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PLAN TO LAUNCH WEGOVY
Novo Nordisk in deal to produce weight loss drug in KSA
Novo Nordisk, a leading global healthcare company, has signed a deal with Lifera, a biopharma company owned by the Saudi sovereign wealth fund PIF, to pursue the localisation of the manufacturing of semaglutide GLP-1 treatments in the kingdom.
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2,800 EXHIBITORS, 55,000 VISITOR
ATM opens tomorrow, uniting travel professionals
The 32nd edition of Arabian Travel Market (ATM) will open tomorrow at Dubai World Trade Centre, bringing together more than 2,800 exhibitors and over 55,000 travel professionals from 166 countries.
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113pc GROWTH SINCE VISION 2030
Saudi non-oil export soars to record $140bn in 2024
Saudi Arabia's non-oil exports hit a record SAR515 billion ($140 billion) in 2024, marking the highest value in its history. This achievement represents a 13% jump over the previous year and an impressive growth of 113% since the launch of Vision 2030.
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OPINION
Investors have every reason to cheer - despite tariff chaos
From fresh tariffs and fracturing alliances to recession warnings, the headlines scream turmoil. But for investors willing to tune out the noise and focus on the underlying data, there are solid reasons to stay positive, said an financial expert.
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ANALYSIS
$22bn on table - Are GCC utilities ready to seize the opportunity?
The GCC utilities sector has the potential to cut operational costs by 30% through a mix of short-term tactical actions and key changes to how utilities operate, said a report. This can generate $22 billion in savings over the next decade, said a report.
Top Trade News
 | Industry Sectors |
Sobha in deal to develop mega coastal city project in UAQ
Sobha Realty is set to develop a landmark coastal city project, Downtown UAQ, in the northern emirate of Umm Al Quwain. Spanning 25 million sq ft, it will feature luxury residential, retail and hospitality districts that will house 150,000 residents.
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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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L&T emerges lowest bidder for 400kV Kuwait solar project
India's leading construction and engineering conglomerate Larsen & Toubro (L&T) has emerged as the lowest bidder for the Al Shaqaya Solar Power Generation Station 400 kV Overhead Transmission Line (OHTL) project being developed in Kuwait.
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Ebdaa CEO named World Union of Arab Bankers member
The World Union of Arab Bankers has announced the appointment of Dr. Khalid Al-Ghazzawi, the Chief Executive Officer of Ebdaa Microfinance Company – Bahrain, as a member of its Board of Directors for the Union’s sixth term from May 1 to April 30, 2028.
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MENA 'partially shielded, but not immune to tariffs impact'
The Middle East and North Africa (MENA) region has been partially shielded from the latest wave of global tariffs introduced by US President Donald Trump, according to an expert.
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AKI opens new fulfilment centre in Dubai Industrial City
Al Khayyat Investments (AKI) has opened its state-of-the-art Fulfilment & Innovation Centre in Dubai Industrial City, that will serve as a cornerstone for the company’s continued regional expansion.
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India's DGCA mandates new rules for airlines on passenger handling
India’s Directorate General of Civil Aviation (DGCA) has directed all airlines operating international flights into and out of the country to implement enhanced handling measures with immediate effect to ensure continued passenger comfort and safety.
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Bridging AI talent gap key to unlocking GCC retail's future: Al Futtaim
A new white paper, released by Al Futtaim, in collaboration with MBZUAI, reveals that a lack of skilled artificial intelligence (AI) professionals is the biggest hurdle to unlocking the potential of AI-driven personalisation in GCC retail sector.
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Azizi launches $20bn Milan 'style' master-planned community
Azizi Developments has unveiled its new AED75 billion ($20 billion) master-planned community, Azizi Milan, in Dubai. Spanning a 40 million sqft GFA, the mixed-use project will boast residential projects, luxury hotels, retail districts and office spaces.
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Al Ahlia wins contract to build largest Merc-Benz facility in Kuwait
Al Ahlia Contracting Group (ACG) has secured a major contract from Kuwait-based Al Mulla Group for the construction of a hi-tech facility for Mercedes-Benz. Being set up on a 55,000 sqm build-up area, it will be largest such facility in the Middle East.
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Novo Nordisk in deal to produce weight loss drug in KSA
Novo Nordisk, a leading global healthcare company, has signed a deal with Lifera, a biopharma company owned by the Saudi sovereign wealth fund PIF, to pursue the localisation of the manufacturing of semaglutide GLP-1 treatments in the kingdom.
More…
Top flooring expo Domotex Middle East 2025 opens in Dubai
Domotex Middle East 2025, a premier trade platform for the global flooring industry, opened its doors in Dubai bringing together 100 international exhibitors as well as top architects, interior designers, contractors, and government stakeholders.
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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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Global project management experts set for major Saudi forum
Leading project management experts and industry leaders will be in Riyadh next month for the Global Project Management Forum 2025, where they will explore how emerging tech and agile practices are reshaping the future of project delivery across sectors.
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