Saturday 8 February 2025

0

MINERAL SECURITY SEEN PARAMOUNT
Saudi eyes strategic partnership with India in industry, mining

Saudi Arabia's Vision 2030 opens promising horizons for expanding the strategic partnership between the kingdom and India in industrial and mining sectors thus paving the way for a bright future filled with promising joint opportunities, said a minister.

more…

1

L&T, CHINESE FIRMS WIN CONTRACTS
Hafeet Rail signs major deals for facilities, wagons in Oman

Hafeet Rail has awarded the construction contracts for its key railway facilities in Oman to Larson & Toubro (L&T) and Power China, while the China Railway Rolling Stock Corporation (CRRC) has been contracted to supply a fleet of freight wagons.

more…

2

SKILLED LABOUR, MATERIALS CRISIS
UAE, Saudi construction costs set to rise in 2025, says report

Construction costs in key GCC markets are likely to rise this year - with a 2 to 5% jump in UAE and 5 to 7% in Saudi costs. It is due to rising demand that will add pressure to the limited availability of skilled labour and key materials, said a report.

more…

3

ANALYSIS
Lessons from history as Trump’s tariffs upend markets

History could be repeating itself as the latest wave of tariffs from the Trump administration disrupts global trade, reshapes supply chains, and sends investors scrambling to reassess their strategies, warns Nigel Green, CEO of deVere Group.

more…

4

ANALYSIS
Goldman Sachs sees a ‘more constructive' business environment

Goldman Sachs Chairman and CEO David Solomon is optimistic about the business environment and predicts a pickup in capital markets activity this year.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Khansaheb snaps up Dubai Exhibition Centre Phase I contract

UAE-based Khansaheb Civil Engineering has been named the main contractor for Phase One of the Dubai Exhibition Centre (DEC) expansion project at Expo City Dubai. Set for 2026 completion, it will expand the DEC's capacity to 140,000 sq m.

More…
Retail & Wholesale

Saudi consumer spending resilience continues says survey

Saudi Arabia’s consumer market is evolving rapidly, characterised by adaptability, shifting spending patterns, and resilience in the face of global economic challenges, according to the latest insights from 2025 Global Consumer Outlook by AlixPartners.

More…
Finance & Capital Market

Dubai GDP expands by 3.1% in first nine months of 2024

Dubai’s economy continued its upward growth trajectory, with GDP in the first nine months of 2024 up 3.1% from the same period in 2023 to hit AED339.4 billion ($92.3 billion). The surge highlights significant strides across key sectors, said a report.

More…
Analysis, Interviews, Opinions

Lessons from history as Trump’s tariffs upend markets

History could be repeating itself as the latest wave of tariffs from the Trump administration disrupts global trade, reshapes supply chains, and sends investors scrambling to reassess their strategies, warns Nigel Green, CEO of deVere Group.

More…
Industry, Logistics & Shipping

Borouge eyes polyolefins plant in China

Abu Dhabi Polymers Company (Borouge) is currently considering the establishment of a specialised polyolefins production complex in China, with an annual production capacity of 1.6 million tonnes, the company's CEO has said.

More…
Travel, Tourism & Hospitality
Lifestyle

GORD to integrate sustainable construction code into Gulf Standards

Having developed the region's first sustainable construction code, Gulf Organisation for Research & Development (GORD) - a unit of Qatari Diar - has inked a deal with GCC Standardisation Organisation for integrating it into the wider Gulf building code.

More…
Motoring

Ceer teams up with Italian group Sabelt for sports car seats

Saudi group Ceer has signed a SAR543 million ($145 million) partnership deal with Sabelt, a leading Italian group specialising in the design and manufacture of racing car seats and safety system, to develop sports seats for its sedan and SUV models.

More…
Health & Environment

A1RWATER, Fairmont Bab Al Bahr achieve water from Air milestone

A1RWATER, a global leader in atmospheric water generation (AWG), has reached a significant milestone in its partnership with Fairmont Bab Al Bahr, generating 704,846 litres of water from the air since 2023.

More…
Media & Promotion

Downtown Design gears up for debut Saudi edition

Fueled by the rapid expansion of Saudi Arabia’s luxury real estate sector and landmark projects, Downtown Design, the leading fair for contemporary and quality design in the Middle East, is set to launch its inaugural edition in the kingdom this May.

More…
Education, HR & Training

Tamkeen helps 14 Bahraini companies take part in LEAP 2025

Bahrain's Labour Fund (Tamkeen) has announced its support to 14 leading tech firms from the kingdom to help them take part in the fourth edition of LEAP 2025 in Riyadh. The event is one of the largest global gatherings dedicated to tech and innovation.

More…
Miscellaneous

Bahrain to launch revamped ID cards

Bahrain’s Information & eGovernment Authority (iGA) will soon launch of the fully revamped and enhanced identity card, aligned with the latest international technologies and standards.

More…

calendarCalendar of Events

Weather

MANAMA WEATHER
ABU DHABI WEATHER
DUBAI WEATHER
RIYADH WEATHER
OMAN WEATHER
KUWAIT WEATHER
QATAR WEATHER

Trade Arabia on Twitter


TradeArabia on Facebook