Friday 3 February 2023

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MAJOR INDUSTRIAL STRATEGY
Adnoc signs $4.63bn deals to boost manufacturing sector

Abu Dhabi National Oil Company (Adnoc) has signed agreements worth AED17 billion ($4.63 billion) with a total of 23 major companies as part of its efforts to boost local manufacturing opportunities across a wide range of critical industrial products.

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Q4 RESULTS SEE DECLINE
Alba revenues up 16% in 2022; profit at $1.1bn

Aluminium Bahrain (Alba), one of the world’s largest aluminium smelters, has reported a revenue of BD1,840.9 million ($4,896.1 million) for 2022, up 16% YoY, compared to BD1,584.8 million ($4,215 million) for 2021.

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2

OPERATIONS SET FOR 2025
Saudi Dussur-Korean JV breaks ground on $240m steel plant

SeAH GSI, a joint venture between Saudi industrial investments company Dussur and Korean steel manufacturer SeAH CSS, has broken ground on its SR900 million ($240 million) seamless stainless steel tube plant within the King Salman Energy Park (Spark).

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3

ANALYSIS
Mideast CEOs confident of economic growth in 2023: PwC

CEOs in the Middle East are confident in regional growth and are transforming their businesses embracing new technologies, investing, driving cost efficiencies, moving on deal activity and mitigating the risk of climate change, a report said.

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4

FOCUS
Revving up the EV market in the Middle East

Although the electric vehicle (EV) market in the Middle East region is still in its infancy, it is showing promising signs of growth.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Aldar-Dubai Holding JV to develop new lifestyle projects

Abu Dhabi developer Aldar Properties said it has joined hands with Dubai Holding, a leading UAE investment conglomerate, to develop new living experiences across prime locations in the emirate, thus marking its entry into Dubai's real estate sector.

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Retail & Wholesale

Samsung announces pre-order for Galaxy S23 series

Samsung Gulf Electronics has announced that the new Samsung Galaxy S23 Series comprising the Galaxy S23 Ultra, Galaxy S23+, and Galaxy S23, is now available for pre-order for customers across the region until February 16.

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Energy, Oil & Gas

Neom Green Hydrogen Company gets Saudi operating licence

Neom Green Hydrogen Company (NGHC) - a joint venture between Saudi futuristic city Neom, global utility project developer Acwa Power and industrial gases leader Air Products - said it has secured the industrial operating licence from Saudi Arabia.

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Finance & Capital Market

Abu Dhabi Chamber launches its new strategy for 2023-2025

Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched its three-year strategy that aims to empower private sector and enhance its competitiveness, making the emirate the first choice in the Mena region for doing business by 2025.

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Analysis, Interviews, Opinions

Poet, scientist & influencer top dream jobs in UAE: Report

Becoming a professional poet is the ultimate career of choice for those living in the UAE, followed by the dreams of being a scientist, YouTuber or social media influencer, said Remitly, a top financial services provider for expats.

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Industry, Logistics & Shipping

Adnoc signs $4.63bn deals to boost manufacturing sector

Abu Dhabi National Oil Company (Adnoc) has signed agreements worth AED17 billion ($4.63 billion) with a total of 23 major companies as part of its efforts to boost local manufacturing opportunities across a wide range of critical industrial products.

More…
IT & Telecommunications

Samsung announces pre-order for Galaxy S23 series

Samsung Gulf Electronics has announced that the new Samsung Galaxy S23 Series comprising the Galaxy S23 Ultra, Galaxy S23+, and Galaxy S23, is now available for pre-order for customers across the region until February 16.

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Lifestyle

'Bold design is the hallmark' of next-gen Ranger Raptor

A sneak peek behind the Ford Design curtain helps one learn, in 90 seconds, what it takes to go from a scribble on a sketch pad to Ford’s most powerful Ranger ever – the next-generation Ranger Raptor.

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Motoring

'Bold design is the hallmark' of next-gen Ranger Raptor

A sneak peek behind the Ford Design curtain helps one learn, in 90 seconds, what it takes to go from a scribble on a sketch pad to Ford’s most powerful Ranger ever – the next-generation Ranger Raptor.

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Health & Environment

Arab Health 2023 launches the Intelligent Health Pavilion

Arab Health 2023 has launched the Intelligent Health Pavilion, which showcases how multiple technologies can seamlessly inter-operate with medical equipment and co-exist to improve the patient experience.

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Media & Promotion

noon to stream IPL matches in UAE, KSA and Egypt

noon.com, a leading online shopping destination in the region, in partnership with Times Internet (UK) Limited, will exclusively stream the 2023 and 2024 Indian Premier League (IPL) on the noon app, providing customers with live action.

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Education, HR & Training

DBWC, Visa host fireside chat on women in leadership

Visa, the world’s leader in digital payments, and Dubai Business Women Council (DBWC), a leading platform for businesswomen in Dubai, co-hosted an event on women overcoming challenges in career, business and sports to become effective leaders.

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Miscellaneous

UAE ranks 3rd globally for superior digital government services

Strong adoption and delivery and higher implications for emerging digital government services have placed UAE in the 3rd position globally in providing superior digital government services, says a study.

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