Saturday 24 February 2024

Bahrain pavilion turns star attraction at Gulfood 2024

The Bahrain pavilion at the ongoing Gulfood 2024 expo has turned into a start attraction with over 15,000 visitors landing at its stand to explore the diverse array of products being presented by leading Bahraini food companies.   The Gulfood 2024 is being held


Top Abu Dhabi investor inks $35bn Egypt FDI deal

Abu Dhabi-based sovereign investor ADQ has announced the signing of its largest-ever foreign direct investment (FDI) agreement with Egypt which will see the company set aside $35 billion to develop Ras El Hekma region and other prime projects in the Arab nation.  


GCC to outperform global economy in 2024, says report

The economies of the UAE and Gulf countries will outpace the global forecast for 2024, helped by the domestic multi-year investment cycle in the region, according to First Abu Dhabi Bank’s Global Investment Outlook (GIO) 2024 Report: ‘Making a positive impact’.


Hope Ventures co-invests $48k in ‘ReQahwa’ through Beban

Hope Ventures, the investment arm of Hope Fund, has announced its co-investment in Bahrain-based business ‘ReQahwa’ during the seventh episode of the entrepreneurship-themed reality television show ‘Beban.’   Through Beban, ‘ReQahwa


India allows 100pc FDI in satellite systems manufacture

Foreign countries and overseas entities can make 100% direct investment in the manufacture of components, systems or sub-systems for satellites in India without any official approval, the federal Cabinet has decided.   “This increased private sector partic


Dubai's economy would grow by around 5pc this year: Al Ghurair

Dubai's economy would grow by around 5% this year, predicts Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers. He mentioned that Dubai benefits from robust infrastructure, an appealing business environment, and an expected decrease in interest rates starting in the middle of the y


UAE to welcome 175 Ministers and senior officials to MC13

The UAE is gearing up to host the 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) in Abu Dhabi between February 26 and 29.    It will be a pivotal event that brings together ministers and senior officials from around the world for d


Saudi real estate market in delivery mode: Deloitte

The Saudi real estate market is in delivery mode, with massive residential and commercial projects delivered and four new Special Economic Zones (SEZs) created as the kingdom’s GDP reached SR10.1 trillion ($2.6 trillion) in 2023. The GDP is anticipated to grow to SR11.6 trillion ($3 tri


Oman Cables Industry names new CEO

Oman Cables Industry (OCI), the premier cable solutions provider in the sultanate, has announced the appointment of Erkan Aydogdu as the new CEO. OCI, a part of the Prysmian Group, said Aydogdu, in this new role, will lead the organisation into “the next stage of evolution.&


Gulf businesses eye 'double-digit exports growth' in 2024

Despite escalating geopolitical tensions, executives from the UAE and Saudi Arabia expect double-digit growth in exports in 2024 and are deploying innovation and technology to counter supply chain challenges.   This is according to new research commissioned by D

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