Monday 9 December 2024

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BIG ENERGY TRANSITION MOVE
$5.4 trillion mineral investment needed by 2035, say experts

Capital investment of $5.4 trillion will be required to sustain and expand mining, processing facilities globally in the next 10 years and of this total more than 70% will be needed for four major commodities - coal, iron ore, copper, and gold, said a rep

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1

SAUDI, US, UAE TOP PARTNERS
Bahrain's non-oil exports value for October hits $833m

The total value of Bahrain's non-oil exports for October stood at BD316 million ($833 million) with the unwrought aluminum alloys emerging the top export product. The Kingdom of Saudi Arabia ranked first in the importers' list followed by the US and UAE.

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2

PRISONERS FREED
Syria rebels take Damascus, Assad reign ends

Syrian rebel forces claimed that they have captured capital Damascus and have ended Bashar Al-Assad's 24-year authoritarian rule.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Oman completes first two phases of Salalah masterplan

Oman has completed the first two phases of its Salalah masterplan and is currently working on its general structure. Spanning 427 million sq m, it will be home to over 480,000 residents, thus marking an important milestone in Dhofar’s urban evolution.

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Retail & Wholesale

Indian jewellery brand Tanishq unveils flagship store in Dubai

Tanishq, one of the leading jewellery brands in India, has announced the opening of its flagship boutique in the Dubai Gold Souk Extension. Spanning a 5,000 sq ft area, the outlet, its 13th in GCC, is the brand’s largest showroom in the UAE.

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Energy, Oil & Gas

Adnoc signs 15-year sales deal with Petronas for key LNG project

Adnoc has announced the signing of a 15-year sales and purchase agreement for the lower-carbon Ruwais LNG project with Malaysia’s Petronas. The deliveries are likely to begin in 2028 upon commencement of its commercial operations at the Abu Dhabi plant.

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Finance & Capital Market

Bahrain's non-oil exports value for October hits $833m

The total value of Bahrain's non-oil exports for October stood at BD316 million ($833 million) with the unwrought aluminum alloys emerging the top export product. The Kingdom of Saudi Arabia ranked first in the importers' list followed by the US and UAE.

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Analysis, Interviews, Opinions

Pioneering transformation toward a sustainable water future

As leaders in water management, Abu Dhabi is in the process of completing its integrated strategy to enable more effective management of Abu Dhabi’s water resources.

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Industry, Logistics & Shipping

$5.4 trillion mineral investment needed by 2035, say experts

Capital investment of $5.4 trillion will be required to sustain and expand mining, processing facilities globally in the next 10 years and of this total more than 70% will be needed for four major commodities - coal, iron ore, copper, and gold, said a rep

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Travel, Tourism & Hospitality

Saudi Arabia ranks third in 9-month global tourist arrivals

The Kingdom of Saudi Arabia has been ranked third globally in terms of international tourist arrivals, thus registering an over 61% growth in the first eight to nine months of 2024 compared to the same period in 2019, according to UN Tourism.

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IT & Telecommunications

Space42, ICEYE JV to bring satellite manufacturing to UAE

Space42, a UAE-based AI-powered SpaceTech firm, and ICEYE, a global leader in Synthetic Aperture Radar (SAR) satellite operations for high-fidelity Earth Observation, have created a joint venture to manufacture SAR satellites in the UAE.

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Lifestyle

Cruise ship Aroya gets grand welcome in its homeport Jeddah

Cruise Saudi, a PIF portfolio company, hosted a grand ceremony to welcome the first Arabian cruiseliner, Aroya, in its homeport Jeddah ahead of its maiden voyage. Aroya will depart Jeddah next week on a three-night journey across the Red Sea.

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Health & Environment

Johns Hopkins Aramco Healthcare facility opens at Spark

King Salman Energy Park (Spark) has announced the opening of a new clinic with Johns Hopkins Aramco Healthcare (JHAH) within its premises. The facility provides comprehensive medical services to support SPARK tenants, employees and partners.

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Media & Promotion

IBPC Dubai launches new season of 'India Dialogues' series

Indian Business & Professional Council (IBPC) Dubai launched its new season of India Dialogues that drew thought leaders, policymakers and experts who discussed the vision for a developed India and strategic importance of education in shaping the future.

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Education, HR & Training

Nature-based solutions to create 32m new jobs by 2030: UN

Investing in nature-based solutions could create up to 32 million new jobs by 2030, according to a new report by International Labour Organisation (ILO). The greatest gain would be in Africa, Latin America and Arab States hitting 13 million jobs by 2030.

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Miscellaneous

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