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JORDAN, BAHRAIN, UAE FACE RISK
US tariffs threaten $22bn in Arab non-oil exports, says ESCWA
A dramatic escalation in trade protectionism by US is significantly impacting Arab economies, placing $22 billion in non-oil exports at risk, according to a policy brief issued by United Nations Economic and Social Commission for Western Asia (ESCWA).
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LARGEST OFFSHORE ASSETS IN KSA
McDermott, Saipem win major Aramco project LTA extension
Saudi oil giant Aramco has awarded an extension of its long-term agreement framework to leading engineering and construction groups - McDermott and Saipem - to support brownfield and greenfield projects on some of the kingdom’s largest offshore assets.
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FLAGSHIP VENUE
Diriyah awards $1.4bn deal for Opera House construction
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has awarded a $1.4 billion (SAR5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets.
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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 |
Imkan unveils premium coastal lifestyle destination in UAE
Leading UAE developer Imkan has unveiled Naseem AlJurf - the latest addition to its premium AlJurf community along the Emirates Riviera. Spanning 90,580 sq m, the coastal lifestyle destination features 111 villas, 60 townhouses and 8 apartment buildings.
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Saudi retail real estate sector undergoing key transformation
Saudi retail real estate sector is undergoing a major transformation, driven by the country's Vision 2030 initiative. With Riyadh, Jeddah and other key cities seeing a surge in retail developments, the 2025-26 outlook remains optimistic, said a report.
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McDermott, Saipem win major Aramco project LTA extension
Saudi oil giant Aramco has awarded an extension of its long-term agreement framework to leading engineering and construction groups - McDermott and Saipem - to support brownfield and greenfield projects on some of the kingdom’s largest offshore assets.
More…
GCC fixed income market sees $51.5bn in primary issuances in Q1
The primary debt issuances of bonds and sukuk in the GCC countries amounted to $51.51 billion through 125 issuances during the first quarter of 2025, down 7.1% over last year, where issuances in Q1 2024 stood at $55.5 billion, said a report.
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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).
More…
US tariffs threaten $22bn in Arab non-oil exports, says ESCWA
A dramatic escalation in trade protectionism by US is significantly impacting Arab economies, placing $22 billion in non-oil exports at risk, according to a policy brief issued by United Nations Economic and Social Commission for Western Asia (ESCWA).
More…
French low-cost airline Transavia to launch Madinah flights
Leading French low-cost airline Transavia has entered into an agreement with Al Madinah Development Authority to boost its Saudi operations. Beginning October, it will start flights from Paris-Orly, Lyon, Marseille and Toulouse to Madinah.
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Zain Group to distribute $492m cash dividends for FY 2024
Leading telecom group Zain has announced that it has received the investors approval for distribution of total cash dividend of 35 fils for 2024 - amounting to KD151.4 million ($492 million) - thus reflecting an attractive 73% payout ratio.
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Christie’s enters New Zealand with top brokerage team
Global luxury real estate network Christie’s International Real Estate continues its expansion in Asia-Pacific with the launch of its first exclusive New Zealand affiliate, Thomas Estates | Christie’s International Real Estate.
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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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Strategic deal to advance precision medicine in Abu Dhabi
The Department of Health - Abu Dhabi (DoH) has signed a landmark MoU with leading organisations to establish a collaborative framework that will shape the future of healthcare through precision medicine and advanced therapies.
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iGA launches ID card renewal service for Bahrainis abroad
Bahrain's Information & eGovernment Authority (iGA) has begun renewal and replacement of ID cards for its citizens outside the kingdom. Citizens can submit applications online and their cards will be delivered by courier at the overseas address.
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AWS, Manara join hands to develop cloud talent across MENA
Amazon Web Services (AWS) has announced its collaboration with Manara, the social impact technology talent startup, for launching an ambitious initiative aimed at training 2,500 software engineers across the region on cloud skills.
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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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