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TO MEET 15pc ELECTRICITY DEMAND
Geothermal energy investment to hit $2.5 trillion by 2050: IEA
With new technologies opening up massive potential of geothermal energy globally, the sector is poised for solid growth with its total investment likely to reach $1 trillion by 2035 and $2.5 trillion by 2050, according to International Energy Agency.
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LONG-TERM PARTNERSHIP
Saudi PIF acquires 15pc stake in London's Heathrow Airport
Saudi Arabia's sovereign wealth fund PIF has announced that it has acquired a strategic 15% stake in FGP TopCo, the holding company of London's Heathrow Airport Holdings, from Spanish infrastructure major Ferrovial and other shareholders of FGP TopCo.
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10m TEUs CAPACITY
AD Ports Group opens $845m container terminal in Abu Dhabi
AD Ports Group has announced the opening of CMA Terminals Khalifa Port, a AED3.1 billion ($845 million) container terminal with advanced port infrastructure. This addition will boost Khalifa Port’s annual container capacity by 23% to 10 million TEUs.
Top Trade News
 | Industry Sectors |
Sweid & Sweid awards JLT office tower project contract
Sweid & Sweid, a leading real estate company, has awarded the construction contract for its Grade-A office project in Jumeirah Lakes Towers to Dutco Construction. On completion, Sweid One will offer 500,000 sq ft premium office space with key amenities.
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Dolce&Gabbana launches luxury boutique, café in Diriyah
Italian luxury fashion brand Dolce&Gabbana has opened a new luxury centre at Bujairi Terrace in Diriyah, featuring a boutique and café. Drawing inspiration from Italy’s rich culinary tradition, DG Caffè features a curated menu tailored to Saudi tastes.
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TotalEnergies JV wins Oman renewable energy projects contract
TotalEnergies, a global integrated energy company, has announced that its joint venture with Oman's OQ Alternative Energy has secured a major contract from Petroleum Development Oman (PDO) to develop three renewable energy projects in the sultanate.
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Bahrain's non-oil exports value for October hits $833m
The total value of Bahrain's non-oil exports for October stood at BD316 million ($833 million) with the unwrought aluminum alloys emerging the top export product. The Kingdom of Saudi Arabia ranked first in the importers' list followed by the US and UAE.
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2025 technology predictions from Veeam Software
Year 2025 will see Ransomware-as-a-Distraction, The Rise of the Cloud Data Lakehouse as Resilience Drills take off as sovereign clouds and data portability come into existence.
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AD Ports Group opens $845m container terminal in Abu Dhabi
AD Ports Group has announced the opening of CMA Terminals Khalifa Port, a AED3.1 billion ($845 million) container terminal with advanced port infrastructure. This addition will boost Khalifa Port’s annual container capacity by 23% to 10 million TEUs.
More…
Gulf Air launches seasonal European flights for Summer 2025
Bahrain's national carrier Gulf Air has announced the launch of its seasonal flights for summer of 2025 to Nice, France, starting from May 22, and operating until September 28; and to Geneva, Switzerland, starting from June 3 to September 12.
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stc teams up with Huawei to develop Bahraini ICT talent
stc Bahrain, a digital enabler, has signed an agreement with Huawei for the fourth edition of its Technical Capacity Programme that provides comprehensive training in key ICT areas such as networking, cloud computing, cybersecurity and AI technologies.
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Arada acquires three leading UAE gym brands
Sharjah developer Arada is set to cement its leadership in the local fitness sector with the acquisition of UAE gym brands - ladies-only superclub FitnGlam, boutique exercise hub Platform Studios and the newly launched Fitcode, said a top official.
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Nissan announces senior management appointments
Nissan Motor Co has announced the appointment of a new leadership team, effective January 1.
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AI in diagnostics market size to ‘hit $8.54bn by 2033’
The global artificial intelligence in diagnostics market size was $1.61 billion in 2024 and is projected to hit around $8.54 billion by 2033, growing at a CAGR of 20.37% during the forecast period 2024 to 2033.
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Saudi Arabia gears up for Forbes Middle East Women’s Summit
The second edition of Forbes Middle East’s Women's Summit kicks off next week in Riyadh bringing together prominent leaders and influential figures from across the globe, who will celebrate the achievements of women across diverse sectors.
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stc teams up with Huawei to develop Bahraini ICT talent
stc Bahrain, a digital enabler, has signed an agreement with Huawei for the fourth edition of its Technical Capacity Programme that provides comprehensive training in key ICT areas such as networking, cloud computing, cybersecurity and AI technologies.
More…
Etihad celebrates striking CSK livery on debut Chennai flight
Etihad Airways celebrated its new Chennai Super Kings (CSK) livery as it took off on its inaugural flight from Abu Dhabi to the South Indian city of Chennai. The A320-neo was welcomed in style with a traditional water cannon salute on landing at Chennai.
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