Tuesday 25 January 2022

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INITIATIVE HELPS DIVERSIFICATION
Aramco signs 50 MoUs at iktva forum

Aramco’s supply chain resilience has been further enhanced by the signing of 50 new memoranda of understanding (MoUs) at the In-Kingdom Total Value Add (iktva) Forum and Exhibition under way in Dhahran.

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1

INDUSTRIAL, HOUSING SECTORS KEY
Investcorp's US real estate 2021 deal volumes surge to $4bn

Bahrain-based Investcorp, a leading global alternative investment firm, has recorded nearly $4 billion worth of deals in 2021, including both buying and disposition activity. The group acquired over 200 properties valued at $2.5 billion last year.

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2

NO CASUALTIES IN ATTACK
UAE intercepts 2 ballistic missiles fired by Houthis

The UAE Ministry of Defence said its air defence forces had intercepted and destroyed two ballistic missiles targeting the UAE, which were fired by the Houthi militia.

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3

ANALYSIS
Oil likely to hit triple digit in 2022 on tight market: Kamco

Several estimates now suggest oil reaching triple digit market this year as supply struggles to cope up with rising demand led by years of underinvestment coupled with retrained supplies from producers worldwide, a report said.

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4

INTERVIEW
Estidamah in drive to boost Saudi agriculture, food security

National Research and Development Center for Sustainable Agriculture (Estidamah) has launched a digital transformation drive to boost farmers' output and support Saudi Arabia's agriculture, food security and sustainability goals, said its top official.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Swiss group Ferronato launches new smart accessories brand

Swiss technology company Ferronato KGS Group has announced the global launch of its new smart accessories brand - Ferronato. Its key products include laptop sleeves, phone pouches and briefcases that ensure the protection of personal information.

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Retail & Wholesale

Tap on Phone to benefit some 500,000 merchants and SMEs

An estimated 500,000 new merchants and SMEs across the Middle East and Africa will soon be able to benefit from Network International’s Tap on Phone technology, which enables mobile phones to act as payment terminals.

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Finance & Capital Market

ADFD funds 64 educational projects worth $540m

During its pioneering 50-year journey, the Abu Dhabi Fund for Development has funded 64 educational projects worth a total of AED2 billion ($540 million) across 15 developing countries in the world.

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Analysis, Interviews, Opinions

ESG Investors can drive lasting, measurable change

With ESG investment principles fast becoming the norm for capital market participants, investors now have a historic opportunity to act as direct agents of change in an economy driven by ethically-minded consumers.

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Travel, Tourism & Hospitality

Seera Holding unit opens two new hotels in Jeddah

CHME, a key subsidiary of Seera Holding Group, the largest publicly listed travel company in the Middle East and North Africa, has opened two new properties in Saudi Arabia - the 200-unit Clarion Jeddah Airport and 125-unit Comfort King Road Jeddah.

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IT & Telecommunications
Lifestyle
Motoring

All-new Audi RS3 makes regional preview in Dubai

Audi Middle East, along with its partner in Dubai and the Northern Emirates, Al Nabooda Automobiles, showcased their latest premium sports car, the all-new Audi RS3 exclusively in Dubai.

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Health & Environment
Media & Promotion

Alshoala's book on Gandhi to be launched in 4 languages

A virtual launch of the English, Hindi, Urdu and Malayalam editions of the Arabic-language book “Gandhi: His Engagement with Islam and the Arab World”, written by Abdulnabi Alshoala, will be held on January 26.

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Education, HR & Training

National Aquarium launches junior biologist programme

The National Aquarium, located in Al Qana, Abu Dhabi’s premier waterfront dining and entertainment destination, has launched the all-new ‘Junior Marine Biologist’ program, specifically designed to cater to children aged 5-15.

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Miscellaneous

Zee Stores becomes Ghitha Holding in strategic expansion

Zee Stores, the trading and distribution firm listed on the ADX Second Market, will rebrand to Ghitha and expand its strategy to become a key player in the food industry.

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