Monday 6 December 2021

S&P revises Bahrain outlook to 'stable'

S&P Global Ratings has revised its outlook on Bahrain to stable from negative on the back of the kingdom recently announcing additional fiscal reforms to strengthen non-oil revenue and rationalise expenditure.    It has affirmed its 'B+/B' long-


Celebrating UAE’s golden jubilee ‘Cullinan 50th’ revealed

Rolls-Royce has created a spectacular, one-of-a-kind example of its superluxury SUV, Cullinan, to mark the UAE’s Golden Jubilee, in time for the official National Day on December 2, 2021.   Designed and hand-built by the Bespoke Collective at the Home of R


UAE adopts biggest legislative reforms; over 40 laws added

UAE President HH Sheikh Khalifa bin Zayed Al Nahyan has approved a wide-ranging reform of the country’s legal system, which aims to strengthen economic, investment and commercial opportunities, in addition to maximizing social stability, security and ensuring the rights of both individu


Pakistan Navy 'committed to maritime safety'

A contingent of three ships from the Pakistan Navy led by Mission Commander Commodore Rehan Ali Khan has made a goodwill visit to the Kingdom of Bahrain, reiterating its commitment to the region's maritime security.   Docked at the Mina Salman Port, they arr


AD Ports Group signs agreement with Turkiye Varlik Fonu

Abu Dhabi’s AD Ports Group will collaborate with Turkey’s sovereign wealth fund Turkiye Varlik Fonu to explore major investment opportunities within Turkey.    Towards this, the two entities have signed a strategic partnership agreement to colla


UAE students tasked to design Future of Transportation

Teams of undergraduates in the UAE have been thrown the challenge to come up with new ideas to develop the country’s transportation infrastructure of the future.   University teams from across the UAE will conceptualise hyperloop portals, plan optimum rout


Hisense expands its B2B footprint in the Middle East

Hisense, one of the world’s leading consumer electronics manufacturers dedicated to developing and producing cutting edge technology, has successfully expanded its footprint in the B2B sector.    The company focused on i


Emirates Post Group inks deal with BrightDrop at GMIS

Reimagining the commercial delivery and logistics industry for an all-electric future, Emirates Post Group (EPG) has teamed up with BrightDrop Solutions (BrightDrop), a new business from General Motors.   A Memorandum of Understanding (MoU) signed between the tw


Saudi Arabia non-oil exports rise 38.2pc in September 2021

Saudi Arabia’s non-oil exports increased by 38.2% year-on-year in September 2021, rising to SR25.3 billion ($6.74 billion) from SR18.3 billion last year.    Among the exports, plastics and rubber increased by 42.8% to SR2.4 billion and chemical produc


WFES to show global advances in water, smart cities and climate

Industry-leading speakers, international technology and innovation providers, and world class exhibitors will take part in the Water Expo & Forum, the Smart Cities Forum and the Climate & Environment Forum in January.    To be held alongside the pre

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