Saturday 24 June 2017

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F&B SPEARHEADING GROWTH
Global halal industry grows 8pc to hit $2.3 trillion

The global halal products and services sector is growing at eight per cent year-on-year to hit $2.3 trillion, higher than the GDP of more than 200 countries in the world, said a report released ahead of a major industry event in Dubai, UAE.

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1

UNCOMPROMISING DEMANDS
Arabs give ultimatum to Qatar: shut Al Jazeera, curb Iran ties

Four Arab states - Saudi Arabia, the UAE, Bahrain and Egypt - that imposed a boycott on Qatar have handed a list of 13 demands, including closure of Al Jazeera TV and curbing Iran ties - and gave Doha 10 days to comply with the demands.

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2

PRICES UNDER PRESSURE
Opec, non-Opec conformity level hits 106pc

Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, said a report.

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3

SPECIAL REPORT
Nowhere To Go: Iraqi kids trapped in cycles of violence, poverty

Three years since the intensification of violence in Iraq, children are trapped in an endless cycle of violence and increasing poverty and continue to witness sheer horror and unimaginable violence, according to a UN Children's Fund (Unicef) report.

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4

TECHNOLOGY
Commercial flying cars ‘a possibility by 2035’

The arrival of Airbus, Google, and Uber into the flying cars market is expected to infuse the much needed momentum to make limited commercial applications of flying cars a possibility by 2035, said an industry expert.

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5

NEWS IN PICTURES
Eid in Dubai

UAE residents and visitors can expect to see a diverse line-up of activities for the upcoming Eid Al Fitr as Dubai gears up for the 10th edition of the 'Eid in Dubai' celebration.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Cavendish Maxwell makes key Mideast appointment

Cavendish Maxwell, a leading property and construction consultancy in the region, has appointed Paul McCambridge as its new head of sales for Property Monitor, a UAE-based real estate data platform offered by top property professionals.

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Retail & Wholesale

EuroMena buys key stake in Moroccan retail group

EuroMena, a major private equity fund based in Lebanon, said it has acquired a minority stake in Retail Holding, the Moroccan franchisee for French giant Carrefour, Virgin Megastore and fast food chain Burger King.

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Energy, Oil & Gas

Opec, non-Opec conformity level hits 106pc

Organization of the Petroleum Exporting Countries (Opec) and the participating non-Opec countries have recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 per cent, said a report.

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Finance & Capital Market

Bahrain to launch national e-wallet on July 4

Bahrain-based Benefit Company has joined forces with Lebanese group FOO technologies to launch the National Mobile Electronic Wallet (BenefitPay), an e-payment software designed to streamline payments within the kingdom, on July 4.

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Analysis, Interviews, Opinions

Nowhere To Go: Iraqi kids trapped in cycles of violence, poverty

Three years since the intensification of violence in Iraq, children are trapped in an endless cycle of violence and increasing poverty and continue to witness sheer horror and unimaginable violence, according to a UN Children's Fund (Unicef) report.

More…
Industry, Logistics & Shipping

Saudi group Al Kabeer opens new food factory in KAEC

Al-Kabeer Group, a leading frozen food producer in Saudi Arabia, has opened its new industrial facility at the King Abdullah Economic City (KAEC) as part of its strategic plan to expand its regional operations and boost production.

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Travel, Tourism & Hospitality

Etihad to boost Mena operations, adds new Dammam flight

UAE national carrier Etihad Airways is set to boost capacity between its Abu Dhabi hub and key Mena markets of Jordan, Lebanon, Egypt and Morocco for the peak June – September travel period besides adding services to Dammam, Saudi Arabia.

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IT & Telecommunications

Etisalat offers free WiFi during Eid holidays

UAE's leading telecom services operator Etisalat said it will offer its high-speed public WiFi for free across malls, restaurants and cafes for residents in the UAE during the Eid Al Fitr holidays.

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Motoring

Nissan names new COO for Saudi Arabia

Japanese automaker Nissan has appointed Bader El Houssami as the new chief operating officer for Saudi Arabia effective July 1. Based in Jeddah, he will be responsible for the company’s day-to-day operational functions within the kingdom.

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Health & Environment

National Ambulance woos Emiratis with new campaign

UAE’s National Ambulance has officially launched its campaign for Emirati Emergency Medical Technician (EMT) Programme, which targets UAE Nationals in the Northern Emirates to pursue careers in emergency medical service.

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Media & Promotion

Essel unit buys Serena’s Mideast media business

Indian multinational conglomerate Essel Group said its regional unit has acquired Serena Middle East, the Dubai-based business of media and production company Serena, as part of its regional expansion strategy.

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Education, HR & Training

Esol to open new American school in Bahrain

Dubai-based Esol Education, a leading organisation specialising in the establishment and management of international schools around the Middle East and Mediterranean, will be opening a new American school in Bahrain in September of 2019.

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Miscellaneous

World population to hit 9.8bn by 2050, says report

The world population is now 7.6 billion, up from 7.4 billion in 2015, spurred by the relatively high levels of fertility in developing nations – despite an overall drop in the number of children people have around the globe, said a report.

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