Sunday 1 October 2023

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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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1

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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2

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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3

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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4

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.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

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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Retail & Wholesale

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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Energy, Oil & Gas

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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Finance & Capital Market

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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Analysis, Interviews, Opinions

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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Industry, Logistics & Shipping

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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Travel, Tourism & Hospitality

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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IT & Telecommunications

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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Lifestyle

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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Motoring

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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Health & Environment

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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Education, HR & Training

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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Miscellaneous
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