Wednesday 26 June 2024

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INSIGHT
UAE’s AI adoption, enthusiasm 'high'

The United Arab Emirates (UAE) has emerged as a leader in artificial intelligence (AI) adoption and enthusiasm, according to a recent research by Boston Consulting Group (BCG).

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PRODUCTION TO START IN 2027
Mitsui, partners to build ammonia plant in UAE

Mitsui, TA'ZIZ, Fertiglobe, and GS Energy Corporation are set to build an ammonia production facility in Al Ruwais, UAE, starting in 2027. The plant is expected to produce 1 million tons annually with lower CO2 emissions.

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WEF REPORT PICKS SOLUTIONS
The top 10 technologies to look for in the next 5 years ...

AI-powered scientific discovery, carbon-capturing microbes, and new cooling solutions are among the 10 top technologies with the greatest potential to make a positive impact in the world in the next three to five years, according to a report.

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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.

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SPOTLIGHT
Turning offices into attractive workspaces

By focusing on technology, design, and culture, IT managers can transform offices into vibrant, productive hubs that draw employees in and foster a thriving work environment.

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Top Trade News

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Industry Sectors

Construction & Real Estate

Dar Global awards AIDA Phase 1 infrastructure contracts

Dar Global, a leading luxury project developer, has awarded a key infrastructure contract for the first phase of AIDA, a landmark urban development in Oman. The scope of work includes designing and construction of roads, sewage and utility installations.

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Retail & Wholesale

Customer experience ‘must be central’ to business growth

Saudi Arabia’s top Marketing, Product, and Customer Experience Leaders came together to discuss how brands can revolutionise customer experiences to drive business growth and loyalty in Saudi Arabia’s Vision 2030-led future.

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Energy, Oil & Gas

Siemens Energy wins $1.5bn Saudi order for two power plants

Siemens Energy has been awarded a 25-year contract by Saudi Arabia for two power plants - Taiba 2 and Qassim 2 - worth $1.5 billion. These combined-cycle plants will be connected to the grid in 2026 and permanently operated one year later.

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Industry, Logistics & Shipping

Indian group Essar set to start work on $4.5bn Saudi steel plant

Indian business conglomerate Essar said it is awaiting the final approval from Saudi authorities to build a low-carbon steel plant in Ras Al Khair at an investment of $4.5 billion. It also plans to set up two dedicated berths there for the steel project.

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Travel, Tourism & Hospitality

QIC unveils ground-breaking performing arts facility in Riyadh

Saudi-based Qiddiya Investment Company has unveiled its 3,000-seat performing arts complex spanning across three theatres in Riyadh. With stunning architecture and pioneering technology, it aims to leverage innovative technologies such as VR, AR and AI.

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IT & Telecommunications

Mindware expands MAGIC to include AI services

Mindware, a leader in value-added distribution in the Middle East and Africa, has expanded services under MAGIC (Mindware's Aggregation Gateway for Innovation and Collaboration) to include comprehensive AI services.

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Lifestyle

QIC unveils ground-breaking performing arts facility in Riyadh

Saudi-based Qiddiya Investment Company has unveiled its 3,000-seat performing arts complex spanning across three theatres in Riyadh. With stunning architecture and pioneering technology, it aims to leverage innovative technologies such as VR, AR and AI.

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Motoring

Ferrari announces grand opening of its new E-Building in Italy

Ferrari has opened its new E-Building, the factory that will produce internal combustion engined cars, hybrids and the auto brand's first electric model in the Italian city of Maranello. Rectangular in shape, it is powered by over 3,000 solar panels.

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Health & Environment

Dubai Health Authority envisions future of healthcare for 2030

Dubai has hosted an interactive workshop to envision the future of healthcare for 2030, enhancing the emirate's status and increasing its competitiveness in the international healthcare arena.

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Media & Promotion

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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Education, HR & Training

BITS Pilani Dubai achieves high placements in core engineering fields

BITS Pilani Dubai Campus (BPDC) has witnessed a notable increase in campus placements for students specialising in core engineering fields such as chemical, civil, electrical, and mechanical engineering.

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Miscellaneous

Mubadala Capital, SailGP acquire first South American team

Mubadala Capital, a wholly owned asset management subsidiary of Mubadala Investment Company, and SailGP, the global racing championship, have announced a strategic investment to acquire a newly formed SailGP Team to represent Brazil.

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