Thursday 23 March 2023

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MASTERPLANNING, ORAT SERVICES
Aecom lands major PMC contract for Neom airport

Aecom, the leading infrastructure consulting firm, said it has been awarded a multi-year contract to provide project management consultancy (PMC) services for Neom International Airport (NIA) coming up within a mega futuristic city in Saudi Arabia.

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1

GLOBAL EXPANSION PLANS
GMG launches four food factories in UAE

GMG, a global well-being company retailing, distributing, and manufacturing a portfolio of leading brands, has launched four new factories to produce value-added food products.

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2

STRATEGIC PLANNING SUPPORT
Egis wins contract to manage 26 airports in Saudi Arabia

Matarat (formerly Saudi Civil Aviation Holding Company) said it has awarded a three-year contract to Egis, a leading multidisciplinary engineering and operations company, to provide consulting services for 26 airports across the kingdom.

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3

INSIGHT
Investors eye ‘retiring 3 years earlier’ than non-investors

People who invest their wealth expect, on average, to retire 3 years earlier than non-investors, a survey by global market research firm YouGov commissioned by private market exchange ADDX has found.

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4

FOCUS
Why now is the right time to start preparing for Corporate Tax in UAE – DgTx

The Corporate Tax regime in the UAE will begin from June 1, 2023; however, as per leading UAE digital taxation company DgTx, businesses must start prepping for the Corporate Tax now.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Design-build contractor Amana opens new factory in Saudi Arabia

Leading regional design-build contractor Amana has announced that its key unit, DuBox, has opened a new factory at Rabigh, Saudi Arabia. Spread over a 70,000-sq-m area, it will design, manufacture and assemble safer, greener and smarter buildings.

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Retail & Wholesale

Marks & Spencer reopens at Bahrain City Centre

Leading British retailer, Marks & Spencer, operated by the Al-Futtaim Group, has reopened its doors at Bahrain City Centre with a brand-new M&S Foodhall and Café, now spanning across more than 26,000 sq ft.

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Energy, Oil & Gas

Enec signs co-op deal with top Romanian nuclear group

Emirates Nuclear Energy Corporation (Enec) has signed an agreement with top global energy group Nuclearelectrica to boost co-operation in the development and expansion of nuclear energy programmes across the UAE and Romania as well as the wider Europe.

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Finance & Capital Market

Abu Dhabi to host world’s largest investment forum

Over 600 high-level speakers will participate in more than 160 dialogue sessions at the 12th edition of the Annual Investment Meeting (AIM Global 2023) to be held in Abu Dhabi from May 8 to 10.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

First phase of $4.7bn Iraq port to be ready in 2025

Iraq has announced that steady progress was being made on its $4.7 billion Al Faw Grand Port project in the country's south with Phase One set for completion in 2025. The scope of work includes implementation of 11 key infrastructure projects.

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Travel, Tourism & Hospitality

Bahrain named World’s Best Airport for Baggage Delivery

Bahrain International Airport (BIA) has been named the World’s Best Airport for Baggage Delivery at the World Airport Awards ceremony held in Amsterdam, Netherlands. The newly-opened airport also snapped the award for Best Airport Staff in Middle East.

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IT & Telecommunications

Saudi Arabia top 2 in G20 for digital systems preparedness

The Kingdom of Saudi Arabia has been ranked second among G20 members and fourth globally in Digital Systems Preparedness, according to the latest report released by the International Telecommunication Union (ITU), a leading UN agency.

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Lifestyle

Bahrain, best for expat living: survey

Bahrain tops the list of best destinations for expatriates in the new Expat Essentials Index of 52 nations that make life abroad easiest and those that make life most challenging for foreign residents.

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Health & Environment

Woman with artificial heart pump gives birth at Saudi hospital

In one of the rare medical cases recorded in the world, a 32-year-old woman who lives on an artificial pump assisting the heart has given birth to a healthy baby through a successful caesarean section at King Faisal Specialist Hospital in Riyadh.

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Media & Promotion

Global Tourism Film Festival unveils blockbuster line-up

The Global Tourism Film Festival (GTFF), in association with the City of North Bay, Ontario, Canada has announced a blockbuster line-up of tourism promotion films, workshops, and seminars, coming up April 27-30.

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Education, HR & Training

Emerson promotes green education among UAE school students

Emerson, a global technology and software company, has collaborated in the UAE with Treedom, a web-based platform that promotes a culture of environmental sustainability, to inculcate sustainability among school students.

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Miscellaneous

Tremors felt in parts of India as quake hits Afghanistan

Tremors lasting several seconds were felt in Delhi and other parts of northern India including Jammu and Kashmir and Punjab as a strong 6.5 magnitude earthquake struck Afghanistan on Tuesday night. Tremors were also felt in Pakistan, said media reports.

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