Thursday 19 May 2022

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$3.4bn FINANCING, INCENTIVES
Lucid set to start work on Saudi EV factory

Lucid Group, setting new standards with the longest-range, fastest-charging electric car on the market, has set the stage for the construction of its AMP-2, a world-class production factory in Saudi Arabia with the hosting of a ceremonial signing event.

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1

MOVE TO CREATE NEW ASSETS
Dubai’s Museum of the Future, Binance to launch NFTs

Dubai's Museum of the Future has entered into a collaboration with Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain and cryptocurrency infrastructure provider.

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2

LISTING ON ADX
Adnoc plans IPO for 10% of petchem JV Borouge

Abu Dhabi National Oil Company (Adnoc), together with its partner Borealis AG, plans to float 10 percent of Borouge, their petrochemicals joint venture, on the Abu Dhabi Securities Exchange (ADX) through an initial public offering (IPO).

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3

SPOTLIGHT
3Ds set to transform energy and resources sector: report

The next decade will witness some of the most exciting and transformative years in the energy and resources industry’s history, says Arthur D Little (ADL) in a report, highlighting three key trends - Decarbonisation, Decentralisation and Digitization.

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4

FOCUS
Five key trends reshaping today’s workplace

Companies need new team norms for hybrid work to meet employee expectations. From when to go to the office to why work in the first place, employees have a new “worth it” equation, says a Microsoft study.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Dubai’s branded residences market posts solid growth

Dubai’s branded residential development sector continues to flourish, even rivalling top markets Miami and New York, spurred by investor demand for fully integrated service offering, complete with personalised concierge service in a landmark setting.

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Retail & Wholesale

Smile or wave to pay at store check-out

No more fumbling for your phone or hunting for your wallet when you have your hands full – the next generation of in-person payments will only need a quick smile or wave of your hand, says Mastercard.

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Energy, Oil & Gas

GE unveils next-generation 3MW onshore wind turbine

GE Renewable Energy has announced Sierra, its newest 3.0-3.4MW turbine platform featuring a 140-meter rotor onshore wind turbine and offered with a variety of hub heights, including a <500-feet option.

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Finance & Capital Market

Alpha Dhabi to invest $2.5bn in key fund

Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the UAE, has made a AED9.2 billion ($2.504 billion) commitment to invest in Chimera Capital and Alpha Wave’s landmark ‘Alpha Wave Ventures II’ venture fund which was announced

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Analysis, Interviews, Opinions

3Ds set to transform energy and resources sector: report

The next decade will witness some of the most exciting and transformative years in the energy and resources industry’s history, says Arthur D Little (ADL) in a report, highlighting three key trends - Decarbonisation, Decentralisation and Digitization.

More…
Industry, Logistics & Shipping

EGA site recertified to Aluminium Stewardship Initiative

Emirates Global Aluminium (EGA) today announced that its Al Taweelah site has been recertified to the Aluminium Stewardship Initiative’s Performance Standard for its sustainability performance.

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Travel, Tourism & Hospitality

Four Seasons Hotel Alexandria opens 22 beach villas

Four Seasons Hotel Alexandria at San Stefano, Egypt has announced the opening of 22 new luxurious beach villas in time for the 2022 summer season gives visitors another reason to make the city their destination of choice.

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Lifestyle

Phoenix celebrates record sale of Emirates Hills villa

Phoenix Homes has announced the record sale of a AED102.8 million ($28 million) villa at Emirates Hills development in Dubai. A sprawling mansion with a BUA of 20,000 sq ft, it boasts five big bedrooms, a private cinema, swimming pool and a golf course.

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Motoring

Lucid set to start work on Saudi EV factory

Lucid Group, setting new standards with the longest-range, fastest-charging electric car on the market, has set the stage for the construction of its AMP-2, a world-class production factory in Saudi Arabia with the hosting of a ceremonial signing event.

More…
Health & Environment

Net zero needs 'consistent, coordinated and positive action'

Financial institutions that specialise or focus their climate-related efforts too narrowly can see much more rapid diminishing returns on their efforts compared to those with a more systemic perspective, says a research.

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Media & Promotion

Dubai’s Museum of the Future, Binance to launch NFTs

Dubai's Museum of the Future has entered into a collaboration with Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain and cryptocurrency infrastructure provider.

More…
Education, HR & Training
Miscellaneous

26 Arab companies show prowess at APAS exhibition in Brazil

Some 26 firms from the Arab World have showcased their products at Arab Brazilian Chamber of Commerce (ABCC) stands at the APAS exhibition, the largest food, beverage and supermarket trade show in Latin America.

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