Meet Middle East tourism’s power players
Tourism industry accounts for 9 percent of GCC region's GDP and it is expected to grow annually at 7.7 percent. Trends looks at some of the influential industry players driving this growth.
EMC picks Mohammad Ghazi as GM
Momani will manage Mercedes-Benz's overall performance at EMC.Saudi index varies while UAE stock market starts low
A new year saw quite some ups and downs in the top stock markets in the region, even as the UAE markets adjusted to a Monday-to-Friday workweek.Many firms to join Pure Health
ADQ signs pact to create UAE's biggest healthcare platform.Alpha Dhabi acquires stake in Al Qudra
Deal part of ADH's $2.17 billion investment plan.On 40th anniversary, Abu Dhabi Airport vows improved services
Abu Dhabi Airports marked the 40th anniversary of the inauguration of Abu Dhabi International Airport (AUH) on Sunday, local media reports said. "Abu Dhabi International Airport has connected the world to Abu Dhabi for 40 years and fueled the emirate’s emergence as a leading destination for tourism, trade and commerce,”...Gulf markets end 2021 on positive note
The Gulf financial markets ended 2021 on the rise, waiting to achieve significant gains next year.UAE sets several records as world ushers in 2022
Hope remains for a better new year amidst scaled-back celebrations due to new restrictions aimed at slowing soaring Covid cases.GCC’s first tire storage and distribution hub coming up in Abu Dhabi
AD Ports Group has signed an agreement with China-based Shandong Port Group, to establish a Tyre Hub at KIZAD for the storage and distribution of tires. AD Ports Group will provide space for an upcoming 150,000 sqm facility in KIZAD under its Industrial Cities and Free Zone Cluster. This will...EGA repays Al Taweelah loan
The repayment four years and seven years early totaled $361 million.NMDC wins $354m contract
The contract is for the Shamal Development marine works.School of Government and ADGM Academy launch investment program
The Abu Dhabi School of Government (ADSG) and Abu Dhabi Global Market Academy (ADGM Academy) have launched the ‘Investment Foundations' program, which seeks to equip Abu Dhabi government employees with knowledge and skills related to finance, ethics, and investment practices. Targeting Abu Dhabi government employees working in the financial sector,...Etihad signs China deal
The airline will work with the Henan Province Airport Group.Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January 2022, with Saturday and Sunday as the universal weekend. ADGM said in a statement that the new working week brings the emirate's business community and financial sector closer to global...Gulf stocks rebound after selloff
The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.Abu Dhabi National Aquarium is the largest in Mideast
An estimated one million people a year are expected to visit the aquarium housing marine animals in ten distinct habitats under the supervision of marine life experts.ADQ taps Etihad for services
The terms of the transaction were not disclosed.Abu Dhabi Airport traffic likely to surge 400% over holiday season
From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day.Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.NYU Abu Dhabi’s Water Research Center partners with EWEC
The center serves as an interdisciplinary innovation hub for research in water desalination and membrane technology innovation.IHC acquires stake in Al Qudra
The acquisition is part of Al Qudra's diversification strategy.Abu Dhabi to host Pokemon GO Tour live event in 2022
Gamers on Yas Bay will be joined by those taking part in Monterrey, Mexico at Parque Fundidora and Kaohsiung, Taiwan at the Taiwan Lantern Festival.Aldar-ADQ grp to buy SODIC share
The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.Saudi index shines, UAE stocks ripple
Global cues and local developments could not dampen the overall improvement.ADQ establishes office in Cairo to boost its investment in Egypt
Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing in the country’s economic growth, media reports said. The opening of ADQ’s new office complements the $20 billion (AED 73 billion) strategic investment platform launched in 2019 between ADQ and...ADNOC announces big onshore oil and gas find in Abu Dhabi
ADNOC announced on Wednesday "significant conventional oil, condensate and gas discoveries" of up to 1 billion barrels of oil equivalent (BOE) from an exploration well in Abu Dhabi’s Onshore Block 4 Concession, which is operated by Japan’s INPEX/JODCO. ADNOC announced the discovery on a Twitter post and said it comprises...Chimera Capital fund closes at $75m
The company's first venture capital fund exceeds initial target.UAE launch trials of autonomous taxis
The UAE last month approved a temporary license to test self driving taxis on the roads with safety officer sitting on driver's seat in case of emergency.Saudi markets rocky, Abu Dhabi index loses ground
The Saudi and Abu Dhabi indices saw a choppy week, while the Dubai markets saw some good gains.Mubadala invests in US-based Medallia
Medallia captures experience data from customers and employees.Saudi Arabia, UAE discuss ways to boost relations
UAE President Sheikh Khalifa bin Zayed Al Nahyan conferred the “Order of Zayed” on Saudi crown prince Mohammed bin Salman in Abu Dhabi.Borouge awards EPC contracts
The $6.2 bn contracts are meant for expansion in RuwaisAl Dhafra Festival camel beauty pageant from December 14
The festival aims to, among other things, make Abu Dhabi the preferred place for camel fairs regionally as well as internationally.Mubadala signs two deals to facilitate investments in France
Mubadala Investment Company (Mubadala) has revealed that it signed two agreements to facilitate investments in sectors of mutual priority and interest in France.UAE discusses bilateral cooperation with Greece and Ukraine
Sheikh Mohamed has talked to Greece and Ukraine to enhance his country’s bilateral ties with them.Louvre Abu Dhabi license extended until 2047
The Louvre Abu Dhabi's license has been extended by 10 years to 2047, the French presidency said Friday during a visit by Emmanuel Macron to the United Arab Emirates.ATRC awards $10 million in research funding to 53 R&D projects
Abu Dhabi’s Advanced Technology Research Council (ATRC) on Tuesday announced that it has awarded AED40 million ($10 million) in research funding to 53 successful R & D projects across eight key sectors in 2021. ARTC is the overarching entity mandated to shape Abu Dhabi’s R & D strategy and its...Multiply Group to list on ADX
Multiply Group has assets of AED 8.16 billion and 3,240 employeeAD Ports Group inks deal to boost Bahrain cruise sector
Abu Dhabi-based AD Ports Group has inked an initial agreement with Bahrain-based real-estate firms Diyar Al Muharraq and the Eagle Hills Diyar Company to explore cruise-sector opportunities in their home country. As part of the agreement, they are expected to develop and operate new cruise infrastructure in Bahrain.Abu Dhabi to host new Amazon fulfillment center from 2024
Abu Dhabi will host a new Amazon fulfillment center, expected to be the most technologically advanced in the region. It will begin to operate from 2024.Abu Dhabi gives out $2.72bn in housing loans and plots
Abu Dhabi has announced disbursement of housing loans and houses, and residential plots and the exemption of families of deceased and retirees mortgagors from loan repayments.Dubai and Abu Dhabi to vie for Gulf Capital’s offering
Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the initial public offerings for one of its assets in 2022.ADNEC to acquire Etihad Holidays
The move is aimed at expanding its footprint in tourism.HAYVN, a digital currency firm, closes Series A funding
HAYVN, the Abu Dhabi-based digital currency platform, has closed Series A funding round led by Red Acre Ventures and Hilbert Group.Dubai Index surges 80 percent, Saudi losses continue
Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs for 10 government-backed companies.Middle East’s first waste-to-sustainable aviation fuel plant to come up in Abu Dhabi
Abu Dhabi Waste Management Centre (Tadweer) has signed an agreement with Etihad Airways to facilitate the development of the first Waste-to-Sustainable Aviation Fuel (WtF) plant in the Middle East. The agreement was signed at Dubai Air Show 2021. Upon completion, the plant will have the potential to transform up to...ADGM meet promises development
This was the first meeting of ADGM’s new Board of Directors.Abu Dhabi adds 11 new activities to list of Freelance Professional License
The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.Yahsat of Abu Dhabi figures in MSCI’s global indices
Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.Top energy honchos to meet at Abu Dhabi CEO Roundtable
More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable, hosted by the Abu Dhabi National Oil Company (ADNOC).This week, Gulf markets closed on a high
Stock markets in the Arab region were mostly in the green in the week gone by.

















































