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SASREF SEEN VITAL PARTNER
Aramco mulls Rongsheng JV, eyes China downstream deals
Saudi oil giant Aramco has announced that it is exploring options to set up a new joint venture with Chinese group Rongsheng Petrochemical and make significant investments in both Saudi and Chinese petrochemical sectors, through its refinery unit Sasref.
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SPACE42 NEW VENTURE
Yahsat, Bayanat merger to create $4bn opportunity
Yahsat Group and Bayanat merger to create Space42 will serve as a transitional shift in the space technology and artificial intelligence (AI) sector in the UAE and the entire region, said Ali Al Hashemi, CEO of Yahsat.
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AL AJBAN PROJECT
EWEC announces partners for 1.5 GW solar project
EWEC (Emirates Water and Electricity Company) has announced the award of its 1.5-gigawatt (GW) Al Ajban Solar PV Independent Power Project to an international consortium.
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INSIGHT
Family businesses ‘prioritise expansion, technology’
Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place.
Top Trade News
 | Industry Sectors |
Select launches 'world's tallest residential tower' in Dubai
Select Group, a leading real estate developer headquartered in Dubai, has announced the launch of Six Senses Residences Dubai Marina, marking a new chapter in ultra-luxury living.
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Sony MEA unveils strong TV, audio line-up for 2024
Sony Middle East and Africa has unveiled its powerhouse lineup of new and innovative products across TV and audio systems for 2024, setting the stage for immersive home entertainment experiences and boosting market leadership.
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Aramco mulls Rongsheng JV, eyes China downstream deals
Saudi oil giant Aramco has announced that it is exploring options to set up a new joint venture with Chinese group Rongsheng Petrochemical and make significant investments in both Saudi and Chinese petrochemical sectors, through its refinery unit Sasref.
More…
Arab Bank Group Q1 profit surges 17pc to $253m
Arab Bank Group has reported solid results for the first quarter with a 17% jump in its net income after tax reaching $252.8 million from $216.3 million last year. The group maintained its strong capital base with a total equity of $11.3 billion.
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Family businesses ‘prioritise expansion, technology’
Expanding into new sectors and markets ranked first on the list of priorities for Dubai’s next generation of family business members, with business development second and the adoption of new technologies following in third place.
More…
‘$3bn investment opportunities’ in transportation industries
The Abu Dhabi Department of Economic Development (ADDED) has issued a new guide that allows domestic and international players to invest in a sector projected to reach a combined market size of AED11.04 billion ($3 billion) by 2027.
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Preferred adds 15 properties to its global portfolio
Preferred Hotels & Resorts, one of the world’s largest independent hotel brand, has added 15 new member properties – from a hidden safari resort in Nepal to a sophisticated Mediterranean hub in Croatia – to its global portfolio between January 1-March 31.
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Yahsat, Bayanat merger to create $4bn opportunity
Yahsat Group and Bayanat merger to create Space42 will serve as a transitional shift in the space technology and artificial intelligence (AI) sector in the UAE and the entire region, said Ali Al Hashemi, CEO of Yahsat.
More…
Expo City Dubai presents Wellness Day with PXB Lifestyle and Mulai
PXB, the unique lifestyle destination based at Expo City Dubai, has teamed up with Dubai wellness group Mulai Community to host a revitalising Wellness Day on April 28. It promises a holistic wellness experience, featuring a diverse range of activities.
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Budget Saudi signs 10-year franchise agreement with ABG Group
Budget Saudi, the kingdom’s leading car rental company, has renewed its Budget & Payless Franchise agreement with Avis Budget Group. The agreement will extend the two entities’ partnership for another 10 years, until 2033.
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WHO certifies Saudi's Tabuk as ‘Healthy City’
The city of Tabuk, in northwest Saudi Arabia, has been certified the ‘Healthy City’ by the World Health Organization (WHO), after meeting 80 criteria set by the global health organisation.
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Aramco becomes FIFA's Major Worldwide Partner
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a four-year global partnership with FIFA (Federation Internationale de Football Association), the international governing body of football.
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200 universities from 30 nations take part in GETEX Spring
Some 200 universities offering students a vast array of nearly 2,500 course options are taking part in the Global Education and Training Exhibition (GETEX), which is hosting 30 countries.
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Abu Dhabi to launch air taxi operations next year
Archer Aviation, a leader in the development of electric vertical takeoff and landing (eVTOL) aircraft, signed a framework agreement in Abu Dhabi on Thursday with ADIO (Abu Dhabi Investment Office) to accelerate commercial air taxi operations in the UAE.
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