Tuesday 27 February 2024

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KEY FOCUS ON BOOMING INDIA
Goldman Sachs, Mubadala ink $1bn APAC credit partnership

Abu Dhabi-based Mubadala Investment Company has signed a $1 billion partnership deal with Goldman Sachs, in a strategic move that will help expand its Asia Credit platform and also boost investment in new opportunities across the Asia Pacific region.

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1

15 TRILLION CU FT GAS RESERVES
Aramco announces big gas, condensate find in Saudi Arabia

Saudi oil giant Aramco has announced the discovery of another 15 trillion standard cu ft of gas reserves at its Jafurah unconventional field thus taking its total volume to 229 trillion cu ft of gas and 75 billion barrels of condensates.

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2

OVER 20,000 PRODUCTS ON DISPLAY
Big 5 Construct Saudi set for mega show; draws 1,300 firms

The Big 5 Construct Saudi kicks off its 12th edition tomorrow in Riyadh drawing more than 1,300 exhibitors from 47 countries, unifying the full spectrum of the construction value chain for four days of business making, networking and knowledge sharing.

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3

SPOTLIGHT
KSA defies EMEA ‘consumer spending reduction trend'

While economic uncertainties persist globally, consumer spending in the Kingdom of Saudi Arabia (KSA) is expected to remain steady in 2024.

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4

SPOTLIGHT
Human-like tech 'to usher unprecedented productivity, creativity'

The world is in the midst of a huge technology shift, as AI and other disruptions become ‘Human by Design’, much more human-like and intuitive for people to use, and usher in an era of unprecedented productivity and creativity, says a report.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Nakheel awards District One West residences contracts

Master developer Nakheel has appointed contractors for the construction of its gated community - District One West - at MBR City in Dubai. The scope of work includes development of 467 villas and mansions with a mix of four- to seven-bedroom units.

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Retail & Wholesale

Marassi Galleria unveils dazzling line-up of events for grand opening

Marassi Galleria, Bahrain’s newest premier lifestyle destination and a part of iconic waterfront development, Marassi Al Bahrain, being developed by Eagle Hills Diyar, has announced a line-up of events to mark its grand opening this month.

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Energy, Oil & Gas

Aramco announces big gas, condensate find in Saudi Arabia

Saudi oil giant Aramco has announced the discovery of another 15 trillion standard cu ft of gas reserves at its Jafurah unconventional field thus taking its total volume to 229 trillion cu ft of gas and 75 billion barrels of condensates.

More…
Finance & Capital Market

Goldman Sachs, Mubadala ink $1bn APAC credit partnership

Abu Dhabi-based Mubadala Investment Company has signed a $1 billion partnership deal with Goldman Sachs, in a strategic move that will help expand its Asia Credit platform and also boost investment in new opportunities across the Asia Pacific region.

More…
Analysis, Interviews, Opinions

KSA defies EMEA ‘consumer spending reduction trend'

While economic uncertainties persist globally, consumer spending in the Kingdom of Saudi Arabia (KSA) is expected to remain steady in 2024.

More…
Industry, Logistics & Shipping

Saudi’s Tejoury opens new regional headquarters in DIP

Tejoury, a Saudi company specialising in records management, digital transformation, and business process outsourcing, has unveiled its new regional hub in Dubai Investments Park (DIP) as it expands its reach in the region.

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Travel, Tourism & Hospitality

Al Balad in deal to operate Jeddah Historic District hotels

Al Balad Development Company, a subsidiary of Saudi wealth fund PIF, has been signed up by Saudi Ministry of Culture to operate all the heritage hotels in the Jeddah Historic District once its restoration and rehabilitation work gets completed.

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Lifestyle

Lifestyle brand Athlete's Foot opens 12th store in Kuwait

The Athlete's Foot, a premier athletic lifestyle brand, has launched its 12th store in Kuwait. The store presents a diverse array of contemporary sports and lifestyle fashion apparel sourced from renowned global brands like Nike, Adidas and Puma.

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Motoring

MG among top five best-selling car manufacturers in GCC

MG Motor continued its successful upwards trajectory in the rankings of the Middle East’s top car manufacturers, moving up another place in 2023 to secure fifth position with yet another record-breaking year – a sales of 63,691 units over the 12 months.

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Health & Environment
Media & Promotion

Multiply Group boosts OOH ad portfolio with BackLite buy

Abu Dhabi-based Multiply Group said it has acquired BackLite Media, a premier digital advertising company with assets in landmark locations in UAE, in a strategic move aimed at expanding footprint in the burgeoning out-of-home (OOH) advertising space.

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Education, HR & Training

IWG targets over 500 locations in Mena

IWG, a flex and office space provider, has announced plans to rapidly scale up its network of locations in the Middle East and North Africa (Mena) to meet the growing demand for innovative hybrid working solutions in the region.

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Miscellaneous

Hana Al Rostamani tops Forbes influential female leaders list

Hana Al Rostamani, Group CEO of the First Abu Dhabi Bank (FAB), leads the Forbes Middle East signature annual list of the region’s most powerful businesswomen for 2024, for the second consecutive year.

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