Wednesday 20 October 2021

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MIXED-USE DESTINATION
Dubai Investments plans $272m resort on RAK's Al Marjan Island

Dubai Investments, a leading diversified investment company, has signed a deal with Marjan to open a mixed-use beachfront resort and residential development worth of AED1 billion ($272 million) on Al Marjan Island in Ras Al Khaimah, UAE.

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1

SAUDI ARABIA BIGGEST IMPORTER
Bahrain-origin exports surge 76pc to top $3bn in Q3

The value of Bahrain’s exports of national origin increased by 76% to BD1.174 billion ($3.09 billion) during the third quarter (Q3) of 2021, compared to BD669 million during Q3 2020, said the Information & eGovernment Authority (iGA).

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2

PIF's THE RIG. IN GULF
Saudi launches first offshore platform tourism project

Saudi Arabia's Public Investment Fund (PIF) has announced the launch of 'The Rig.', the world’s first tourism destination on offshore platforms.

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3

ANALYSIS
Transport disruptors ready with new innovative 15-minute city, all electric Hyperloop plan

Global transport disruptors will be in Dubai next month for an event at Expo 2020 where they will share their vision on how people will travel and move goods in future with innovative concepts like Fifteen-Minute City and All-electric Hyperloop.

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Top Trade News

icondown

Industry Sectors

Retail & Wholesale

Redtag unveils Myriam Fares 'inspired' winter collection

Redtag, one of the favourite homegrown value fashion brands in the Middle East, has launched a new fashion collection for Winter 2021, which has been endorsed by Lebanese pop icon and Queen of Stage, Myriam Fares.

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Energy, Oil & Gas

Technip Energies wins India’s largest PEM based hydrogen project

Technip Energies has been awarded an Engineering, Procurement, Construction and Commissioning (EPCC) contract by NTPC for its Proton Exchange Membrane (PEM) based hydrogen generation plant project at Vindhyachal, Madhya Pradesh, India.

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Finance & Capital Market

Etihad Credit Insurance seals partnership with SkyPower

UAE's federal export credit company Etihad Credit Insurance (ECI) said it has entered into a strategic sustainability partnership with SkyPower, one of the largest developers and owners of utility-scale solar (PV) energy projects in the world.

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Analysis, Interviews, Opinions

$84trn AUM captured by net zero initiatives: Barclays

A total $84 trillion of assets under management (AUM) is now captured by net zero commitments of the AUM of signatories to the three largest net zero initiatives, said Barclays in a new report.

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Industry, Logistics & Shipping

Sabic, WEF partner to step up low-carbon initiative

Sabic has entered an agreement with the World Economic Forum (WEF) and other global chemical sector companies targeted at formalizing the low-carbon emitting technologies (LCET) initiative into a stand-alone entity by 2023.

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Travel, Tourism & Hospitality

Lebanon’s iconic restaurant Barbar makes its Dubai debut

Popular Lebanese dining institution Barbar has arrived in Dubai, bringing its authentic taste of Beirut. For more than 40 years, Barbar’s doors remained open even during Lebanon’s toughest times and this commitment will continue in Dubai, it stated.

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IT & Telecommunications

Toshiba to display surveillance, storage solutions at Gitex

Japanese multinational conglomerate Toshiba is set to display its new range of data storage products including the 18TB MG09 Series HDDs and Kioxia (formerly Toshiba memory) Nand Flash memory products at the Gitex 2021 in Dubai.

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Lifestyle

Carnival Brunch returns to Sheraton JBR

Sheraton Jumeirah Beach Resort, Dubai, recently announced the return of its Carnival Brunch. The revamped brunch features a plethora of exciting new features such as live cooking stations, live entertainment and kid’s activities.

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Motoring

IoT-based LED transmits vehicle breakdown warnings

Trackimo, one of the world’s leading IoT (Internet of Things) solution providers has launched a unique V16 emergency LED flashlight for vehicles that alerts its surroundings when in distress at the ongoing Gitex Global in Dubai.

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Media & Promotion

13 French companies to exhibit at Cabsat

Some 13 French companies will present the future of video platforms and digital interactions during the three days of Cabsat from October 26 to 28, 2021 at the Dubai World Trade Centre.

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Education, HR & Training
Miscellaneous

Tamdeen opens largest indoor go-karting track at Kuwait mall

Kuwait's leading developer Tamdeen Group has announced the launch of the region's largest indoor multi-storey go-karting track at its key retail destination - Al Kout Mall. The Q8 Karting track with its various facilities covers a 5,380-sq-m area.

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