Wednesday 30 April 2025

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POWERING LOGISTICS HUBS
GWC plans major solar energy projects in Qatar

Gulf Warehousing Company (GWC) has announced the launch of one of the GCC’s largest private solar energy projects - supercharging its sustainability efforts and cementing its role as a trailblazer in green logistics.

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1

RECORD DEVELOPMENT BACKLOG
Aldar Properties profit before tax jumps 33% to $599m

Aldar Properties has reported a 33% year-on-year increase in profit before tax to AED2.2 billion ($599 million) for the first quarter of 2025, with net profit after tax rising by 22% year-on-year to AED1.9 billion.

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2

CHINA JV WINS CONTRACT
Diriyah awards $1.13bn deal to relocate KSU facilities

Diriyah Company has awarded a $1.13 billion (SAR4.225 billion) construction contract to relocate the existing utilities and administration offices of King Saud University (KSU) within the Diriyah masterplan.

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3

OPINION
Investors have every reason to cheer - despite tariff chaos

From fresh tariffs and fracturing alliances to recession warnings, the headlines scream turmoil. But for investors willing to tune out the noise and focus on the underlying data, there are solid reasons to stay positive, said an financial expert.

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4

ANALYSIS
$22bn on table - Are GCC utilities ready to seize the opportunity?

The GCC utilities sector has the potential to cut operational costs by 30% through a mix of short-term tactical actions and key changes to how utilities operate, said a report. This can generate $22 billion in savings over the next decade, said a report.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate
Retail & Wholesale

Dubai Holding opens new mixed-use lifestyle hub at Nad Al Sheba

Dubai Holding Asset Management, a key player in the retail sector, has announced the official opening of Nad Al Sheba Mall, a mixed-use lifestyle destination featuring a selection of over 100 stores spanning fitness, retail, entertainment and F&B.

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Energy, Oil & Gas

Digital innovations will revolutionise energy, other sectors: report

The transformative impact of emerging technologies, particularly AI, is projected to generate an annual economic value of $11 trillion to $18 trillion, by revolutionising industries such as energy, logistics and manufacturing, according to a new report.

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Finance & Capital Market

Oman projects 3.4% economic growth for 2025

Oman’s GDP is expected to grow by 3.4% this year, outperforming many global economies, said Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.

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Analysis, Interviews, Opinions

Investors have every reason to cheer - despite tariff chaos

From fresh tariffs and fracturing alliances to recession warnings, the headlines scream turmoil. But for investors willing to tune out the noise and focus on the underlying data, there are solid reasons to stay positive, said an financial expert.

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Industry, Logistics & Shipping
Travel, Tourism & Hospitality

Experts at ATM say business events boost socio-economic growth

On the opening day of Arabian Travel Market (ATM), UAE tourism leaders and representatives from ICCA and IAPCO discussed how major events and festivals are driving socio-economic growth in the UAE, gathered on the Business Events Stage.

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IT & Telecommunications

DFF, Google Cloud launch strategic AI upskilling initiative

Dubai Future Foundation and Google Cloud have announced a strategic upskilling initiative aimed at deepening the applied expertise of AI leaders and fast-track the emirate’s ambitions in line with Dubai Universal Blueprint for Artificial Intelligence.

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Lifestyle

ORA unveils key coastal community project on Abu Dhabi-Dubai border

ORA Developers has unveiled Bayn, a 4.8 million-sq-m coastal community project on Abu Dhabi-Dubai border featuring a 1.2-km private beachfront, a marina, lagoons and a business park. The first phase, comprising 464 residences, is set for 2028 handover.

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Motoring

Abu Dhabi expands RoboTaxi service with Autogo, Apollo Go

Abu Dhabi's Integrated Transport Centre (Abu Dhabi Mobility) has expanded the Autonomous RoboTaxi service trials in collaboration with Autogo, a specialist in autonomous mobility solutions and a subsidiary of Kintsugi Holding.

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Health & Environment

Novo Nordisk in deal to produce weight loss drug in KSA

Novo Nordisk, a leading global healthcare company, has signed a deal with Lifera, a biopharma company owned by the Saudi sovereign wealth fund PIF, to pursue the localisation of the manufacturing of semaglutide GLP-1 treatments in the kingdom.

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Media & Promotion

Boursa Kuwait, MEIRA host strategic IR workshops

Boursa Kuwait recently held two high-impact workshops in collaboration with the Middle East Investor Relations Association (MEIRA), bringing together capital market professionals, corporate leaders and IR experts for a day of insightful discussions.

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Miscellaneous

Global project management experts set for major Saudi forum

Leading project management experts and industry leaders will be in Riyadh next month for the Global Project Management Forum 2025, where they will explore how emerging tech and agile practices are reshaping the future of project delivery across sectors.

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