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RUSSIA OUTPUT CUT RETALIATION
Oil prices may surge to $380 a barrel, warns JP Morgan
Amid ongoing geopolitical tensions and skyrocketing energy rates, global oil prices may hit $380 a barrel if US and European curbs compel Russia to inflict retaliatory crude output cuts, Bloomberg reported, citing analysts at JPMorgan Chase & Company.
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EUROP ASSISTANCE MIDEAST FORAY
Generali unit buys big stake in Bahrain group Gulf Assist
Europ Assistance, a unit of top Italian insurer, Generali Group, has announced that it has acquired 75% stake in Bahrain-based group Gulf Assist from Mapfre Asistencia. Gulf Assist, which also owns Arab Assist in Jordan, has a commercial unit in Dubai.
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CARBON NEUTRAL FACILITY
TRSDC partners with Dayim to set up PMV operational hub
The Red Sea Development Company (TRSDC) has announced that it has partnered with Dayim Equipment Rental, a full-service plant, machinery and vehicle provider, to set up a carbon-neutral, on-site operational hub for The Red Sea project.
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SPOTLIGHT
What do Gen Z travellers seek - an insight
The inclination to travel in the next 12 months is at its highest among 18–24-year-olds - the Gen Z, says a YouGov study.
Top Trade News
 | Industry Sectors |
Edamah seeks bids to develop key mixed-use projects in Bahrain
Bahrain Real Estate Investment (Edamah) is inviting bids for the development of a 20,717-sq-m plot at Hidd for a mixed-use investment project. The land is located near new Bahrain waterfront developments such as Diyar Al Muharraq and Dilmunia.
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Ashrafs opens new Sony showroom at Bahrain City Centre
Ashrafs Bahrain, a key shopping destination in the kingdom, is showcasing a wide range of Sony products at its new electronics showroom in Bahrain City Centre. It aims to offer Sony fans, including movie buffs and gamers, a truly immersive experience.
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Oil prices may surge to $380 a barrel, warns JP Morgan
Amid ongoing geopolitical tensions and skyrocketing energy rates, global oil prices may hit $380 a barrel if US and European curbs compel Russia to inflict retaliatory crude output cuts, Bloomberg reported, citing analysts at JPMorgan Chase & Company.
More…
Generali unit buys big stake in Bahrain group Gulf Assist
Europ Assistance, a unit of top Italian insurer, Generali Group, has announced that it has acquired 75% stake in Bahrain-based group Gulf Assist from Mapfre Asistencia. Gulf Assist, which also owns Arab Assist in Jordan, has a commercial unit in Dubai.
More…
5 ways cybercriminals steal credit card details
Although the cybercrime underground is a well-oiled machine worth trillions of dollars annually, there are also lots one can do to keep them at arm’s length.
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DMCC posts solid H1 growth, new firms up 19pc
DMCC, a key flagship free zone in Dubai, has reported its best ever performance for H1 registering 1,469 new companies in the first six months of 2022, up 19% over last year. The growth was mainly driven by strong commodities trade performance.
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Gulf Air launches leadership development programme
Gulf Air, the national carrier of Bahrain, recently welcomed the first batch for “The Pioneers” Leadership Development Programme, launched with the goal of building future leaders through a strong learning culture.
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JLW secures contract to build data centre in Masdar City
Emirates Development Bank (EDB) has signed up JLW Middle East for the development of a 60MW data centre in Masdar City, Abu Dhabi. The scope of work includes turnkey design, engineering, procurement, installation and commissioning of the data centre.
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Mémoire Jewellery makes mark at the Jewels of Emirates Show
UAE’s Mémoire Jewellery made its mark on its debut appearance at the Jewels of Emirates Show, drawing a large number of visitors to a showcase of hundreds of pieces of ornaments, diamonds and gold jewellery.
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Tesla Model 3 to join Dubai Taxi fleet on trial basis
Dubai’s Roads and Transport Authority (RTA) has announced that Tesla Model 3 had been added to Dubai Taxi Corporation’s taxi fleet on a trial basis, following the huge success of operating 172 Tesla vehicles in the limousine service since 2017.
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Dihad, Axios team up to provide medical supplies globally
Dihad Sustainable Humanitarian Foundation has signed a deal with Axios International to assist those in need of medicines globally as part of the Forevercare initiative.
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Motorcity and Chery celebrate partnership with Malaeb
Motorcity, the exclusive distributor of Chery vehicles, has celebrated its partnership with Malaeb, one of the fastest-growing SportsTech start-ups in Bahrain, for the first season of the in-person Fantast League.
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Tasees, Asmed launch pre-incubation program for startups
Tasees, Khimji Ramdas Eshraqa’s Entrepreneurship Academy (EEA) and the Authority for Small and Medium Enterprises Development (Asmed) kicked off the fourth edition of the former’s Pre-incubation Program for startups.
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1,031 Tawal ICT towers serving Hajj pilgrims this year
Tawal, the leading Saudi ICT Infrastructure company, has completed its preparations for this year's Hajj, with 31 new towers to join more than 1,000 towers set up to enable its clients from telecom operators serve pilgrims.
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