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Industry
MISA, China’s Goldenport sign $20 million agreement to drive investments in motor sports, automotive sectors
The deal is part of MISA's commitment to enhancing flexibility in licensing procedures and investor services
Hospitality & Tourism
South Korea’s H2O Hospitality establishes regional headquarters in Abu Dhabi
The new headquarters will serve as a catalyst for the company's international expansion beyond Asia
Logistics
ADNOC L&S achieves $620 million in 2023 net profits
A 138 percent YoY increase
Technology
WGS 2024: UAE AI Office partners with Emirates Global Aluminium to accelerate AI adoption in industrial sector
Agreement aims to foster research partnerships for AI, including the development of new aluminum alloys
Economy
113th Arab Economic & Social Council: UAE reiterates support for joint efforts to achieve sustainable economic development
H.E. Bin Touq highlights UAE’s keenness to strengthen Arab level cooperation in new economy sectors
Logistics
AD Ports Group reports $370.28 million in net profit for 2023
Growth primarily driven by the Maritime & Shipping, Ports, Logistics, and Digital Clusters
Banking & Finance
Saudi Arabia’s 2023 budget generates $322.6 billion in revenues
Non-oil revenues in 2023 surged by 11 percent YoY
Markets
Saudi Arabia closes February sukuk issuance at $2.09 billion
Issuance was divided into three tranches
Banking & Finance
Air Arabia sees net profit rise 27 percent to $408 million in 2023
Driven by expanding operations, new routes fuel growth
Logistics
UAE, India forge trans-continental trade corridor agreement
Building bridges, expanding regional connectivity
Technology
WGS 2024: Omar Al Olama launches Building Responsible Artificial Intelligence Forum
AI market to grow by 33 percent in 2024, reaching around $20 billion by 2025
Banking & Finance
WGS 2024: OPEC fund commits $27 billion to support 4,000 development projects in 125 countries
UAE played key role in supporting OFID's sustainable development initiatives
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