Thursday 23 January 2025

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SHIPMENTS TO GROW 17% in 2025
50% of vehicles sold will be EVs by 2030, predicts Gartner

More than 50% of all vehicle models marketed by automakers will be electric vehicles (EVs) by 2030, according to a Gartner report.

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CENTRE OF EXCELLENCE WITH IBM
Salesforce to set up new regional HQ in Riyadh

Salesforce, a leader in AI CRM, today announced plans to expand its presence in Saudi Arabia with a new regional headquarters in Riyadh.

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2

FOCUS ON TOURIST JOURNEY
KSA on track to welcome 70m foreign tourists by 2030

Saudi Arabia is on track to welcome 70 million tourists annually by 2030, aiming to rank among the top seven global tourist destinations, said Minister of Tourism Ahmed Al Khateeb.

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3

ANALYSIS
Trump Tariffs: risky gamble or clever negotiation tactic?

US President Donald Trump’s day-one delay on tariffs is no retreat — it’s a power play, and the stakes are sky-high, warns the CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organisations.

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4

SPOTLIGHT
Inauguration of a new chapter in sustainable investing

If recent developments spell the end of early, overly-simplistic approaches to ESG investing, their end should not be mourned for too long; rather, they should be replaced with more sophisticated approaches, writes Thomas Hohne-Sparborth.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Sobha Realty posts record $6.26bn sales in 2024

Sobha Realty, a leading global luxury real estate developer, posted record 2024 sales of AED23 billion ($6.26 billion), underscoring the growing demand for its luxurious developments, the company said.

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Retail & Wholesale

Air France unveils signature fragrance by Kurkdjian

National flag carrier Air France has teamed up with master perfumer Francis Kurkdjian to launch its signature home fragrance, AF001. This home fragrance will gradually be introduced at the entrance to certain Air France lounges at Paris-Charles de Gaulle.

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Energy, Oil & Gas

Adnoc Gas signs $10bn gas deal with EWEC

Adnoc Gas has signed a $10 billion 10-year flexible natural gas sales and purchase agreement with Emirates Water and Electricity Company (EWEC) to support the UAE's energy transformation, marking a significant strategic partnership.

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Finance & Capital Market

UAE banking assets climb 1.3% to $1.19trillion in October

The Central Bank of the UAE has revealed that the country's gross banking assets, including bankers’ acceptances, increased 1.3% from AED4.4 trillion ($1.198 trillion) at the end of September 2024 to exceed AED4.456 trillion at the end of October 2024.

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Analysis, Interviews, Opinions

Trump Tariffs: risky gamble or clever negotiation tactic?

US President Donald Trump’s day-one delay on tariffs is no retreat — it’s a power play, and the stakes are sky-high, warns the CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organisations.

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Travel, Tourism & Hospitality

Global tourism recovers to pre-Covid levels; Mideast strongest

An estimated 1.4 billion tourists travelled internationally in 2024, indicating a virtual recovery (99%) of pre-pandemic levels, according to a UN Tourism report. The Middle East (95 million arrivals) remained the strongest-performing region.

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Lifestyle

Sunset Hospitality to open MOOD Bahrain, Cairo in Q2

Sunset Hospitality Group (SHG) is introducing two new MOOD venues: MOOD Bahrain and MOOD Cairo. MOOD Bahrain will open in Q2 at the Royal Saray Resort in the Seef District, while MOOD Cairo will open on the rooftop of Omar Elkhayam Boat in Zamalek.

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Motoring

Changan to invest $2.9bn in flying car development

Changan Automobile recently set a new milestone in its efforts to lead innovation and development in emerging industries by signing a partnership agreement with EHang Holdings to research and develop flying-car related products.

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Health & Environment

Tanzania confirms outbreak of Marburg virus

Tanzania has confirmed an outbreak of Marburg virus disease in the northwestern Kagera region after one case tested positive for the virus following investigations and laboratory analysis of suspected cases of the disease.

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Media & Promotion

MassiveMusic provides sonic identity for Aroya Cruises

MassiveMusic Dubai, a Songtradr company and the Middle East’s leading music creative agency, has delivered an award-winning music and sound identity for Saudi Arabia’s Aroya Cruises.

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Education, HR & Training

Sony Alpha Festival to empower creative community

Sony Alpha Festival 2025, an exclusive event for photographers, videographers, and content creators in the UAE, will take place on January 18 in Dubai and on Janaury 25 in Abu Dhabi, Sony Middle East and Africa has announced.

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Miscellaneous

Dubai named 'world’s cleanest city' for fifth year

Dubai has once again secured the top position globally for city cleanliness, according to the latest Global Power City Index (GPCI) report issued by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan.

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