July, 2016

• 18 July

  Real estate sector builds on PPP model

  

    ALKESH SHARMA / Emirates Business UAE’s construction and real estate sector is poised for sturdy growth over the next five to ten years, as the industry is exploring an already favourable Public Private Partnership (PPP) investment structure. However, at a time when many banks are shying away from giving easy loans, PPP model emerges as a boon in the ...

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• 18 July

  Flash tech a must for IT industry

    RITIKA SHARMA / Emirates Business For regional businesses looking to digitally transform, the idea of an all-flash data center has become a practical reality, regional IT experts opine. However, the demand for the technology remains high, regional players are citing ‘cost’ as a major barrier in the adoption of this technology. Regional experts voice that it is high time ...

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• 18 July

  University of Dubai partners with CISI

    Dubai / Emirates Business The Chartered Institute for Securities & Investment (CISI), has partnered with the University of Dubai and its Centre of Executive Development to provide internationally recognised financial qualifications to students. This partnership recognises University of Dubai as the first educational institution in the UAE to partner with CISI, highlighting the growing demand for professionalism in the ...

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• 18 July

  Abu Dhabi offers a spectacular summer for all

  

    Abu Dhabi / Emirates Business Abu Dhabi Summer Season is set to thrill yet again, with this season boasting a captivating array of fantasy and action-packed edutainment shows and installations across multiple venues throughout the emirate. If you are looking for an exciting interactive experience that will encourage curiosity and create lasting memories for you and for the younger ...

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• 18 July

  Algeria passes new law to improve business climate

  

    Algiers / Reuters Algeria’s parliament has approved a new investment law that the government hopes will improve the business climate outside the oil sector after a drop in energy earnings of almost 50 percent due to falling oil prices. The law is part of reforms planned by the OPEC member state to diversify its economy away from oil and ...

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• 18 July

  Hapag-Lloyd to merge with United Arab Shipping

    AFP German container shipping giant Hapag-Lloyd has announced it is teaming up with United Arab Shipping Company to become one of the world’s top five shipping companies as consolidation in the sector continues apace. “Hapag-Lloyd AG and United Arab Shipping Company (UASC) have signed a Business Combination Agreement to merge both companies, subject to the necessary regulatory and contractual ...

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• 18 July

  Saudi Arabia plans shipbuilding complex to boost crude exports

  

    Bloomberg Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Energy Minister Khalid Al-Falih said. The country, the world’s largest oil-producing nation, eventually will have a shipping fleet that will match its oil capabilities, Al-Falih said in Riyadh. Saudi Arabian Oil Co., or Aramco, will need more ...

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• 18 July

  Saudi shipper Bahri plans to increase VLCC fleet to 46

  

    Reuters National Shipping Company of Saudi Arabia (Bahri) is planning to increase its fleet size to around 46 ships by the end of 2018, a senior executive said on Sunday. The figure would likely make the company, the exclusive oil-shipper of Saudi Aramco, the world’s largest operator of very large crude carriers (VLCCs), Naser al-Abdulkareem, Bahri’s president of oil ...

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• 18 July

  Iraq’s marshes grab place in UNESCO heritage sites

  

    Reuters A wetland in southeast Iraq, thought to be the biblical Garden of Eden and almost completely drained during Saddam Hussein’s rule, has become a UNESCO world heritage site, Iraqi authorities said on Sunday. Fed by the Tigris and Euphrates rivers, the marshlands of Mesopotamia are spawning grounds for Gulf fisheries and home to bird species such as the ...

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• 18 July

  Kuwait’s Zain approaches Egypt telecom regulator on 4G licence

    REUTERS Kuwait’s Zain has communicated to Egypt’s telecommunications regulator its preliminary interest in obtaining a fourth-generation (4G) licence, the operator said in a bourse filing on Monday. Zain “is studying a number of investment opportunities available in the region, one of which is the Egyptian telecommunications market as a strategic market in the Middle East and Africa”, the company ...

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