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BID TO BOOST TOURISM
GCC aims to launch Schengen-style visa for residents
GCC countries are planning a single visa system (on the lines of Schengen) that would simplify travel within the region and boost tourism across all six of its member states, said a senior UAE minister, adding a pan-GCC visa may be the future of tourism.
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HIGH-TECH FIRM
EDGE takes 50% stake in Brazilian weapons specialist
The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced the acquisition of a 50% stake in Brazilian smart weapons and high-tech systems specialist, SIATT.
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RIYADH CONFERENCE
Tourism leaders stress innovative investments, education
The global tourism industry pledged to promote innovative investment, education and destinations at the official celebrations to mark World Tourism Day (September 28) at the Four Seasons Hotel, Riyadh, Saudi Arabia.
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SPOTLIGHT
Hospitality projects in region 'resilient in face on challenges'
With huge investment in the hospitality sector in the region, rising construction costs, funding delays and higher interest rates are among the key topics under discussion at the Future Hospitality Summit. Here, industry experts share their opinions.
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INSIGHT
Offshore wind industry needs ‘responsible development’
The offshore wind industry is poised for growth, but economic pressures and technological innovation need to be managed, says Allianz Commercial in its new report.
Top Trade News
 | Industry Sectors |
Pantheon breaks ground on $41m Elysee Heights in JVC
Affordable luxury residential developer, Pantheon Development, has broken ground for its latest residential development in Jumeirah Village Circle (JVC), the AED150-million ($41 million) Elysee Heights.
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RAK Properties' Cape Hayat first phase sold out in record time
RAK Properties, Ras Al Khaimah’s leading property developer, has announced the successful sell-out of Phase One of Cape Hayat on the first day of the launch. Cape Hayat is located on Hayat Island, Mina Al Arab.
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KSA to build N-power plant in cooperation with IAEA
Saudi Arabia is working to develop peaceful uses for nuclear energy through close cooperation with IAEA and these include the project to build the first nuclear energy power plant in the kingdom, Saudi Arabia's Minister of Energy has said.
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IBMC launches Integrated International Trade-Flow System
IBMC, the UAE-based financial services consultancy and eMarket Place Trade Flow Service Provider, has launched an innovative Integrated International Trade-Flow System.
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Young Arabs will boycott brands that damage environment: survey
More than half of Arab youth are ready to support calls to boycott brands that damage the environment, rising to about two-thirds of youth in the GCC states followed by North Africa and the Levantine nations.
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Edge to show advanced energy solutions at Adipec
Edge, one of the world’s leading and fastest growing advanced technology and defence groups, will highlight its advanced capabilities and products to the oil and gas and energy sectors at Adipec 2023.
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Radisson eyes 100 operational hotels in region by 2026
Radisson Hotel Group revealed at the Future Hospitality Summit 2023 (September 25-27) underway in Hilton Yas Island, Abu Dhabi, its latest target to reach 100 operational hotels in the Middle East by 2026.
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YK Almoayyed & Sons to support Reboot01 coding institute
In a move to bolster Bahrain's tech ecosystem, YK Almoayyed & Sons, one of the kingdom's esteemed business conglomerates, has announced a two-year corporate alliance with Reboot01, the first-of-its-kind on-campus coding institute in the kingdom.
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NEOM, MB92 Group announce yacht repair centre at Sindalah
NEOM and leading superyacht maintenance company, MB92 Group, have tied up to set up a 10,000 square-metre repair facility for yachts at NEOM’s luxury island and yachting destination on Saudi waters of the Red Sea, Sindalah.
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Qatar gears up to host ‘ultimate’ automotive festival
Qatar Tourism, in collaboration with the Geneva International Motor Show (GIMS), will hold the inaugural edition of GIMS Qatar, scheduled to run from October 5-14, 2023, at the Doha Exhibition and Convention Centre (DECC).
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Shippers need $28bn to decarbonise global fleet by 2050, says report
An additional $8 billion to $28 billion will be required per year to decarbonise ships by 2050, and even more substantial investments of $90 billion annually, will be needed to develop infrastructure for 100% carbon-neutral fuels by 2050, said a report.
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ClearPier acquires UAE-Based MQuest for $35m
ClearPier, one of the world’s leading performance advertising technology companies is acquiring UAE-based Media Quest Group (MQuest) for $35 million.
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Al Dhaid University to ‘welcome students in September 2024’
Al Dhaid University will welcome its first cohort of students in September 2024, announced HH Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.
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Renowned sculptor Lorenzo Quinn boosts Art be a Part fundraiser
World-renowned contemporary Italian artist Lorenzo Quinn, son of Hollywood legend Anthony Quinn, has provided a major boost for this week’s Art be a Part fundraiser in Dubai.
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