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BUSINESS
May 20, 2022
VIDEO: The rising profile of India's Adani Group in the Middle East

The market capitalization of the Adani Group is estimated to be $215 billion

CONSTRUCTION

Egypt's TMG reports record sales: $1.07bln from Benan project in Saudi Arabia

Egypt's TMG reports record sales: $1.07bln from Benan project in Saudi Arabia
Egypt's TMG reports record sales: $1.07bln from Benan project in Saudi Arabia
INFRASTRUCTURE

Qatar announces completion of Water Taxi project phase one infrastructure works

Qatar announces completion of Water Taxi project phase one infrastructure works
Qatar announces completion of Water Taxi project phase one infrastructure works
MANUFACTURING

Sabic opens ULTEM plant in Singapore

Sabic opens ULTEM plant in Singapore
Sabic opens ULTEM plant in Singapore
REAL ESTATE

UAE: RAK Properties' third quarter revenue hits $242.6mln

UAE: RAK Properties' third quarter revenue hits $242.6mln
UAE: RAK Properties' third quarter revenue hits $242.6mln
HOSPITALITY

Ibis opens seventh hotel in Georgia's capital Tbilisi

Ibis opens seventh hotel in Georgia's capital Tbilisi
Ibis opens seventh hotel in Georgia's capital Tbilisi
INFLATION

Turkey's central bank raises inflation forecast

Turkey's central bank raises inflation forecast
Turkey's central bank raises inflation forecast
AIRLINES

flydubai, Batik Air Malaysia announce strategic interline agreement

flydubai, Batik Air Malaysia announce strategic interline agreement
flydubai, Batik Air Malaysia announce strategic interline agreement

AVIATION

AIRLINES

Unexpected air bridge collapse at Dhaka airport grounds Kuwait Airways flight

Unexpected air bridge collapse at Dhaka airport grounds Kuwait Airways flight
Unexpected air bridge collapse at Dhaka airport grounds Kuwait Airways flight
AIRLINES

Dutch charter airline resumes flights to East Africa

Dutch charter airline resumes flights to East Africa
Dutch charter airline resumes flights to East Africa
AIRLINES

Qantas plane returns to Australia airport due to 'engine failure'

Qantas plane returns to Australia airport due to 'engine failure'
Qantas plane returns to Australia airport due to 'engine failure'
AIRLINES

Indian court orders liquidation of Jet Airways

Indian court orders liquidation of Jet Airways
Indian court orders liquidation of Jet Airways

BANKING & INSURANCE

ECONOMY

Economic indicators signal continued financial stability -- Central Bank of Kuwait

Economic indicators signal continued financial stability -- Central Bank of Kuwait
Economic indicators signal continued financial stability -- Central Bank of Kuwait
BONDS

China mandates banks for $2bln bond issuance in Saudi Arabia, term sheet shows

China mandates banks for $2bln bond issuance in Saudi Arabia, term sheet shows
China mandates banks for $2bln bond issuance in Saudi Arabia, term sheet shows
FINANCIAL SERVICES

Qatar’s banking sector assets rise 1.2% to $556bln

Qatar’s banking sector assets rise 1.2% to $556bln
Qatar’s banking sector assets rise 1.2% to $556bln

CAREERS

EMPLOYMENT

UAE: Most employees have a second job or business, expert says

UAE: Most employees have a second job or business, expert says
UAE: Most employees have a second job or business, expert says
UAE

Al-Futtaim Group to foster human capital to support expansion

HEALTHCARE

UAE witnesses surge in nursing course enrolments post-pandemic

JOBS

Jobs in UAE: How new platforms help women to rejoin work after a career break

JOBS

UAE: On-the-spot job offers, 800 vacancies up for grabs at Abu Dhabi career fair

UAE: On-the-spot job offers, 800 vacancies up for grabs at Abu Dhabi career fair
UAE: On-the-spot job offers, 800 vacancies up for grabs at Abu Dhabi career fair
EDUCATION

New courses launched to foster Saudi museum professionals

New courses launched to foster Saudi museum professionals
New courses launched to foster Saudi museum professionals

EDUCATION

EDUCATION

DCD Abu Dhabi, ACTVET sign MoU on licencing of social care professionals

DCD Abu Dhabi, ACTVET sign MoU on licencing of social care professionals
DCD Abu Dhabi, ACTVET sign MoU on licencing of social care professionals
EDUCATION

Sharjah Ruler forms University of Khorfakkan's Board of Trustees

EDUCATION

Hamdan bin Mohammed issues decision on Mohammed Bin Rashid School of Government’s Board of Trustees

EDUCATION

Crimson Education joins hands with AstroLabs for Saudi Arabia expansion

Crimson Education joins hands with AstroLabs for Saudi Arabia expansion
Crimson Education joins hands with AstroLabs for Saudi Arabia expansion

ENERGY

ENERGY

Saudi Arabia: Spark signs $798mln deals for five new projects

ALTERNATIVE ENERGY

Green ammonia struggles: Low carbon pricing, competition hinders offtake deals

ENERGY

ADNOC awards $196mln contracts for manufacturing in UAE

ADNOC awards $196mln contracts for manufacturing in UAE
ADNOC awards $196mln contracts for manufacturing in UAE

FINTECH

FINTECH

Qatar Central Bank grants sandbox entry approval to Ajyal Fintech Solutions

Qatar Central Bank grants sandbox entry approval to Ajyal Fintech Solutions
Qatar Central Bank grants sandbox entry approval to Ajyal Fintech Solutions
FINTECH

Bahrain wins over $100mln in investment commitments: EDB

Bahrain wins over $100mln in investment commitments: EDB
Bahrain wins over $100mln in investment commitments: EDB
FINTECH

Mastercard joins Arab regional payment system

Mastercard joins Arab regional payment system
Mastercard joins Arab regional payment system
FINTECH

Kuwait: Weyay Bank partners with Caribou Coffee to offer 50% discount for SELECT cardholders

Kuwait: Weyay Bank partners with Caribou Coffee to offer 50% discount for SELECT cardholders
Kuwait: Weyay Bank partners with Caribou Coffee to offer 50% discount for SELECT cardholders

HEALTHCARE

PHARMACEUTICAL

Egypt’s pharmaceutical market records $5.62bln annual sales: EDA

Egypt’s pharmaceutical market records $5.62bln annual sales: EDA
Egypt’s pharmaceutical market records $5.62bln annual sales: EDA
HEALTHTECH

Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant

Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant
Crown Prince hails Saudi medical team that performed world's first fully robotic heart transplant
EARNINGS

UAE: Burjeel Holdings' revenue grew to $354mln in Q3 2024

UAE: Burjeel Holdings' revenue grew to $354mln in Q3 2024
UAE: Burjeel Holdings' revenue grew to $354mln in Q3 2024
JOBS

Bahrain: 50% private medical jobs quota approved

INSURANCE

Americans hungry for weight-loss drugs grapple with supply and insurance hurdles

MANUFACTURING

Egypt’s SCZONE plans new pharma industry zone to boost local medicine production

HOSPITALITY

HOSPITALITY

HOSPITALITY

Dusit to develop top-class hospitality projects in Saudi Arabia

Dusit to develop top-class hospitality projects in Saudi Arabia
Dusit to develop top-class hospitality projects in Saudi Arabia
HOSPITALITY

Keturah completes infrastructure work at $762m Ritz-Carlton project in Dubai

Keturah completes infrastructure work at $762m Ritz-Carlton project in Dubai
Keturah completes infrastructure work at $762m Ritz-Carlton project in Dubai
HOSPITALITY

The Oberoi offers fairytale wedding destinations for the big day

The Oberoi offers fairytale wedding destinations for the big day
The Oberoi offers fairytale wedding destinations for the big day
HOSPITALITY

16 new hotels to open in Bahrain, adding 3,000 rooms

16 new hotels to open in Bahrain, adding 3,000 rooms
16 new hotels to open in Bahrain, adding 3,000 rooms
HOSPITALITY

Esterad Amwaj, Sunset to bring premium hospitality project in Bahrain

Esterad Amwaj, Sunset to bring premium hospitality project in Bahrain
Esterad Amwaj, Sunset to bring premium hospitality project in Bahrain

MANUFACTURING

MANUFACTURING

Egypt close to signing $360mln car tires factory in SCZONE with Chinese company

Egypt close to signing $360mln car tires factory in SCZONE with Chinese company
Egypt close to signing $360mln car tires factory in SCZONE with Chinese company
MANUFACTURING

Agthia Group sees strong growth in Egypt despite currency challenges, eyes regional expansion

Agthia Group sees strong growth in Egypt despite currency challenges, eyes regional expansion
Agthia Group sees strong growth in Egypt despite currency challenges, eyes regional expansion
MANUFACTURING

Saudi's SPARK signs $800mln investment pacts to establish manufacturing facilities

Saudi's SPARK signs $800mln investment pacts to establish manufacturing facilities
Saudi's SPARK signs $800mln investment pacts to establish manufacturing facilities

PROFESSIONAL SERVICES

MANUFACTURING

MEA paper and pulp industry poised to cross over $20bln

MEA paper and pulp industry poised to cross over $20bln
MEA paper and pulp industry poised to cross over $20bln
MANUFACTURING

Modon to establish new food manufacturing plant in Jeddah

Modon to establish new food manufacturing plant in Jeddah
Modon to establish new food manufacturing plant in Jeddah
EARNINGS

Egypt: Ahram for Printing’s losses rise 27% YoY in H1 2024

Egypt: Ahram for Printing’s losses rise 27% YoY in H1 2024
Egypt: Ahram for Printing’s losses rise 27% YoY in H1 2024

REAL ESTATE

REAL ESTATE

Kingdom real estate activity decline 3% in 2024, non-Jordanian purchases rise

Kingdom real estate activity decline 3% in 2024, non-Jordanian purchases rise
Kingdom real estate activity decline 3% in 2024, non-Jordanian purchases rise
REAL ESTATE

Bahrain: Infracorp to unveil diverse portfolio of real estate at Cityscape

REAL ESTATE

Reef Luxury Developments to unveil boutique project in Dubai

REAL ESTATE

Al Habtoor completes super structure works on 49-storey Dubai tower in Marina

REAL ESTATE

Dubai’s commercial office market sees big rental surge in Q3

Dubai’s commercial office market sees big rental surge in Q3
Dubai’s commercial office market sees big rental surge in Q3
REAL ESTATE

Abu Dhabi: Aldar launches 493-unit mixed-use project on Saadiyat Island

Abu Dhabi: Aldar launches 493-unit mixed-use project on Saadiyat Island
Abu Dhabi: Aldar launches 493-unit mixed-use project on Saadiyat Island

RETAIL & CONSUMER

RETAIL

IKEA reports higher profit despite revenue hit from price cuts

IKEA reports higher profit despite revenue hit from price cuts
IKEA reports higher profit despite revenue hit from price cuts
RETAIL

UK supermarket Asda 'lost the plot' but is fixable, says chairman

RETAIL

South Africa: Providing value to customers is crucial for Black Friday success

RETAIL

Furla opens first store at Egypt’s CFC Mall

Furla opens first store at Egypt’s CFC Mall
Furla opens first store at Egypt’s CFC Mall

TECHNOLOGY & TELECOM

TECHNOLOGY

Dubai's Hodler Investments, China's GCL Group partner to power Ethiopian data centres

Dubai's Hodler Investments, China's GCL Group partner to power Ethiopian data centres
Dubai's Hodler Investments, China's GCL Group partner to power Ethiopian data centres
TECHNOLOGY

Make new friends and boost hiring: How China's chip industry plans to deal with Trump

Make new friends and boost hiring: How China's chip industry plans to deal with Trump
Make new friends and boost hiring: How China's chip industry plans to deal with Trump
TECHNOLOGY

Egypt, Schneider Electric discuss cooperation on digital transformation in petroleum sector

Egypt, Schneider Electric discuss cooperation on digital transformation in petroleum sector
Egypt, Schneider Electric discuss cooperation on digital transformation in petroleum sector
TECHNOLOGY

Amazon to invest $1.3bln in Italy data centre business

Amazon to invest $1.3bln in Italy data centre business
Amazon to invest $1.3bln in Italy data centre business

TRANSPORT & LOGISTICS

TRANSPORT

Project to connect GCC through rail to see light of day in 2030: Qatar's minister

Project to connect GCC through rail to see light of day in 2030: Qatar's minister
Project to connect GCC through rail to see light of day in 2030: Qatar's minister
LOGISTICS

Nigeria: Osun government closes Oke-Fia-Old Garage routes for construction

Nigeria: Osun government closes Oke-Fia-Old Garage routes for construction
Nigeria: Osun government closes Oke-Fia-Old Garage routes for construction
TRANSPORT

Road accident deaths drop by 50% in Saudi Arabia

Road accident deaths drop by 50% in Saudi Arabia
Road accident deaths drop by 50% in Saudi Arabia

TRAVEL & TOURISM

TOURISM

Qatar: Cruise season kicks off; expected to bring 430,000 passengers in 95 ships

Qatar: Cruise season kicks off; expected to bring 430,000 passengers in 95 ships
Qatar: Cruise season kicks off; expected to bring 430,000 passengers in 95 ships
INFRASTRUCTURE

Oman: Development projects shaping Dhofar’s growth

Oman: Development projects shaping Dhofar’s growth
Oman: Development projects shaping Dhofar’s growth
TRAVEL AND TOURISM

Saudi Red Sea Authority issues first six licenses for tourist yacht agents

Saudi Red Sea Authority issues first six licenses for tourist yacht agents
Saudi Red Sea Authority issues first six licenses for tourist yacht agents
TOURISM

Qatar welcomes 4mln visitors by end of October 2024

Qatar welcomes 4mln visitors by end of October 2024
Qatar welcomes 4mln visitors by end of October 2024

MORE ON BUSINESS

FOOD

GigaFarm initiative lays foundations in Dubai Food Tech Valley

GigaFarm initiative lays foundations in Dubai Food Tech Valley
GigaFarm initiative lays foundations in Dubai Food Tech Valley
OIL AND GAS

Kuwait: KNPC sets a goal to increase fuel sales to the local market

Kuwait: KNPC sets a goal to increase fuel sales to the local market
Kuwait: KNPC sets a goal to increase fuel sales to the local market
INFRASTRUCTURE

Equinix, Omantel launch new data centre in Oman

Equinix, Omantel launch new data centre in Oman
Equinix, Omantel launch new data centre in Oman
PHARMACEUTICAL

The key role of pharmacy clinics in South Africa's evolving healthcare system

The key role of pharmacy clinics in South Africa's evolving healthcare system
The key role of pharmacy clinics in South Africa's evolving healthcare system
TELECOM

South Africa: ARB rules Melon Mobile's 'unlimited' plans are misleading

South Africa: ARB rules Melon Mobile's 'unlimited' plans are misleading
South Africa: ARB rules Melon Mobile's 'unlimited' plans are misleading
CLIMATE CHANGE

UAE pledges to cut emissions by 47% by 2035

UAE pledges to cut emissions by 47% by 2035
UAE pledges to cut emissions by 47% by 2035
SOCIAL MEDIA

Free WhatsApp Business incoming service conversations

Free WhatsApp Business incoming service conversations
Free WhatsApp Business incoming service conversations
PETROCHEMICALS

Oman’s first PDH plant to be launched in Salalah

Oman’s first PDH plant to be launched in Salalah
Oman’s first PDH plant to be launched in Salalah
RENEWABLE ENERGY

Oman: KBR awarded feed contract for Sur LNG Train 4 project

Oman: KBR awarded feed contract for Sur LNG Train 4 project
Oman: KBR awarded feed contract for Sur LNG Train 4 project