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Saturday 27 August 2022
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EIGHT SCREEN CINEPLEX
PRINCE MOHAMMED NONPROFIT CITY SEALS MUVI CINEMAS DEAL
Prince Mohammed Bin Salman Nonprofit City, a first-of-its-kind project in the
world, has signed an agreement with Saudi’s homegrown cinema brand muvi Cinemas
to open a new cinema experience in the recently announced central zone of the
City, Al Mishraq.
more…
1
$335M CASH TRANSACTION
EMAAR MALLS TO SELL 100% STAKE IN NAMSHI TO NOON
Emaar Malls Management, a wholly-owned subsidiary of Emaar Properties, and Noon
AD Holdings have agreed that Emaar Malls will sell the entire share capital of
Namshi Holding to noon for AED1.23 billion ($335.2 million).
more…
2
BOOST FOR VISION 2030
SAUDI ARABIA’S NEW TOURISM LAW TO DRIVE BUSINESS, INVESTMENT
Saudi Arabia has passed a new tourism law that will accelerate the development
of an internationally competitive tourism sector in the Kingdom which will drive
business, innovation and investment.
more…
3
TECHNOLOGY
A GREEN MARITIME FUTURE: IT’S TIME TO TALK THORIUM
Robert McDonald, Principal Engineer, Institute for Energy Technology (IFE), says
it’s time to shine the spotlight on the unique potential of Thorium and Small
Modular Reactors.
more…
4
SPOTLIGHT
USE OF TECHNOLOGY KEY IN RECRUITMENT PROCESS
Use of latest technology in the hiring and verification of potential candidates
has proved essential in supporting the employment process in both public and
private sectors, says Sunil Kumar, CEO of The DataFlow Group, in an article.
more…
* 1
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* 3
* 4
* 5
TOP TRADE NEWS
KOREAN GROUP INKS $2.2BN EGYPT NUCLEAR PLANT CONTRACT
SWPC ISSUES RFPS FOR 500,000-CU-M SAUDI WATER PIPELINE
AL MAHA BUYS 45PC STAKE IN OMANI GROUP AL HAEL CERAMICS
SAUDI MOVES ALL PUBLIC MEDICAL ASSETS TO HEALTH HOLDING COMPANY
TOP HEALTHCARE GROUP BURJEEL UNVEILS BIG SAUDI PLANS
GLOBAL GOODS TRADE GROWTH SLOWS IN Q2: WTO
QATARENERGY AWARDS EPC CONTRACT FOR 875MW SOLAR PLANTS
ANCHORAGE SHORTLISTS TOP GLOBAL FIRMS FOR $2BN EGYPT INDUSTRIAL PROJECT
URB UNVEILS 'WORLD'S LARGEST NET ZERO COMMUNITY' IN KUWAIT
EMIRATES GLOBAL ALUMINIUM H1 NET PROFIT SURGES TO $1.6BN
* Week's Top Stories
* Most Read Stories
* UAE’s non-oil foreign trade tops AED1 trillion in H1
* Petroplan boosts presence in Saudi Arabia; eyes EPC market
* Mubarak AlSuwaiket to set up manufacturing unit at Saudi energy park
* Nakheel unveils masterplan for key Dubai Islands project
* Sohar wins investors' nod for $2.58bn share capital hike
* ADX tops Arab region with $110.64 market value: AMF
* Saudi Arabia gets ready for first female boxing bout
* Bahrain tops in global Expat Essentials Index
* AD Ports launches advanced logistics hub at Kizad
* New Lincoln Navigator arrives in the Middle East
* Acwa Power H1 profit up 21.22%, reaches $144m
* Group Amana delivers the world’s largest vertical farm
* Saudi Exchange lists iHR on Nomu Parallel Market
* Gulf Navigation seals refinancing deal for 5 petchem tankers
* CBRE advises Aldar on $1.2bn ADGM Square transaction
* Bahrain's residential capital values remain upbeat in Q2
* WSG acquires Australian maintenance business Eftech
* Emirates to resume direct A380 services to Auckland, Kuala Lumpur
INDUSTRY SECTORS
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
GROUP AMANA DELIVERS THE WORLD’S LARGEST VERTICAL FARM
Group Amana, a regional leader in design-build construction, has announced that
it has delivered its first-ever vertical farm in the region, which will boost
long-term food security and self-sufficiency in the UAE.
More…
* Emirates Steel Arkan mulls big Asia, Africa expansion
* Korean group inks $2.2bn Egypt nuclear plant contract
* SWPC issues RFPs for 500,000-cu-m Saudi water pipeline
* Prince Mohammed Nonprofit City seals muvi Cinemas deal
* More Stories
Retail & Wholesale
MAJID AL FUTTAIM H1 EDITDA RISES 18PC TO $520M
Majid Al Futtaim, a leading shopping malls, communities, retail and leisure
pioneer, has seen its first-half (H1) EBITDA (Earnings Before Interest, Taxes,
Depreciation and Amortisation) rise 18% to AED1.9 billion ($520 million).
More…
* BinSina Pharmacy Group opens flagship outlet at Mall of Oman
* Emaar Malls to sell 100% stake in Namshi to noon
* MOTF launches summer-chic pieces in the Nature Collection
* Jones the Grocer Express store opens in DIFC
* More Stories
Energy, Oil & Gas
ADNOC DRILLING ACQUIRES $70M PREMIUM JACK-UP RIG
Cementing its position as the largest owner and operator of rigs in the Middle
East, Adnoc Drilling Company has signed a sale and purchase deal to acquire an
additional premium offshore jack-up drilling unit for $70 million.
More…
* Korean group inks $2.2bn Egypt nuclear plant contract
* Middle East shipping and ports 'primed for hydrogen transition'
* nogaholding concludes Empower summer internship programme
* EthosEnergy shortlisted for Optimisation Award
* More Stories
Finance & Capital Market
ASSETS OF UAE-LISTED NATIONAL FIRMS SURGE 10% IN H1
The assets of national companies listed in local financial markets rose by 10%
in the first half of 2022, equivalent to AED425.7 billion ( ), an indicator of
their robust financial performance and ability to expand their operational
activities.
More…
* Denèfle named as candidate for IUMI presidency
* Saudi's Tamra Capital signs deal with Shariyah Review Bureau
* ITIC returns profits to members for 27th year running
* New internship programme for training graduates in banks
* More Stories
Analysis, Interviews, Opinions
3 TIPS TO HELP MANUFACTURERS ADAPT TO CHANGING DEMANDS
Disruption, innovation, and continual refinement of shopfloor processes are
driving factors in today’s complex market landscape, said an industry expert,
listing three tips to help manufacturers adapt to changing demands.
More…
* Reset of workplaces needed for effective hybrid work
* A green maritime future: it’s time to talk thorium
* The facets of digital transformation in nursing and geriatric care
* Use of technology key in recruitment process
* More Stories
Industry, Logistics & Shipping
80PC EXECUTIVES THINK ‘AUTOMATION CAN BE APPLIED TO ANY DECISION’
Some 80% of executives think automation can be applied to any business decision,
according to a recent survey by Gartner, a leading a technological research and
consulting firm.
More…
* Pratt & Whitney Canada certifies PW127XT-M turboprop engine
* Denèfle named as candidate for IUMI presidency
* Tenmou invites 25 Bahraini SMEs for CIPE Programme
* Abu Dhabi to launch new blockchain, virtual assets strategy
* More Stories
Travel, Tourism & Hospitality
WIZZ AIR LAUNCHES OVER 1M LOW-FARE SEATS TO SAUDI ARABIA
Wizz Air, Europe’s fastest growing and most sustainable airline, has launched
over one million low fare seats on 20 routes from Europe to Riyadh, Jeddah, and
Dammam to support Saudi Arabia’s Vision 2030.
More…
* Pratt & Whitney Canada certifies PW127XT-M turboprop engine
* Al Habtoor Group's revenue surges 19pc for H1
* KSA welcomes Hayya card holders during World Cup
* Rua Al Madinah unveils masterplan for mega tourism project
* More Stories
IT & Telecommunications
TAQA GROUP, INJAZAT TO ADVANCE DIGITAL TRANSFORMATION IN THE UAE
Injazat, the UAE’s home-grown technology champion in digital transformation,
cloud, and cyber security, has announced winning a digital transformation
project for Taqa Group.
More…
* Saudi's Tamra Capital signs deal with Shariyah Review Bureau
* Abu Dhabi to launch new blockchain, virtual assets strategy
* AmiViz onboards Cyber Security Works
* 80pc executives think ‘automation can be applied to any decision’
* More Stories
Lifestyle
MOTF LAUNCHES SUMMER-CHIC PIECES IN THE NATURE COLLECTION
Global online fashion retailer MOTF has announced the launch of The MOTF Nature
Collection in the Middle East, an all-new women's light-weight summer style
collection that exudes the essence of nature in both form and fabrics.
More…
* Kia EV9 undergoes final technical testing ahead of 2023 debut
* B1 sells largest penthouse on Palm Jumeirah's Atlantis
* Majid Al Futtaim H1 EDITDA rises 18pc to $520m
* Lamborghini unveils the new Urus Performante Super SUV
* More Stories
Motoring
ARABIAN AUTO OFFERS LEASE DEAL ON NISSAN FOR FLEET OWNERS
Arabian Automobiles, the flagship company of the AW Rostamani Group and the
exclusive dealer for Nissan in Dubai, Sharjah, and the Northern Emirates, has
announced an exclusive “Lease with Ease” deal for fleet customers.
More…
* RTA, Keolis-MHI launch trial rail automated system in Dubai
* Kia EV9 undergoes final technical testing ahead of 2023 debut
* MG Motor confirms production of Cyberster Roadster
* Lamborghini unveils the new Urus Performante Super SUV
* More Stories
Health & Environment
BINSINA PHARMACY GROUP OPENS FLAGSHIP OUTLET AT MALL OF OMAN
Renowned UAE-based pharmacy group, BinSina has announced its foray into the Oman
market with the launch of its flagship outlet at the Mall of Oman.
More…
* Abu Dhabi in deal to implement agriculture genome programme
* Hikma, Adalvo in deal to commercialise AR medication
* Saudi moves all public medical assets to Health Holding Company
* Top healthcare group Burjeel unveils big Saudi plans
* More Stories
Media & Promotion
KSA WELCOMES HAYYA CARD HOLDERS DURING WORLD CUP
The Kingdom of Saudi Arabia (KSA) will welcome Hayya card holders to the kingdom
ten days prior to the start of the FIFA World Cup Qatar 2022.
More…
* Prince Mohammed Nonprofit City seals muvi Cinemas deal
* First edition of Landmarks in Logistics Awards 2022 announced
* Palms Sports bags $83.3m UAE govt service contract
* MMS and Saudi Sports Company renew partnership
* More Stories
Education, HR & Training
NOGAHOLDING CONCLUDES EMPOWER SUMMER INTERNSHIP PROGRAMME
Bahrain’s Oil and Gas Holding Company (nogaholding) and its operating companies
have successfully concluded their youth summer internship programme, Empower.
More…
* Arada joins Sheraa to host Emirati Women’s Day event
* New internship programme for training graduates in banks
* BisB Managers earn CIBAFI’s Islamic Banker Certification
* Red Sea Farms launches back-to-school campaign in KSA
* More Stories
Miscellaneous
JONES THE GROCER EXPRESS STORE OPENS IN DIFC
Jones the Grocer, a popular Australian gourmet grocer and café has now opened a
Jones the Grocer Express store at Dubai International Financial Centre (DIFC)
located in Gate District Precinct Building 5..
More…
* Bahraini public back remote government services: survey
* Agritech start-up Graze-it kicks off ops in UAE, KSA
* Transguard Security hits 17,000 milestone
* Saudi Arabia gets ready for first female boxing bout
* More Stories
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