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ParkPoint hits milestone with over 11,000 parking spaces

ParkPoint Parking Solutions which is managing 11 000 parking spaces across Bahrain and Saudi Arabia plans to broaden its operational scope. The goal is to elevate ParkPoint to a leading player in parking...

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Abu Dhabi non-oil economy grows 9.1% in 2023

Abu Dhabi s non-oil economy recorded a remarkable growth of 9.1 percent in 2023 while the overall real GDP growth was 3.1 percent compared to 2022 according to preliminary estimates by Statistics Centre...

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Nabil Habayeb joins Immensa as a Non-Executive Director

Immensa Mena s largest digital manufacturer has announced the appointment of Nabil Habayeb to the Board as an independent Non-Executive Director with immediate effect. Habayeb spent 41 years at GE where...

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ADBWC, Clear Speak GCC sign MoU to empower women

The Abu Dhabi Businesswoman Council (ADBWC) and Clear Speak GCC have signed a Memorandum of Understanding (MoU) to empower women in business communication and elevate their professional capabilities. ADBWC...

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Invictus buys majority stake in Moroccan agro-trader Graderco

Invictus Investment Company a leading agro-food enterprise in the Middle East Africa and Asia has acquired a 60% stake in Graderco and its subsidiaries from Zalar Holding following all necessary regulatory...

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Saudi unemployment rate hits record low

The unemployment rate among Saudi Arabia s citizens declined to 7.7% in the fourth quarter of 2023 down from 8.6% in the third quarter of 2023 according to the General Authority for Statistics (GASTAT)...

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Smart utility meters seen driving down manufacturing costs

The willingness of managers to actually make use of smart utility meters will be a deciding factor in reducing energy consumption and related costs in manufacturing a new study said. The work also serves...

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Taqa, Jera to build cogeneration plant for Amiral project

Abu Dhabi National Energy Company (Taqa) together with Jera Co Japan s largest power generation company on Thursday announced that they will develop a greenfield industrial steam and electricity cogeneration...

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Transportation one of the 10 most attacked industries: study

There has been a 36% increase in the number of successful attacks on the global transportation industry in 2023 compared to 2022 says Positive Technologies an industry leader in result-driven cybersecurity....

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Automechanika Riyadh 2024 to attract key speakers

Automechanika Riyadh Saudi Arabia s leading trade show for the automotive aftermarket will provide a platform for thought leaders experts and industry professionals to discuss the Saudi Arabian automotive...

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ADQ's new holding firm aims to be life sciences powerhouse

ADQ an Abu Dhabi-based investment and holding company has announced the formation of Arcera a global holding company in the life sciences sector headquartered in Abu Dhabi that is aiming to be a leader...

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UAE among world’s top 10 most connected countries: report

The UAE has surged ahead in DHL s Global Connectedness Report to occupy the No 8 spot among the world s top 10 most globalised countries. It has also registered the maximum increase in performance since...

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Expo Centre Sharjah eyes expansion to meet growing demand

Expo Centre Sharjah (ECS) has unveiled its future projects and initiatives to develop and enhance the exhibitions sector including augmenting exhibition areas and venues. Promoting the emirate s business...

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Federation of Saudi Chambers forms military industries panel

The Federation of Saudi Chambers has announced the formation of the first-of-its-kind national committee for military industries a Saudi Press Agency report said. Salman bin Nasser Al-Shatri was selected...

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Sewa installs 91,155 smart water meters in Sharjah

The Sharjah Electricity Water and Gas Authority (Sewa) has successfully installed 91 155 smart water meters in different parts of Sharjah marking a significant milestone in the city s water management...

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ADCCI sets up dedicated working group for startups and SMEs

The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has set up a working group which will represent the interests of startups and SMEs registered in Abu Dhabi. This is a strategic step that seeks to...

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