Wednesday 15 January 2025

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MANUFACTURING UNIT IN KSA
Lenovo, Alat complete $2bn investment deal

Global technology powerhouse Lenovo Group and Alat, a Saudi PIF company, have announced the completion of the $2 billion investment (via three-year zero-coupon convertible bonds) and plans to set up a Lenovo factory in Saudi Arabia.

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1

FIRST IN REGION
BEEAH to build waste-to-hydrogen plant in Sharjah

BEEAH, a sustainability pioneer in the region, has revealed comprehensive plans for the Middle East’s first commercial-scale, waste-to-hydrogen plant to be located in Al Sajaa, Sharjah.

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2

A WORLD FIRST IN ABU DHABI
UAE to build 24/7 solar PV, battery storage gigascale project

Abu Dhabi Future Energy Company (Masdar) and Emirates Water and Electricity Company (EWEC) on Tuesday announced plans to build the world’s first large-scale ‘round the clock’ gigascale project, combining solar power and battery storage in Abu Dhabi.

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3

SPOTLIGHT
Financial markets outlook 'rife with uncertainties'

The outlook for the global economy this year is uneven and mixed, 'rife with uncertainties and riddled with challenges', so traders are advised to take a cautious stance, according to Octa, an international broker.

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4

FOCUS
Manufacturing trends 2025: Navigating challenges with AI, sustainability

The global manufacturing industry is at a pivotal juncture going into 2025. Rapid technological advancements, climate change, and intensifying cybersecurity threats demand urgent, strategic solutions.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Light + Intelligent Building Middle East opens with 440 exhibitors

More than 440 exhibitors from 34 countries are taking part in the Light + Intelligent Building Middle East exhibition, the leading event in the region for the lighting and building technology industries, which opened on Tuesday (January 14) in Dubai.

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Energy, Oil & Gas

UAE to build 24/7 solar PV, battery storage gigascale project

Abu Dhabi Future Energy Company (Masdar) and Emirates Water and Electricity Company (EWEC) on Tuesday announced plans to build the world’s first large-scale ‘round the clock’ gigascale project, combining solar power and battery storage in Abu Dhabi.

More…
Finance & Capital Market

BAC, BBK sign financing deal for Express Cargo Village

Bahrain Airport Company (BAC), the operator and managing body of Bahrain International Airport (BIA), has signed a 15-year loan agreement with Bank of Bahrain and Kuwait (BBK) for further development of the Express Cargo Village.

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Analysis, Interviews, Opinions

Financial markets outlook 'rife with uncertainties'

The outlook for the global economy this year is uneven and mixed, 'rife with uncertainties and riddled with challenges', so traders are advised to take a cautious stance, according to Octa, an international broker.

More…
Industry, Logistics & Shipping

ADSB launches first vessel in FALAJ 3 programme

Abu Dhabi Ship Building (ADSB), a regional leader in the design, construction, repair of naval and commercial vessels, celebrated a milestone with the launch of the first FALAJ 3 class vessel during a ceremony held at the ADSB shipyard.

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Travel, Tourism & Hospitality

Marriott Marquis Dubai adds two leaders to its team

Marriott Marquis Dubai at Jewel of the Creek has announced the appointment of two key figures to its leadership team. Fredrik Reinisch has been appointed as the new General Manager, while Steven Johnston takes on the role of Entertainment Officer.

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Lifestyle

Emaar Hospitality fitness unit Veo launches new branch in Dubai

Veo, a pioneering community lifestyle fitness brand from Emaar Hospitality Group, has announced the launch of its newest branch in the heart of Arabian Ranches 2. The new facility, its fourth outlet in Dubai, also has an outdoor workout space.

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Motoring

Michelin appoints new President for Africa, India, and ME region

Michelin, a leading tyre technology company, has appointed Vitor Silva as President of the Africa, India, and Middle East (AIM) Region. He will be based out of Pune, India.

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Media & Promotion

New Creators HQ in Dubai to attract 10,000 influencers

A pioneering initiative to unite content creators and industry leaders worldwide was launched in Dubai as part of the 1 Billion Followers Summit. The Creators HQ aims to attract 10,000 influencers to the UAE over the next period

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Education, HR & Training

DCAI opens registrations for ‘One Million Prompters’ initiative

Dubai Centre for Artificial Intelligence (DCAI) has opened registrations for ‘One Million Prompters’, a pioneering initiative aimed at training one million individuals in the emerging field of AI prompt engineering.

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Miscellaneous

Major reforms to UAE family law – the key changes

The UAE government has announced significant amendments to its family law, aiming to enhance children's rights and provide stronger support for mothers in custody and divorce cases.

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