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1mtpy CAPACITY FACILITY
EGA unit signs deal alumina refinery in Guinea
Emirates Global Aluminium’s subsidiary Guinea Alumina Corporation has signed a term sheet with the Government of Guinea for the development of an alumina refinery.
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INDIVIDUALS BANNED
UAE issues new telemarketing rules, heavy penalties
The UAE has introduced new rules regulating marketing through phone calls, and stringent penalties ranging from AED75,000 ($20,419) to AED150,000 ($40,838) for violations.
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NOTABLE DROPOUTS INCLUDE SABIC
Aramco tops Forbes 100 Mideast ranking; total firms worth $3.6trn
Saudi oil giant Aramco has topped the Forbes Middle East Top 100 list for the fifth consecutive year with $660.8 billion in assets and $1.9 trillion in market value. GCC companies reigned the list with 92 entries, spearheaded by UAE and Saudi Arabia.
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INSIGHT
Why land degradation needs urgent global action
Land degradation requires immediate and concerted action from stakeholders across the world, a leading environmentalist has said, in light of the World Environment Day marked on June 5 – a major outreach programme of the United Nations.
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ANALYSIS
Nearly half of Mena employees mull entrepreneurship: Report
There's a notable inclination towards entrepreneurship in the Middle East and North Africa region with nearly half of surveyed employees inclined to be self-employed or start a business, a survey has found.
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Egis lands construction supervision consultancy for Egypt metro
Egis, a leading international group in architecture, consulting, construction engineering, and mobility, has been awarded the lead construction consultancy contract for the metro line extending from Abo Qir to Misr Station in Alexandria, Egypt.
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Boucheron opens new boutique in Bahrain's Marassi Galleria
Boucheron, the French high jewellery maison, has announced the opening of its new boutique in Bahrain, in the vibrant Marassi Galleria mall.
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Global spending on clean energy to hit $2 trillion in 2024: IEA
Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, according to the International Energy Agency (IEA).
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KPMG outlines current three biggest risks for businesses
KPMG has in its latest report outlined the three biggest risks for businesses right now, which may impact operations in 2024 and near future. It listed geopolitics, trade policies and AI as the barriers to get past for 'long-term' sustainable growth.
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UAE and Saudi top young Indian travellers’ destination list
While the UAE and Saudi Arabia emerged as the top destinations preferred by young Indian travellers, the US and Canada remain considerably untapped destinations for them, said a new report by FINN Partners.
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Aramco tops Forbes 100 Mideast ranking; total firms worth $3.6trn
Saudi oil giant Aramco has topped the Forbes Middle East Top 100 list for the fifth consecutive year with $660.8 billion in assets and $1.9 trillion in market value. GCC companies reigned the list with 92 entries, spearheaded by UAE and Saudi Arabia.
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Saudi Tourism licences 227,000 rooms in Makkah this Hajj
Saudi Ministry of Tourism has announced that it has made grand preparations this Hajj season including an increase in the number of licensed hospitality facilities in Makkah which surged to 816. A total of 227,000 rooms are being readied for pilgrims.
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iGA teams up with Beyon to launch enhanced eKey System
Bahrain's Information & eGovernment Authority (iGA) has partnered with a unit of kingdom's leading telecom company Beyon to launch an enhanced eKey system. The move is aimed at integrating advanced features and technologies and AI within the eKey system.
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Saks Bahrain partners with singing sensation Banah for new video
Luxury fashion store Saks Fifth Avenue Bahrain has announced an innovative collaboration with rising Palestinian-Bahraini star Banah for an exclusive music video project. For her new song 'Galbi Ma Yinam', Banah will be dressed up in Saks designer gowns.
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Audi Oman shows innovative e-tron GT at COMEX 2024
Audi Oman recently showcased the stunning Audi e-tron GT at COMEX 2024, held at the Oman Convention and Exhibition Centre.
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Abu Dhabi launches new economic agrifood, water cluster
Abu Dhabi has announced the launch of Agwa, an integrated economic cluster poised to play a leading role in global efforts to tackle food and water scarcity. Agwa is set to become a global hub for novel food and ingredients, as well as technologies.
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Modi sworn in as India's PM for record third term
Narendra Modi was sworn in as India's Prime Minister on Sunday for a record-equalling third term at a grand ceremony held in New Delhi, attended by thousands of dignitaries, including leaders of regional countries, Bollywood stars and industrialists.
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MSA Novo, KAUST in deal to boost Saudi start-up ecosystem
MSA Novo, a multi-stage global emerging markets-focused venture capital firm, has signed a deal with King Abdullah University of Science and Technology (KAUST) to bolster the Saudi start-up ecosystem and help drive innovation and growth in the kingdom.
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World cereal stocks likely to hit record 897m tonnes: FAO
World cereal stocks will likely increase by 1.5% above their opening levels to a record 897 million tonnes buoyed by an increase in the inventories of maize, barley, sorghum and rice, according to UN's Food and Agriculture Organisation (FAO) for 2024-25.
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