Sunday 9 February 2025

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STRATEGIC INVESTMENTS
HP plans manufacturing facility, AI and R&D centre in KSA

HP has announced a series of strategic investments in Saudi Arabia, including the establishment of a manufacturing facility in Riyadh and an AI and R&D Centre of Excellence in Dhahran.

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SAUDI MADE PCs, SERVERS
Alat, Lenovo break ground on major new Riyadh factory

Alat, an innovative company focused on creating a world-class manufacturing hub in Saudi Arabia, and Lenovo, a global technology powerhouse, today celebrated breaking ground at the new manufacturing base in Riyadh.

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2

DIGITAL TRANSFORMATION
AMD, Aramco to explore tie-up in industrial AI deployment

AMD, a global leader in high-performance and adaptive computing, has signed an MoU with Aramco, one of the world’s leading integrated energy and chemical companies, to explore potential collaborations to help accelerate industrial AI deployment.

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3

ANALYSIS
Lessons from history as Trump’s tariffs upend markets

History could be repeating itself as the latest wave of tariffs from the Trump administration disrupts global trade, reshapes supply chains, and sends investors scrambling to reassess their strategies, warns Nigel Green, CEO of deVere Group.

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4

ANALYSIS
Goldman Sachs sees a ‘more constructive' business environment

Goldman Sachs Chairman and CEO David Solomon is optimistic about the business environment and predicts a pickup in capital markets activity this year.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

Khansaheb snaps up Dubai Exhibition Centre Phase I contract

UAE-based Khansaheb Civil Engineering has been named the main contractor for Phase One of the Dubai Exhibition Centre (DEC) expansion project at Expo City Dubai. Set for 2026 completion, it will expand the DEC's capacity to 140,000 sq m.

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Retail & Wholesale

Bahrain group Sole Corp shines at Saudi Franchise Expo

Bahraini company Sole Corp showcased 25 of its key brands at the Saudi Franchise Expo held recently in Riyadh. It also secured strategic deals at the premier three-day event, further strengthening its presence in both Saudi and international markets

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Finance & Capital Market

Tamkeen backs Singapore Gulf Bank's hiring of 70 Bahrainis

Bahrain's Labour Fund (Tamkeen) has announced its support for Singapore Gulf Bank - the digital bank backed by wealth fund Mumtalakat and Whampoa - in the employment of 70 Bahraini professionals in top positions within the financial services sector.

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Analysis, Interviews, Opinions

Lessons from history as Trump’s tariffs upend markets

History could be repeating itself as the latest wave of tariffs from the Trump administration disrupts global trade, reshapes supply chains, and sends investors scrambling to reassess their strategies, warns Nigel Green, CEO of deVere Group.

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Industry, Logistics & Shipping

Borouge eyes polyolefins plant in China

Abu Dhabi Polymers Company (Borouge) is currently considering the establishment of a specialised polyolefins production complex in China, with an annual production capacity of 1.6 million tonnes, the company's CEO has said.

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Travel, Tourism & Hospitality
IT & Telecommunications

iGA, Beyon Connect join forces to launch eKey 2.0 system

Bahrain's Information & eGovernment Authority and Beyon Connect have announced the launch of eKey 2.0, the newly upgraded system backed by a dedicated mobile application. It represents a significant leap in identity authentication and user experience.

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Lifestyle

GORD to integrate sustainable construction code into Gulf Standards

Having developed the region's first sustainable construction code, Gulf Organisation for Research & Development (GORD) - a unit of Qatari Diar - has inked a deal with GCC Standardisation Organisation for integrating it into the wider Gulf building code.

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Motoring

Ceer teams up with Italian group Sabelt for sports car seats

Saudi group Ceer has signed a SAR543 million ($145 million) partnership deal with Sabelt, a leading Italian group specialising in the design and manufacture of racing car seats and safety system, to develop sports seats for its sedan and SUV models.

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Health & Environment

A1RWATER, Fairmont Bab Al Bahr achieve water from Air milestone

A1RWATER, a global leader in atmospheric water generation (AWG), has reached a significant milestone in its partnership with Fairmont Bab Al Bahr, generating 704,846 litres of water from the air since 2023.

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Media & Promotion

Downtown Design gears up for debut Saudi edition

Fuelled by the rapid expansion of Saudi Arabia’s luxury real estate sector and landmark projects, Downtown Design, the leading fair for contemporary and quality design in the Middle East, is set to launch its inaugural edition in the kingdom this May.

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Education, HR & Training

Tamkeen helps 14 Bahraini companies take part in LEAP 2025

Bahrain's Labour Fund (Tamkeen) has announced its support to 14 leading tech firms from the kingdom to help them take part in the fourth edition of LEAP 2025 in Riyadh. The event is one of the largest global gatherings dedicated to tech and innovation.

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Miscellaneous

Bahrain to launch revamped ID cards

Bahrain’s Information & eGovernment Authority (iGA) will soon launch of the fully revamped and enhanced identity card, aligned with the latest international technologies and standards.

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