0
GOAL REACHED AHEAD OF TARGET
Saudi Arabia economy joins trillion dollar club
Saudi Arabia's gross domestic product (GDP) reached SAR4.155 trillion ($1.11 trillion), thus joining the trillion-dollar club and achieving the national goal well ahead of the target date of 2025, a report said.
1
TWO SATELLITES PLANNED
Yahsat wins $5.1bn UAE satellite capacity, services deal
The UAE government has given the go-ahead to Al Yah Satellite Communications Company (Yahsat), the emirate’s flagship satellite solutions provider, to provide satellite capacity and managed services for 17 years.
2
'DRASTIC CLIMATE ACTION MUST'
Get after gigatons, Dr Al Jaber urges world leaders
The international community must be “brave” and get “back on track” to meet its climate ambitions by COP28 President-Designate Dr Sultan Al Jaber, addressing the UN Climate Ambition Summit in New York.
3
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.
4
INSIGHT
Sustainable tourism journey: Much more to be done
Bain & Company recently launched a report highlighting the increasing demand for sustainable tourism among leisure travellers across the globe. However, it says the travel and tourism sector must make more efforts to protect the environment.
Top Trade News
 | Industry Sectors |
Enowa pioneers helicopter-aided construction in NEOM
Enowa, NEOM’s energy and water company, has piloted helicopter-aided construction for the installation of high-voltage transmission line towers in the mountains of the futuristic city.
More…
EcoFlow products available in KSA through Amazon and Noon
EcoFlow has announced that its innovative range of products will be available in Saudi Arabia through Amazon and Noon stores starting from September 18, 2023.
More…
Adnoc Drilling adds four rigs in week’s time
Adnoc Drilling, a subsidiary of the Abu Dhabi National Oil Company (Adnoc), is significantly expanding operations and fleet with the addition of new rigs.
More…
Standard Chartered issues first green guarantee for CEEC-SEPEC
Standard Chartered has announced the issuance of its first-ever green guarantee for China Energy Engineering Shanxi Electric Power Engineering Company (CEEC-SEPEC) in Oman.
More…
The best Sharia-compliant investment products for UAE residents in 2023
The UAE is a growing market for Sharia-compliant investment products. Holding the 4th position in the Islamic Finance market, the UAE sees much projected growth. What are some of the best Sharia-compliant investment products for UAE residents in 2023?
More…
ABB, Porsche Consulting drive future of analyser manufacturing
ABB has partnered with Porsche Consulting, a leading management consultancy and a subsidiary of the sports car maker, to reshape analyser manufacturing, solidifying ABB’s position at the forefront of the analyser market.
More…
Mideast tourism arrivals 20% above pre-Covid figures
The Middle East reported the best results globally for tourism during January to July 2023, with arrivals 20% above pre-pandemic levels, says a UNWTO report. The region continues to be the only one to exceed 2019 levels so far.
More…
Batelco launches new portal for Enterprise sector
Batelco, part of the Beyon Group, has launched its new online portal, which serves as a digital one-stop-shop specifically designed for the Enterprise sector.
More…
Saudi Arabia’s first fashion week to showcase 30 brands
Thirty Saudi brands will rule the ramp at the inaugural “Riyadh Fashion Week” that will be held in the capital October 20-23. It will gather important members of the global fashion community to explore the kingdom's rapidly emerging fashion market.
More…
Jiad Modern Motors is MG Motor’s new distributor in KSA
MG Motor has appointed Jiad Modern Motors, a Mohamed Yousuf Naghi company, as the brand’s official distributor in Saudi Arabia. Effective immediately, the appointment is in line with the British-born brand’s regional retail network expansion strategy.
More…
Burjeel Holdings awards Oracle Health $34m EMR contract
Burjeel Holdings, a leading Healthcare Services Provider in the UAE, has awarded a AED125 million ($34 million) to Oracle Health to implement a state-of-the-art electronic medical record (EMR) ecosystem.
More…
Trevor Noah's ‘largest comedy show’ in UAE on Oct 3
Live Nation Middle East will present the highly anticipated gig by Trevor Noah, a part of his 'Off The Record' Tour, at Coca-Cola Arena on October 3 in Dubai. It will officially be the largest comedy show to date in the UAE, the organiser said.
More…
Bahrain Bourse kicks off Smart Investor Programme
Bahrain Bourse (BHB), an exchange licensed by the Central Bank of Bahrain, in partnership with Injaz Bahrain, has announced the launch of the 6th Edition of the Smart Investor Programme.
More…
UAE space sector spending increases
The total spending in the UAE's space sector witnessed a 6.61% increase in 2021 compared to the previous year and government spending accounted for 55.7% of it, said the UAE’s Space Economic Survey.
More…
