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TOP STARTUPS HONOURED
KACST to set up Quantum Valley with major firms
King Abdulaziz City for Science and Technology (KACST) is working with Aramco and Saudi Data & AI Authority (SDAIA) on establishing a Quantum Valley by leveraging partnerships with major quantum companies such as IBM and Pasqal.
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GROUP SEES UNCERTAINTY
Opec cuts 2025 oil demand growth due to US tariffs
The global oil demand growth forecast for 2025 is revised down slightly to 1.3 mb/d, y-o-y, according to the Opec Monthly Oil Market Report (MOMR) – April 2025.
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4.2pc GROWTH SEEN TILL 2034
Travel, tourism sector accounts for 11.4pc to Gulf's GDP
The GCC-Stat's latest data indicates that the travel and tourism sector contributed about 11.4 per cent to the Gulf's GDP by the end of 2024, worth $247.1 billion.
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SPOTLIGHT
Cyber resilience: challenges and opportunities
Technological advancements, international collaboration, and workforce transformation are key to ensuring global cyber resilience and a secure cyberspace, according to the latest insights report published by the Global Cybersecurity Forum (GCF).
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INSIGHT
US and China headed for currency war: warns deVere CEO
Trump’s tariff-led trade war is pushing the world’s two largest economies toward a new front: a currency war — one that will be gradual, deliberate, and globally disruptive, warns the CEO of global financial advisory giant, deVere Group.
Top Trade News
 | Industry Sectors |
Palma unveils new private retreat at $1.3bn Serenia District
Palma Development has unveiled a new residential clubhouse at its AED5 billion ($1.36 billion) Serenia District project in Jumeirah Islands, Dubai. The 100,000-sq-ft Serenia Signature Clubhouse is a four-level space with high-end amenities.
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UAE-based e-commerce firm Quiqup launches Saudi operations
Quiqup, a UAE-based e-commerce logistics provider, has launched its core fulfillment and delivery services in Saudi Arabia, marking a major milestone in its regional expansion.
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OSW, OPES to highlight Oman’s leadership in sustainability
Oman Sustainability Week (OSW) and Oman Petroleum & Energy Show (OPES) are set to take place from May 11 to 15, 2025, at the Oman Convention and Exhibition Centre (OCEC).
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Visa enables money transfers by mobile number in Bahrain
Visa, a global leader in digital payments, has introduced Visa+ service in Bahrain, allowing users to send money to Visa cardholders within GCC using only recipient’s mobile number.
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Cyber resilience: challenges and opportunities
Technological advancements, international collaboration, and workforce transformation are key to ensuring global cyber resilience and a secure cyberspace, according to the latest insights report published by the Global Cybersecurity Forum (GCF).
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Saudi EV brand CEER reaches 1,500 employees milestone
CEER, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer (OEM), has achieved a significant milestone on its journey to building the automotive industry in the Kingdom: reaching 1,500 employees.
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Oman Air to launch flights to Amsterdam on July 1
Oman Air has announced the launch of fights between Muscat and Amsterdam, marking the airline’s 11th destination in Europe.
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Trend Micro launches North Gulf hub in Qatar
Trend Micro, a global leader in cybersecurity solutions, has officially inaugurated its new office in Qatar, establishing it as the strategic hub for its North Gulf operations.
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Mideast sports market set for 8.7% growth, says report
Driven by significant investments in premium sports properties and infrastructure, alongside initiatives to develop local talent, the Middle East’s sports market is projected to grow at an impressive 8.7% over the next three to five years, said a report.
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Expert warns on low-quality car care products entering KSA market
A motoring industry expert has outlined the need for more consumer education as an influx of cheap, low-quality car care products is impacting the industry in Saudi Arabia.
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Salma Hayek named Merz Aesthetics brand ambassador
Merz Aesthetics, a leading medical aesthetics business, has announced world-renowned actress, director and producer, Salma Hayek Pinault, as the first-ever global brand ambassador for its advanced micro-focused ultrasound platform - Ultherapy PRIME.
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Jennifer Lopez to perform in Abu Dhabi in July
Jennifer Lopez, a Pop icon, is returning to the UAE on Tuesday, July 29 at Etihad Arena on Yas Island as part of her Up All Night: Live tour, presented by Ethara.
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New maritime training academy to open in Dubai
Octanta Maritime Training Academy, a next-generation maritime education institution, is set to open its doors on April 24 in Dubai.
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ADFD wins Abdul Latif Al Hamad Award for Bahrain Airport expansion
Abu Dhabi Fund for Development (ADFD) has been awarded the Abdul Latif Yousef Al Hamad Development Award for the Best Development Project in the Arab World 2024 for its role in supporting the expansion and modernisation of Bahrain International Airport.
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