Saturday 19 August 2017

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ABRAS MOST FAVOURED
Dubai marine transit passengers top 6.6m in H1

All types of marine transit modes in Dubai, UAE clocked 6.63 million passengers during the first half of 2017, with Abras accounting for the largest share of commuters, amounting to 6.25 million passengers, a report said.

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1

PIPELINE CONTRACT
Saipem wins $850 million new Kuwait refinery deal

Italy-based Saipem, a leading oil and gas industry contractor, has won a new contract worth $850 million for the engineering, procurement, construction and commissioning of the feed pipelines of a new refinery in Kuwait.

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2

34pc SURGE
UAE listed insurance firms post $208m profit in H1

Net profits of 28 insurance companies listed at Abu Dhabi Securities Exchange and Dubai Financial Market surged 34.2 per cent during the first half (H1) of the year to Dh764 million ($208 million) against Dh569 million during H1 2016.

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3

ANALYSIS
Oil drives Saudi Arabia’s fiscal deficit lower in H1

Saudi Arabia’s budget deficit, which fell to SR72 billion ($19 billion) in the first six months of the year, half the first-half 2016 deficit, reflects a sharp increase in oil revenues from higher oil prices, Moody’s said in a new report.

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4

TRENDS
What colour will your car be in 2018?

Lighter coloured cars, which keep the interior 11 per cent cooler than darker coloured cars, are appealing to the MEA market, a report said, adding that white cars also tend to hold their resale value, while blue cars tend to lose the most.

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5

NEWS IN PICTURES
Underwater Yoga

The biggest underwater yoga class in Dubai is back on August 22 in front of Atlantis, The Palm’s Ambassador Lagoon from 7:30am-8:30am.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

HTC launches e-commerce store for Saudi consumers

HTC, a pioneer in innovative smart technologies, has launched a new e-commerce store dedicated to bringing leading innovations in smart mobile devices to more consumers across Saudi Arabia.

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Energy, Oil & Gas

New power distribution station opens at Bahrain airport

A new 220 kV power distribution station at Bahrain International Airport was inaugurated yesterday (August 16) by Electricity and Water Affairs Minister Dr Abdulhussain Mirza.

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Finance & Capital Market

Qatar economy growth slowest since 1995: report

Qatar’s economy will grow this year at the slowest pace since 1995, according to international economists, as the impact of the Arab boycott is felt on trade and investor confidence, a report said.

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Analysis, Interviews, Opinions

What colour will your car be in 2018?

Lighter coloured cars, which keep the interior 11 per cent cooler than darker coloured cars, are appealing to the MEA market, a report said, adding that white cars also tend to hold their resale value, while blue cars tend to lose the most.

More…
Industry, Logistics & Shipping

Materials handling event to showcase virtual reality technology

Intralogistics managers attending the upcoming Materials Handling Middle East exhibition in Dubai, UAE, will learn how they can optimise the flow of goods in an automated warehouse using virtual reality 3D technology.

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Travel, Tourism & Hospitality

InterCon signs two new hotels in Dubai Business Bay

InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, has announced the signing of two new properties in Dubai: Crowne Plaza Dubai Business Bay and InterContinental Residence Suites Dubai Business Bay.

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IT & Telecommunications

Iran cloud market 'offers growth for global tie-ups'

Iran’s local cloud providers that operate using/reselling global products must integrate with telecom players for infrastructure, and European/Indian IT solution providers to enhance portfolio capabilities, a report said.

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Motoring

Fiat Chrysler in team to develop autonomous driving

Fiat Chrysler Automobiles (FCA) has signed an agreement with BMW Group, Intel and Mobileye to be the first automaker to join them in developing a world leading, state-of-the-art autonomous driving platform for global deployment.

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Health & Environment

Hikma posts $895 million revenue in H1

Hikma Pharmaceuticals, a fast growing multinational pharmaceutical group, has posted a revenue of $895 million for the first half of the year, marking a one per cent increase.

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Media & Promotion

OSN launches online TV streaming app

OSN, a leading entertainment network in the region, has launched its all-new online and mobile app entertainment platform, ‘Wavo’ – which is now available to download from the App Store and Google Play.

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Education, HR & Training
Miscellaneous

Saudi to allow Qatar pilgrims thro' Salwa border

Saudi Arabia's King Salman has approved the entry of Qatari pilgrims to the kingdom through the Salwa border crossing to perform Haj, a Saudi Press Agency report said.

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