Saturday 14 December 2024

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LONG-TERM PARTNERSHIP
Saudi PIF acquires 15pc stake in London's Heathrow Airport

Saudi Arabia's sovereign wealth fund PIF has announced that it has acquired a strategic 15% stake in FGP TopCo, the holding company of London's Heathrow Airport Holdings, from Spanish infrastructure major Ferrovial and other shareholders of FGP TopCo.

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10m TEUs CAPACITY
AD Ports Group opens $845m container terminal in Abu Dhabi

AD Ports Group has announced the opening of CMA Terminals Khalifa Port, a AED3.1 billion ($845 million) container terminal with advanced port infrastructure. This addition will boost Khalifa Port’s annual container capacity by 23% to 10 million TEUs.

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2

EMERGENCY MEDICAL MISSIONS
Bahrain signs agreement with Airbus to buy 9 H145 helicopters

Airbus Helicopters has announced that Bahrain's Ministry of Interior has placed an order for nine H145 helicopters to be used in law enforcement and emergency medical missions. More than 60 H145s are already in service in the Middle East region.

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Top Trade News

icondown

Industry Sectors

Construction & Real Estate

New Murabba stadium to shine on global stage at World Cup 2034

The New Murabba Stadium in Riyadh is set to play a central role in World Cup 2034 as the 45,000-seat facility will be one of 15 venues for the mega event. Inspired from native Acacia tree, its architecture is a blend of traditional and modern designs.

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Retail & Wholesale

City Centre Bahrain National Day celebrations kicks off

City Centre Bahrain, the premier shopping, entertainment and lifestyle destination in the kingdom, has announced a week of vibrant celebrations from December 13 to 17 to mark Bahrain’s National Day.

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Energy, Oil & Gas

TotalEnergies JV wins Oman renewable energy projects contract

TotalEnergies, a global integrated energy company, has announced that its joint venture with Oman's OQ Alternative Energy has secured a major contract from Petroleum Development Oman (PDO) to develop three renewable energy projects in the sultanate.

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Finance & Capital Market

Bahrain's non-oil exports value for October hits $833m

The total value of Bahrain's non-oil exports for October stood at BD316 million ($833 million) with the unwrought aluminum alloys emerging the top export product. The Kingdom of Saudi Arabia ranked first in the importers' list followed by the US and UAE.

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Analysis, Interviews, Opinions

2025 technology predictions from Veeam Software

Year 2025 will see Ransomware-as-a-Distraction, The Rise of the Cloud Data Lakehouse as Resilience Drills take off as sovereign clouds and data portability come into existence.

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Industry, Logistics & Shipping

AD Ports Group opens $845m container terminal in Abu Dhabi

AD Ports Group has announced the opening of CMA Terminals Khalifa Port, a AED3.1 billion ($845 million) container terminal with advanced port infrastructure. This addition will boost Khalifa Port’s annual container capacity by 23% to 10 million TEUs.

More…
Travel, Tourism & Hospitality

Gulf Air launches seasonal European flights for Summer 2025

Bahrain's national carrier Gulf Air has announced the launch of its seasonal flights for summer of 2025 to Nice, France, starting from May 22, and operating until September 28; and to Geneva, Switzerland, starting from June 3 to September 12.

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IT & Telecommunications

Big Tech set to outperform Wall Street again in 2025

The Magnificent Seven—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla—have repeatedly shattered Wall Street forecasts, deVere Group predicts they’ll continue to dominate throughout 2025.

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Lifestyle

Arada acquires three leading UAE gym brands

Sharjah developer Arada is set to cement its leadership in the local fitness sector with the acquisition of UAE gym brands - ladies-only superclub FitnGlam, boutique exercise hub Platform Studios and the newly launched Fitcode, said a top official.

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Health & Environment

AI in diagnostics market size to ‘hit $8.54bn by 2033’

The global artificial intelligence in diagnostics market size was $1.61 billion in 2024 and is projected to hit around $8.54 billion by 2033, growing at a CAGR of 20.37% during the forecast period 2024 to 2033.

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Media & Promotion

Olazabal to design world-class golf course at Bahrain's Al Areen

Al Areen Holding Company, a key real estate developer in Bahrain, has entered into a deal with Olazabal Design, the golf course design company of World Golf legend José María Olazábal, for a modern 18-hole golf course as part of Al Areen masterplan.

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Education, HR & Training

Miral launches key initiative to boost student empowerment

Emirati group Miral has partnered with Abu Dhabi Department of Education and Knowledge to enhance student engagement and help cultivate future-ready skills. Aligning with Abu Dhabi’s Tourism Strategy 2030, it aims to create new jobs within travel sector.

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Miscellaneous

Etihad celebrates striking CSK livery on debut Chennai flight

Etihad Airways celebrated its new Chennai Super Kings (CSK) livery as it took off on its inaugural flight from Abu Dhabi to the South Indian city of Chennai. The A320-neo was welcomed in style with a traditional water cannon salute on landing at Chennai.

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