0
COST OF LIVING CRISIS
Global economic growth stagnates at 2.7%, says UNCTAD
UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen from 2011-2019 and well below the 4.4% average in the years before 2008 financial crisis.
1
CAPITAL INVESTMENT BOOST
Mumtalakat, CYVN in deal to explore McLaren partnership
Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, said it has entered into a non-binding agreement with Abu Dhabi-based CYVN Holdings to explore a potential partnership to accelerate the next chapter of auto giant McLaren’s growth.
2
840,000 sq m GATEWAY TO RED SEA
NEOM announces opening of Saudi luxury resort hub Sindalah
NEOM, the developer of the Saudi futuristic city, has announced the opening of Sindalah, a 840,000-sq-m luxury resort destination on Red Sea. Strategically located, it will serve as NEOM's gateway providing easy access for European and GCC yacht owners.
Top Trade News
 | Industry Sectors |
Amali Properties breaks ground on $544m ultra-luxury villa project
UAE-based Amali Properties has broken ground on its landmark AED2 billion ($544 million) luxury development - Amali Island - located within The World Islands off Dubai coast. The piling work on the exclusive 24-villa project is likely to begin in March.
More…
AI-driven insights boost shopper understanding from 10pc to 45pc
RetailGPT, the Generative AI platform bridging digital and physical retail, is setting a new industry benchmark in understanding consumer behaviour.
More…
Acwa Power expands Africa renewable footprint with $7bn investments
Acwa Power, a global leader in energy transition and a pioneer in green hydrogen, has announced that its Redstone Concentrating Solar Power (CSP) plant in South Africa has reached 50 MW and is set to achieve its full 100 MW capacity in the coming days.
More…
Global economic growth stagnates at 2.7%, says UNCTAD
UN Trade and Development (UNCTAD) projected global economic growth to stagnate at 2.7% in 2024 and 2025, marking a sustained drop from the 3% annual average seen from 2011-2019 and well below the 4.4% average in the years before 2008 financial crisis.
More…
Finding smart ways to fill skills and drive growth
Bridging the expertise gap requires more than just accessing external knowledge – it is a holistic approach that recognises the value of talent within a culture of shared growth.
More…
Two major deals inked at Saudi Future Investment Initiative
The opening day of the Future Investment Initiative (FII) held in Riyadh saw two key agreements being signed at the event. Hassana Investment inked a deal with Azerbaijan fund Sofaz and Saudi investment firm Beta Lab launched a $300 million growth fund.
More…
Abu Dhabi passenger traffic soars to 21.7m in nine months
Abu Dhabi Airports has recorded exceptional year-to-date passenger traffic growth, welcoming 21.7 million passengers across its airports as of September 30. This represents a remarkable 31.2% increase compared to the 16.5 million passengers last year.
More…
e& UAE and Microsoft unveil AI-powered solutions for SMBs
e& UAE and Microsoft have announced a major milestone in their partnership, unveiling innovative AI-powered solutions designed to help Small and Medium Businesses (SMBs) thrive in the digital age.
More…
Beautyworld Middle East to showcase ‘clean’ and ‘conscious’ brands
The 28th edition of Beautyworld Middle East 2024, one of the region’s largest international trade shows for beauty and wellness, will present brands that are changing the way the sector looks at sustainability, when it gets underway in Dubai from October
More…
Mumtalakat, CYVN in deal to explore McLaren partnership
Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, said it has entered into a non-binding agreement with Abu Dhabi-based CYVN Holdings to explore a potential partnership to accelerate the next chapter of auto giant McLaren’s growth.
More…
Nikken Sekkei to showcase Gen-Next sustainable skyscrapers prototype
Japanese design firm Nikken Sekkei is set to introduce a new prototype for Next-Generation skyscrapers at the upcoming Cityscape Global in Riyadh. It is mainly aimed at creating attractive workplaces while minimising the CO2 footprint of skyscrapers.
More…
Bahraini jeweller Amal wins top accolades at Milan Jewellery Week
Bahraini jewellery designer Amal Sanad won the Best Creativity Award at Milan Jewellery Week in recognition of her ability to seamlessly blend originality and historical influences with modern creativity. She is the first Bahraini to win this accolade.
More…
Abu Dhabi career expo to offer 900 jobs, 100 for People of Determination
The Ministry of Industry and Advanced Technology (MoIAT) has launched the third edition of the Industrialists Career Exhibition, which will take place at the Abu Dhabi Energy Centre from October 28 to 30. It promises to offer more than 900 new jobs.
More…
DFF kicks off ‘FEEL’ with 42 visionary leaders from 15 countries
Dubai Future Academy, an initiative of Dubai Future Foundation (DFF), kickstarted the "FEEL: A Disruptive Futures Programme" a transformative initiative welcoming the participation of 42 visionary leaders from 15 countries.
More…
