Presse-Rückschau KW11, 2019

1. Adnoc to invite bids for sour gas megaproject in May
Abu Dhabi National Oil Company (Adnoc) is expected to issue the invitation to bid (ITB) for the main engineering, procurement and construction (EPC) works on its Hail and Ghasha sour gas megaproject in May, according to sources. Contractors submitted prequalification (PQ) documents for the Hail and Ghasha project, estimated to be worth more than $10bn, in late January. “The ITB will most likely come out in May,” one source said. “However, the award of the [EPC] contract won’t happen before the second quarter of 2020."

Quelle: Meed

2. Contractor wins Dubai Harbour tower construction
Turkey’s Nurol has been awarded the contract to build Emaar’s Beach Vista residential towers at Dubai Harbour. The works involve the construction of one 33-storey tower and another 26-storey tower on the reclaimed land formerly known as Logo Island that now makes up park of the Dubai Harbour development. The towers comprise of 447 apartment buildings as well as food and beverage outlets, parking area and other amenities such as a swimming pool.

Quelle: Meed

3. Strong dollar hurting UAE competitiveness, says Emirates NBD chief
The dirham's peg to the dollar is currently “hurting” the UAE’s economy in terms of competition with other parts of the region, according to Emirates NBD group CEO Shayne Nelson. Speaking at the Financial Times’ Global Financial Forum in Dubai on Monday, Nelson said that the UAE is “basically now a dollarised economy”. “We have a pegged currency and we’re following US interest rates,” he said. “That’s fine if your economy is in sync with the US. But we’re not…our wages are in dollars and we’re competing against a lot of countries around the region that have depreciating currencies against the dollar and therefore the dirham."

Quelle: Arabian Business

4. Dubai's Emaar reveals plan to launch digital currency
Dubai-based Emaar Group has announced plans to leverage blockchain technology to offer the Emaar community token for customers and partners by the end of this year. The announcement is part of Emaar’s focus on innovation, it said in a statement. The Emaar community token will allow the company's customers and stakeholders to reap the value of a full referral and loyalty system across the entire group, opening the Emaar experience potentially to billions of internet users.

Quelle: Arabian Business

5. Sheikh Hamdan approves plan to turn Dubai universities into free zones
The Crown Prince of Dubai has approved a new strategy to create economic and creative free zones in universities. Sheikh Hamdan bin Mohammed Al Maktoum said the plan will allow students to carry out business and creative activities as an integrated part of their higher education. The aim is to support students with education and research, and funding and pave way for the universities to graduate not students, but successful entrepreneurial employers.

Quelle: Arabian Business

 

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