Thursday 27 January 2022

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RESIDENTIAL STAYS KEY FOCUS
Mideast industrial, prime offices sector set for growth

The demand for industrial property is set to grow in Middle East on e-commerce boom along with prime offices sector. With population growth picking up pace in UAE and Saudi Arabia, residential market will continue to remain key focus area, said a report.

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15 PROGRAMMES ANNOUNCED
Bahrain's Tamkeen aims to develop high-potential sectors

Bahrain’s labour fund Tamkeen has launched new programmes aimed at developing high-potential sectors and creating job opportunities in the kingdom, in line with the National Economic Recovery Program.

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2

340 PLANES DELIVERED In 2021
Boeing’s commercial jets deliveries up 68% to 99 in Q4

Boeing delivered 99 commercial airplanes in the fourth quarter (Q4) of 2021, as against 59 during the same period of 2020, reflecting an increase of 68 per cent.

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3

ANALYSIS
Digitalisation, modularisation to shape GCC construction sector

Despite the headwinds of material price inflation, supply chain risk and coronavirus variants, 2022 promises to be a stronger year for the GCC construction sector with key trends including digitalisation, diversity and modularisation shaping the sector.

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Increased M&A activity seen in Saudi Arabia

The government's significant progress toward Vision 2030 is accelerating growth in Saudi Arabia and the Kingdom is expected to solidify its position as the M&A leader in the region in 2022, says an expert.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Apex Holding reaches agreement on RAK Cement Investment deal

Apex Holding, the subsidiary of International Holding Company (IHC), and a diversified operating holding company investing across multi sectors, has agreed to Ras Al Khaimah Cement Investment sale and purchase deal.

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Energy, Oil & Gas

Hitachi Energy wins UAE sub-sea power transmission contract

Hitachi Energy has won a major order from Samsung C&T Corporation to connect Adnoc’s offshore operations to the onshore power grid in the UAE, owned and operated by Abu Dhabi National Energy Company (Taqa).

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Finance & Capital Market

Al Salam Bank to acquire Ithmaar’s consumer banking unit

Al Salam Bank and Ithmaar Holding have agreed the acquisition by Al Salam Bank of the consumer banking business of Ithmaar Bank, and Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait (BBK) and Solidarity Group Holding.

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Analysis, Interviews, Opinions

Digitalisation, modularisation to shape GCC construction sector

Despite the headwinds of material price inflation, supply chain risk and coronavirus variants, 2022 promises to be a stronger year for the GCC construction sector with key trends including digitalisation, diversity and modularisation shaping the sector.

More…
Industry, Logistics & Shipping

Rockwell Automation signs MoU with Saudi Aramco

Rockwell Automation has signed a Memorandum of Understanding (MoU) with Saudi Aramco aiming to focus on several areas of collaboration, from product localisation to IIOT software, to workforce development and training.

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Travel, Tourism & Hospitality

Saudi Arabia unveils $66.6m tourism development project

Saudi Arabia has announced the launch of a key tourism project in the Eastern Province at an investment of SR230 million ($66.6 million). The Central Awamiyah will boast a popular market, heritage towers, squares and a cultural center, said a report.

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IT & Telecommunications

MoHAP, AWS ink MoU on cloud-based electronic medical records

The Ministry of Health and Prevention (MoHAP) has signed a memorandum of understanding (MoU) with Amazon Web Services (AWS) to enhance bilateral cooperation, organise workshops on creating a cloud-based electronic medical record system.

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Health & Environment

MoHAP, AWS ink MoU on cloud-based electronic medical records

The Ministry of Health and Prevention (MoHAP) has signed a memorandum of understanding (MoU) with Amazon Web Services (AWS) to enhance bilateral cooperation, organise workshops on creating a cloud-based electronic medical record system.

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Media & Promotion

Imkan Properties in bid to bring urban art to community

Abu Dhabi-based Imkan Properties has partnered with the award-winning Chinese artist Jack Lee to create an art mural at the newly-opened Sheikha Fatima Park in a bid to bring urban art to the community.

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Education, HR & Training

Bahrain's Tamkeen aims to develop high-potential sectors

Bahrain’s labour fund Tamkeen has launched new programmes aimed at developing high-potential sectors and creating job opportunities in the kingdom, in line with the National Economic Recovery Program.

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Miscellaneous

ChatFood’s order-and-pay at table solution live at 300 outlets

ChatFood, a mobile ordering and payment platform that helps connect customers and restaurants directly, has reached a significant milestone with its innovative order-and-pay at table solutions now live at over 300 outlets.

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