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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.
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$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.
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DIVERSIFYING FUNDING SOURCES
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).
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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.
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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 |
Spanish group Urbas wins $266m Saudi residential project deal
Saudi Arabia's National Housing Company (NHC) has awarded a contract worth SAR1 billion ($266 million) to the regional unit of Spanish group Urbas for the construction of 589 residential units within the Al Fursan suburb in the northeast of Riyadh.
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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.
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Rapid expansion of batteries 'key to meet climate goals'
Battery deployment in the power sector, which has more than doubled last year, needs to increase significantly to enable the world to meet 2030 climate targets, according to an IEA report.
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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.
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SSAB and Nordec agree on deliveries of fossil-free steel
SSAB and Nordec have agreed on deliveries of fossil-free steel which Nordec will use for frame structures for buildings, façades and bridges.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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