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BIG ECONOMIES WARN RETALIATION
Trump stokes global trade war as world reels from US tariff shock
Global markets slumped on Thursday after President Donald Trump announced a major round of tariffs on US imports. The world’s biggest economies reacted swiftly to this, a significant escalation of trade tensions with US and some warned of retaliation.
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1GW GAS TURBINE PROJECT
Taqa, Ewec, Masdar in deal to develop $9.8bn energy projects
Abu Dhabi's Taqa has joined hands with Emirates Water and Electricity and Masdar for the development of energy infrastructure projects worth AED36 billion ($9.8 billion). The project scope includes construction of a 1GW gas turbine project at Al Dhafra.
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PREMIUM EPCI SERVICES
Saipem lands $720m Mideast, Guyana offshore contracts
Saipem, a leader in the engineering and construction sector, said it has secured offshore contracts worth $720 million in the Middle East and Guyana. The scope of work involves provision of engineering, procurement, construction and installation service.
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ANALYSIS
Global markets brace for impact amid new US auto tariffs
European markets and US stock futures are trading lower, a key development largely attributed to President Donald Trump's 25% tariff plan on imported cars and light trucks. The automotive sector is at the forefront of investor concerns, said experts.
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ANALYSIS
UAE economy resilient amid global trade war, says expert
As uncertainty lingers over the transition from trade wars to trade deals with the US, global economic confidence remains shaken. However, UAE’s economy remains resilient thanks to stable investment climate and strong global ties.
Top Trade News
 | Industry Sectors |
Qatari Diar unveils waterfront townhouses at Downtown Lusail
Qatari Diar Real Estate Investment has announced the launch of its upscale waterfront townhouses at The Seef located in the heart of Lusail’s waterfront district. It provides freehold ownership and residency, making it an attractive option for expats.
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Paul Smith enters Mideast market with new Saudi store
British design company Paul Smith has announced its foray into the regional retail market with the opening of its new store in Saudi Arabia. It is located at the Solitaire, a luxurious retail, lifestyle and entertainment destination in capital Riyadh.
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Russian scientists develop new catalyst to boost heavy oil production
Russian scientists at Kazan Federal University have developed a new catalyst based on iron, nickel, cobalt, chromium, and copper to enhance the extraction of highly viscous heavy oil. It has been tested in field conditions at a well in the Samara region.
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Benefit revolutionises digital gifting with new innovative feature
Benefit, a leader in fintech sector, has unveiled a new feature within its BenefitPay app, enhancing the digital gifting experience for users. The Hadeya enables users to seamlessly send gift cards with a designated monetary value to family and friends.
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UAE economy resilient amid global trade war, says expert
As uncertainty lingers over the transition from trade wars to trade deals with the US, global economic confidence remains shaken. However, UAE’s economy remains resilient thanks to stable investment climate and strong global ties.
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Agility posts solid results for 2024; revenue soars to $5bn
Agility, a supply chain services, infrastructure and innovation company based in Kuwait, has delivered solid results for FY 2024 with its revenue soaring to hit KD1.53 billion ($5 billion), while its net profit stood at KD63 million ($204 million).
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flydubai resumes direct flights to Italian city Pisa
UAE budget carrier flydubai has announced that it has resumed direct flights to the Italian city of Pisa from its hub - Dubai International Airport. It will operate three flights a week to the popular European holiday destination starting from April 1.
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EY-Parthenon eyes $250m investment in AI-powered Edge platforms
EY-Parthenon, a key unit of accounting firm EY and major player in the private equity and M&A sector, is set to make a $250 million investment in its artificial intelligence (AI)-powered Edge platforms working with Microsoft and vendors including OpenAI.
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Jacob & Co. unveils first World Is Yours Salman Khan watch
Jacob & Co., the globally renowned high jewellery, high watchmaking brand, has launched a limited edition in 'The World Is Yours Dual Time Zone' collection, created in collaboration with Bollywood superstar and style icon of Indian cinema Salman Khan.
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All-new Audi A5 arrives in Saudi Arabia
Audi Saudi Arabia has welcomed the new Audi A5 and S5 models to the region. Embodying sophisticated design, exhilarating performance, and cutting-edge technology, the Audi A5 lineup represents a bold evolution from the iconic A4 nameplate.
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Saudi communities creating greener, more sustainable kingdom
Communities across Saudi Arabia are driving meaningful environmental change through initiatives ranging from sustainable neighbourhoods to nature reserves, demonstrating the power of local action in fulfilling the kingdom's green ambition, said experts.
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Indian diaspora world’s biggest at 35.4m, says report
The world’s largest diaspora is now made up of Indians which stands at 35.4 million globally, said a report citing a minister. Of this, around 15.9 million are non-resident Indians (NRIs) and 19.5 million are persons of Indian origin (PIOs).
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Vatel partners with Hawar resort to provide training for Bahraini youth
Vatel Hotel & Tourism Business School has forged a partnership with Hawar Resort by Mantis, a pioneering eco-luxury establishment located on the Unesco heritage site of Hawar Island, Bahrain, to provide hands-on training opportunities to local students.
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Myanmar quake toll likely to hit 3,000 as many still missing
The death toll from the powerful earthquake in Myanmar has risen to 2,719, with 4,521 people injured and 441 reported missing. United Nations officials, who surveyed earthquake damage in Myanmar warned that the death toll is expected to surpass 3,000.
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