Monday 4 July 2022

0

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.

more…

1

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.

more…

2

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.

more…

3

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.

more…

Top Trade News

icondown

Industry Sectors

Construction & Real Estate

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.

More…
Retail & Wholesale

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.

More…
Energy, Oil & Gas

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…
Finance & Capital Market

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…
Analysis, Interviews, Opinions
Industry, Logistics & Shipping

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.

More…
Travel, Tourism & Hospitality

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.

More…
IT & Telecommunications

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.

More…
Lifestyle

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.

More…
Motoring

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.

More…
Media & Promotion

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.

More…
Education, HR & Training

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.

More…
Miscellaneous

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.

More…
Live rates widget is provided by DailyForex.com - Forex Reviews and News

calendarCalendar of Events



Weather

MANAMA WEATHER
ABU DHABI WEATHER
DUBAI WEATHER
RIYADH WEATHER
OMAN WEATHER
KUWAIT WEATHER
QATAR WEATHER

Trade Arabia on Twitter


TradeArabia on Facebook