Wednesday 28 June 2017

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FUNDING BOOST FOR OXYMEM
Saudi Aramco unit buys into Irish wastewater company

Global oil giant Saudi Aramco said its corporate venturing subsidiary Saudi Aramco Energy Ventures (SAEV) has acquired a major stake in Irish wastewater treatment technology company OxyMem.

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1

REMOTE CONTROL OF MACHINERY
Balfour Beatty sees human-free construction site by 2050

Leading infrastructure group Balfour Beatty is foreseeing a human free building site by 2050 with work moved off-site through remote control of machinery and new materials and techniques exploited to improve cost, safety and efficiency.

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2

BRENT AT $46.43 A BARREL
Crude oil prices extend bounce off 10-month lows

Oil prices were higher in European trade on Tuesday, extending their recovery from last week's 10-month lows, but futures stayed volatile in the face of fresh supply worries amid signs that US shale production will rise, said a report.

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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
Oil demand growth below expectations in H1

Oil demand growth has undershot expectations in the first half (H1) of 2017, removing support to oil prices just when the market needed it most, a report said.

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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

Balfour Beatty sees human-free construction site by 2050

Leading infrastructure group Balfour Beatty is foreseeing a human free building site by 2050 with work moved off-site through remote control of machinery and new materials and techniques exploited to improve cost, safety and efficiency.

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Retail & Wholesale

Eid cheer continues at Majid Al Futtaim malls

Majid Al Futtaim malls across the UAE will continue in the Eid festive mood with shopping deals, live entertainment and traditional celebrations until July 1.

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Energy, Oil & Gas

Saudi Aramco unit buys into Irish wastewater company

Global oil giant Saudi Aramco said its corporate venturing subsidiary Saudi Aramco Energy Ventures (SAEV) has acquired a major stake in Irish wastewater treatment technology company OxyMem.

More…
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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Travel, Tourism & Hospitality

Boeing inks deals worth $74.8bn at Paris Air Show

Boeing strengthened its market position incremental orders and commitments during the Paris Air Show week with a total of 571 Boeing airplanes, valued at $74.8 billion at list prices.

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IT & Telecommunications

GSMA mobile IoT initiative takes off worldwide

The GSMA has announced that its Mobile IoT Initiative has taken off with the launch of multiple commercial rollouts of Low Power, Wide Area (LPWA) solutions by several of the world’s leading mobile operators.

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Lifestyle

Diamond boutiques launched on superyachts

International diamond brand Samer Halimeh New York (NY) has partnered with SSH Maritime, a leading yacht charter, to launch a series of summer diamond boutiques on the superyachts represented by SSH Maritime.

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Motoring

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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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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Education, HR & Training

Egyptian architect wins award for Trend Micro office design

Architect Dalia Sadany, the creative mind behind the flagship office of Trend Micro, a global leader in cybersecurity solutions, in Egypt, has won top honours at the prestigious A' Design Award and Competition.

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Miscellaneous

Third Point takes $3.4 billion stake in Nestle

Activist investor Daniel Loeb's Third Point has taken a stake of 3.28 billion Swiss francs ($3.4 billion) in Switzerland's Nestle and urged the world's largest packaged-foods company to find ways to accelerate growth, media reports said.

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