Thursday 28 October 2021

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3,000 JOBS FOR YOUTH
Saudi TDF to set up $400m fund with UK lifestyle group

Saudi Tourism Development Fund (TDF) has signed an agreement with Ennismore, a UK-based developer of hospitality properties, for setting up a SR1.5 billion ($400 million) fund that would bring its lifestyle brands to 12 destinations across the kingdom.

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1,700 HOTEL KEYS IN FIRST PHASE
Nine top brands to operate resorts in Red Sea

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has announced the signing of nine hotel management agreements with international brands to operate resorts at at The Red Sea Project.

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WORK GATHERS PACE
AlUla: RCU signs strategic deals with Aecom, Egis

The Royal Commission for AlUla (RCU) has signed two landmark strategic deals that will further accelerate the regeneration of AlUla as it moves from the planning stage to implementation after the launch of its masterplan in April, 2021.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Adnec unveils big expansion plans for Abu Dhabi, London facilities

Abu Dhabi National Exhibitions Company (Adnec) is expanding the facilities and infrastructure of the group’s centres in Abu Dhabi and London as part of its new growth strategy which includes plans to build the largest exhibition hall in the Mena region.

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Retail & Wholesale

Dubai Shopping Festival to kick off on December 15

The iconic Dubai Shopping Festival is all set to return for its 27th edition from December 15, 2021 to January 29, 2022, offering a diverse line-up of innovative events, world-class entertainment, mega raffles and array of promotions.

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Energy, Oil & Gas

Adipec 2021 to host Smart Manufacturing Conference

Adipec, will host a dedicated Smart Manufacturing Exhibition Zone and Conference will help set the agenda for next successful phase of growth in the energy and manufacturing industries in the Middle East.

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Finance & Capital Market

Dubai Islamic posts 9-month income at $2.4bn

Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has posted a net income of AED8.9 billion ($2.4 billion) during the first nine months of the year, marking a quarter-on-quarter increase of 4%.

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Analysis, Interviews, Opinions

ME only region with improved confidence in Q2, Q3: GECS

The Middle East emerged as the only region to record improved confidence across six straight months spanning the second and third quarters (Q2 and Q3) of 2021, said the latest Global Economic Conditions Survey (GECS).

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Nine top brands to operate resorts in Red Sea

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has announced the signing of nine hotel management agreements with international brands to operate resorts at at The Red Sea Project.

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Motoring

ABB to display the world’s fastest electric car charger at Expo

As part of its mission to power e-mobility, ABB will be showcasing its all-in-one Electric Vehicle (EV) charger at Expo 2020 Dubai, can deliver up to 100 km of range in less than three minutes.

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Health & Environment

Nadal to promote ecofriendly mobility with Kia EV6

Tennis legend Rafael Nadal has signed a contract to promote ecofriendly mobility by increasing the use of Kia’s first dedicated EV, the new EV6 crossover, at a handover ceremony at the Rafa Nadal Academy in Mallorca, Spain.

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Media & Promotion

NorthLadder partners with Al Jalila Foundation

NorthLadder, a UAE-based, second-hand online marketplace for pre-owned electronics, has partnered with Al Jalila Foundation, part of Mohammed Bin Rashid Al Maktoum Global Initiatives.

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Education, HR & Training

Edge signs MoU with UAE Ministry of Education

Edge, the advanced technology group for defence and beyond, will join hands with the UAE Ministry of Education (MoE) to explore cooperation and extend training and sponsorship opportunities to the next generation of top STEM talent.

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Miscellaneous

Locally grown pumpkins set to fly off the shelves this season

Elite Agro, a leading Abu Dhabi producer and distributor of fresh fruit and vegetables, has created the ultimate conditions for cultivating 25 tonnes of pumpkins which are set to fly off the supermarket shelves soon.

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