Wednesday 29 November 2023

Saudi Arabia wins bid to host World Expo 2030

Saudi Arabia was chosen as the host country of World Expo 2030 during the 173rd General Assembly of Bureau International des Expositions (BIE) on Tuesday (November 28).   A two-thirds majority of member states voted for Saudi Arabia’s project to host World


Abu Dhabi tech research council launches new AI company

Abu Dhabi’s Advanced Technology Research Council has launches a new AI company - AI71- that will pioneer decentralised data control for companies and countries.    The entity builds on the Technology Innovation Institute’s (TII) Falcon generativ


Dubai Taxi Company ups IPO shares for retail investors

  Dubai Taxi Company (DTC) today (November 28) announced an increase in the number of shares offered in the UAE retail offer of its IPO owing to significant oversubscription.   Following the approval of the Securities and Exchange A


Aster splits India, GCC units; sells strategic stake for $1bn

Aster DM Healthcare, one of the largest integrated healthcare providers in GCC and India, said it has secured approval from its company board as well as that of its subsidiary Affinity Holdings Private Limited to separate the India and GCC businesses into two distinct and standalone entities.


Reynaers Aluminium unveils cutting-edge solutions at Saudi event

Reynaers Middle East (RME) has collaborated with Saudi-based Al Zuhour Aluminum Factory to showcase its cutting-edge aluminum systems and solutions at the Cidex 2023 trade fair in Dhahran which runs till November 30.   RME is a subsidiary of the leading European


Vulcan breaks ground on key Oman green hydrogen steel plant

Vulcan Green Steel, a subsidiary of Jindal Shadid Steel Group, has broken ground on its integrated green hydrogen steel factory at the Special Economic Zone at Duqm (Sezad) in Oman. The project is set for completion by 2026.   With an investment of u


Invest Qatar in tie-up to support talent development

The Investment Promotion Agency Qatar (Invest Qatar) has partnered with the Ministry of Labour to nurture talents and develop a high-skilled workforce through joint initiatives between the public and private sectors.    This partnership complements the nati


DAE maintains industry-leading Sustainalytics ESG risk rating

Dubai Aerospace Enterprise (DAE) Ltd, a global aviation services company, has completed its annual review with Morningstar Sustainalytics.    DAE’s ESG Risk Rating has been assessed as ‘Low Risk’, with a score of 12.5. This represents the


Dubai family business centre unveils upskilling programme

The Dubai Centre for Family Businesses, which operates under the umbrella of Dubai Chambers, has launched a new upskilling initiative help develop the next generation of managers within family businesses.    Developed in cooperation with PwC Middle East, th


Food consumption in the GCC ‘to grow at a steady pace’

Food consumption in the region will grow at a CAGR of 2.8% to reach 56.2 million MT by 2027, says UAE-based investment banking advisory firm, Alpen Capital in its latest GCC Food Industry report.    The vegetables food category is expected to surpass the gr

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