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Qiddiya to award $2.6bn contracts for mega Saudi project
Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom's sovereign wealth fund, is set to award SR10 billion ($2.66 billion) contracts this year to speed up the construction of its mega entertainment and sports project in the capital Riyadh.
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JYSK opens fourth store in Dubai
Danish homeware retail chain, JYSK, announced today the opening of its fourth store in Dubai, UAE.
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IOC Middle East and RR Holdings sign JV
IOC Middle East FZE, Dubai and RR Holdings Ltd, Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, have signed an agreement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh.
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Mideast wealth funds 'must rethink post-Covid-19 strategies'
The current strategies of the sovereign wealth funds in the Middle East post-Covid-19 recovery may be outdated and they need to relook at strategic approaches in multiple touchpoints and layers, according to a leading consultant.
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Overcoming obstacles to keep trade flowing
The present extraordinary circumstances have called for an extraordinary response across the globe. The trade finance industry has had to rapidly adapt. But what changes have banks in the Middle East been making to keep trade flowing?
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Supply-chain resilience 'vital to tackle Covid trade challenges'
Supply-chain resilience will play a pivotal role in determining whether companies engaged in global trade are able to weather the logistical challenges presented by Covid-19, said Abu Dhabi Ports in a white paper.
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Gulf Air to resume direct flights to Abu Dhabi, Dubai next week
Gulf Air, the national carrier of Bahrain, has announced that it will resume its direct Abu Dhabi and Dubai flights with scheduled operations starting from July 5.
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Cisco Webex helps customers stay connected
Cisco has announced key Webex enhancements to help customers stay remotely connected and reimagine work.
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UAE parliament approves draft law on consumer protection
The Federal National Council (FNC) approved a draft federal law on consumer protection during a virtual session chaired by Saqr Ghobash, Speaker for the FNC.
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Tesla overtakes Toyota as world's most valuable carmaker
Electric carmaker Tesla has become the world's most valuable carmaker, overtaking Japan's Toyota, after its stock hit a record high, says a BBC report.
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New partnership to create potential Covid Drug
Global Response Aid and Dr Reddy’s Laboratories have signed a deal with FujiFilm for global production and distribution of Avigan, an anti-viral drug being tested in several countries as a potential treatment for Covid-19.
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Akram Miknas publishes third book
Akram Miknas, media guru and entrepreneur, has released his third book titled ‘We Can Be Better, Never Be Silenced’.
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Injaz Bahrain to host annual Young Entrepreneur Competition virtually
Injaz Bahrain, a leading non-profit organisation focusing on youth economic empowerment, announced that its annual Young Entrepreneurs Competition will be held online for the first time in its history.
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Al Ain Water named most chosen beverage brand
Agthia Group, one of the region’s leading food and beverages companies, has been recognised in Kantar’s Brand Footprint Ranking 2020 with its Al Ain Water Brand becoming the most chosen beverage brand in the UAE.
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