Saturday 4 December 2021

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EIGHT OF TOP 10 IN EUROPE
Paris tops Top 100 City Destinations index, Dubai second

Paris ranks top and Dubai second in the 2021 Top 100 City Destinations Index developed by Euromonitor International.

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50th UAE NATIONAL DAY
The best is yet to come, vows Sheikh Mohammed

The UAE will enter a new phase in the nation-building process today as it celebrates the 50th National Day and the best is yet to come, promised His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai.

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2

FOURTH ADDITIONAL BLOCK
Mitsubishi consortium named EPC contractor for Alba PS5 unit

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, has selected a consortium of Japan's Mitsubishi and Sepco III as the engineering, procurement and construction contractor for the fourth additional block at Power Station 5 (PS5).

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3

FOCUS
Avoiding the shopping blues: How to shop online safely

With the holiday shopping bonanza right around the corner, here's how to make sure your online spending spree is hacker-free

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Hyundai consortium wins $1.7bn Saudi gas project contract

Hyundai Engineering has secured a super-large gas plant construction contract worth 2 trillion won ($1.7 billion) from Saudi Arabia’s state-run oil company Aramco. The scope of work includes building facilities for processing gas and sulphur recovery.

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Retail & Wholesale

Store Makers sets up retail interior powerhouse for Middle East

The Store Makers in the Middle East is set to bring three strong brands under one roof starting from January 1. The new entity aims to be a powerhouse for retail interiors in the region with its substantial manufacturing capacities and retail expertise.

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Energy, Oil & Gas

Aramco awards $10bn EPC contracts for big Saudi gasfield

Energy giant Aramco has awarded subsurface and EPC contracts worth $10 billion for the vast Jafurah field development, the largest non-associated gas field in Saudi Arabia. Its overall lifecycle investment at Jafurah is likely to exceed $100 billion.

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Finance & Capital Market

Batelco unveils first digital financial super app in Bahrain

Bahrain's telco firm Batelco has announced the launch of its new Beyon Money brand, said to be the first digital financial super app in the kingdom. It comes in line with Batelco's strategy to move beyond its core business and venture into the world of Fi

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Analysis, Interviews, Opinions

What makes Colombia the next ecotourism hotspot

Tourism is one of the growing economic sectors of Colombia; it managed to attract millions of visitors to the country, thanks to its welcoming people, numerous festivals, creative culture, and biodiversity.

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Industry, Logistics & Shipping

Al Masaood Group seals three deals with global companies

Al Masaood Group closed three separate major deals with leading global firms at the recently concluded Abu Dhabi International Petroleum Exhibition and Conference (Adipec), making it its biggest and most successful participation yet.

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Travel, Tourism & Hospitality

Millennium signs deal to operate Copthorne Al Basateen Jeddah

Millennium Hotels and Resorts MEA, one of the fastest-growing hotel management companies in the region, has signed a new hotel management agreement for Millennium Hotels and Resorts MEA - Copthorne Al Basateen Jeddah Hotel.

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Lifestyle

All 40 'Lamborghini villas' in Dubai Hills Estate sold out

A key residential project from master developer Emaar, featuring standalone multi-tiered villas at Dubai Hills, has been fully sold out. These units, inspired by Automobili Lamborghini, mark the Italian auto giant's first move into the real estate arena.

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Motoring

BMW Concept XM – going beyond conventions

BMW M GmbH is presenting an expressive new vehicle concept on the global stage for the first time – the BMW Concept XM – at Art Basel’s 2021 Miami Beach show. It will be the most powerful BMW M car ever to go into series production.

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Health & Environment

GFH buys US medical offices portfolio; assets top $400m

GFH Financial Group has acquired $200 million worth of medical offices portfolio in the US comprising 11 assets and 400,000 sq ft of space. With this deal, the Bahrain-based group's total healthcare portfolio in the US has surged to over $400 million.

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Media & Promotion

KNCC opens new 13-screen cinema in Kuwait mall

Kuwait National Cinema Company (KNCC) has announced the official opening of a 13-screen cinema in the capital city’s newest retail destination, Assima Mall. The Cinescape boasts more than 1,300 seats across two floors offering upscale auditoriums.

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