Gulf Industry Online

February issue is out read it online on https://lnkd.in/dSPrm59K Featuring exclusive report on Artificial Intelligence #GInews #logistics #emergingmarkets #AI #alba #plastics #industry40 #cybersecurity #blockchain

Saudi Arabian Mining Company (Maaden) has announced an extension of the validity period of the non-binding heads of terms with Aluminium Bahrain (Alba), by which the parties need to sign a binding agreement in relation to the proposed transaction, to the second quarter of 2025. Read more on https://lnkd.in/dZHmPmWZ #GInews

UAE companies are adopting cloud computing at a high rate and plan significant investment in AI within the next 15 months, a YouGov survey commissioned by SAP shows.  Read more on https://lnkd.in/d__46Gki #GInews

The General Civil Aviation Authority (GCAA) has granted CAR 145 approval to Falcon Technic for launching its maintenance, repair, and overhaul (MRO) operations in UAE.    This milestone was unveiled at the Middle East and North Africa Business Aviation Association (MEBAA) Show 2024, reinforcing the UAE's standing as a global leader in aviation innovation and excellence. Read more on https://lnkd.in/d4-2hfbS #GInews

Dubai’s annual CPI (consumer price index) inflation rate accelerated to 3.0% y/y in November, up from 2.4% the previous month.    This marked the fastest pace of annual price growth since August, while on the monthly measure inflation was at 0.5%, up from 0.2% in October, according to Emirates NBD Research.  Read more on https://lnkd.in/dmfGeRPX #GInews

Etihad Water and Electricity (EtihadWE) has signed a Memorandum of Understanding (MoU) with New York University Abu Dhabi to explore areas of collaboration in electricity and water.  Read more on https://lnkd.in/dpBQiG_q #GInews

Minerals Development Oman has signed a concession agreement with the Ministry of Energy and Minerals to develop concession area 51k in the Al Wusta Governorate, marking the official launch of the Naqa Salt project. Read more on https://lnkd.in/dgCwGz4F #GInews 

ENGIE, a global leader in low-carbon energy and services, is thrilled to announce that its innovation arm in APAC and Middle East, Engie Factory, has developed and invested in ForeSea, a new seawater intelligence startup in the GCC.  Read more on https://lnkd.in/d_p88Ewb #GInews

ExxonMobil has announced its corporate plan to 2030, creating a platform to further extend the company’s track record of delivering leading shareholder value. Read more on https://lnkd.in/dDR-yTfY #GInews

Bahrain’s payments industry is projected to experience strong growth, with total revenues anticipated to reach $1.37 billion by 2028, according to the latest Global Payments Report 2024 from Boston Consulting Group (BCG).  Read more on https://lnkd.in/dsC2XJR7 #GInews