Sunday 17 December 2017

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KEY PPA AGREEMENT SIGNED
Lekela wins deal to build 250MW wind project in Egypt

Lekela, a leading renewable power generation company, has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) and Egypt’s Minister of Energy to develop a 250MW wind farm in the Gulf of Suez.

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1

SERVICES FOR 146 GAS WELLS
Schlumberger wins big Saudi Aramco drilling contracts

Schlumberger, one of the world's leading oil services companies, said it has secured two lump sum contracts from state oil giant Saudi Aramco for drilling rigs and services for oil and gas wells within the kingdom.

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2

CREATING AVIATION HISTORY
Lockheed Martin eyes world's first supersonic business jet

Leading global security and aerospace company Lockheed Martin said it has joined forces with Aerion, a leader in supersonic technology, to develop the world's first supersonic business jet - the Aerion AS2.

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3

SPECIAL REPORT
Global security spending to top $96bn in 2018: Gartner

Worldwide security spending is expected rise to a total of $96.3 billion in 2018, an increase of 8 per cent from 2017, said a new report from Gartner, a leading research and advisory firm.

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4

ANALYSIS
GCC downstream to see medium-term volatility: study

The GCC refining market is expected to remain volatile in the medium term, with significant uncertainties on the demand side, mainly linked to the economic growth prospects of the US, Europe and China, a report said.

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5

NEWS IN PICTURES
Bricktacular Christmas tree

Legoland Dubai has unveiled the centerpiece of their festive celebration - the 10-m tall Lego Christmas tree. Siegfried Boerst, general manager of Legoland Dubai, added in the final bricks, before the tree was officially revealed.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi Arabia launches new housing project in Jeddah

Saudi government has launched its ambitious Jeddah Gateway housing project, which will boast 30 buildings with eight to 16 floors offering 1,952 apartments over a 192,000-sq-m area east of Haramain Expressway, said a report.

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Retail & Wholesale

Al Adil opens new supermarket in Bahrain

Al Adil Trading Company, a leading name for Indian food stuff in the GCC region, last night opened its 39th outlet at Umm Al Hassam area of Bahrain, as part of its regional expansion plan. This is its third outlet in the kingdom.

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Energy, Oil & Gas

TechnipFMC opens new plant in Abu Dhabi

TechnipFMC, a global leader in subsea, onshore/offshore, and surface projects, said it has officially opened its new 18,000-sq-m facility located in Industrial City of Abu Dhabi (ICAD) as part of its continued investment in the UAE.

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Finance & Capital Market

Dubai Investments to roll out new sustainability goals

Dubai Investments, a leading, diversified investment company, is set to adopt a number of ideas and initiatives across the group, put forth by its sustainability champions to support the 17 UN Sustainable Development Goals (SDGs).

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Analysis, Interviews, Opinions

Global security spending to top $96bn in 2018: Gartner

Worldwide security spending is expected rise to a total of $96.3 billion in 2018, an increase of 8 per cent from 2017, said a new report from Gartner, a leading research and advisory firm.

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Industry, Logistics & Shipping

Saab launches new production unit in Abu Dhabi

Saab, a defence technology solutions supplier, has officially launched its development and production centre in Abu Dhabi at Tawazun Industrial Park (TIP), the hub for strategic defence and aerospace manufacturing.

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Travel, Tourism & Hospitality

Flydubai launches debut flight to Kilimanjaro

Dubai-based low-cost carrier flydubai said it has become the first UAE airline to provide direct air links to the Tanzanian city of Kilimanjaro, thus expanding its network in Africa to 12 destinations with 14 flights a week.

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IT & Telecommunications

SAP unveils SAP SuccessFactors People Central Hub

SAP, an enterprise application software provider, has unveiled a new way for customers to simplify and speed the use of cloud-based people and organisational data across their businesses with the SAP SuccessFactors People Central Hub solution.

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Lifestyle

Gemini breaks ground on Dubai Business Bay tower

UAE-based Gemini Property Developers has broken ground on the 29-storey ‘Symphony’ tower in Dubai’s Business Bay, the second in a series of high-end luxury residential projects being planned by the company.

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Motoring

Gargash breaks ground on flagship Merc-Benz store

Gargash Enterprises, the authorised general distributor of Mercedes-Benz in Dubai, Sharjah and the Northern Emirates, recently laid the foundation for a world premier flagship store for the automotive brand in Dubai, UAE.

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Health & Environment

$1.2bn Kuwait hospital set for March opening

About 70 per cent of the work at the New Jahra Hospital, a $1.2-billion development taking shape on a 440,000-sq-m area in Kuwait, has been completed and the 1,171-bed facility is on track for completion by March next year.

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Media & Promotion

Emirates marks Bahrain National Day with A380 flight

Dubai's national carrier Emirates yesterday operated a special one-off A380 service to Bahrain in celebration of the country’s 46th National Day. The special flight, EK 835, was one of the shortest scheduled A380 flight routes in the world.

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Education, HR & Training

Ooredoo holds digital literacy programme

Ooredoo Oman, a top telecom provider, has partnered with Al Roya Press and Publishing to launch a digital literacy programme which will empower more than 900 women with essential IT skills.

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Miscellaneous

PepsiCo names new CEO for Asia, Mena

PepsiCo has announced that effective January 1, 2018, Mike Spanos, currently President, PepsiCo Greater China Region, will become Chief Executive Officer, Asia, Middle East and North Africa (Amena).

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