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200,000T CAPACITY PER ANNUM
Actis-Fortescue consortium wins Oman green hydrogen project
Actis, a leading investor in sustainable infrastructure, has announced that its consortium with Fortescue, an integrated green energy company, has secured the contract for the construction and operation of a major green hydrogen project in Oman.
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ALUMINIUM RECYCLING BUSINESS
EGA acquires top European speciality foundry Leichtmetall
Emirates Global Aluminium (EGA), a premium aluminium producer in the region, has announced that it has completed the acquisition of Leichtmetall Aluminium Giesserei Hannover, a major European speciality foundry in high-strength recycled aluminium.
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INNOVATION IN TRAVEL TOP FOCUS
Dubai gears up for biggest travel expo; draws over 2,300 top firms
More than 2,300 exhibitors and representatives from over 165 countries will be taking part in the Arabian Travel Market 2024, the largest travel and tourism exhibition in the region, which opens in Dubai tomorrow. It is set to draw over 41,000 experts.
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INSIGHT
Firms overlook ‘huge blind spots in their AI overconfidence’
Despite firm belief in AI plans, businesses’ fragmented AI strategies and execution that overlook end-to-end lifecycles will not deliver successful outcomes, says a research report assigned by Hewlett Packard Enterprise.
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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.
Top Trade News
 | Industry Sectors |
Bahrain floats tender for Hawar SWRO desal plant
Bahrain's Electricity and Water Authority (EWA) has issued a tender for the construction of a seawater reverse osmosis desalination plant on Hawar Island off the southeastern coast of the kingdom. The deadline for sending the bids has been set at June 23.
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Spinneys $375m IPO increases shares in retail tranche
Spinneys 1961 Holding, an operator of premium grocery retail supermarkets, has announced that following high levels of demand it will increase the number of shares allocated to the UAE Retail Offering of its $375 million IPO.
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Sharjah announces discovery of new gas reserves
The Sharjah Petroleum Council (SPC) has announced the discovery of new gas reserves in Al Hadiba field, located north of the Al Sajaa Industrial Area, in promising economically viable quantities.
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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).
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Firms overlook ‘huge blind spots in their AI overconfidence’
Despite firm belief in AI plans, businesses’ fragmented AI strategies and execution that overlook end-to-end lifecycles will not deliver successful outcomes, says a research report assigned by Hewlett Packard Enterprise.
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World Bank revises Kuwait’s 2024 real GDP upwards to 2.8pc
Kuwait’s economic growth (real GDP) projection for 2024 was revised by the World Bank to 2.8% year-on-year, higher than the 2.6% y-o-y forecasted earlier in January 2024 owing to expectations of phasing out of Opec+ production cuts, according to Markaz.
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Gulf Air hosts global summit on sustainable future
Bahrain's national carrier Gulf Air hosted a two-day international conference under the theme Towards a Sustainable Future to showcase the airline's strategy centered around sustainable profitability, connectivity, as well as customer service excellence.
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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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One Za’abeel launches dual licensed office space at Dubai tower
One Za’abeel, a kety mixed-use project developed by ICD (Investment Corporation of Dubai), has announced the launch of The Offices, its ultra-luxurious dual licensed corporate office spaces within its skyscraper One Za’abeel Tower.
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Saudi Arabia emerges biggest car market in GCC
The Saudi Arabian car market has emerged as a powerhouse, accounting for more than half of all car sales in the Gulf region. With over 160,000 imports, the kingdom has emerged as one of the top 20 car markets globally, said a report.
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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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