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TRANSPORT, FINANCE TOP SECTORS
Abu Dhabi's real GDP growth up 4.5% on big non-oil boost
Abu Dhabi recorded a real GDP growth of 4.5% year-on-year in Q3, thus marking the fastest pace of expansion in the emirate since Q4 2022. The growth was driven primarily by the non-oil sector which grew 6.6% y-o-y and 5.9% year-to-date, said a report.
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HIGH-QUALITY CONCENTRATES
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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25% GROWTH IN TOURISTS
Qatar visitor numbers top 5m; tourism spend hits $10.9bn
The in-destination tourism spend in Qatar surged by 38% in 2024 to QAR40 billion ($10.97 billion), while the total international visitor numbers crossed five million for the first time.
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Spanish group Ayesa wins PMC contract for big Aramco stadium
Spanish engineering group Ayesa has secured the project management consultancy (PMC) contract for the new 47,000-seat Aramco Stadium in Al Khobar. Set for completion in 2026, it will boast cutting-edge sports and leisure facilities as well as retail areas
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Chemist Warehouse launches Leo Messi perfume in Dubai
Australia’s leading retailer Chemist Warehouse has announced the launch of Leo Messi Eau De Parfum - a fragrance inspired by the legendary Argentinian footballer - at its flagship UAE store, now open at Al Ghurair Centre in Dubai.
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Bahrain officially launches giant Bapco Modernization Project
Bahrain has announced the official inauguration of the Bapco Modernization Project under the patronage of HM King Hamad and Crown Prince HRH Salman bin Hamad Al Khalifa. The kingdom's giant project comprised 21 new processing units and 15 substations.
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Abu Dhabi's real GDP growth up 4.5% on big non-oil boost
Abu Dhabi recorded a real GDP growth of 4.5% year-on-year in Q3, thus marking the fastest pace of expansion in the emirate since Q4 2022. The growth was driven primarily by the non-oil sector which grew 6.6% y-o-y and 5.9% year-to-date, said a report.
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The top 5 electric vehicle trends to watch for in 2025
The UAE’s electric vehicle (EV) market is poised for significant transformation in 2025, underpinned by government initiatives, surging consumer demand, and rapid advancements in infrastructure.
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DP World kicks off maritime work at $1.2bn port in Senegal
DP World has announced that it has begun maritime construction work at the new Port of Ndayane in Senegal being set up at a $1.2 billion investment in collaboration with British International Investment, the development finance agency of UK government.
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Sheraton opens newly-revamped hotel in Bahrain
Sheraton Bahrain Hotel, a premium property in the kingdom, has opened its doors after undergoing extensive renovations and a complete transformation. The hotel boasts 210 modern guest rooms and suites as well as an impressive 2,002 sq m meeting space.
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Diriyah completes SAP private cloud solutions deployment
Diriyah Company, the developer behind Saudi Arabia’s 14-sq-km landmark cultural and lifestyle destination, has announced its successful deployment of SAP Private Cloud Solutions, marking a significant milestone in its digital transformation journey.
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Saudi Red Sea issues new licences to boost marine tourism
The Saudi Red Sea Authority has announced that it has issued 12 new licences for tourism shipping agents, cruise ship operators as well as marine tourism construction and operators, in addition to technical licences for recreational marine activities.
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Ram 1500 reigns as MotorTrend 2025 Truck of the Year
MotorTrend has named the Ram 1500 its 2025 Truck of the Year after weeks of testing, as editors of the automotive publication awarded high scores to the truck in every category of the competitive testing process.
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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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Turkish Airlines sets world record with flights to 120 countries
National flag carrier Turkish Airlines has announced that it has set a Guinness world record with flights to 120 countries, reflecting only the active routes of the past 12 months. It won the title for the 'Most Countries Flown to by an Airline.'
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Alba inks strategic partnership deal with Indian group Comvision
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has sealed a strategic partnership with Indian group Comvision to help boost its inventory management and tracking systems through implementation of cutting-edge technology.
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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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