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LINKING SOHAR PORT TO UAE
Etihad Rail sets up new $3bn Oman railway network JV
Oman Rail has signed an agreement with UAE rail network developer Etihad Rail to set up a joint venture company at a total investment of $3 billion that will design, develop and operate a railway network connecting Sohar Port to the Emirati rail network.
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ENERGY, WATER KEY AREAS
ADQ, OIA identify $8bn investment opportunities in Oman
ADQ, an Abu Dhabi-based investment and holding company, and Oman Investment Authority (OIA) have identified preliminary investment opportunities worth over AED30 billion ($8.17 billion) in new projects within Oman.
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CABINET REVAMP
Crown Prince Mohammed bin Salman named Saudi PM
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia has issued Royal Order naming His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince, as the Prime Minister.
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Skills gap forces IT leaders to do more with less
Almost three quarters (73%) of senior IT leaders agree that acquiring IT talent has never been harder, and nearly all (98%) respondents say attracting IT talent influences their organisation’s technology investment choices.
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INSIGHT
Fed remains focused on inflation, more rate hikes seen
Market players are still in the process of digesting the message from the Federal Reserve, which sent the US markets lower once again yesterday.
Top Trade News
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Etihad Rail sets up new $3bn Oman railway network JV
Oman Rail has signed an agreement with UAE rail network developer Etihad Rail to set up a joint venture company at a total investment of $3 billion that will design, develop and operate a railway network connecting Sohar Port to the Emirati rail network.
More…
Major renovation work gets under way at Bahrain's Sitra Mall
Bahrain Development Bank (BDB) has announced that a major renovation work has begun at Sitra Mall, a key shopping destination in the kingdom, which upon completion will see enhanced retail options and also new dine-in and drive-through restaurants.
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Nogaholding firms urged to share expertise, resources
The need to integrate efforts and expertise of operating companies of Bahrain’s Oil and Gas Holding Company (nogaholding) and share their resources to advance the strategic transformation of the oil and gas sector.
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Citi unveils Murabaha Trade, Working Capital Financing solution
Citi has announced the launch of its Murabaha Trade and Working Capital Financing solution for corporate clients in Europe, Middle East and Africa (EMEA).
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Skills gap forces IT leaders to do more with less
Almost three quarters (73%) of senior IT leaders agree that acquiring IT talent has never been harder, and nearly all (98%) respondents say attracting IT talent influences their organisation’s technology investment choices.
More…
Wilo Middle East presents latest smart solutions at Wetex
Wilo Middle East, one of the region’s leading manufacturers of pumps and water management solutions, is presenting its latest smart solutions to educate the region on emerging pump technologies at the 24th edition of Wetex.
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Saudi tourism sector logs 121% surge; fastest in G20
Saudi Arabia’s tourism sector has recorded extraordinary +121% increase from pre-pandemic international tourism levels as recognised by the UNWTO Tourism Barometer, making the kingdom the fastest growing tourism destination in the G20.
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Neom Tech & Digital Company steps into future as ‘Tonomus’
Neom Tech & Digital Company, the first firm to be set up as a full-fledged subsidiary of Neom, has launched as ‘Tonomus,’ signalling the next stage in its growth trajectory as a cognitive multinational conglomerate.
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Abu Dhabi, Dubai join forces at Monaco Yacht Show
Abu Dhabi and Dubai have joined forces to position and promote the UAE as a leading superyacht destination at this year's Monaco Yacht Show.
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Rarest Ferrari 288 GTO Evoluzione on Sotheby’s Sealed platform
RM Private Sales is offering the Ferrari 288 GTO Evoluzione, amongst the rarest of all Ferrari super cars and the ultimate iteration of the 288 GTO platform , on its Sotheby’s Sealed platform.
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Saudi Arabia reduces tuberculosis infections by 21pc in 7 years
Saudi Arabia’s national programme to combat tuberculosis has been able to reduce the rate of infections by 21% during 2022 compared to 2015, the Saudi Ministry of Health stated.
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Saudi launches innovative flag for people with hearing disabilities
Saudi Arabia's King Salman Center for Disability Research has announced the launch of a 'wearable flag' - that enables people with hearing disabilities to experience the national anthem. It come on a day when the kingdom marks its 92nd National Day.
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Evolving demands of 1.5m students to be addressed at GESS
GESS (Global Educational Supplies and Solutions) Dubai will address the growing and evolving demands of the 1.5 million students in the GCC.
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Last-minute sales phase starts for World Cup Qatar tickets
Football fans who have not yet secured their seats for FIFA World Cup Qatar 2022 will have an opportunity to do so with the start of the last-minute sales phase today (September 27) at 11 am CET / 12 pm local time.
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