Tuesday 14 January 2025

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AIRPORT SHOW TO FOCUS ON TECH
Mideast airports need $151bn for capacity expansion

The world has kept its focus firmly on the Middle East where the airlines, airports, and MROs are massively investing, as the region’s air passenger number is projected to reach 1.1 billion by 2040.

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210 LOCAISATION OPPORTUNITIES
Aramco signs 145 deals worth $9bn at iktva Forum

Aramco, one of the world’s leading integrated energy and chemicals companies, on Monday signed 145 agreements and memoranda of understanding (MoUs) valued at around $9 billion at the In-Kingdom Total Value Add (iktva) Forum & Exhibition 2025.

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ALBA TO FOCUS ON GROWTH
Alba, Ma’aden agree to discontinue merger talks

Aluminium Bahrain (Alba) and Saudi Arabian Mining Company (Ma’aden) have mutually decided to discontinue discussions on a potential combination of Alba with segments of Ma’aden’s Aluminium Strategic Business Unit.

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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.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Dubai saw 168,000 residential deals in 2024

The Dubai residential real estate sector achieved a record performance in 2024 with transactions, new supply, and average price per sq ft across most submarkets new all-time highs.

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Retail & Wholesale

Al Futtaim unveils smart lifestyle advisor Blue AI

Leading UAE business conglomerate Al Futtaim has announced the launch of Blue AI, a groundbreaking feature within the Blue Rewards app that empowers customers to interact with all their favourite brands in new and dynamic ways.

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Energy, Oil & Gas

UAE reaffirms commitment to global energy transition

Dr Amna Al Dahak, UAE Minister of Climate Change and Environment, took part in 15th IRENA Assembly in Abu Dhabi, where she emphasised UAE's commitment to accelerating global energy transition through collaboration, inclusivity, and strategic partnerships.

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Finance & Capital Market

GFH invests in Invenergy through Blackstone

GFH Financial Group (GFH) on Sunday announced an investment in Invenergy, the largest privately-held developer, owner, and operator of clean energy solutions, through investment vehicles managed by Blackstone’s infrastructure group.

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Analysis, Interviews, Opinions

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.

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Industry, Logistics & Shipping

Ducab supplies first high-voltage cables to Senegal

Ducab Group, one of the largest end-to-end solutions providers and manufacturing firms in the UAE, has further strengthened its presence in Africa with its first supply of 220kV high-voltage (HV) cables to Senegal.

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Travel, Tourism & Hospitality

SalamAir completes 89pc of its flights on time during Q4

SalamAir, Oman's low-fare airline, achieved a 4 per cent improvement in On-Time Performance (OTP) for Q4 2024, flying 4,591 flights and completing 89 per cent of them on time, surpassing the global OTP benchmark of 85 per cent on time.

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Lifestyle

Emaar Hospitality fitness unit Veo launches new branch in Dubai

Veo, a pioneering community lifestyle fitness brand from Emaar Hospitality Group, has announced the launch of its newest branch in the heart of Arabian Ranches 2. The new facility, its fourth outlet in Dubai, also has an outdoor workout space.

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Motoring

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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Health & Environment

KFSHRC, KFUPM sign MoU to address medical challenges

King Faisal Specialist Hospital & Research Centre (KFSHRC) has signed a memorandum of understanding (MoU) with King Fahd University of Petroleum and Minerals (KFUPM) to expand research collaboration and medical innovation.

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Media & Promotion

New Creators HQ in Dubai to attract 10,000 influencers

A pioneering initiative to unite content creators and industry leaders worldwide was launched in Dubai as part of the 1 Billion Followers Summit. The Creators HQ aims to attract 10,000 influencers to the UAE over the next period

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Education, HR & Training

KFSHRC, KFUPM sign MoU to address medical challenges

King Faisal Specialist Hospital & Research Centre (KFSHRC) has signed a memorandum of understanding (MoU) with King Fahd University of Petroleum and Minerals (KFUPM) to expand research collaboration and medical innovation.

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Miscellaneous

Major reforms to UAE family law – the key changes

The UAE government has announced significant amendments to its family law, aiming to enhance children's rights and provide stronger support for mothers in custody and divorce cases.

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