Wednesday 1 December 2021

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OMICRON RISK
WHO advises 60+ to postpone international travel

The World Health Organisation (WHO) has advised that people above 60 years of age or those with comorbidities that present an increased risk of Covid-19 should postpone travel to areas with community transmission.

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FOUR MASTER PLANS
Diriyah Gate announces 14 hotels as part of $50bn plan

Saudi Arabia’s Diriyah Gate Development Authority (DGDA) has announced the first 14 of its planned 38 hotel brands as part of the $50.6 billion transformation of the historic city of Diriyah over the coming years.

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2

STRONG GROWTH IN GOODS
Global trade up 23% on pre-Covid levels this year

Global trade is expected to be worth about $28 trillion this year - an increase of 23 percent on pre-pandemic levels - but the outlook for 2022 remains very uncertain, UN economists said.

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3

FOCUS
Avoiding the shopping blues: How to shop online safely

With the holiday shopping bonanza right around the corner, here's how to make sure your online spending spree is hacker-free

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Top Trade News

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Industry Sectors

Construction & Real Estate

WSP, Emaar celebrate topping out of Opera Grand tower

WSP, a leading professional services consulting firm, has announced the topping out of Emaar's Opera Grand tower in Dubai. A 72-storey building, it boasts a mix of one-, two-, three-, four and five-bedroom apartments, as well as podium-level townhouses.

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Retail & Wholesale

Store Makers sets up retail interior powerhouse for Middle East

The Store Makers in the Middle East is set to bring three strong brands under one roof starting from January 1. The new entity aims to be a powerhouse for retail interiors in the region with its substantial manufacturing capacities and retail expertise.

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Energy, Oil & Gas

Aramco awards $10bn EPC contracts for big Saudi gasfield

Energy giant Aramco has awarded subsurface and EPC contracts worth $10 billion for the vast Jafurah field development, the largest non-associated gas field in Saudi Arabia. Its overall lifecycle investment at Jafurah is likely to exceed $100 billion.

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Finance & Capital Market

Bahrain ranks 4th globally in Islamic Finance

Bahrain has ranked fourth in the world and second in MENA for Islamic finance development according to the 2021 Islamic Finance Development Indicator – IFDI 2021 by Refinitiv, a leading provider of intelligent information for businesses and professionals.

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Analysis, Interviews, Opinions

What makes Colombia the next ecotourism hotspot

Tourism is one of the growing economic sectors of Colombia; it managed to attract millions of visitors to the country, thanks to its welcoming people, numerous festivals, creative culture, and biodiversity.

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Industry, Logistics & Shipping

Al Masaood Group seals three deals with global companies

Al Masaood Group closed three separate major deals with leading global firms at the recently concluded Abu Dhabi International Petroleum Exhibition and Conference (Adipec), making it its biggest and most successful participation yet.

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Travel, Tourism & Hospitality

Millennium signs deal to operate Copthorne Al Basateen Jeddah

Millennium Hotels and Resorts MEA, one of the fastest-growing hotel management companies in the region, has signed a new hotel management agreement for Millennium Hotels and Resorts MEA - Copthorne Al Basateen Jeddah Hotel.

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IT & Telecommunications
Lifestyle

All 40 'Lamborghini villas' in Dubai Hills Estate sold out

A key residential project from master developer Emaar, featuring standalone multi-tiered villas at Dubai Hills, has been fully sold out. These units, inspired by Automobili Lamborghini, mark the Italian auto giant's first move into the real estate arena.

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Motoring

BMW Concept XM – going beyond conventions

BMW M GmbH is presenting an expressive new vehicle concept on the global stage for the first time – the BMW Concept XM – at Art Basel’s 2021 Miami Beach show. It will be the most powerful BMW M car ever to go into series production.

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Health & Environment

GFH buys US medical offices portfolio; assets top $400m

GFH Financial Group has acquired $200 million worth of medical offices portfolio in the US comprising 11 assets and 400,000 sq ft of space. With this deal, the Bahrain-based group's total healthcare portfolio in the US has surged to over $400 million.

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Media & Promotion

KNCC opens new 13-screen cinema in Kuwait mall

Kuwait National Cinema Company (KNCC) has announced the official opening of a 13-screen cinema in the capital city’s newest retail destination, Assima Mall. The Cinescape boasts more than 1,300 seats across two floors offering upscale auditoriums.

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