Tuesday 19 March 2024

0

LEASE DEAL INKED WITH EDAMAH
Swiss group Interlink to set up $200m titanium plant in Bahrain

Switzerland-based Interlink Metals & Chemicals said one of its key subsidiaries has inked a 25-year lease deal with Edamah, the real estate arm of Bahrain wealth fund Mumtalakat, to set up a titanium plant in the kingdom at an investment of $200 million.

more…

1

FIRST OUTSOURCED WATER PROJECT
Almar consortium breaks ground on major Aramco water plant

Saudi-based Almar Water Solutions has joined hands with its consortium partners to break ground on Zuluf water plant, a major project of global oil giant Aramco. It is the first outsourcing of a water project under PPP agreement that Aramco has launched.

more…

2

'PEAK OIL NOT BEFORE 2030'
Brent oil to stay above $80 barrel by year-end: Bloomberg

According to Bloomberg Intelligence's February oil-price survey, 53 per cent of respondents predict Brent oil will be above $80 a barrel by the end of 2024, with only 5 per cent expecting it to surpass $100.

more…

3

INTERVIEW
AlUla tells its ‘Forever Revitalising’ story to the world

Hot on the heels of AlUla’s first-ever global campaign, we talk to Melanie de Souza, Executive Director - Destination Marketing, about the present and the future of AlUla as a tourism destination.

more…

4

SPOTLIGHT
Investing in women is investing in the future, says top IFC official

As the world marks International Women’s Day, top International Finance Corporation official, Hela Cheikhrouhou, turns the spotlight on women entrepreneurs across Southwest and Central Asia, determined to make themselves heard in an uneven playing field.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Aldar announces sale of Abu Dhabi’s most expensive apartment

Leading developer Aldar has announced the landmark sale of Abu Dhabi’s most expensive apartment, a three-bed penthouse on Saadiyat Island valued at AED137 million ($37.2 million), thus setting a new benchmark for residential property in the UAE capital.

More…
Retail & Wholesale

Havelock One completes Emaar anchor projects at Marassi Galleria

Havelock One Interiors has announced that it has successfully implemented the turnkey fit-out and commissioning of three anchor projects for UAE-based Emaar Entertainment within Marassi Galleria, a high-end lifestyle and shopping destination in Bahrain.

More…
Energy, Oil & Gas

Aramco chief calls for energy transition reset at US event

With the current transition strategy visibly failing on most fronts owing to collision with five hard realities, the world needs a new, realistic pathway for the energy transition that includes oil and gas, said a top official of Saudi oil giant Aramco.

More…
Finance & Capital Market

Saudi non-oil economy hits record $453bn at constant prices

Saudi Arabia has achieved a historic milestone with its non-oil activities, reaching a 50% share of real GDP in 2023, the highest level on record, said a report. This translates to a non-oil economy of SAR1.7 trillion ($453 billion) at constant prices.

More…
Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Swiss group Interlink to set up $200m titanium plant in Bahrain

Switzerland-based Interlink Metals & Chemicals said one of its key subsidiaries has inked a 25-year lease deal with Edamah, the real estate arm of Bahrain wealth fund Mumtalakat, to set up a titanium plant in the kingdom at an investment of $200 million.

More…
Travel, Tourism & Hospitality

Miral to develop two new beaches at Yas Bay Waterfront

UAE developer Miral is set to develop two beaches at Yas Bay Waterfront, Abu Dhabi’s vibrant day-to-night destination on Yas Island. Designed as a family hub, it will feature beachside play areas for kids, dining outlets as well as pedestrian walkways.

More…
IT & Telecommunications

Aramco unit, Thales enter cybersecurity alliance

Cyberani, an Aramco company and a national cyber champion, has entered into a strategic alliance with Thales, the largest technology group in Europe, to cater to the cybersecurity needs of private and public sector companies in Saudi Arabia.

More…
Lifestyle

OJO Group, Elevate Investments launch premier caviar brand

OJO Group of Companies, a powerhouse that boasts a robust portfolio of businesses operating across key industries in the GCC, and Elevate Investments, a leader in strategic management and investments, has opened one of the largest caviar packing facilitie

More…
Motoring

Hyundai UAE unveils the all-new Santa Fe SUV

Hyundai UAE has announced the arrival of the all-new Santa Fe SUV in the country, with an ‘Open for More’ concept that conveys the model’s radical transformation centered on its new design.

More…
Health & Environment

‘Sleep’ retreats leading the way to achieve good health

From exercise and outdoor activity to stargazing trips to wellness programmes destinations are showing the way to adopt lifestyle changes to achieve restfulness and good sleep. This gains significance in March – a month dedicated to sleep awareness.

More…
Media & Promotion

MoreShow promises spectacular Ramadan performances in Dubai

MoreShow, a globally acclaimed event transformation company, has announced its special Ramadan shows designed for diverse age groups, in Dubai. Its talented team of animators, theatre actors, celebrities promise to create remarkable event experiences.

More…
Education, HR & Training

talabat among the ‘Best Workplaces in the UAE 2024’

talabat UAE, the region’s leading platform for everyday deliveries, has been officially recognised as one of the Best Workplaces in the UAE 2024 by Great Place to Work, a global research, training, and consultancy firm.

More…
Miscellaneous

Modon expands sports offering in premier Abu Dhabi hub

Modon, specialist in the development of sustainable residential communities and world-class leisure and sports destinations, has unveiled the expansion of 321 Sports, Abu Dhabi’s premier leisure and sports facility on Hudayriyat Island.

More…

calendarCalendar of Events

Weather

MANAMA WEATHER
ABU DHABI WEATHER
DUBAI WEATHER
RIYADH WEATHER
OMAN WEATHER
KUWAIT WEATHER
QATAR WEATHER

Trade Arabia on Twitter


TradeArabia on Facebook