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Reversal of oil cuts to double GCC growth in 2025: Report
The Middle East’s economic growth is expected to see a significant acceleration to 3.7% in 2025, largely driven by the reversal of oil production cuts by Opec+, following a projected 2.1% growth in 2024, a report says.
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DXB TO PALM IN 10 MINUTES
Dubai air taxis set to take off in Q1 2026
Dubai is set to revolutionise urban transportation by introducing electric air taxis within two years as part of its Advanced Air Mobility initiatives. Powered by Joby Aviation, the first point of the four vertiports is set for operation in Q1 2026.
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SOLAR, HYDRO, CCUS TOP FOCUS
Middle East's renewable energy project investments to hit $75bn
The Middle East is on course to take $75.6 billion of investment in renewable energy projects through to 2030, said a new report by Energy Industries Council. These investments involve 116 renewable energy projects set to come on stream between 2025-30.
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INSIGHT
Technology 'set to transform hospitality, tourism in a big way'
The region’s hospitality and tourism industry is checking into tech in a big way. From revolutionising the guest experience to smart energy management systems, innovation today is the key to the industry’s success of tomorrow – and beyond.
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INSIGHT
Automation professionals are 'integrating AI into their work'
2024 is the year of integration and usage of AI, with 90% of automation professionals using or planning to use AI within the coming year.
Top Trade News
 | Industry Sectors |
Meraas awards $231m Bvlgari Lighthouse contract
Meraas, a member of Dubai Holding Real Estate, has awarded an AED850 million ($231.42 million) contract for the construction of the Bvlgari Lighthouse on Jumeira Bay Island to Dutco Construction Co.
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Kiara Jewellery announces opening of fifth boutique in Dubai
Kiara Jewellery, a leading UAE group, has announced the opening of its fifth boutique outlet in Dubai’s Meena Bazar thus offering customers an exquisite collection of gold jewellery. The outlet was inaugurated by Bollywood star Tamannaah Bhatia.
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JV to build mega supercap energy storage facility in Abu Dhabi
Dubai-based supercap energy storage manufacturer Enercap Holdings and Abu Dhabi based Apex Investments, have formed a joint venture to build 16GWh per year manufacturing capacity of supercap energy storage.
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GFH and FII Institute extend strategic partnership
GFH Financial Group (GFH), a leading financial institution headquartered in Bahrain, and FII Institute, a global non-profit foundation, have extended their strategic partnership by three years.
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Digital investments propel leading consumer goods firms
The clear link between technology leadership and business performance is undeniable as leading consumer goods companies continue to use advanced technology to outperform peers.
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EDGE to showcase latest defence solutions at Azerbaijan expo
UAE-based EDGE, one of the world’s leading advanced technology and defence groups, will be participating for the first time at the 5th Azerbaijan International Defence Exhibition that will take place from September 24-26 at the Baku Expo Centre.
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Air Arabia Abu Dhabi launches home check-in service
Air Arabia Abu Dhabi has partnered with Morafiq, a leader in innovative airport services, to launch a new home check-in service for its passengers in Abu Dhabi, enabling them to check in their luggage and collect their boarding passes from their homes.
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VeraViews plans to set up its global HQ in Dubai Media City
VeraViews, a pioneering new digital advertising platform that has the potential to revolutionise the media sector in the UAE, has announced plans to establish its global headquarters in Dubai's Media City as part of the emirates' NextGen FDI programme.
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U by Emaar unveils refreshed brand identity and new promise
U by Emaar, the distinguished lifestyle loyalty programme of Emaar, has unveiled its refreshed brand identity, radiating with the new promise: "Your Way Every Day."
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New McLaren GTS launched in Middle East
McLaren Automotive unveiled the new McLaren GTS for the first time in the Middle East at an event hosted in the state-of-the-art new McLaren Abu Dhabi Service Centre.
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Sabic AN stresses role of innovation in addressing global concerns
Sabic Agri-Nutrients Company (Sabic AN) has stressed the importance of innovation in addressing global concerns like the environment and food security and taking actions to reduce the agri-nutrients industry’s carbon intensity.
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New firm set up to manage, operate ad sites in Dubai
Dubai has created the ‘Mada Media Company’ to manage and operate advertising sites in the emirate.
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Dubai unveils research scheme to boost economic sectors
Dubai has approved the launch of an initiative to provide essential funding for a range of research projects driving significant advancements in Dubai's key economic sectors.
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Aramex, Smartt AI partner to enhance operational efficiency
Aramex, a leader in logistics and transportation, has partnered with Smartt AI, a pioneering provider of end-to-end e-commerce solutions, to set new industry standards by leveraging AI-driven technology to enhance operational efficiency across the region.
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