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Miscellaneous |
Construction & Real Estate
Kuwait has awarded two contracts to build more than 3,000 residential units as part of its Jahra City affordable housing project. In addition, it will implement other key infrastructure work for the project and complete it within a three-year period.
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Retail & Wholesale
Spinneys, the region’s leading food retailer, has delivered solid results for the first nine months with AED2.3 billion ($626 million) record revenue, up 11.4% over last year, while its profit before tax surged by 27.1% to AED203 million ($55.2 million).
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Energy, Oil & Gas
Adnoc Gas, a world-class integrated gas processing company, plans to acquire Adnoc’s 60% stake in the Ruwais Liquified Natural Gas (LNG) plant in the second half of 2028 at about $5 billion.
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Finance & Capital Market
Resilience, innovation, and future-ready strategies took centre stage at Gateway Gulf 2024 in Bahrain, as 250 distinguished attendees, including government ministers and business leaders from around the world, convened for the key investment forum.
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Analysis, Interviews, Opinions
The upcoming era of 5G Advanced has the power to do more than just improve personal device speeds; it aims to make networks smarter, more efficient and more responsive to real-world needs in ways that could impact everyone.
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Industry, Logistics & Shipping
Almarai, the Middle East’s leading dairy and food company, has selected leading Swiss packaging systems group SIG as a strategic partner for its five-year expansion plan aimed at strengthening market leadership and driving sustainable innovation.
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Travel, Tourism & Hospitality
Visit Bahrain, a leading destination management company in the kingdom, has set an ambitious target to attract 53,000 international tourists into the country by next year. This is likely to bring in nearly $75 million in revenue, said a top official.
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IT & Telecommunications
Etihad Etisalat (Mobily) has signed a deal with Telecom Egypt to establish the first Saudi-owned submarine cable linking Egypt. The cable, wholly-owned by Mobily, will pass under Red Sea, paving the way for enhanced connectivity options towards Europe.
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Motoring
Al Ghandi Auto, a key automotive retailer group in the region, has teamed up with Cadillac Arabia to break ground on its 82,495-sq-ft facility in Abu Dhabi. Set for completion in 2026, the Experience Center will feature an open sales area and VIP lounge.
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Health & Environment
The Industrial Transition Accelerator (ITA) has announced partnerships with governments of the UAE and Bahrain to expand its efforts in industrial decarbonisation across the Middle East and North Africa (Mena) region.
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Education, HR & Training
In an interesting move, the United Projects for Aviation Company (UPAC) has invited students from the College of Architecture at Kuwait University to contribute their ideas for select interior and exterior spaces at its premium Al Messilah Beach project.
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Miscellaneous
Bahrain’s Nationality, Passports, and Residence Affairs (NPRA) has issued over 10,000 Golden Residency permits to recipients from 99 countries, to drive economic and investment growth and attract skilled talent.
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