Wednesday 28 September 2016

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SYRIA SITUATION WORSENING: KERRY
No joint work with Russia till Aleppo assault ends, says US

The United States threatened on Wednesday to halt its joint work with Russia on Syria unless Russia moved to end the assault on Aleppo and restore a defunct ceasefire, the US State Department said on Wednesday.

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1

CONVRGNT WINS KEY DEAL
Dewa awards contract for world's first 3D-printed lab

Dubai Electricity and Water Authority (Dewa) has awarded Convrgnt Value Engineering the contract to design and construct the world's first 3D-printed laboratory building and the first building in the UAE that is fully printed onsite.

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2

OUTPUT LIMITS SEEN
Saudis soften oil stance; Opec deal likely in Nov

Opec might still agree an oil output-limiting deal later this year after failing to do so in Algeria this week as the group's de-facto leader Saudi Arabia softens its stance towards Iran.

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3

MONEY MATTERS
Wells Fargo scam triggers debate on big bank culture

Tens of millions of dollars are spent each year on initiatives to build a culture of integrity, partly at the urging of US regulators. But the continuing spate of scandals reinforces doubts about the effectiveness of such efforts.

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4

ANALYSIS
UAE, Oman lead the world in well-being scores

While UAE leads the world in income, employment, education, infrastructure, civil society, governance and environment, Oman claims the global top rank for economic stability, health, civil society, governance and environment, a report said.

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NEWS IN PICTURES
Yemenis mark World Tourism Day

Yemenis perform as three grooms (R) stand in front of the Dar al-Hajar (Rock Palace), north of Sana'a on September 26. The United Nations World Tourism Day will be observed today.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Diyar Al Muharraq seals $366m project finance deal

Diyar Al Muharraq, one of the leading urban developers in Bahrain, has signed a $366-million agreement with a group of local banks to provide financial liquidity to develop the ‘Deerat Al Oyoun’ project.

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Retail & Wholesale

Oman signs deal to set up Iranian Bazaar

Oman and Iran have signed an agreement to establish Iranian Bazaar showcasing a variety of Iranian products in the wilayat of Barka in South Batinah, a report said.

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Energy, Oil & Gas

Siemens to demonstrate future of power supply at Wetex

Siemens, a global technology powerhouse, will illustrate the future of energy supply through its microgrid table and breakthrough energy storage solutions at the upcoming Water, Energy, Technology and Environment Exhibition in Dubai, UAE.

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Finance & Capital Market

SWIFT launches 1st phase of payments innovation

SWIFT, a global provider of secure financial messaging services, has completed the first phase of the global payments innovation (gpi) initiative pilot, clearing the way for the go-live of the service in early 2017.

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Analysis, Interviews, Opinions

The world's most innovative universities

In the fast-changing world of science and technology, if you're not innovating, you're falling behind, says a new report entitled “The Reuters 100: The World's Most Innovative Universities”.

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Industry, Logistics & Shipping

China's Cosco wins Abu Dhabi container terminal deal

China's Cosco Shipping Ports will invest $400 million in building a container terminal in Abu Dhabi as the emirate aims to expand trade with the world's second largest economy, a senior company official said on Wednesday.

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Motoring

EK Kanoo delivers new fleet to Arabian Taxi

Ebrahim K Kanoo, the sole distributor of Toyota vehicles in Bahrain, delivered five seven-seater Toyota Previa units to Arabian Taxi as part of a growing business relationship between the two companies.

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Health & Environment

Haya Water aims to raise capacity 10-fold

Oman’s Haya Water, a major sewage treatment plant, plans to raise capacity to 900,000 cu m per day by year 2045 from the current intake capacity of 70,000 cu m, a top official said.

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Media & Promotion

Bahrain's Cineco, Majid Al Futtaim to form JV

Bahrain Cinema Company (Cineco) and Majid Al Futtaim Cinemas have announced a joint venture which will operate and expand the current 8,000-sq-m cinema at Majid Al Futtaim’s City Centre Bahrain in Manama.

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Education, HR & Training

Emirates, Unilever top graduate employers in UAE

Dubai-based airline Emirates Group is the most popular employer for fresh university graduates in the UAE, followed by international consumer goods company Unilever, according to the latest research by online recruitment firm GulfTalent.

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Miscellaneous

US to boost military presence in Iraq for Mosul battle

Iraqi Prime Minister Haider al-Abadi said on Wednesday that Washington would send more US troops to help local forces in the battle to retake Mosul from Islamic State expected later this year.

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