Monday 17 June 2024

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TOURIST NUMBERS SWELL TO 285m
Global tourism revenues top $1.5 trillion

Around 285 million tourists travelled internationally in the first quarter of 2024, 20% more than the same period of last year, while international tourism receipts grew back to $1.5 trillion in 2023, according to UN Tourism data.

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25m PASSENGER CAPACITY
$653m Sharjah airport expansion on track for 2027 completion

Work is moving at a steady pace on Sharjah Airport Passenger Terminal Expansion Project being implemented at an investment of AED2.4 billion ($653 million). Once completed, it will boost the airport's capacity to 25 million passengers per annum in 2027.

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2

RICE, OIL SEEDS PRODUCTION UP
Global food import bill in 2024 set to hit over $2 trillion: FAO

The global food import bill this year is likely to surge by 2.5% to hit over $2 trillion driven by favourable macroeconomic conditions including steady economic growth, and lower food commodity prices, according to UN's Food and Agriculture Organization.

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3

SPOTLIGHT
Turning offices into attractive workspaces

By focusing on technology, design, and culture, IT managers can transform offices into vibrant, productive hubs that draw employees in and foster a thriving work environment.

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4

INSIGHT
Why land degradation needs urgent global action

Land degradation requires immediate and concerted action from stakeholders across the world, a leading environmentalist has said, in light of the World Environment Day marked on June 5 – a major outreach programme of the United Nations.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Shapoorji Pallonji wins Expo City Dubai's residential tower contract

Expo City Dubai has awarded the main contract for its three-tower development, Mangrove Residences, to Indian construction and engineering group Shapoorji Pallonji. The project, which features a total of 450 apartments, will be ready by early 2026.

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Retail & Wholesale
Energy, Oil & Gas

India's Haldia Petchem seals naphtha supply deal with QatarEnergy

India-based Haldia Petrochemicals has announced that it has signed a strategic agreement with QatarEnergy under which the GCC group will supply two million tonnes of naphtha through its Singaporean unit HPL Global over the next ten years.

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Finance & Capital Market

KSA needs to sustain non-oil growth momentum: IMF staff

Saudi Arabia needs to sustain the non-oil growth momentum, maintain financial sector stability, continue mitigating risks of overheating, reverse declining total factor productivity and ensure inter-generational equity.

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Analysis, Interviews, Opinions
Industry, Logistics & Shipping

Swiss food group NUOS to set up production plant in Abu Dhabi

Major Swiss alternative protein innovation specialist NUOS has entered into a deal with Agwa, the newly-launched food and water cluster in Abu Dhabi, for setting up the world's leading alternative production facility with a 1 million tonne capacity.

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Travel, Tourism & Hospitality

$653m Sharjah airport expansion on track for 2027 completion

Work is moving at a steady pace on Sharjah Airport Passenger Terminal Expansion Project being implemented at an investment of AED2.4 billion ($653 million). Once completed, it will boost the airport's capacity to 25 million passengers per annum in 2027.

More…
IT & Telecommunications
Lifestyle

Bayanat, Imkan team up for smart mobility infrastructure at SHA Island

Bayanat, a key provider of AI-powered geospatial and smart mobility solutions, has joined hands with Abu Dhabi-based Imkan Properties for the development of a smart mobility infrastructure project on SHA Island Emirates at AlJurf within the UAE capital.

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Motoring

UD Trucks launches drive to boost Egypt, Kenya sales

UD Trucks, a leading Japanese commercial vehicle solutions provider, kicked off its Brand Day events in Egypt and Kenya, fresh off a record-breaking 2023 in Middle East, East and North Africa (Meena) driven by solid sales growth across all segments.

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Health & Environment

Red Sea Global starts work on Turtle Bay Hospital

Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and Amaala, said work has begun on its new hospital project within Turtle Bay area on the Red Sea following the approval of the project design by Ministry of Health.

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Media & Promotion

G-7 agrees to launch action plan over AI impact on labour

The heads of the Group of Seven (G7) major powers said in a joint statement Friday that they will launch a global action plan to deal with the positive and negative impacts of artificial intelligence (AI) on employment, said a report.

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Education, HR & Training
Miscellaneous

Global food import bill in 2024 set to hit over $2 trillion: FAO

The global food import bill this year is likely to surge by 2.5% to hit over $2 trillion driven by favourable macroeconomic conditions including steady economic growth, and lower food commodity prices, according to UN's Food and Agriculture Organization.

More…

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