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CAPITAL INVESTMENT BOOST
Mumtalakat, CYVN in deal to explore McLaren partnership
Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, said it has entered into a non-binding agreement with Abu Dhabi-based CYVN Holdings to explore a potential partnership to accelerate the next chapter of auto giant McLaren’s growth.
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840,000 sq m GATEWAY TO RED SEA
NEOM announces opening of Saudi luxury resort hub Sindalah
NEOM, the developer of the Saudi futuristic city, has announced the opening of Sindalah, a 840,000-sq-m luxury resort destination on Red Sea. Strategically located, it will serve as NEOM's gateway providing easy access for European and GCC yacht owners.
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LIMITED DAMAGE, SAYS TEHRAN
Region tense as Israel strikes prime Iranian military targets
Israel struck military sites in Iran early today in retaliation against Tehran's strikes on its soil this month, the latest attack in the conflict between the arch rivals. However, Iran downplayed the attack stating 'limited damage' to some locations.
Top Trade News
 | Industry Sectors |
Amali Properties breaks ground on $544m ultra-luxury villa project
UAE-based Amali Properties has broken ground on its landmark AED2 billion ($544 million) luxury development - Amali Island - located within The World Islands off Dubai coast. The piling work on the exclusive 24-villa project is likely to begin in March.
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Bahraini jeweller Amal wins top accolades at Milan Jewellery Week
Bahraini jewellery designer Amal Sanad won the Best Creativity Award at Milan Jewellery Week in recognition of her ability to seamlessly blend originality and historical influences with modern creativity. She is the first Bahraini to win this accolade.
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Masdar, EDF consortia in race for $2bn Saudi solar projects
Consortiums of top utility developers including Abu Dhabi's Masdar, French group EDF as well as TotalEnergies have been shortlisted by Saudi Power Procurement Company for development of SAR8 billion ($2 billion) solar projects.
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GFH's $500m sukuk gets solid global investor response
GFH Financial Group has announced the successful pricing of a $500 million five-year sukuk, thus marking the extension of its international sukuk programme. The final orderbook closed at over $2 billion, representing an over four-fold oversubscription.
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Finding smart ways to fill skills and drive growth
Bridging the expertise gap requires more than just accessing external knowledge – it is a holistic approach that recognises the value of talent within a culture of shared growth.
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Edge and Baykar forge strategic partnership
Edge, a leading advanced technology and defence group, and Baykar, Turkiye’s global leader in unmanned aerial vehicle (UAV) and AI technology, have signed a Cooperation Agreement at SAHA Expo 2024.
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Aviation sector contributed $37bn to Dubai’s economy in 2023
Dubai’s aviation sector, comprising Emirates Group, Dubai Airports (including DXB and DWC), and other aviation sector entities are set to have contributed AED137 billion ($37 billion) to Dubai’s GDP last year, according to a study by Oxford Economist.
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Batelco to deliver smart building solutions at District Courtyard Mall
Bahrain's leading telecom company Batelco has signed an agreement with Mayflower Investment to deliver a comprehensive suite of smart building solutions, including CCTV, advanced cabling, IBS and Smart TV at its District Courtyard Mall in Hamala.
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Beautyworld Middle East to showcase ‘clean’ and ‘conscious’ brands
The 28th edition of Beautyworld Middle East 2024, one of the region’s largest international trade shows for beauty and wellness, will present brands that are changing the way the sector looks at sustainability, when it gets underway in Dubai from October
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Mumtalakat, CYVN in deal to explore McLaren partnership
Mumtalakat, the sovereign wealth fund of the Kingdom of Bahrain, said it has entered into a non-binding agreement with Abu Dhabi-based CYVN Holdings to explore a potential partnership to accelerate the next chapter of auto giant McLaren’s growth.
More…
Nikken Sekkei to showcase Gen-Next sustainable skyscrapers prototype
Japanese design firm Nikken Sekkei is set to introduce a new prototype for Next-Generation skyscrapers at the upcoming Cityscape Global in Riyadh. It is mainly aimed at creating attractive workplaces while minimising the CO2 footprint of skyscrapers.
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Pop legend to perform in Abu Dhabi in April 2025
Sting, a 17-time Grammy Award winner, will perform in Abu Dhabi, on April 3, 2025, as part of his Sting 3.0 World Tour presented by Live Nation Middle East. The band will deliver electrifying hits and rarities from the pop legend’s timeless discography.
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PIF sets up new firm to meet Saudi staff housing demand
Saudi wealth fund PIF has announced the establishment of SARCC (Smart Accommodation for Residential Complexes Company), a new entity that will meet the growing demand for accommodation solutions for both public and private projects across the kingdom.
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Water scarcity remains a significant concern in KSA: study
Some 67% of Saudi Arabia’s consumers list clean and safe water as a significant environmental concern over the next five years —up from 66% in 2023.
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