Sunday 8 December 2024

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PRISONERS FREED
Syria rebels take Damascus, Assad reign ends

Syrian rebel forces claimed that they have captured capital Damascus and have ended Bashar Al-Assad's 24-year authoritarian rule.

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6,550km WALKWAY NETWORK
Dubai approves masterplan for pedestrian-friendly city

Dubai government has approved its visionary initiative - Dubai Walk Master Plan - aimed at turning it into a pedestrian-friendly city. Spanning a 6,500-km network of walkways across the emirate, it involves development of 110 pedestrian bridges by 2040.

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PREPARATION FOR FLIGHTS
Air taxis: Abu Dhabi stakeholders, Archer enter deal

Archer Aviation has entered into a multi-party collaboration agreement with key UAE and Abu Dhabi entities to advance the establishment of electric air taxi operations in Abu Dhabi.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Worley JV lands bp's gas project contract in Oman

Worley, a leading Australian engineering, consulting and project delivery company, has announced that its joint venture with Omani group STS has secured a three-year contract extension to provide EPC services to bp’s major gas assets in the sultanate.

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Retail & Wholesale

Indian jewellery brand Tanishq unveils flagship store in Dubai

Tanishq, one of the leading jewellery brands in India, has announced the opening of its flagship boutique in the Dubai Gold Souk Extension. Spanning a 5,000 sq ft area, the outlet, its 13th in GCC, is the brand’s largest showroom in the UAE.

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Energy, Oil & Gas

Adnoc signs 15-year sales deal with Petronas for key LNG project

Adnoc has announced the signing of a 15-year sales and purchase agreement for the lower-carbon Ruwais LNG project with Malaysia’s Petronas. The deliveries are likely to begin in 2028 upon commencement of its commercial operations at the Abu Dhabi plant.

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Finance & Capital Market

Abu Dhabi Hub71 startups secure $1.9bn in funding

Abu Dhabi's global tech ecosystem Hub71 has annnounced that startups being hosted by it have secured over AED7 billion ($1.9 billion) in funding. The Hub71 hosts over 300 startups from across the globe and has forged 150 deals to support these firms.

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Analysis, Interviews, Opinions

AI growth will depend upon ‘infrastructure modernisation’

Businesses must adopt cloud-native infrastructure, which includes powerful computing, high-performance network and storage, container and data management systems, to meet the growing demands of AI.

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Industry, Logistics & Shipping

ADIO inks major deals to advance Abu Dhabi’s manufacturing sector

The Abu Dhabi Investment Office (ADIO) said it has signed a series of collaborative agreements to explore manufacturing opportunities within the emirate, in line with the UAE capital’s commitment to sustainable growth and economic diversification.

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Travel, Tourism & Hospitality

Saudi Arabia ranks third in 9-month global tourist arrivals

The Kingdom of Saudi Arabia has been ranked third globally in terms of international tourist arrivals, thus registering an over 61% growth in the first eight to nine months of 2024 compared to the same period in 2019, according to UN Tourism.

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IT & Telecommunications

LogRhythm | Exabeam launches regional office in Riyadh

LogRhythm | Exabeam, a global cybersecurity leader that delivers AI-driven security operations, has expanded its investment in Saudi Arabia (KSA) with the opening of its regional office in Riyadh.

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Lifestyle

Cruise ship Aroya gets grand welcome in its homeport Jeddah

Cruise Saudi, a PIF portfolio company, hosted a grand ceremony to welcome the first Arabian cruiseliner, Aroya, in its homeport Jeddah ahead of its maiden voyage. Aroya will depart Jeddah next week on a three-night journey across the Red Sea.

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Motoring

GMC Middle East reveals the new bold GMC Yukon

GMC Middle East has revealed the new GMC Yukon in the UAE’s capital, Abu Dhabi, a bold new chapter in the vehicle’s legacy, combining unmatched performance, bold design and advanced technology.

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Health & Environment

Johns Hopkins Aramco Healthcare facility opens at Spark

King Salman Energy Park (Spark) has announced the opening of a new clinic with Johns Hopkins Aramco Healthcare (JHAH) within its premises. The facility provides comprehensive medical services to support SPARK tenants, employees and partners.

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Media & Promotion

Serial entrepreneur launches 'smart canteens' concept in KSA

Serial entrepreneur Eugen Brikcius has launched lechef - a Saudi foodtech startup with a first-in-the-region concept that offers easy access to workplace catering featuring fresh, healthy and grab-and-go meals through tech-driven smart fridges.

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Education, HR & Training

Nature-based solutions to create 32m new jobs by 2030: UN

Investing in nature-based solutions could create up to 32 million new jobs by 2030, according to a new report by International Labour Organisation (ILO). The greatest gain would be in Africa, Latin America and Arab States hitting 13 million jobs by 2030.

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