Monday 26 July 2021


Cyber attackers 'will have capability to harm humans by 2025'

By 2025, cyber attackers will have weaponised operational technology (OT) environments to successfully harm or kill humans, according to Gartner Inc.



Saudi Arabia, UAE spearhead $15.8bn GCC projects market

The GCC construction market has recorded $15.8 billion worth of new project announcements in the second quarter, being spearheaded by Saudi Arabia with half of the contribution, followed by the UAE with a one-third share, according to a report.



DP World, Rosatom sign deal for Northern Transit Corridor

DP World, Dubai-based global trade enabler and Rosatom, the state-owned nuclear energy corporation of Russia, have partnered to develop the Northern Transit Corridor as a viable and sustainable route between Asia and Europe.


Top Trade News


Industry Sectors

Construction & Real Estate

L&T wins contract for 132/11kV Dubai substation

India's top engineering and construction conglomerate Larsen & Toubro (L&T) has announced that one of its units has won a key contract to design, supply, construct, install and commission a 132/11kV substation in Dubai along with associated cable works.

Retail & Wholesale

Herman Miller, Knoll join hands to set up new furniture brand

Herman Miller, a key player in office furniture and home furnishings, has acquired US design firm Knoll to set up a new entity MillerKnoll. The Miller-Knoll combination includes top brands such as DatesWeiser, Edelman Leather, Holly Hunt and FilzFelt.

Energy, Oil & Gas

Dewa, Stanford to set up hitech PV system at Al Maktoum Solar Park

Dubai Electricity and Water Authority's (Dewa) has joined hands with Stanford University to develop an advanced system to forecast PV production at the Al Maktoum Solar Park, which is set to become the largest such single-site facility in the world.

Finance & Capital Market

Global startup funding spikes 157% in Q2; tops $150bn

The global startup funding spiked 157% between the second-quarter (Q2) of 2020 and Q2 2021 from $60.7 billion to a record $156.2 billion, according to data acquired by Finbold, a leading provider of the latest finance news.

Analysis, Interviews, Opinions

Agility, digital and ESG key to banks’ success, says report

Agility, digital and ESG are key to banks’ success, said professional services firm Accenture in a new report, adding that banking chief financial officers (CFOs) can leverage each to guide the business forward.

Travel, Tourism & Hospitality

Dusit announces Oman debut with 252-unit deluxe resort

Dusit International, one of Thailand’s leading hotel and property development companies, has expanded its presence in the Middle East with the opening of dusitD2 Naseem Resort, Jabal Akhdar – the first Dusit-branded hotel in Oman.

IT & Telecommunications

Nokia, Vodafone harness machine learning

Nokia and Vodafone have launched a jointly developed machine learning (ML) product, running on Google Cloud, to quickly detect and remediate network anomalies before they impact Vodafone customers.


Aston Martin launches new online configurator

Aston Martin has launched an all-new configurator, designed to elevate the luxury brand’s online digital experience for customers, fans and dealer partners.


Volvo Penta starts e-driveline production for Rosenbauer’s fire truck

Volvo Penta, a global supplier of premium power solutions, has joined forces with fire service vehicle manufacturer Rosenbauer to start production of bespoke electric drivelines for the world's first serial electric fire truck.

Health & Environment

Vaccine inequity weakening global economic recovery: WHO

Covid-19 vaccine inequity will have a lasting and profound impact on socio-economic recovery in low- and lower-middle income countries without urgent action to boost supply and assure equitable access for every country, a report said.

Media & Promotion

Tamer Hosni, Myriam Fares wow Abu Dhabi Eid crowd

Abu Dhabi's Department of Culture and Tourism has successfully concluded its 2021 Eid Concert series with Arab superstars Tamer Hosni and Myriam Fares thrilling the crowd at Etihad Arena on the second night of Eid concerts.

Education, HR & Training

Broadway Malyan completes work on first school in Egypt

UK-based Broadway Malyan has designed a new international school as part of a mixed-use community in the Egyptian capital. Kent College West Cairo, which boasts 70 classrooms, a 450-seat auditorium and a full-size football pitch, opens its doors in 2022.


Tokyo Olympic Games begin amid Covid-19 concerns

The opening ceremony of the Tokyo Olympics was held on Friday night in a nearly empty National Stadium amid unprecedented challenges caused by the coronavirus pandemic.

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