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GREATER PRIVATE CONTRIBUTION
Bahrain's real GDP grows 4.9% in 2022; hits 10-year high
Bahrain's real gross domestic product (GDP) grew 4.9% in 2022, hitting a 10-year high, driven by non-oil GDP growth and greater private sector contribution towards economic activities. It had witnessed a 6.2% non-oil GDP growth, said a senior minister.
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CITY TO HOUSE 400,000 RESIDENTS
Egis lands PMC contract for mega Kuwait mixed-use project
Egis Group has won the project management consultancy (PMC) contract for Al Mutlaa City, a mixed-use project in Kuwait spanning 104 sq km and featuring commercial, light industrial and residential areas that will be home to nearly 400,000 residents.
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GRID EXPANSION, EFFICIENCY VITAL
$35 trillion needed by 2030 for successful energy transition
A successful energy transition demands bold and transformative measures and for this, investments worth $35 trillion will be needed on a global scale by 2030, prioritising efficiency, electrification, grid expansion and flexibility, said an expert.
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INSIGHT
Investors eye ‘retiring 3 years earlier’ than non-investors
People who invest their wealth expect, on average, to retire 3 years earlier than non-investors, a survey by global market research firm YouGov commissioned by private market exchange ADDX has found.
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FOCUS
Why now is the right time to start preparing for Corporate Tax in UAE – DgTx
The Corporate Tax regime in the UAE will begin from June 1, 2023; however, as per leading UAE digital taxation company DgTx, businesses must start prepping for the Corporate Tax now.
Top Trade News
 | Industry Sectors |
Egis lands PMC contract for mega Kuwait mixed-use project
Egis Group has won the project management consultancy (PMC) contract for Al Mutlaa City, a mixed-use project in Kuwait spanning 104 sq km and featuring commercial, light industrial and residential areas that will be home to nearly 400,000 residents.
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Géant opens two new stores in the UAE
Géant, part of GMG, is reiterating its commitment to being the community’s preferred choice across the UAE with two strategic and timely new openings.
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$35 trillion needed by 2030 for successful energy transition
A successful energy transition demands bold and transformative measures and for this, investments worth $35 trillion will be needed on a global scale by 2030, prioritising efficiency, electrification, grid expansion and flexibility, said an expert.
More…
Bahrain's real GDP grows 4.9% in 2022; hits 10-year high
Bahrain's real gross domestic product (GDP) grew 4.9% in 2022, hitting a 10-year high, driven by non-oil GDP growth and greater private sector contribution towards economic activities. It had witnessed a 6.2% non-oil GDP growth, said a senior minister.
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How Gen Z and Gen Alpha will shape business T&E process
Gen Z will be the largest workforce demographic by 2030, with Gen Alpha beginning their career journeys, said SAP Concur in a new report aiming to help travel managers level-set travel & expense (T&E) operations going forward.
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AD Ports Group revenue soars 41% to $1.5bn in 2022
AD Ports Group, the exclusive developer and regulator of ports in Abu Dhabi, reported strong operational and record financial performance in 2022, with revenue growth of 41% year-on-year to AED5.5 billion ($1.5 billion).
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Gulf Air celebrates launch of new Goa route
Gulf Air, the national carrier of Bahrain, yesterday celebrated the launch of its newest destination, Goa.
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Saudi Arabia leads Mena region in fintech growth
The Saudi fintech market is witnessing unprecedented growth and in recent years has begun to rival neighbouring economies such as Egypt and the UAE in startup investments, according to a report by the US-Saudi Business Council.
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Jacob & Co unveils $20m timepiece
It is museum worthy; it's a work of art that took more than three years in the making. At $20 million a piece, Billionaire Timeless Treasure from Jacob & Co is one of the most expensive watches ever crafted.
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KFH-Bahrain offers over $23,000 in cash prizes this Ramadan
Kuwait Finance House – Bahrain, a leading Islamic bank in the kingdom, has officially launched the ‘Apply-and-Win’ promotion offering its auto-finance clients an opportunity to win cash prizes worth more than BD9,000 ($23,724) during Ramadan.
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Enoc Group breaks ground on new Dubai screening centre
Enoc Group, a leading integrated global energy player, has broken ground on its occupational screening centre located in Jebel Ali, Dubai. Set to open in H1 2024, the new centre will offer comprehensive health and support services for Enoc group.
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Snap launches ARES to bring power of its AR to businesses
Snap has unveiled AR Enterprise Services (ARES), a new enterprise solution to enable businesses to integrate Snap's Augmented Reality (AR) into their owned and operated channels with ease and at scale.
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Schneider Electric seeks disruptive ideas for greener cities
Schneider Electric, a leader in the digital transformation of energy management and automation, has launched NextGen Go Green, a global student competition seeking disruptive ideas to make cities more sustainable and community-oriented.
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SIIG agrees to invest $70m in Unibio
The Saudi Industrial Investment Group (SIIG), a privately owned petrochemical firm, has signed an agreement to invest approximately $70 million in Unibio International, the leading sustainable protein company.
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