Saturday 16 January 2021

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HIGH INTERNET USAGE, LOW TAXES
Bahrain in top 50 for online business setup

When it comes to the best places for setting up an online business, Bahrain does pretty well considering the global completion; it ranks 38 out of 99 countries, according to a global survey.

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1

$3trn NEW PROJECTS
Saudi Arabia offers $6trn investment opportunities: MBS

Major investment opportunities worth $6 trillion will be available in Saudi Arabia over the next 10 years within the framework of the opportunities provided by the Kingdom's Vision 2030, HRH Prince Mohammed bin Salman bin Abdulaziz has said.

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2

10 REPUBLICANS SAY ‘YES’
President Trump impeached for historic second time

Donald Trump has become first president in US history to be impeached twice, as 10 of his fellow Republicans sided with Democrats in the US House of Representatives to charge him for "incitement of insurrection" at last week's Capitol riot.

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3

SPECIAL REPORT
Global spending on wearables to hit $81.5bn in 2021

Worldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020, according to the latest forecast from leading research and advisory firm Gartner.

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4

ANALYSIS
Hindsight is 20/20. What we now need is foresight

What if we could see into the future, to understand what changes will stick around long past the pandemic? Leaders are letting data be their guide as they position their businesses for sustainable success, says a report.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Saudi Arabia issues over 3,000 residential plots in December

Saudi Arabia issued more than 3,000 new contracts for residential plots in December under its Sakani Housing programme. These plots are located in capital Riyadh, Makkah, Eastern Province, Qassim, Asir, Jazan and Najran regions of the kingdom.

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Retail & Wholesale

Huawei in deal to set up giant store in Riyadh

Chinese tech giant Huawei has announced the signing of a leasing contract with Saudi-based Kaden Investment that will see the establishment of its mega outlet in capital Riyadh. This will be the group's largest flagship store outside of China.

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Energy, Oil & Gas

Gulf unity to bring energy market stability: GECF

The Gas Exporting Countries Forum (GECF, Forum) has welcomed the Al-Ula Declaration on “solidarity and stability” issued at the 41st Summit of the Gulf Cooperation Council (GCC) in the Kingdom of Saudi Arabia, reaffirming the importance of the internation

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Finance & Capital Market

Saudi Arabia offers $6trn investment opportunities: MBS

Major investment opportunities worth $6 trillion will be available in Saudi Arabia over the next 10 years within the framework of the opportunities provided by the Kingdom's Vision 2030, HRH Prince Mohammed bin Salman bin Abdulaziz has said.

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Analysis, Interviews, Opinions

Global spending on wearables to hit $81.5bn in 2021

Worldwide end-user spending on wearable devices will total $81.5 billion in 2021, an 18.1% increase from $69 billion in 2020, according to the latest forecast from leading research and advisory firm Gartner.

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Industry, Logistics & Shipping

UAE non-oil trade $281bn in first 9 months of 2020

UAE's non-oil trade reached AED1.033 trillion ($281.24 billion) during the first nine months of 2020, despite the global economic slowdown and Covid-triggered lockdowns, data released by the Federal Competitiveness and Statistics Centre showed.

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Travel, Tourism & Hospitality

England introduces mandatory pre-departure Covid testing

Passengers arriving in England from all international destinations will be required to present a negative Covid-19 test result before departure to curb the spread of the new Covid-19 strains.

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IT & Telecommunications
Lifestyle

Revamp work on Bahrain's Muharraq Park 94pc completed

Bahrain authorities said the Muharraq Grand Park revamp work is progressing at a steady pace with 94 per cent of the project already completed. Located near Bahrain International Airport, the 90,692-sq-m park adds a new landmark to Muharraq Governorate.

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Motoring

Volkswagen Saudi reports positive year-end sales

SAMACO Automotive Company, the exclusive distributor for Volkswagen cars in Saudi Arabia, announced a significant increase in car sales during 2020, with Volkswagen achieving a 28 per cent growth in new cars sales despite the Covid-19 lockdown.

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Health & Environment

Second year of pandemic could be even tougher: WHO

The second year of the Covid-19 pandemic may be tougher than the first given how the new coronavirus is spreading, especially in the northern hemisphere as more infectious variants circulate.

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Media & Promotion

Top scientist to speak at Sohar International forum

Renowned scientist and mathematical physicist Dr Robbert Dijkgraaf will speak on the significant breakthroughs and the future of science and technology at the 5th virtual edition of Sohar International Chairman’s forum – Viewpoints.

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Education, HR & Training

World's first graduate-level AI university welcomes first cohort

The Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the world's first graduate-level, research-based artificial intelligence university, has officially welcomed its first student cohort.

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Miscellaneous

Milrem Robotics rolls out its new Type-X RCV

The medium class Type-X Robotic Combat Vehicle by the European leading robotics and autonomous systems developer Milrem Robotics has passed its initial mobility tests.

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