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GLOBAL ENERGY TRANSITION
Aramco in $8bn deal to buy stake in UK group Horse Powertrain
Saudi oil giant Aramco said one of its units has signed key agreements to acquire a 10% equity interest in UK-based Horse Powertrain Company alongside Renault, Zhejiang Geely and Geely Automobile Holdings in a deal valued at €7.4 billion ($8 billion).
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15% OF TOTAL EXPORTS
Value of Saudi non-oil exports to China tops $47bn in five years
The value of Saudi Arabia’s non-oil exports to China during the past five years from 2019 to 2023 exceeded SR176 billion ($46.93 billion). Chemicals, polymers and metals topped in the list of Saudi non-oil exports to China.
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NON-OIL EXPORTS HITS SAR22bn
Saudi Arabia's April trade surplus soars to record $41.4bn
Saudi Arabia has reached a surplus of SAR41.4 billion ($11 billion) in April, which is the highest level so far this year, said a report, adding the trade balance has grown by 48.5% since the beginning of the year, with an increase of SAR13.5 billion.
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INSIGHT
OMEGA's state-of-the-art timing tech at play in Olympics
OMEGA has unparalleled experience in sports timekeeping. The brand is the Official Timekeeper of the Olympic Games since 1932 and Paralympic Games since 1992. A look at the state-of-the-art sports timing and measurement technology used at the events.
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INSIGHT
Millennials in UAE ‘are most vacation deprived’: Expedia report
UAE Millennial residents have a higher percentage of vacation deprivation than Gen Zers, 50% compared to 35% to the latter group, according to a new study.
Top Trade News
 | Industry Sectors |
Markaz executes $2.4bn real estate projects in US, Europe
Kuwait Financial Centre (Markaz) is slowly emerging as a leader in the international real estate sector with the successful execution of over 95 projects worth $2.3 billion since the beginning of its real estate activity spanning various markets in US and
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1,900 exhibitors to take part in beauty expo in Dubai
More than 1,900 exhibitors from over 60 countries and 70,000 industry professionals are likely to take part in the 28th edition of Beautyworld Middle East is set to take place from October 28 to 30, at the Dubai World Trade Centre.
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Aramco in $8bn deal to buy stake in UK group Horse Powertrain
Saudi oil giant Aramco said one of its units has signed key agreements to acquire a 10% equity interest in UK-based Horse Powertrain Company alongside Renault, Zhejiang Geely and Geely Automobile Holdings in a deal valued at €7.4 billion ($8 billion).
More…
Saudi Arabia's April trade surplus soars to record $41.4bn
Saudi Arabia has reached a surplus of SAR41.4 billion ($11 billion) in April, which is the highest level so far this year, said a report, adding the trade balance has grown by 48.5% since the beginning of the year, with an increase of SAR13.5 billion.
More…
OMEGA's state-of-the-art timing tech at play in Olympics
OMEGA has unparalleled experience in sports timekeeping. The brand is the Official Timekeeper of the Olympic Games since 1932 and Paralympic Games since 1992. A look at the state-of-the-art sports timing and measurement technology used at the events.
More…
AD Ports seals strategic deal with International Trade Centre
Abu Dhabi-based AD Ports Group has signed a key agreement with International Trade Centre (ITC), the joint agency of UN and the World Trade Organization (WTO), to boost co-operation in digital trade, logistics and transport as well as trade facilitation.
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Air Arabia launches first direct flight to Athens from Sharjah
Leading budget-carrier Air Arabia has announced the addition of the Greek capital Athens to the latest direct travel destinations for passengers from its hub Sharjah. The airline will fly four times a week and has plans to boost its frequency in future.
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Trend Micro, NVIDIA to secure AI-enabled private data centres
Trend Micro, a global leader in cybersecurity solutions, has announced a partnership with NVIDIA to secure AI-enabled private data centres in the region and globally.
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The all-new BMW M5 has imposing power delivery
The BMW M5 is powering into a new era with an electrified drive system for the first time. A model-specific version of the M HYBRID system gives the new BMW M5 maximum output of 727 hp and peak system torque of 1,000 Nm.
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Mumtalakat to invest in Racing Force to drive Bahrain expansion
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, will undertake a crucial investment to meet the growing global market demand for motorsports safety products.
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New UAE study urges greater protection of coastal lagoons
As the UAE extends the Year of Sustainability into 2024, a study published by the ‘Nature-based Solutions for Climate, Biodiversity and People’ project illustrates the vital role that coastal lagoons play in strengthening national climate action plans.
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Bahrain's Danat enters big league; gets UN Global Compact membership
The Bahrain Institute for Pearls and Gemstones (Danat) has secured its membership in the United Nations Global Compact initiative, a voluntary leadership platform for the development, implementation and disclosure of responsible business practices.
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Arada to set up 350-year old UK grammar school in Sharjah
UAE developer Arada has signed a deal with Bright Capital Investment to bring one of UK’s best-performing schools to its megaproject Masaar in Sharjah. Set for completion in 2027, the campus will include performing arts centre, library, sports facilities
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Tamkeen portal wins Bahrain Digital Content Award
Bahrain labour fund Tamkeen's portal has won the Bahrain Digital Content Award at a ceremony hosted by BTECH. The portal boasts new features, including a unified user interface to manage applications from a single account as well as partner collaboration.
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