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GAPS NEED OT BRIDGED
AI to boost trade by 40% by 2040, says report
With the right enabling policies, Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, says the 2025 edition of the World Trade Report.
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NINE GROUPS WIN LICENCES
KSA awards 25 mining exploration sites, opens bidding for 162 more
Nine local and international companies and consortia have won Saudi Arabia's multi-round auction for exploration licences for 25 sites in the Nabitah–Ad Duwayhi Belt in Makkah Region, the Ministry of Industry and Mineral Resources has announced.
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150 UNITS PLANNED
India's Rana Group launches smart manufacturing hub in Ras Al Khaimah
India’s Rana Group has launched Erisha Smart Manufacturing Hub that will see the development of 150 large industries at Al Ghail Industrial Area in Ras Al Khaimah in the next five years.
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Gulf sports clubs can target new high-growth revenue streams: report
While the focus of sports clubs has historically centered on traditional income streams such as broadcast rights, there exist high growth opportunities that can help clubs diversify income and build commercial resilience, says a report.
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INSIGHT
Dubai’s residential property 'fundamentals steady despite seasonal dip'
Dubai’s residential property market demonstrated steady fundamentals despite seasonal slowdowns in August, a report said. The total value of deals reached AED42 billion ($11.44 billion), in the month.
Top Trade News
 | Industry Sectors |
Dubai's National Industries Park secures $272m new projects
National Industries Park (NIP), DP World’s industrial hub in Dubai, has secured more than AED1 billion ($272.3 million) in new projects so far this year, underlining strong investor confidence in the emirate’s growing industrial base.
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Al-Futtaim buys 49.95% stake in Cenomi Retail for $686m
Al-Futtaim, a regional retail powrhouse, has acquired a 49.95% stake in Cenomi Retail, a leading retail brand in Saudi Arabia, for a total consideration of SAR2.52 billion ($686 million), at SAR44 per share.
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Aramco plans to execute 85 projects in next three years, says report
Saudi Aramco will be executing 85 projects over the next three years, most of which are currently in planning phase. These span multiple business domains - from core oil and gas production to pipeline networks and civil infrastructure, said a report.
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Social Development Bank’s 9-month funding totals $ 1.73bn; 90,000 benefit
The total financing provided by Saudi Arabia’s Social Development Bank (SDB) from the beginning of the year until the third quarter reached SAR6.5 billion, benefiting more than 90,000 citizens and enterprises across various regions of the Kingdom.
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Industrial AI transforming asset-intensive sectors: IFS’s Rahul Misra
With ambitious transition projects in the region, the stakes are immense. These are industries where AI’s ability to make intelligent, context-aware decisions can truly transform outcomes, notes Rahul Misra, SVP & Managing Director, MEA at IFS.
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AI to boost trade by 40% by 2040, says report
With the right enabling policies, Artificial intelligence (AI) could boost the value of cross-border flows of goods and services by nearly 40% by 2040 thanks to productivity gains and lower trade costs, says the 2025 edition of the World Trade Report.
More…
LTI announces World's Best Luxury Hotel Brands 2025
LTI has named the World's Best Luxury Hotel Brands 2025, based on a rigorous assessment process using 130 key touchpoints in the luxury hotel sector. Mandarin Oriental secures the top position for the third consecutive year.
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Batelco by Beyon launches eco-SIM cards
Batelco by Beyon has announced the launch of Eco-SIM cards made from 100% recycled plastic, becoming the first operator in the Kingdom of Bahrain to introduce this environmentally friendly innovation.
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Beaumont Nathan opens Abu Dhabi office, make key appointments
Leading international art advisory, Beaumont Nathan, has announced its expansion with two significant appointments and an extension of its services to provide long-term, trusted, transparent support to families.
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Rolls-Royce unveils Cullinan Cosmos, inspired by space
Rolls-Royce Motor Cars Abu Dhabi and Private Office Dubai have unveiled the Cullinan Cosmos: a one-of-one commission inspired by space.
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Jamjoom Pharma enters deal with Bio-Thera for Cosentyx biosimilar
Jamjoom Pharmaceuticals Factory Company (Jamjoom Pharma) has signed a strategic commercialisation agreement with Bio-Thera Solutions for the exclusive rights to commercialise a proposed biosimilar to Cosentyx (secukinumab) across the Mena region.
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Creators HQ, YouTube collaborate to launch first YouTube Academy in MENA
Creators HQ, the first content creator hub in the UAE and the Middle East and part of Visioneers, announced its collaboration with YouTube to launch the first YouTube Academy in the Middle East & North Africa.
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EmpowerME equips 86,000 with job, enterprise skills, plans expansion
EmpowerME has equipped more than 86,000 young people across MENA and Türkiye with practical skills for work and entrepreneurship in its first year, pairing intensive, mentor‑led learning with ambassador‑led local trainings, the group has said.
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EO Bahrain chapter members create 3,900 jobs
The Bahrain Chapter of Entrepreneurs’ Organization (EO), a global network of influential business leaders, currently comprises 37 Bahraini entrepreneurs whose companies collectively represent an investment volume of $120 million, it was revealed.
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