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DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

Qatar to set up Centre for Fourth Industrial Revolution

The index of the manufacturing sector showed a fall of 5.2 percent in November 2023 compared to the previous month (October 2023).
  • A Centre for the Fourth Industrial Revolution will also be established in Vietnam.
  • WEF and GovTech Campus Deutschland announces the establishment of the Global Government Technology Centre Berlin.

Davos, Switzerland — The war in Ukraine, tensions in the Middle East, monetary policy in 2024, jobs, equitable economic growth, energy demand, artificial intelligence, and the need to find a common ground were some of the issues discussed at the third day of Davos summit.

C4IR to be established in Qatar

Several initiatives were also announced today. The World Economic Forum has signed a collaboration agreement with Qatar to establish a Centre for the Fourth Industrial Revolution (C4IR) in the Gulf state. A Centre for the Fourth Industrial Revolution will also be established in Vietnam.

HRI initiative

The World Economic Forum’s Humanitarian and Resilience Investing (HRI) Initiative announced more than 50 commitments, from over 40 partners, to boost impact investment in frontier markets.

Global Government Technology Center established in Berlin

The World Economic Forum and GovTech Campus Deutschland announced the establishment of the Global Government Technology Centre Berlin. Also, the First Movers Coalition (FMC) has reached 96 members, with more than 120 commitments to purchase near-zero emission goods and services by 2030.