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SUSTAINABLE SOLUTIONS
Amarak Chemicals to set up plant nutrients facility in Jafza
Amarak Chemicals FZC, an associate company of Aries Agro Limited, has signed an agreement with DP World’s flagship trade and logistics hub, Jebel Ali Free Zone (Jafza), to establish a state-of-the-art plant nutrients manufacturing facility.
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HOME TO 120,000 RESIDENTS
NHC, Talaat Mostafa Group break ground on $8bn Saudi city
Saudi National Housing Company (NHC) has partnered with Talaat Mostafa Group to break ground on its SAR 31.4 billion ($8.36 billion) Banan City in Riyadh. Spanning a 10 million sq m area, the premium development will be home to over 120,000 residents.
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SAUDI, UAE BOURSES CONTRIBUTE
Arab bourses' market cap hits $4.36 trillion in April, says report
The market cap of Arab stock exchanges has surged to more than $4.361 trillion in April, thanks to the contribution from Saudi bourse of $2.87 trillion followed by Abu Dhabi Securities Exchange with $754.7 billion and Dubai with $193.4 billion.
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OPINION
Unlocking Mideast renewable potential - role of energy storage
Renewable energy sources will likely form a major proportion of energy generation in future as the region races to achieve a net-zero goal. Grid-scale energy storage will be key in facilitating these sources in digitalised smart grids, said an expert.
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ANALYSIS
ESG sukuk to top $50bn amid new regulatory frameworks
The ESG (environmental, social, and governance) sukuk will cross $50 billion mark globally in the next two years as issuers aim to meet their funding diversification goals and ESG mandates, alongside new regulatory frameworks, according to Fitch Ratings.
Top Trade News
 | Industry Sectors |
Hilton, Al Hamra to launch 43 ultra-luxury homes in RAK
Global hospitality major Hilton has partnered with UAE lifestyle developer Al Hamra for the launch of its new project - Waldorf Astoria Residences Ras Al Khaimah - featuring 43 ultra-luxury homes, penthouses and sky palaces. It is set to open in 2026.
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Supermarket chain Spinneys debuts on DFM after successful IPO
Spinneys, a high-end supermarket chain with a major presence in Oman and UAE, has made its trading debut at Dubai Financial Market (DFM) in style with its shares rising as much as 10% on the opening day.
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QatarEnergy, Nakilat sign deal for nine QC-Max LNG vessels
Qatar Gas Transport Company Limited (Nakilat) has announced the signing of a long-term agreement to charter and operate nine QC-Max class LNG vessels, as part of QatarEnergy's programme to expand its fleet of LNG carriers.
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Mastercard partners with Benefit to drive payment innovation in Bahrain
Mastercard said it has signed an agreement with Bahrain’s leading fintech group - The Benefit Company - to explore opportunities for collaboration in driving innovation and financial as well as inclusion in the country’s dynamic payments ecosystem.
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ESG sukuk to top $50bn amid new regulatory frameworks
The ESG (environmental, social, and governance) sukuk will cross $50 billion mark globally in the next two years as issuers aim to meet their funding diversification goals and ESG mandates, alongside new regulatory frameworks, according to Fitch Ratings.
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Drydocks World unveils major propeller repair facilities
UAE-based Drydocks World has announced a series of significant enhancements to its propeller repair services' operational capabilities, thus solidifying its position as the one-stop solution for such repair needs, which caters to all sizes and types.
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Sayacorp opens first Conrad hotels property in Bahrain
Bahrain-based hospitality group Sayacorp has announced the opening of the first Conrad hotel property in the kingdom. The 98-key Conrad Bahrain Financial Harbour features one- to three-bedroom suites as well as other key premium amenities.
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Beyon net profit surges 4pc in Q1; revenue hits $293m
Bahrain Telecommunications Company (Beyon) has announced solid results for the first three-month period, posting a 4% increase in its net profit attributable to company's equity holders, while its revenue soared to hit BD110.5 million ($293.1 million).
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Mered signs up HBA to design ultra-luxury property in Dubai
Mered, an international real estate developer with headquarters in the UAE, has partnered with top hospitality design firm Hirsch Bedner Associates (HBA) for the development of its ultra-luxury development, Iconic Tower, in Dubai.
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Saudi Arabia emerges biggest car market in GCC
The Saudi Arabian car market has emerged as a powerhouse, accounting for more than half of all car sales in the Gulf region. With over 160,000 imports, the kingdom has emerged as one of the top 20 car markets globally, said a report.
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Burjeel to show complex care capabilities at Healthcare Week
Burjeel Holdings, a leading super-specialty healthcare services provider in Mena, is set to feature its innovative solutions and complex care capabilities at the upcoming Abu Dhabi Global Healthcare Week.
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Bahrain named Mideast’s top wedding destination at WTA
The Kingdom of Bahrain has won two major awards - Middle East’s Leading Wedding Destination 2024 and Leading Large-Scale Wedding Venue 2024 (Exhibition World Bahrain) - at the 31st World Travel Awards (WTA) ceremony held recently in Dubai.
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Women take centre stage in building inclusive tourism in Apac
Women-led tourism initiatives are driving sustainability efforts forward across Asia-Pacific region (Apac) but more financial investment, training and equal opportunities are still needed to reach gender equality, according to a report by UN Tourism.
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Abu Dhabi issues decree to improve air quality, cut noise
Abu Dhabi has issued a decree which aims to preserve the environment, improve ambient air quality, reduce air pollutants emitted from stationary and mobile sources, and keep noise levels within permissible limits in the emirate.
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