Friday 14 June 2024

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AUTOMOTIVE SECTOR BOOST
Saudi EV brand Ceer inks $2.2bn Hyundai EDS supply contract

Ceer, Saudi Arabia’s first EV brand and original equipment manufacturer (OEM) said it has signed a SAR8.2 billion ($2.18 billion) partnership deal with Hyundai Transys for the supply of innovative Electric Vehicle Drive Systems (EDS) for its vehicles.

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1

EPC CONTRACT AWARDED
Adnoc go ahead for $5.5bn Ruwais LNG project

Adnoc has endorsed the final investment decision for the company's lower-carbon intensity Ruwais liquefied natural gas (LNG) project and the award of an EPC contract for the project valued at approximately $5.5 billion.

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2

HITECH AIR MOBILITY ROADMAP
Saudi Arabia in groundbreaking air taxi trial; to reshape Hajj travel

In a historic move, Saudi Arabia has successfully conducted its first air taxi trial in Makkah setting the stage for deployment in the coming years and transforming Hajj transportation for pilgrims. The trial featured an EH216-S pilotless eVTOL aircraft.

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3

SPOTLIGHT
Turning offices into attractive workspaces

By focusing on technology, design, and culture, IT managers can transform offices into vibrant, productive hubs that draw employees in and foster a thriving work environment.

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4

INSIGHT
Why land degradation needs urgent global action

Land degradation requires immediate and concerted action from stakeholders across the world, a leading environmentalist has said, in light of the World Environment Day marked on June 5 – a major outreach programme of the United Nations.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Work starts on 10 premium residential towers in Makkah city

Saudi-based developer Kidana has started work on 10 residential buildings being developed as part of Kidana Al Wadi project on a 33,000-sq-m area near the Jamarat facility. On completion, these towers will be able to accommodate 30,000 pilgrims.

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Energy, Oil & Gas

Adnoc Drilling, Alpha Dhabi JV raises Gordon stake to 67.2pc

Adnoc Drilling and Alpha Dhabi's joint venture (JV) Enersol has agreed to acquire an additional 42.206 per cent equity stake in Gordon Technologies for consideration of approximately $270 million, making Enersol the majority equity holder.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

DHL Express opens $218m logistics hub expansion in Bahrain

In a significant milestone for Bahrain’s logistics sector, DHL Express has unveiled a €218-million expansion of its Middle East and North Africa (MENA) hub at the Bahrain International Airport.

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Travel, Tourism & Hospitality

Kleindienst seals deal to build floating villas, giga-yacht in RAK

Dubai-based Kleindienst Group has signed an agreement with RAK Ports for the establishment of a maritime facility which will fabricate Floating Seahorse Villas as well as a 144-m giga-yacht, the first ever to be built outside Europe, in Ras Al Khaimah.

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IT & Telecommunications
Lifestyle

Bayanat, Imkan team up for smart mobility infrastructure at SHA Island

Bayanat, a key provider of AI-powered geospatial and smart mobility solutions, has joined hands with Abu Dhabi-based Imkan Properties for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf within the UAE capital.

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Motoring

UD Trucks launches drive to boost Egypt, Kenya sales

UD Trucks, a leading Japanese commercial vehicle solutions provider, kicked off its Brand Day events in Egypt and Kenya, fresh off a record-breaking 2023 in Middle East, East and North Africa (Meena) driven by solid sales growth across all segments.

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Health & Environment

SEHA rebrands; to focus on patient experience

The Abu Dhabi Health Services Company (SEHA), a subsidiary of PureHealth, the largest healthcare platform in the Middle East, has launched its new brand identity, continuing on its journey to further enhance patient experience.

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Media & Promotion

Modi sworn in as India's PM for record third term

Narendra Modi was sworn in as India's Prime Minister on Sunday for a record-equalling third term at a grand ceremony held in New Delhi, attended by thousands of dignitaries, including leaders of regional countries, Bollywood stars and industrialists.

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Education, HR & Training

Diriyah and RICS join forces to empower Saudi talent

The Diriyah Company has signed a Memorandum of Understanding (MoU) with the Royal Institution of Chartered Surveyors (RICS) to enhance the training and development of Saudi talent.

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