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SAUDI ARABIA TOP IMPORTER
Bahrain’s national-origin exports up 18% to $1.8bn in Q1
The value of Bahrain’s exports of national origin increased by 18% to BD684 million ($1.8 billion) during the first quarter (Q1) 2021, compared to BD580 million for Q1 of the previous year, marking a 17.9% increase, a report said.
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KEY GAS TURBINES DEPLOYED
GE launches operations at new 500MW power plant in Iraq
GE Gas Power has announced the opening of the Samawa Power Plant in the Iraqi governorate of Al Muthanna. For the first phase of the project, it had deployed four 9E gas turbines, thus helping the facility to generate 500 MW in simple cycle operations.
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FOCUS ON WEALTH CENTRES
Citi to close retail banking in Bahrain, India, China
Citigroup has said it will close retail banking operations in 13 countries across Asia and parts of Europe, including Bahrain, to focus more on wealth management outside the US.
Top Trade News
 | Industry Sectors |
L&T unit wins contract for two 132/11kV substations in Dubai
India's top engineering and construction firm Larsen & Toubro (L&T) said one of its key subsidiaries, Power Transmission and Distribution, has secured orders to design and construct two 132/11kV substations in Dubai, UAE.
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Redtag partners with Samsung for Ramadan raffle
Redtag, the region’s favourite homegrown value fashion and homeware brand, has partnered with Samsung to launch a special Ramadan bonanza raffle, to wow and delight its customers over the festive month.
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Petchem projects to drive Saudi oil, gas sector by 2025
Petrochemical projects are likely to drive upcoming projects across the oil and gas value chain in Saudi Arabia, accounting for 61 per cent of the total projects expected to start operations over the next five years, said a report.
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GSB launches new wealth management service
GSB Capital, a provider of wealth management and financial guardianship solutions, has launched a new wealth management offering in Dubai as part of its plans to deliver tailored solutions for private and corporate clients.
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Vaccination drive to spur faster growth in GCC
While the IMF has predicted GDP growth in Mena to pick up to 4% this year, the growth is not expected to be even across the region and GCC could see an accelerated growth due to its strong vaccination programmes, says an industry expert.
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Saudia Cargo enters into digital partnership with cargo.one
Saudia Cargo and leading e-booking platform cargo.one have entered into a distribution agreement to provide customers across the board with first class digital booking experience.
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Gulf Air to resume direct flights to Istanbul from May 11
Bahrain's national carrier Gulf Air has announced plans to resume its direct operations to Istanbul airport in Turkey from hits hub in Manama with two weekly flights starting from May 11.
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Cisco Secure unveils passwordless future
Cisco Secure, the leader in enterprise security, today unveiled the future of simple and effective security with infrastructure agnostic, passwordless authentication by Duo Security.
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Hyundai Motor’s Staria MPV debuts
Hyundai Motor Company has officially launched its new Staria multi-purpose vehicle (MPV) lineup via a digital world premiere, establishing a model for its future Purpose Built Vehicles (PBVs).
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Dubai RTA, Cruise sign pact to operate self-driving taxis
Dubai’s Roads and Transport Authority (RTA) and Cruise, a leading US-based autonomous vehicle company, have signed an agreement as part of which Cruise will operate self-driving taxis and ride-hailing services in the emirate.
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Chapman Taylor wins Qatar hospital design contract
Chapman Taylor, a global architect and masterplanner, said it has been signed up by UCC Holding to develop the design for the façade of a new hospital in Qatar. A 250-bed facility, View Hospital, will come up on a 95,000-sq-m area in Al Qutaifiya.
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Dubai company plans collection of Strongman NFTs
Dubai-based, global sport event company, CoreSports has announced that it will be diversifying to be the first-ever company to create non-fungible tokens (NFTs) for the Strongman sport, under its World’s Ultimate Strongman brand.
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Pearson Middle East expands portfolio
Pearson Middle East, the world’s leading learning company has introduced a series of three new courses to address the demand for skilled professionals in the UAE.
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MBRSC teams up with Japan’s ispace on Emirates Lunar Mission
The Mohammed Bin Rashid Space Centre (MBRSC) has signed a contract with Japan’s ispace, under which the latter will provide payload delivery services for the ambitious Emirates Lunar Mission.
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