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AERIAL ATTACK ON BEIRUT BASE
Hizbollah leader Nasrallah killed in airstrike, says Israeli military
Lebanon's Hezbollah confirmed on Saturday that its leader Sayyed Hassan Nasrallah had been killed, hours after Israeli military claimed that it had carried out massive aerial attacks on the organisation's HQ at Dahiyeh in the southern suburbs of Beirut.
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FOCUS ON ENERGY SECURITY
Governments set nearly $2 trillion for clean energy since 2020: IEA
Governments around the world have earmarked almost $2 trillion in direct investment support for clean energy since 2020, almost triple the amount committed following the 2007-08 financial crisis, a new International Energy Agency (IEA) report revealed.
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FIRM TO USE LATEST TECH
Malaysia's Petronas wins onshore concession in Abu Dhabi
The Malaysian national oil and gas company, Petroliam Nasional Berhad (Petronas) has been granted a new oil and gas exploration concession in Onshore Block 2, located within the Al Dhafra region of Abu Dhabi.
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ANALYSIS
Luxury Hotel Boom: Key drivers shaping the global trend
Global luxury hospitality sector is witnessing significant growth, driven by an influx of affluent travellers seeking exclusive personalised experiences. This is true in Middle East, a region with ambitious projects attracting the HNWIs, said an expert.
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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.
Top Trade News
 | Industry Sectors |
UAE building costs to rise 2-5pc amid infrastructure demand: Expert
Construction costs are likely to rise by 2-5% annually as the demand for new infrastructure, residential, commercial and leisure attractions continue to grow in the UAE, particularly in the hotel and leisure sectors, said an industry expert.
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The Retail Summit expands to Saudi Arabia
The Retail Summit (TRS), the leading global event shaping the future of retail, has announced its expansion into Saudi Arabia with its inaugural event to take place on January 27 and 28, 2025 in Riyadh.
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Besix's Dubai W-t-E plant enters full commercial operations
Belgian infrastructure major Besix has announced that the Warsan Waste-to-Energy plant, which was developed in partnership with Hitachi Zosen Inova (HZI), Dubai Holding, Dubal, Tech Group and Itochu, has officially entered full commercial operations.
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Bahrain group Inovest unveils new board of directors
Inovest, a Bahrain-based sharia-compliant investment company, has announced its new board of directors, comprising leading experts in the field of finance and economics, under the Chairmanship of Mohammad Al Shalfan.
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Luxury Hotel Boom: Key drivers shaping the global trend
Global luxury hospitality sector is witnessing significant growth, driven by an influx of affluent travellers seeking exclusive personalised experiences. This is true in Middle East, a region with ambitious projects attracting the HNWIs, said an expert.
More…
Bahrain non-oil exports of national origin hits $786m in August
The total value of Bahrain's non-oil export (National Origin) products for August touched BD298 million ($786 million), according to official data. The Kingdom of Saudi Arabia topped the importers' list with BD66 million products followed by US and UAE.
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IHG set to open 'world’s tallest all-hotel tower' in Dubai
IHG Hotels and Resorts has announced the signing of a new Vignette Collection property which is set to be the world's tallest all-hotel tower when it opens in Dubai next year. A landmark Ciel property, the 80-storey high-rise will boast over 1,000 keys.
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Enova launches AI-powered Virtual Assistant
Enova, a joint venture between Majid Al Futtaim and Veolia and a regional leader in integrated energy and facilities management services, has announced the launch of its Artificial Intelligence Enova Virtual Assistant (AIEVA).
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Seven Wonders: Top DJ to stage premiere show at RAK
Leading DJ, Armin van Buuren, will present in Ras Al Khaimah, on October 24, the world premiere of Pillars of Creation, as part of the Seven Wonders series which will see seven leading artists perform at seven unique outdoor locations across the emirate.
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GEODIS launches a test phase for Oxygen urban electric truck
GEODIS has announced the start of a trial phase for Oxygen, the urban electric truck developed in a partnership with Renault Trucks that began in 2022.
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M42 Bahrain, Mumtalakat break ground on Amana healthcare facility
Amana Healthcare, part of M42 group, has teamed up with Mumtalakat Holding Company to break ground on its 100-bed healthcare facility in Bahrain. Set to launch operations in 2025, it will be a key provider of long-term care and post-acute rehab services.
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Saudi Film Confex back in style for its second edition
The Saudi Film Commission kicks off the second edition of its key industry event - Saudi Film Confex - next month in Riyadh featuring some of the top decision-makers as well as Arab and international producers to help strengthen the KSA film industry.
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Salesforce and NVIDIA tie up to advance AI agent innovation
Salesforce and NVIDIA have announced a strategic collaboration to develop advanced AI capabilities for the enterprise with autonomous agent and interactive avatar experiences.
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Saudi Women’s Premier League to kick off with 20 nationalities, 200 players
The Saudi Women’s Premier League returns to action on September 27, as the new season’s kick-off campaign, #SeeUsPlay, invites fans to celebrate women’s football in the kingdom that features 77,000 female players in the school league.
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