Thursday 18 July 2024

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FOCUS ON WIND POWER
Envision Energy, PFI partner to drive renewables growth

Envision Energy, recognised as the 'Green Giant' among the '2024 TIME100 Most Influential Companies', has unveiled a strategic joint venture (JV) with Saudi Arabia's Public Investment Fund (PIF) and Vision Industries.

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1

CHINA, INDIA SPEARHEAD GROWTH
International gas demand to grow by 2.5% in 2024, says IEA

Global gas demand is forecast to grow by 2.5% owing to the fast-growing Asian markets mainly driven by China and India, which accounted for 60% of the increase in global gas demand in H1, according to Paris-based International Energy Agency (IEA).

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2

FOCUS ON ENERGY, RETAIL VERTICAL
French group Ceva inks Saudi JV with Almajdouie Logistics

Ceva Logistics, a global supply chain company based in France, has joined forces with Saudi-based Almajdouie Logistics to set up a new entity in the kingdom that will target industry verticals - ranging from energy, petchem to automotive and retail.

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3

ANALYSIS
Emerging trends revolutionising Mideast construction technology

The construction industry in the Middle East is witnessing a major transformation, thanks to the technological advancements which help enhance safety and efficiency on the building sites and pave the way for improved project execution, said an expert.

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4

INSIGHT
How Saudi infrastructure development can match the tourism boom

With Saudi Arabia setting a new goal to attract 150 million visitors over the next six years, there is an urgent need to increase the pace of developing giga projects and tourism destinations in the kingdom, a top official of Serco Middle East, has said.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Design of New Murabba Stadium in Riyadh unveiled

New Murabba Development Company - a unit of Saudi sovereign wealth fund PIF - has unveiled the design of its Murabba Stadium, an architectural marvel with a capacity of over 45,000 that will come up within its transformative downtown Riyadh destination.

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Retail & Wholesale
Energy, Oil & Gas

Kezad commissions $82m natural gas network for clients

Khalifa Economic Zones Abu Dhabi – Kezad Group has successfully commissioned a new natural gas network having 311,100 MMBTU/Day capacity in Kezad Area A - Al Ma’mourah investing around AED300 million ($82 million).

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Finance & Capital Market

Adopting sharia standard 62 may disrupt sukuk market, says S&P

The adoption of the new sharia standard 62 could disrupt the sukuk market as early as next year, said S&P Global Ratings, adding the issuance volumes could dip over the medium term if it alters the nature and risk characteristics of sukuk instruments.

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Analysis, Interviews, Opinions

Emerging trends revolutionising Mideast construction technology

The construction industry in the Middle East is witnessing a major transformation, thanks to the technological advancements which help enhance safety and efficiency on the building sites and pave the way for improved project execution, said an expert.

More…
Industry, Logistics & Shipping

Dubai to set up mega logistics hub for foodstuffs, vegetables

DP World, a leading provider of end-to-end supply chain solutions, has announced that it has signed a key agreement with Dubai Municipality for the development of the largest logistics hub in the world for foodstuffs, fruit and vegetable trade.

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Travel, Tourism & Hospitality

More UAE residents set to travel this summer

UAE residents are set to explore a diverse range of destinations this summer with data showing a significant increase in both domestic and international travel and August expected to be the most expensive for international getaways, says an Expedia report

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IT & Telecommunications

Zendata signs $35m business deal with Salam Technology

Leading global cyber-security firm Zendata has partnered with Qatari technology conglomerate Salam Technology in a $35 million, five-year deal aimed at providing state of the art services to companies in Qatar and across the Gulf.

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Lifestyle

Bahrain Sports City project designs under review

The designs of Sports City, a major lifestyle project for Bahrain, were reviewed at a meeting of senior government officials. The project, being backed by HM King Hamad, will boost Bahrain's global position in hosting big sports events, said a report.

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Motoring
Health & Environment

Korean group starts work on gastroenterology hospital in Dubai

Dubai Healthcare City has broken ground on Asan-UAE Gastroenterology Hospital, located within Phase Two of the key mixed-use development. Spanning 21,150 sq m, the 65-bed facility marks the first overseas venture of South Korea’s largest hospital AMC.

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Media & Promotion

Major cabinet reshuffle in UAE; Hamdan appointed Deputy PM

In a major cabinet reshuffle, Dubai's Crown Prince Sheikh Hamdan bin Mohammed has been appointed as the Deputy Prime Minister and Minister of Defence of UAE. As per the decree, Sheikh Abdullah bin Zayed Al Nahyan too has been named Deputy Prime Minister.

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Education, HR & Training

Dell, Aramco and NITA collaborate to upskill local Saudi talent

In a collaborative effort to empower Saudi Arabia’s local talent with advanced science and technology skills, Dell Technologies, Aramco and the National IT Academy (NITA) have signed a collaboration agreement.

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Miscellaneous

World Food Security Summit in Abu Dhabi to draw top industry leaders

Abu Dhabi is set to host the World Food Security Summit for the first time at the Adnec Centre Abu Dhabi from November 26-27, aimed at encouraging dialogue and practical steps towards building a sustainable global food system and eradicating hunger.

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