0
LIMITED BUDGET DEFICIT SEEN
Saudi non-oil economic growth to stay steady this year
Saudi Arabia's non-oil economic growth is expected to stay broadly steady in 2024 at 3.7% and then potentially accelerate in 2025 helped by lower interest rates, says a NBK research.
1
DRIFTx HUGE SUCCESS
Flying taxis, autonomous cars soon to be a reality in UAE
Flying taxis, autonomous cars, and sea gliders will be popular modes of transport in the UAE and globally, much sooner than expected. That was the consensus at the recently concluded inaugural DRIFTx in Abu Dhabi.
2
$450bn NEEDED SAYS UNCTAD
Huge shortfall in investments in critical minerals
As the climate emergency intensifies, demand is surging for minerals that are critical for renewable energy technologies. However, investments in these minerals are not keeping pace with escalating demand, says a report.
3
INSIGHT
80% next-gen Philanthropists prefer to give 'on a personal level'
About 80% of next-generation philanthropists are moving away from their family foundations and businesses with over 45% employing non-traditional giving methods such as impact investing, microlending, and donor-advised funds, says a study.
4
INSIGHT
Family businesses ‘prioritise expansion, technology’
Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place.
Top Trade News
 | Industry Sectors |
El Seif consortium emerges frontrunner for Jeddah Tower contract
A consortium of Saudi-based El Seif Engineering and China State Construction Engineering has emerged as the frontrunner for the contract to build the Jeddah Tower in Saudi Arabia. Standing at over 1km, it will be the world’s tallest tower, said a report.
More…
Sony MEA unveils strong TV, audio line-up for 2024
Sony Middle East and Africa has unveiled its powerhouse lineup of new and innovative products across TV and audio systems for 2024, setting the stage for immersive home entertainment experiences and boosting market leadership.
More…
Nakilat 2024 Q1 net rises 6.1pc to $115.4m
Nakilat, Qatar’s premier LNG shipping company, has seen its first-quarter (Q1) 2024 net profit rise 6.1% to QR420 million ($115.4 million) compared to QR396 million during the corresponding period in 2023.
More…
NEOM secures $2.67bn new revolving credit facility
NEOM, a new urban area being built by Saudi Arabia, announced on Sunday that it has secured a new revolving credit facility (RCF) worth SAR10 billion ($2.67 billion).
More…
80% next-gen Philanthropists prefer to give 'on a personal level'
About 80% of next-generation philanthropists are moving away from their family foundations and businesses with over 45% employing non-traditional giving methods such as impact investing, microlending, and donor-advised funds, says a study.
More…
Saudi non-oil economic growth to stay steady this year
Saudi Arabia's non-oil economic growth is expected to stay broadly steady in 2024 at 3.7% and then potentially accelerate in 2025 helped by lower interest rates, says a NBK research.
More…
Munich Tourism to showcase diversity at ATM
Munich Tourism, which is a long-term participant at the Arabian Travel Market (May 6-9) will present the great diversity of Munich in the GCC region to travel partners and agents from Gulf countries, and is looking forward to finding new partners.
More…
AUS, Nokia team up to advance engineering education
American University of Sharjah (AUS) has announced that Nokia has joined the College of Engineering (CEN) Al Nukhba programme following the recent signing of a Memorandum of Agreement.
More…
Saudi International Luxury Week Jeddah dazzles visitors
The Saudi International Luxury Week is dazzling visitors in Jeddah showcasing a breathtaking assortment of exquisite jewels, timepieces, and unparalleled craftsmanship.
More…
Flying taxis, autonomous cars soon to be a reality in UAE
Flying taxis, autonomous cars, and sea gliders will be popular modes of transport in the UAE and globally, much sooner than expected. That was the consensus at the recently concluded inaugural DRIFTx in Abu Dhabi.
More…
Cleveland Clinic uses ultrasound technology to treat liver tumor
Global health system Cleveland Clinic has started using a recently FDA-approved ultrasound device to treat liver tumors, the hospital has said.
More…
Aramco becomes FIFA's Major Worldwide Partner
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a four-year global partnership with FIFA (Federation Internationale de Football Association), the international governing body of football.
More…
AI is revolutionising global education: WEF report
A new World Economic Forum report explores how artificial intelligence could revolutionise education systems and improve the experiences of educators and students alike.
More…
Gates Foundation to set up regional HQ in Misk City, Riyadh
The Bill & Melinda Gates Foundation, a private non-profit foundation launched by Bill Gates and Melinda French Gates, will establish its first regional headquarters within Mohammed Bin Salman Nonprofit City (Misk City) in Riyadh.
More…
