cheese champion

Cornish Kern, an alpine-style cheese made by the UK’s Lynher Dairies Cheese Company, has been crowned World Champion Cheese at the 30th annual World Cheese Awards, after just a few years in development.

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