Monday 25 September 2023

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SIX DEVELOPMENT ZONES
Soudah Peaks luxury mountain destination plans launched

The masterplan to develop Saudi Arabia's Soudah and parts of Rijal Almaa into Soudah Peaks – a luxury mountain tourism destination set 3,015 m above sea level was launched on Monday by HRH Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

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1

DRIVING NEW INITIATIVES
Benefit acquires Bahrain Fintech Bay

Benefit, Bahrain's leading company in Fintech and electronic financial transactions services, has signed an agreement to acquire Bahrain FinTech Bay (BFB), a leading fintech hub in the region that incubates impactful and scalable initiatives.

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2

GHANDOUR TO RETAIN ROLE
Alpha Dhabi takes majority stake in Metito Holdings

Alpha Dhabi Holding, a leading investment company in the UAE, has acquired a majority stake in Metito Holdings, a global leader in the water and wastewater industry. This transaction marks Alpha Dhabi’s entry into the water and wastewater domain.

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3

INSIGHT
Offshore wind industry needs ‘responsible development’

The offshore wind industry is poised for growth, but economic pressures and technological innovation need to be managed, says Allianz Commercial in its new report.

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4

INSIGHT
Sustainable tourism journey: Much more to be done

Bain & Company recently launched a report highlighting the increasing demand for sustainable tourism among leisure travellers across the globe. However, it says the travel and tourism sector must make more efforts to protect the environment.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Acciona energises Jubail 3B desalination plant

Acciona, a global leader in renewable energy and water, along with its consortium partner Sepco 3, has started up the Jubail 3B desalination plant, energising the facility by switching on the power transformers and its downstream switchgears.

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Retail & Wholesale

LG steps launches Inverter Single Package in Qatar

LG Electronics recently announced that its Inverter Single Package solution, the 25RT heat pump, will officially be available in Qatar, as a part of the brand’s regional expansion strategy.

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Energy, Oil & Gas

Leaders to address fast-tracking energy transition at Adipec 2023

Adipec 2023 will bring together over 40 ministers and 120 global energy industry executives to showcase progress, share strategies, and develop innovative solutions for decarbonisation and the energy transition.

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Finance & Capital Market

Benefit acquires Bahrain Fintech Bay

Benefit, Bahrain's leading company in Fintech and electronic financial transactions services, has signed an agreement to acquire Bahrain FinTech Bay (BFB), a leading fintech hub in the region that incubates impactful and scalable initiatives.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

72pc of Mena SMEs eye similar or increased revenue in 2023

Small and medium enterprises (SMEs) in the Middle East and North Africa (Mena) are optimistic about 2023 revenue projections with 72% of SMEs projecting similar or increased revenue in the next 12 months.

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Travel, Tourism & Hospitality

Soudah Peaks luxury mountain destination plans launched

The masterplan to develop Saudi Arabia's Soudah and parts of Rijal Almaa into Soudah Peaks – a luxury mountain tourism destination set 3,015 m above sea level was launched on Monday by HRH Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

More…
IT & Telecommunications

YK Almoayyed & Sons to support Reboot01 coding institute

In a move to bolster Bahrain's tech ecosystem, YK Almoayyed & Sons, one of the kingdom's esteemed business conglomerates, has announced a two-year corporate alliance with Reboot01, the first-of-its-kind on-campus coding institute in the kingdom.

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Health & Environment

Young Arabs will boycott brands that damage environment: survey

More than half of Arab youth are ready to support calls to boycott brands that damage the environment, rising to about two-thirds of youth in the GCC states followed by North Africa and the Levantine nations.

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Education, HR & Training

YK Almoayyed & Sons to support Reboot01 coding institute

In a move to bolster Bahrain's tech ecosystem, YK Almoayyed & Sons, one of the kingdom's esteemed business conglomerates, has announced a two-year corporate alliance with Reboot01, the first-of-its-kind on-campus coding institute in the kingdom.

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Miscellaneous

Want to be a minister? Sheikh Mohammed offers a chance

His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the UAE and the Ruler of Dubai, has surprised everyone by extending a unique opportunity for a young leader to become a minister in the UAE Cabinet.

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