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PROJECT COMPLETION IN 2027
Aramco, Hyundai break ground on $2.3bn Saudi gas plant
Saudi oil giant Aramco has joined hands with Korean engineering and construction major Hyundai E&C to break ground on its $2.3 billion Jafurah gas treatment facility in the kingdom. It will come up adjacent to the site of Jafurah Phase I Gas Project.
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RISING INCOME KEY FACTOR
Adventure tourism market to hit $5 trillion in 2032: report
The global adventure tourism market, which reached $1,236.6 billion in 2023, is expected hit $5,263 billion by 2032, exhibiting a growth rate (CAGR) of 16.9% during 2024-2032, according to a new report.
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WORLD CALLS FOR SELF-RESTRAINT
Israel warns it will exact a price for Iran attacks
Israel has warned that it will "exact a price" for Iran's missile and drone attack on its territory on Saturday, when the timing is right.
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INSIGHT
Companies planning to modernise offices to woo top talent
Employers across the globe are planning to invest in the office design and technology to attract top talent with 81% of employers having already or planning to redesign workspaces in the next 24 months, according to a study by Cisco.
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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.
Top Trade News
 | Industry Sectors |
Diriyah to unveil Saudi lifestyle destination at Paris event
Diriyah Company, a leading mixed-use developer in Saudi Arabia, is set to showcase its new lifestyle destination, Diriyah Square - featuring 400 new retail outlets as well as F&B units - at the World Retail Congress which opens this week in Paris.
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Gold prices hit record highs on Friday
Gold prices soared to a historic peak on Friday, with spot gold climbing 0.5% to $2,384.34 per ounce, said a report. Bullion hit a record high of 2,395.29 earlier in the session, while US gold futures also gained 1.2% to $2,401.80.
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Global energy executives upbeat on 2024 growth trajectory
More than 70% of senior energy professionals from across the globe are bullish on the industry's growth trajectory for this year, said leading risk management expert DNV, thus revealing a resilient optimism in the sector, despite prevailing caution.
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IndusInd International to acquire 60pc stake in Invesco India
Mauritius-based IndusInd International Holdings Limited (IIHL) has entered into an agreement with global investment management firm Invesco to acquire a 60% stake in its Indian unit IAMI which boasts more than $1.6 trillion in assets under management.
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Australian freelancers most expensive: research
Australia has the most expensive freelancers, with an average price of $594.56 per freelance job, followed by India and Morocco, while Columbia has the cheapest freelancers with $72.13 per job, new research has found.
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Ship seizure by Iran may hit Mideast trade lanes, says expert
The seizure of a major container ship, MSC Aries, this morning by Iran Revolutionary Guards in the Strait of Hormuz, 92 km northeast of Fujairah, is 'extremely concerning' and threatens to put trade lanes in the Middle East at risk, said an expert.
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UN Tourism and Croatia to establish research centre for sustainable tourism
UN Tourism is set to work with Croatia and the University of Zagreb to establish a research and development centre focused on sustainable tourism. The centre will engage stakeholders from the public and private sectors, academia, and civil society.
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Five Saudi cities make it to 2024 IMD Smart Cities Index
The digital transformation of smart cities in Saudi Arabia, supported by Saudi Data and Artificial Intelligence Authority in collaboration with key government entities, has contributed to the advancement of 5 Saudi cities in 2024 IMD Smart City Index.
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Celebrity beauty brands net over $1bn earnings in 2023, says report
Celebrity beauty brands have collectively netted more than $1 billion in sales in 2023 with Rihanna's Fenty Beauty topping the list followed by Priyanka Chopra Jonas’s hair care brand Anomaly and Kylie Jenner's cosmetics brand, according to a report.
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QFZ and AEMOB to foster innovation in electric vehicles tech
The Autonomous e-Mobility Forum (AEMOB) has announced a strategic collaboration with the Qatar Free Zones Authority (QFZ), marking a milestone in the journey to advance the conversation on autonomous e-mobility on a global scale.
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In world first, Nigeria launches 5-in-1 vaccine for meningitis
In a historic move, Nigeria has become the first country in the world to roll out a new vaccine (called Men5CV) recommended by the World Health Organization (WHO), which protects people against five strains of the meningococcus bacteria.
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Haramain High-Speed rail transports over 1m travellers in Ramadan
The Saudi Arabia Railways (SAR) has announced that it has achieved a key milestone by transporting over 1 million passengers via the Haramain High-Speed Railway, which connects Makkah and Madinah. This marks a 22% increase when compared to last year.
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Valu empowers ESLSCA students with flexible payments solutions
Valu, Mena’s leading universal financial technology powerhouse, has partnered with ESLSCA University, a leading international university in Cairo to offer students flexible payment solutions and installment plans.
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GCC calls for restraint amid Mideast crisis
The GCC has called for maintaining regional and global security and stability in light of recent developments in the Middle East.
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