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TECH GIANTS JOIN VENTURE
Trump launches $500bn Stargate project to boost AI
US President Donald Trump has launched a massive artificial intelligence (AI) infrastructure initiative named "Stargate Project" with an investment of up to $500 billion over the next four years.
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ISLAND LIFESTYLE DESTINATION
RAK Properties unveils flagship Mina, $1.62bn GDV pipeline
RAK Properties, Ras Al Khaimah’s leading publicly listed property developer, has unveiled its flagship masterplan, Mina – a premier island lifestyle destination - with an AED5 billion ($1.36 billion) gross development value (GDV) pipeline for 2025.
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'GLOBAL DEMAND TO HIT 106mbpd'
China still driving oil demand growth says Aramco CEO
China is still driving growth in global oil demand, the head of Saudi Aramco said, dismissing concerns about peaking consumption in the world’s biggest energy user.
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ANALYSIS
Trump Tariffs: risky gamble or clever negotiation tactic?
US President Donald Trump’s day-one delay on tariffs is no retreat — it’s a power play, and the stakes are sky-high, warns the CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organisations.
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SPOTLIGHT
Inauguration of a new chapter in sustainable investing
If recent developments spell the end of early, overly-simplistic approaches to ESG investing, their end should not be mourned for too long; rather, they should be replaced with more sophisticated approaches, writes Thomas Hohne-Sparborth.
Top Trade News
 | Industry Sectors |
Sobha Realty posts record $6.26bn sales in 2024
Sobha Realty, a leading global luxury real estate developer, posted record 2024 sales of AED23 billion ($6.26 billion), underscoring the growing demand for its luxurious developments, the company said.
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Air France unveils signature fragrance by Kurkdjian
National flag carrier Air France has teamed up with master perfumer Francis Kurkdjian to launch its signature home fragrance, AF001. This home fragrance will gradually be introduced at the entrance to certain Air France lounges at Paris-Charles de Gaulle.
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Adnoc Gas signs $10bn gas deal with EWEC
Adnoc Gas has signed a $10 billion 10-year flexible natural gas sales and purchase agreement with Emirates Water and Electricity Company (EWEC) to support the UAE's energy transformation, marking a significant strategic partnership.
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UAE banking assets climb 1.3% to $1.19trillion in October
The Central Bank of the UAE has revealed that the country's gross banking assets, including bankers’ acceptances, increased 1.3% from AED4.4 trillion ($1.198 trillion) at the end of September 2024 to exceed AED4.456 trillion at the end of October 2024.
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Trump Tariffs: risky gamble or clever negotiation tactic?
US President Donald Trump’s day-one delay on tariffs is no retreat — it’s a power play, and the stakes are sky-high, warns the CEO of deVere Group, one of the world’s largest independent financial advisory and asset management organisations.
More…
GWC posts $47m net profit in 2024; focuses on expansion
Gulf Warehousing Company (GWC), one of the fastest-growing businesses in the MENA region, reported total revenues of QAR1.582 billion ($433.97 million) for 2024.
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Global tourism recovers to pre-Covid levels; Mideast strongest
An estimated 1.4 billion tourists travelled internationally in 2024, indicating a virtual recovery (99%) of pre-pandemic levels, according to a UN Tourism report. The Middle East (95 million arrivals) remained the strongest-performing region.
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Hilal Technology, Dell Technologies explore future of IT
Leading IT solutions provider Hilal Technology, in collaboration with Dell Technologies, recently brought together over 100 valued customers at an exclusive event titled "Exploring the Future of IT".
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Sunset Hospitality to open MOOD Bahrain, Cairo in Q2
Sunset Hospitality Group (SHG) is introducing two new MOOD venues: MOOD Bahrain and MOOD Cairo. MOOD Bahrain will open in Q2 at the Royal Saray Resort in the Seef District, while MOOD Cairo will open on the rooftop of Omar Elkhayam Boat in Zamalek.
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Changan to invest $2.9bn in flying car development
Changan Automobile recently set a new milestone in its efforts to lead innovation and development in emerging industries by signing a partnership agreement with EHang Holdings to research and develop flying-car related products.
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Tanzania confirms outbreak of Marburg virus
Tanzania has confirmed an outbreak of Marburg virus disease in the northwestern Kagera region after one case tested positive for the virus following investigations and laboratory analysis of suspected cases of the disease.
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MassiveMusic provides sonic identity for Aroya Cruises
MassiveMusic Dubai, a Songtradr company and the Middle East’s leading music creative agency, has delivered an award-winning music and sound identity for Saudi Arabia’s Aroya Cruises.
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Sony Alpha Festival to empower creative community
Sony Alpha Festival 2025, an exclusive event for photographers, videographers, and content creators in the UAE, will take place on January 18 in Dubai and on Janaury 25 in Abu Dhabi, Sony Middle East and Africa has announced.
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Dubai named 'world’s cleanest city' for fifth year
Dubai has once again secured the top position globally for city cleanliness, according to the latest Global Power City Index (GPCI) report issued by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan.
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