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2000MW CAPACITY BY 2029
Damac unit in big US data market expansion with $20bn investment
Dubai-based developer Damac has announced that its digital infrastructure company Edgnex is entering the US data centre market in a big way with an initial $20 billion investment and a plan to potentially double this amount based on future demand.
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DEFYING GLOBAL TRENDS
UAE consumer spending to increase 13% this year
The UAE is poised for a significant 13% net increase in consumer spending intentions for 2025, marking the highest growth globally.
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ZAMIL INVESTMENT PART OF DEAL
The Arab Energy Fund-led consortium buys Metito Utilities
The Arab Energy Fund (formerly Apicorp), a multilateral impact financial institution focused on Mena energy sector, has successfully led a consortium to acquire 100% stake in Metito Utilities, a global developer of sustainable water management solutions.
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FOCUS
Manufacturing trends 2025: Navigating challenges with AI, sustainability
The global manufacturing industry is at a pivotal juncture going into 2025. Rapid technological advancements, climate change, and intensifying cybersecurity threats demand urgent, strategic solutions.
Top Trade News
 | Industry Sectors |
Omrania lands Diriyah Boulevard District consultancy contract
Diriyah Company, a leading Saudi mixed-use developer, has awarded a contract worth SAR426 million ($114 million) to Omrania, a subsidiary of Egis Group, for providing architectural construction and design services for its Boulevard District project.
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Samsung Vision AI delivers personalised, intuitive screens
Samsung Electronics Co on Monday unveiled Samsung Vision AI at the CES 2025 First Look event, delivering personal AI-powered screens to enrich everyday life.
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Baker Hughes lands Woodside Louisiana LNG project deal
Baker Hughes, an energy technology company, has secured an order from Bechtel Energy for the supply of liquefaction equipment at two major plants of Woodside Energy in North America. The LNG project, in its first phase, will boast a capacity of 11 MTPA.
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Global Climate Finance Centre meeting to focus on future of climate finance
The Global Climate Finance Centre (GCFC) will hold its inaugural annual meeting on January 13 at the Abu Dhabi Global Market (ADGM) during Abu Dhabi Sustainability Week (ADSW).
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Manufacturing trends 2025: Navigating challenges with AI, sustainability
The global manufacturing industry is at a pivotal juncture going into 2025. Rapid technological advancements, climate change, and intensifying cybersecurity threats demand urgent, strategic solutions.
More…
Oman resumes copper exports after a 30-year hiatus
In a landmark achievement for the Oman's mining sector, Minerals Development Oman (MDO) has announced the export of the first shipment of copper concentrates from the Lasail Mine in the Wilayat of Sohar.
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Jeddah airport receives record 49.1m passengers in 2024
King Abdulaziz International Airport in Jeddah achieved a major milestone in 2024, recording the highest annual operational figure in Saudi airports history.
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Microsoft plans to invest $80bn in AI data centres
Microsoft plans to invest $80 billion in the expansion of data centres for artificial intelligence (AI) this financial year - with over half of that to be invested in US, said a report. The current fiscal year for Microsoft runs until the end of June.
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Oak View, Ethara take over Zayed Sports City operations
Oak View Group (OVG), a global sports and entertainment company and Ethara, a major entertainment, sport and event management group, have taken over the operations of Zayed Sports City, an iconic venue for sport and entertainment in Abu Dhabi.
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Amakin breaks ground on multi-storey car park in Bahrain
Bahrain Car Parks Company (Amakin) has announced the groundbreaking of its key multi-storey car-park facility as part of Phase II of Sa’ada Project. With a 21,000-sq-m built-up area, Amakin-Pearls will feature over 400 parking lots for visitors.
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Tarshid teams up with Irada for Saudi green hospital project
Saudi national energy services company Tarshid has announced that it has partnered with Al Amal Mental Health Hospital (Irada) for an energy efficiency project targeting 19 of the buildings within its medical complex in AlQurayyat region of the kingdom.
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Bahrain beats Oman to clinch 26th Gulf Cup
Bahrain’s national football team won the 26th Gulf Cup defeating Oman 2-1 in the finals at Jaber Al Ahmad stadium in Kuwait. This marks the kingdom’s second Gulf Cup title, showcasing a determined and inspiring performance throughout the tournament.
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Bahrain's King issues decree amending Labour Fund rule
Bahrain's HM King Hamad has ratified and issued a new law aimed at boosting job opportunities for its citizens by limiting Labour Fund's support to Bahraini-owned enterprises and improving the skills, productivity and competitiveness of local workforce.
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Forbes Middle East Women’s Summit honours Dalia Khorshid
Forbes Middle East Women’s Summit, held in Riyadh, Saudi Arabia, has honoured Dalia Khorshid, Group CEO of Beltone Holding, for her exceptional contributions to the investment sector and her leadership.
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