Thursday 28 March 2024

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ONE-FIFTH OF FOOD GOES TO BIN
World wastes billions of meals daily, says report

Our world witnessed the squandering of an astonishing 1.05 billion tonnes of food -- that’s roughly one-fifth (19%) of all food available to consumers in 2022, says a new report.

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1

FUNDS FOR SCHOOLS, NEW CAMPUS
Azizi makes huge AED600m donation to Mother’s Endowment

Azizi Developments, a leading private developer in the UAE, has donated AED600 million ($163.39 million) to the newly established Mother’s Endowment under MBRGI. The funds will be used to build an education campus and to develop schools.

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2

PRODUCTION TO START IN Q1 2025
Green Metal to set up a $100m steel recycling unit in Kezad

UAE-based Green Metal Industries will set up a AED367 million ($100 million) special steel recycling and production facility in Kezad, Abu Dhabi.

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3

SPOTLIGHT
Make-to-Order emerges perfect paradigm for manufacturing

Make-to-Order has emerged as the perfect paradigm for customised climate conscious manufacturing at a time when the GCC custom-manufacturing market is growing exponentially and is poised to reach almost $1.3 trillion by 2030.

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4

SPOTLIGHT
Helping build the cyber workforce of the future

Fortinet, a global leader in cybersecurity solutions and services, is working to help build the cyber workforce of the future and ensure that all members of society have cyber awareness and fundamental competence in cybersecurity.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai RTA to launch co-working space at metro station

Dubai’s Roads and Transport Authority (RTA) will launch a co-working space in Q2 of 2024 on a trial base, offering an easily accessible, affordable, and inspiring workspace within the bustling Burjuman Metro Station.

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Energy, Oil & Gas

Increase in oil investment must for growth: Opec chief

Increased investments in the oil industry is needed to meet global energy demands and sustain economic growth, Haitham Al Ghais, Secretary General of the Organisation of the Petroleum Exporting Countries (Opec), has said.

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Finance & Capital Market
Analysis, Interviews, Opinions

Confidence rises among regional travellers: Skyscanner

Regional travellers are exhibiting increasing confidence with trips booked in advance compared to the previous year, marking a return to traditional seasonality, said global travel leader, Skyscanner, in its latest ‘Horizons’ report.

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Industry, Logistics & Shipping

Mubadala to acquire specialty pharma firm Kelix bio

Mubadala Investment Company, an Abu Dhabi sovereign investor, has entered into a definitive agreement to acquire Kelix bio, a specialty pharmaceutical business focused on delivering complex generics across emerging markets.

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Travel, Tourism & Hospitality

Fireworks festival to return to Maltese shores in April

The Malta International Fireworks Festival is set to return to the Maltese shores in April 2024, and once again illuminate the skies of Malta and Gozo with spectacular colours, lights and festive cheer. The fireworks will take place from April 20 to 30.

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IT & Telecommunications

Ericsson, du reach 16.7 Gbps download speed on 5G SA

Ericsson and du, from Emirates Integrated Telecommunication Company (EITC), have crossed a landmark in the deployment of 5G Standalone (SA) in the UAE, taking a significant step forward in the evolution of mobile networks in the region.

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Lifestyle

Al Haramain Group expands retail network to 120 stores

Al Haramain Group, a leading UAE manufacturer and retailer of fragrances, has expanded its retail network to 120 stores spread over more than ten countries as its UAE-made products get exported to more than 70 countries.

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Motoring

Mumtalakat takes full ownership of UK supercar brand McLaren

Bahrain's sovereign wealth fund Mumtalakat has taken full ownership of UK supercar brand McLaren Group, thus crystallising the next phase of the company’s trajectory of growing its leadership position in the luxury super car and motorsports industries.

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Health & Environment

RAK Hospital introduces new diabetes care model

RAK Hospital, a leading healthcare institution in the UAE, is introducing a cutting-edge diabetes management tool in collaboration with THB, Asia’s foremost Enterprise Healthcare SAAS company.

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Media & Promotion

Roshn renews agreement with National Platform for Charitable Work

Leading Saudi developer Roshn Group and a PIF-owned giga project, has announced its renewed commitment to support the National Campaign for Charitable Work in 2024 launched under the patronage of Saudi King Salman through its key platform, ‘Ehsan’.

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