Category : Business
AED300 billion Industrial Strategy Operation launched in UAE
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Industrial Strategy Operation 300 billion. The 10-year comprehensive strategy aims to empower and expand the industrial sector to become the driving force of a sustainable national economy, increasing its......
Ehang partners with Italian group to design vertiport
EHang Holdings Limited, the world’s leading autonomous aerial vehicle (AAV) technology platform company, announced a partnership with an Italian architecture firm Giancarlo Zema Design Group (GZDG) to extend its air mobility solutions in the EU. With EHang’s passenger-grade AAV technologies and air mobility solutions, GZDG has designed and will build......
Wizz Air Abu Dhabi launches new routes to Kazakhstan
Wizz Air Abu Dhabi, the newest national airline of the UAE, has announced the launch of its latest routes from Abu Dhabi to Almaty and Nur Sultan, Kazakhstan, starting in the middle of May 2021. With the launch of Almaty and Nur-Sultan, Wizz Air Abu Dhabi adds a further two......
First GE HA turbines to be installed at UAE Power Plant
The UAE’s first two GE HA gas turbines have been delivered, and are currently undergoing installation and commissioning works at the 1.8 gigawatts (GW) Hamriyah Independent Power Plant. The project is expected to be the most efficient power plant in the Middle East’s utilities sector, contributing towards UAE Energy Strategy’s......
SR500 million real estate project in Bosnia
Dar Al Arkan, the leading real estate development company in Saudi Arabia, has released for sale its new SR500 million luxury vacation and residential complex – Sidra in Bosnia. The project offers the opportunity to own a second home in an oasis of peace and tranquility in the heart of......
Zynga acquires Echtra games team – makers of Diablo
Zynga Inc, a global leader in interactive entertainment, announced that it has acquired Echtra Games, a cross-platform game studio composed of a development team whose core members have previously shaped the world of action role-playing games through their work on genre-defining titles including Diablo, Diablo II, the Torchlight franchise and......
Saudi companies to acquire 51 percent of Vogacloset
Fawaz Abdulaziz Alhokair Co., the leading franchise retailer in Saudi Arabia, and Arabian Centres Company, the leading owner, developer and operator of lifestyle shopping centers in Saudi Arabia, have announced that they will acquire a combined 51per cent stake in Vogacloset, a UK-based online fast fashion platform offering over 400......
FedEx plans to go Carbon-Neutral by 2040
FedEx Corp, one of the world’s largest cargo airline, announced an ambitious goal to achieve carbon-neutral operations globally by 2040. To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration. This includes a pledge......
Saudi Cement market to grow by 1.66 Million Tons
The cement market in Saudi Arabia is set to grow by 1.66 million tons during 2020-2024. Technavio segments the cement market by application (residential and commercial) and region (Central, Western, Southern, and Eastern). The report identifies the launch of Saudi Vision 2030 as one of the major factors propelling the......
DP World to build $1.2 billion Indonesian port
DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, today signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in......