Tuesday 1 April 2025
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300-km CRUDE OIL PIPELINE
WEG lands supply contract for $3bn Adnoc infrastructure project
WEG, a Brazilian electric motor and gearbox manufacturer, said it has secured a supply contract from Abu Dhabi National Oil Company for its 300-km crude oil pipeline project. On completion, the $3-billion project will boast a 1.5 million bpd capacity.
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INDIA, CHINA LEAD RESCUE EFFORTS
Myanmar, Thailand earthquake death toll climbs to over 1,000
The death toll from the powerful 7.7 magnitude earthquake in Myanmar jumped to over 1,000 on Saturday. In neighbouring Thailand, up to 100 workers were still unaccounted for after a Bangkok skyscraper under construction collapsed, said media reports.
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DEAL INKED WITH TOP INVESTORS
Modon, Elsewedy to launch new industrial zone in Egypt
Abu Dhabi-based Modon Holding has announced that it has signed an agreement with Egypt’s Elsewedy Industrial Development for the setting up of a new industrial zone servicing the Ras El Hekma megaproject in Egypt.
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ANALYSIS
Global markets brace for impact amid new US auto tariffs
European markets and US stock futures are trading lower, a key development largely attributed to President Donald Trump's 25% tariff plan on imported cars and light trucks. The automotive sector is at the forefront of investor concerns, said experts.
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ANALYSIS
UAE economy resilient amid global trade war, says expert
As uncertainty lingers over the transition from trade wars to trade deals with the US, global economic confidence remains shaken. However, UAE’s economy remains resilient thanks to stable investment climate and strong global ties.
Top Trade News
 | Industry Sectors |
Burtville launches first hotel-branded project in Abu Dhabi
UAE-based Burtville Developments has unveiled its first hotel-branded residential project, Bab Al Qasr Resort Residence 18 & 19, at Masdar City in Abu Dhabi. A 483-unit luxury project, it features a mix of one to five-bedroom units and other amenities.
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Jacob & Co. unveils first World Is Yours Salman Khan watch
Jacob & Co., the globally renowned high jewellery, high watchmaking brand, has launched a limited edition in 'The World Is Yours Dual Time Zone' collection, created in collaboration with Bollywood superstar and style icon of Indian cinema Salman Khan.
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Russian scientists develop new catalyst to boost heavy oil production
Russian scientists at Kazan Federal University have developed a new catalyst based on iron, nickel, cobalt, chromium, and copper to enhance the extraction of highly viscous heavy oil. It has been tested in field conditions at a well in the Samara region.
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Benefit revolutionises digital gifting with new innovative feature
Benefit, a leader in fintech sector, has unveiled a new feature within its BenefitPay app, enhancing the digital gifting experience for users. The Hadeya enables users to seamlessly send gift cards with a designated monetary value to family and friends.
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UAE economy resilient amid global trade war, says expert
As uncertainty lingers over the transition from trade wars to trade deals with the US, global economic confidence remains shaken. However, UAE’s economy remains resilient thanks to stable investment climate and strong global ties.
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Liebherr secures big crane order from Bahraini group Haji Hassan
Liebherr, a leading manufacturer of tower- and mobile construction cranes, has announced that it has received a major order from Bahrain-based crane rental company Haji Hassan for supply of a LTM 1160-5.2 mobile crane and two LTM 1090-4.2 cranes.
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flydubai resumes direct flights to Italian city Pisa
UAE budget carrier flydubai has announced that it has resumed direct flights to the Italian city of Pisa from its hub - Dubai International Airport. It will operate three flights a week to the popular European holiday destination starting from April 1.
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EY-Parthenon eyes $250m investment in AI-powered Edge platforms
EY-Parthenon, a key unit of accounting firm EY and major player in the private equity and M&A sector, is set to make a $250 million investment in its artificial intelligence (AI)-powered Edge platforms working with Microsoft and vendors including OpenAI.
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Shebara Resort featured on TIME's World's Greatest Places List
Shebara, a premium resort owned by Red Sea Global (RSG), has made it to World's Greatest Places 2025 list by TIME Magazine. The listing highlights it as a one-of-a-kind destination offering the perfect blend of luxury, sustainability and natural beauty.
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All-new Audi A5 arrives in Saudi Arabia
Audi Saudi Arabia has welcomed the new Audi A5 and S5 models to the region. Embodying sophisticated design, exhilarating performance, and cutting-edge technology, the Audi A5 lineup represents a bold evolution from the iconic A4 nameplate.
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Saudi communities creating greener, more sustainable kingdom
Communities across Saudi Arabia are driving meaningful environmental change through initiatives ranging from sustainable neighbourhoods to nature reserves, demonstrating the power of local action in fulfilling the kingdom's green ambition, said experts.
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Indian diaspora world’s biggest at 35.4m, says report
The world’s largest diaspora is now made up of Indians which stands at 35.4 million globally, said a report citing a minister. Of this, around 15.9 million are non-resident Indians (NRIs) and 19.5 million are persons of Indian origin (PIOs).
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Vatel partners with Hawar resort to provide training for Bahraini youth
Vatel Hotel & Tourism Business School has forged a partnership with Hawar Resort by Mantis, a pioneering eco-luxury establishment located on the Unesco heritage site of Hawar Island, Bahrain, to provide hands-on training opportunities to local students.
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Myanmar, Thailand earthquake death toll climbs to over 1,000
The death toll from the powerful 7.7 magnitude earthquake in Myanmar jumped to over 1,000 on Saturday. In neighbouring Thailand, up to 100 workers were still unaccounted for after a Bangkok skyscraper under construction collapsed, said media reports.
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