Friday 21 June 2024

UAE's real GDP to rise 4.1pc in 2025, says World Bank report

The UAE’s real GDP is projected to grow by 3.9% in 2024 and expand 4.1% in 2025, according to the World Bank’s latest Global Economic Prospects report.   In April 2024, the World Bank raised its forecast for real GDP growth in the UAE to 3.9 percent


Edge and Adani Defence & Aerospace sign agreement

Edge, one of the world’s leading advanced technology and defence groups, has signed a milestone cooperation agreement with Adani Defence & Aerospace, one of the leading defence and aerospace companies of India.   The agreement aims to establish a globa


DHL Express opens $218m logistics hub expansion in Bahrain

In a significant milestone for Bahrain’s logistics sector, DHL Express has unveiled a €218-million expansion of its Middle East and North Africa (MENA) hub at the Bahrain International Airport. Shaikh Salman bin Khalifa Al Khalifa, Bahrain’s Minister of Finance and Nat


AAC breaks ground on parts centre in Dubai Industrial City

Arabian Automobiles Company (AAC) has claunched construction of a parts distribution centre that will serve as a hub for industry innovation and excellence at Dubai Industrial City.   The project’s groundbreaking ceremony at Dubai Industrial City, par


Expo Centre Sharjah to host electric vehicle show

More than 100 global brands are expected to take part in a major electric vehicle industry show in Sharjah next year. Expo Centre Sharjah (ECS) has signed a partnership agreement with MIE Events to launch the Middle East Electric Vehicle Show (MEEVS) in 2025 at the Centre. The


Sultan Al Jaber elected chairman of big data analytics firm Presight

Presight, the region’s leading big data analytics company powered by generative artificial intelligence, today (June 10) announced the election of Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of Adnoc, as the chairman.


Al Daaysi in deal to set up FMCG facility at Bahrain Logistics Zone

Bahrain Logistics Zone, which is regulated and managed by the Ports and Maritime Affairs at the Ministry of Transportation and Telecommunications, has signed a contract with Al Daaysi Holding for renting of over 8,400 sq m plot within the key development, reported BNA. &


Saudi Arabia records biggest gain in mining investment risk mitigation

Saudi Arabia has been acknowledged for its exceptional mining investment environment in the latest annual assessment of mining investment risks from MineHutte and Mining Journal Intelligence, according to the Ministry of Industry and Mineral Resources.  


Registration opened for Sharjah Excellence Award 2024

The Sharjah Chamber of Commerce and Industry (SCCI) has announced that registration for the new cycle of the Sharjah Excellence Award (Cycle 2024) is now open, with applications being accepted online until the end of December 2024.   Held under the patronage of


Nabeel Khalid Kanoo elected Chairman of BAS board

Bahrain Airport Services (BAS), a pioneer in the aviation sector in Bahrain, has announced the formation of its new Board of Directors under the chairmanship of Nabeel Khalid Kanoo.   The board comprises a distinguished group of prominent names in the sector, in

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