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Friday 25 October 2024
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OVER 630,000 JOBS CREATED
AVIATION SECTOR CONTRIBUTED $37BN TO DUBAI’S ECONOMY IN 2023

Dubai’s aviation sector, comprising Emirates Group, Dubai Airports (including
DXB and DWC), and other aviation sector entities are set to have contributed
AED137 billion ($37 billion) to Dubai’s GDP last year, according to a study by
Oxford Economist.

more…


1




BIG INFRASTRUCTURE BOOST
SWPC SET TO LAUNCH $12BN NEW WATER PROJECTS IN NEXT THREE YEARS

Saudi Water Partnership Company plans to launch 18 new water projects worth
SAR45 billion ($12 billion) within the next three years. Of these projects, the
contracts for eight of them are expected to be awarded in the next 12 months,
said a top official.

more…


2




LIVESTOCK, MANUFACTURING ON TOP
SAUDI ARABIA NETS $9BN IN PRIVATE FUNDS FOR SUSTAINABLE AGRICULTURE

Saudi agriculture, food sector has recorded a significant surge in private
sector investments with the total hitting SAR37 billion ($9.8 billion). The FDI
covers a wide range of projects including livestock, manufacturing and
infrastructure development.

more…
 * 1
 * 2
 * 3


TOP TRADE NEWS


ARDARA SIGNS UP OBMI, PARSONS FOR FLAGSHIP SAUDI PROJECT



SAUDI ARABIA LAUNCHES PILOT PROGRAMME FOR HYDROGEN-POWERED TAXI



MASDAR, EDF CONSORTIA IN RACE FOR $2BN SAUDI SOLAR PROJECTS



DUBAI REAL ESTATE SALES SURGE TO $37.79BN IN Q3



UAE IN DEAL TO DEVELOP 60GW ENERGY PROJECT IN INDIA



SPANISH GROUP RCR TO DESIGN 73-STOREY MIXED-USE PROJECT IN DUBAI



DHAM REBRANDS ITS RESIDENTIAL PORTFOLIO AS DUBAI RESIDENTIAL



EMIRATES ORDERS FIVE MORE BOEING 777 FREIGHTERS



SSAB, PARMACO TO BUILD FIRST FOSSIL-FREE STEEL CONCEPT BUILDING



TALENT: DUBAI, ABU DHABI RANK FIRST IN EASE OF ENTRY




   
 * Week's Top Stories
 * Most Read Stories

 * Lulu Retail to launch IPO next week; listing on ADX
 * Nakilat's Q3 net profit surges 7.2pc to $340m
 * Gulf Air boosts Singapore operations with new daily flights

 * Schneider Electric sets up new manufacturing plant in UAE
 * Aramex, ZK Holding launch Iraq logistics services JV
 * Saudi forum discusses best practices for green construction

 * Bahri secures $756m Alinma funding for fleet modernisation
 * Hamad International Airport wins LEED Gold certification
 * One Development inks consultancy contract for $544m Dubai project

 * Havelock One plays key role in NBB unit's LEED certification
 * Malware detections in UAE soar 65.3pc: Acronis
 * Emirates Islamic 9M net soars 52pc to $680m; highest ever

 * Arada unveils $1.36bn three-tower seafront development in Dubai
 * DIC arranges 180 business meetings in Belgrade
 * Cruise Saudi in deal to develop private island at Red Sea

 * Saudi equity firm mulls setting up SEZ at King Salman Airport
 * 5G emerges as a focal point at Gitex Global 2024
 * Etihad Airways relaunches cadet pilot programme





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Construction & Real Estate

Retail & Wholesale

Energy, Oil & Gas

Finance & Capital Market

Analysis, Interviews, Opinions

Industry, Logistics & Shipping

Travel, Tourism & Hospitality

IT & Telecommunications

Lifestyle

Motoring

Health & Environment

Media & Promotion

Education, HR & Training

Miscellaneous

Construction & Real Estate


SPANISH GROUP RCR TO DESIGN 73-STOREY MIXED-USE PROJECT IN DUBAI

Spanish group RCR Arquitectes has joined hands with Dubai-based Muraba to create
a 73-storey sanctuary inspired by centuries old tradition. The Muraba Veil will
feature 131 residential units along with a range of curated leisure amenities.

More…
 * Aldar announces completion of Al Hamra Mall revamp
 * POB1 unveils 222-unit residential project in Dubai Silicon Oasis
 * Acwa consortium emerges preferred bidder for Ras Mohaisen IWP
 * ONE Development unveils $544m AI-integrated project at City of Arabia
 * More Stories

Retail & Wholesale


BHIMA JEWELLERS EYES $272M FUNDING FOR BIG GCC EXPANSION

Bhima Jewellers, a leading Indian jewellery group, has unveiled its aggressive
expansion plan for GCC region, targeting 15 stores in UAE in the next three
years. The group aims to raise AED1 billion ($272.2 million) from HNWIs and FIIs
to fund the plan.

More…
 * Aldar announces completion of Al Hamra Mall revamp
 * Lulu Retail to launch IPO next week; listing on ADX
 * Joyalukkas opens its largest showroom in Bahrain
 * Mastercard Payment Passkey Service debuts in the Middle East
 * More Stories

Energy, Oil & Gas


MASDAR, EDF CONSORTIA IN RACE FOR $2BN SAUDI SOLAR PROJECTS

Consortiums of top utility developers including Abu Dhabi's Masdar, French group
EDF as well as TotalEnergies have been shortlisted by Saudi Power Procurement
Company for development of SAR8 billion ($2 billion) solar projects.

More…
 * Acwa consortium emerges preferred bidder for Ras Mohaisen IWP
 * Safeguarding workplace: Brady offers comprehensive identification solutions
 * Sipchem completes turnaround maintenance work at IPC plant
 * Saudi Arabia signs energy deals worth $27.69bn
 * More Stories

Finance & Capital Market


FORMER CBB OFFICIAL NAMED SINGAPORE GULF BANK BOARD MEMBER

Singapore Gulf Bank, the digital bank backed by Bahrain wealth fund Mumtalakat
and privately-held Singapore-based investment firm Whampoa Group, has announced
the appointment of Shaikh Salman Bin Isa Al Khalifa as an independent director
on SGB’s board.

More…
 * MultiBank Group chosen 'Best FX Institutional Liquidity Provider'
 * CBI posts record 9M profit before tax of $69.2m, up 81pc
 * Bahrain set to host second edition of Gateway Gulf
 * Magnati, Ajman Bank to enhance financial solutions for SMEs
 * More Stories

Analysis, Interviews, Opinions


EMPLOYEE BENEFITS GAP POSES RISKS TO RETAINING TALENT

Over 90% of employees across the GCC region rank employee benefits as a key
factor in their job satisfaction, yet a significant number feel their
expectations are not being met, according to new research.

More…
 * Almost all business travellers say luxury enhances productivity: report
 * Voluntary savings matter, says UBS study
 * Middle East EV market a $54bn opportunity by 2035: Bain
 * More Stories

Industry, Logistics & Shipping


SILVER LINE GATE BREAKS GROUND ON ITS DUBAI INDUSTRIAL CITY HUB

Silver Line Gate, a leading food and beverage (F&B) group, has started work on
its integrated hub located within Dubai Industrial City. The key manufacturing,
warehousing and office facility, spanning across a 1.37 million sq ft area,
opens next year.

More…
 * Edge and Baykar forge strategic partnership
 * Aluminium sector helps UAE achieve low-carbon future: Minister
 * Dubai Chamber of Commerce launches Korean Business Council
 * ADSB marks keel laying ceremony for Rabdan FA-400 vessel
 * More Stories

Travel, Tourism & Hospitality


SIX SENSES TO LAUNCH FOUR NEW PROPERTIES IN 2025

Bangkok-based Six Senses Hotels Resorts Spas, renowned for its sustainable
luxury and diverse portfolio of properties, has announced the addition of four
new properties in London, Saudi Arabia’s Red Sea, Milan and Dubai, to its 2025
collection.

More…
 * Aviation sector contributed $37bn to Dubai’s economy in 2023
 * Gen Z 'seeking international adventure travels'
 * Asia-Pacific 'set to drive global tourism growth'
 * JW Marriott to celebrate 40th year with signature garden party
 * More Stories

IT & Telecommunications


BATELCO TO DELIVER SMART BUILDING SOLUTIONS AT DISTRICT COURTYARD MALL

Bahrain's leading telecom company Batelco has signed an agreement with Mayflower
Investment to deliver a comprehensive suite of smart building solutions,
including CCTV, advanced cabling, IBS and Smart TV at its District Courtyard
Mall in Hamala.

More…
 * Edge and Baykar forge strategic partnership
 * Tech Mahindra announces AI Centre of Excellence
 * Kaspersky, Scope partner to boost IoT cybersecurity in Mideast
 * DFF launches Gig Economy and PropTech Sandboxes
 * More Stories

Lifestyle


BEAUTYWORLD MIDDLE EAST TO SHOWCASE ‘CLEAN’ AND ‘CONSCIOUS’ BRANDS

The 28th edition of Beautyworld Middle East 2024, one of the region’s largest
international trade shows for beauty and wellness, will present brands that are
changing the way the sector looks at sustainability, when it gets underway in
Dubai from October

More…
 * MG to launch 3 models at Jeddah International Motor Show
 * Spanish group RCR to design 73-storey mixed-use project in Dubai
 * World of Coffee returns to Dubai brewing with potential
 * Dubai to herald Diwali celebrations with fireworks
 * More Stories

Motoring


SAUDI ARABIA LAUNCHES PILOT PROGRAMME FOR HYDROGEN-POWERED TAXI

The Saudi Transport General Authority (TGA) has launched the pilot phase for
hydrogen-powered vehicles in the private taxi sector, thus marking a significant
milestone for the kingdom. These vehicles have a 350km range and can run for
eight hours a day.

More…
 * MG to launch 3 models at Jeddah International Motor Show
 * 85m EVs will be on the road by end of 2025: Gartner
 * New Škoda Karoq SUV arrives in the Middle East
 * Emirates Transport to pilot test hydrogen and electric vehicles
 * More Stories

Health & Environment


WHO INVESTMENT ROUND WINS $1BN IN COMMITMENTS

The World Health Organization (WHO) has received nearly $700 million in new
funding commitments from European countries, foundations and others, and another
$300 million in reaffirmed commitments.

More…
 * Aluminium sector helps UAE achieve low-carbon future: Minister
 * KFSHRC conducts 500 paired kidney transplants
 * Leading Hospitality Services and EmiratesGBC in tie-up
 * KFSHRC performs first robotic left-at-right liver transplant
 * More Stories

Media & Promotion


POP LEGEND TO PERFORM IN ABU DHABI IN APRIL 2025

Sting, a 17-time Grammy Award winner, will perform in Abu Dhabi, on April 3,
2025, as part of his Sting 3.0 World Tour presented by Live Nation Middle East.
The band will deliver electrifying hits and rarities from the pop legend’s
timeless discography.

More…
 * Sphere to open its second GenNext leisure venue in Abu Dhabi
 * Gulf Hotel Bahrain named catering services provider for BIC
 * Glaston Corporation in strategic collaboration with glasstec
 * Mace lands DEC Phase 1 project and design management contract
 * More Stories

Education, HR & Training


PIF SETS UP NEW FIRM TO MEET SAUDI STAFF HOUSING DEMAND

Saudi wealth fund PIF has announced the establishment of SARCC (Smart
Accommodation for Residential Complexes Company), a new entity that will meet
the growing demand for accommodation solutions for both public and private
projects across the kingdom.

More…
 * 26 global icons to converge in Dubai for Gladiator Summit
 * Foulath Holding wins Best Happiness Initiative for 2nd year
 * Industrialists Career Exhibition to offer Emiratis over 900 jobs
 * Industrialists Career Exhibition to offer Emiratis over 900 jobs
 * More Stories

Miscellaneous


ONE-THIRD OF NEW UAE BOARD MEMBERS ARE WOMEN: REPORT

Board diversity in the UAE is on a promising rise, with a significant increase
in first-time board members and a stronger presence of women, who account for
one-third of the new members.

More…
 * Dubai to host 24 global, local sports events
 * Jumeirah Muscat Bay to hold open-water swimming contest
 * Space Cities Network launches global collaboration
 * Pop legend to perform in Abu Dhabi in April 2025
 * More Stories




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