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Sunday, May 12, 2024

Business

Luxury Penthouse Sets New Record as Real Estate Transactions Boom

The Abu Dhabi Real Estate Centre (ADREC) reveals a record-breaking total of around AED 87.1 billion in real estate transactions for 2023.

Record-Breaking FDI for Major Infrastructure Development in Egypt

The agreement between Egypt and consortium ADQ is the largest FDI in Egypt's history, with USD 35 billion allocated for infrastructure development in Cairo.

Hungary Looks to Partner with UAE for Investment in Priority Sectors

Hungary signs an economic cooperation agreement with the UAE aimed at stimulating trade and investment flows between the two countries in Budapest this month.

USD 31.4 Billion in Non-Oil Trade Between UAE and USA in 2023

US-UAE Business Council Chairman Danny Seabright says the volume of non-oil trade between the UAE and the United States of America rose to USD 31.4 billion in 2023 and is expected to continue to grow at the same pace in 2024.

Fueltrax Wins Major Series of Contracts with SE Asia Vessel Operators

Malaysia-based Fueltrax, a Fuel Management System provider claims it delivers over 99% system uptime globally and is the only EFMS accepted universally by all major oil companies.

iByond Asia and Knightsbridge Clinch USD1.2B Fintech Deal

iByond and Knightsbridge Group will join forces to spearhead fintech initiatives across the Asia Pacific region.

Terminus Group Green Lights Green Cities in the GCC

Terminus Group, a global smart services and AIoT solutions provider, officially inaugurates its international headquarters in Dubai UAE this month.

QatarEnergy, CPChem Break Ground with Mega Projects

From Houston Texas to Rass Laffan Qatar, CPChem and QatarEnergy’s mega-deals have mega goals for the global petrochemical markets.

Latest news

Qatar Hypermarket Launches Halal Thai Promo for Good Taste and Goodwill

Graced by Ambassador of Thailand to Qatar H E Sira Swangsilpa, and Lulu Hypermarket Regional Director Shaijan MO together with dignitaries from the Royal Thai Embassy in Doha, the Halal Thai Food Promotion launch aims to foster goodwill between the two countries and celebrate Thai culture and cuisine.
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Gas Monetisation a Strategic Focus as Libya Increases Exports to Europe

Libya has allocated USD 1.23 billion to develop the Hamada NC-7 concession in its latest budget, which was approved by Libya’s eastern-based parliament last month, according to a recent MEED report.

How PPP is Increasing Efficiencies Across Saudi’s Gigaprojects

UK legal firm Ashurst Senior Associates Jason Gouveia and Joanne McGuire discuss why concerns about whom ultimately bears the payment risk in a PPP arrangement becomes highly relevant in gigaprojects.

Must read

World’s First 3D Print Mosque Opens after Six Months Construction

The grand unveiling of the world’s first mosque constructed with 3D print technology, named in honor of late Saudia-businessman Abdulaziz Abdullah Sharbatly opened this month.

Kazakhstan Prepares to Host the World Nomad Games 2024

The opening ceremony of the World Nomad Games is scheduled for 8 September at the Astana Arena Stadium and will culminate in a finale event on 14 September. 
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Tender Now Open for 400MW Wind Project in Morocco

Morocco has opened a pre-qualification round in a tender for the construction and operation of a 400-MW wind farm complex in the northern part of the North African Kingdom today.

Rosewood’s Art Afternoon Tea Series Enchants with Arty Treats and Halal Meats

Food Critics Dr Shagufta Ahmed and Farrukh Younus make connections between their love of art, cake and foreign cities which all converged into one glorious afternoon at the Rosewood Hotel’s Art Afternoon Tea Series in London.

Ethics and Morality Should Underpin All AI Innovation says Sheikh Nahyan

UAE Minister Sheikh Nahyan bin Mubarak Al Nahyan says that human values are needed to make the transition to Artificial Intelligence more inclusive and less disruptive for everyone.