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LARGEST NUMBER OF HOTEL ROOMS
$7bn Makkah mixed-use project Phase One nearing completion
Work is nearing completion on the first phase of the SR26 billion ($7 billion) Thakher Makkah, a major project coming up near the Grand Mosque in the city, featuring 100 land plots for the development for hotels and residential and retail facilities.
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CORE UTILITIES TOP FOCUS
Taqa mulls potential sale of Dutch upstream assets
Abu Dhabi National Energy Company (Taqa), a major utility in EMEA region, is looking at the potential sale of its key oil and gas units, mainly the upstream assets in Netherlands, said a report adding that it also aims to double the UAE capacity to 30GW.
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RUSSIA OUTPUT CUT RETALIATION
Oil prices may surge to $380 a barrel, warns JP Morgan
Amid ongoing geopolitical tensions and skyrocketing energy rates, global oil prices may hit $380 a barrel if US and European curbs compel Russia to inflict retaliatory crude output cuts, Bloomberg reported, citing analysts at JPMorgan Chase & Company.
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SPOTLIGHT
Desert tech can transform Mena’s agricultural sector
Technological innovations being developed and implemented have the potential to alter production, supply chains, and consumption patterns drastically, in the Middle East and Nort Africa’s (Mena) agritech and foodtech sectors.
Top Trade News
 | Industry Sectors |
SNC-Lavalin lands FM contract for Saudi PPP school project
SNC-Lavalin, a leading project management company, has been awarded facilities management (FM) services contract by the Wave 2 Schools Project of the Saudi Ministry of Education, which is jointly procured with Tatweer Buildings Company (TBC).
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Enoc Group expands its compact station network
Enoc Group has announced the launch of its newest compact station in the Dubai South area, the master-planned city with eight different sub-areas that spans across approximately 145 square kilometres.
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Al Masaood Power Division inks GCC deal with Sunstream
Al Masaood Power Division, leaders and experts in power solutions, has signed a distribution agreement with Sunstream International to spearhead the future of solar panel solutions in the GCC.
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ADX and Bahrain Bourse launch Tabadul exchange hub
Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) have announced the launch of the region’s first digital exchange hub, Tabadul.
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Desert tech can transform Mena’s agricultural sector
Technological innovations being developed and implemented have the potential to alter production, supply chains, and consumption patterns drastically, in the Middle East and Nort Africa’s (Mena) agritech and foodtech sectors.
More…
BRF Sadia opens 1,200 tonnes per month plant in Saudi Arabia
BRF Sadia, one of the largest food companies in the world, has inaugurated its new plant 'Al Joody' in Dammam, Saudi Arabia.
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Radisson's 389-key Palm Jumeirah resort set for Q3 launch
Leading hospitality group Radisson, which continues to strengthen its footprint in the region with significant signings and key developments, is set to open its new property, the 389-key Radisson Beach Resort Palm Jumeirah, during the third quarter.
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Emirates Post, Hub71 tie up to advance logistics sector
Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, have tied up to provide tech startups with greater opportunities to collaborate with EPG and advance the logistics sector using next-generation technologies.
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Rolls-Royce inaugurates world-first Private Office in Dubai
Rolls-Royce Motor Cars has opened its first Private Office outside the UK, in Dubai, which is the first among similar facilities planned for luxury hot spots around the world.
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Bergmeier appointed Jaguar Land Rover Executive Director
Jaguar Land Rover has announced the appointment of Barbara Bergmeier to the newly created role of Executive Director, Industrial Operations, on the Jaguar Land Rover Limited Board.
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Salama and Bayzat join forces to offer exclusive health takaful
Islamic Arab Insurance Company (Salama) and Bayzat have teamed up to provide exclusive health takaful solutions to small and medium enterprises (SMEs) in the UAE.
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Motorcity and Chery celebrate partnership with Malaeb
Motorcity, the exclusive distributor of Chery vehicles, has celebrated its partnership with Malaeb, one of the fastest-growing SportsTech start-ups in Bahrain, for the first season of the in-person Fantast League.
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CFA and Sico launch Women in Investment Programme
CFA Society-Bahrain, the local society of the CFA Institute, has partnered with Sico, a leading regional asset manager, broker and investment bank, to launch a Women in Investment (WIM) Boot Camp Programme.
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Bahrain PM declares Wadi Al-Buhair as nature reserve
HRH Prince Salman bin Hamad Al Khalifa, Bahrain's Crown Prince and Prime Minister, has issued a directive declaring the ecological areas in Wadi Al Buhair as nature reserve and called for preservation of the region known for its terrain and rocky hills.
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