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Daily Headlines RSS – Thursday

Thursday Headlines

Mining operator on mining machine, underground mine mesh

From fertiliser to minerals, GCC-Brazil ties move beyond oil

Since the start of the year Saudi Arabia and the UAE have moved aggressively to expand their access to mineral resources in Brazil. In turn, Brazil is increasing purchases of Gulf fertilisers as economic links between the countries deepen. The Public Investment Fund-controlled mining giant Ma’aden is gearing up to open its first ever office […]

Reconstructing Turkey after the earthquakes

Turkey’s rebuilding goes on two years after devastating quakes

Two years since twin earthquakes devastated much of Turkey’s southern region, the country is still picking up the pieces. Fewer than one-third of the 680,000 homes lost have been rebuilt so far and 600,000 people are still living in converted shipping containers. More than 53,000 people lost their lives in the February 6 earthquakes, which […]

The UAE's exports to its top 10 trade partners rose by 37.1% year on year, while exports to other countries saw a 13.4% annual increase

UAE’s foreign trade hit new peak of $817bn in 2024

The UAE’s foreign trade expanded last year at seven times the global rate of 2 percent, vice president and prime minister Sheikh Mohammed bin Rashid told the the state-run Wam news agency on Wednesday. Non-oil trade grew by 42 percent year on year to AED135 billion, supported by comprehensive economic partnership agreements (Cepas), accounting for […]

Traffic in Dubai: most Middle East insurance premiums go towards motoring Video length: 04:44

EVs and air taxis will shake up Mena insurance industry

Motor insurance represents more than 50 percent of premiums in developing insurance markets such as the Middle East, says Vinay Surana, managing director for the region at Allianz Partners. The rapid development and introduction of electric vehicles, self-driving vehicles and air taxis will present new risks and demand new approaches and different ways of thinking, […]

Marrakesh Menara airport. Morocco expects airport passenger traffic to reach 60 million by 2030

Morocco aims to double airport capacity by 2030

Morocco expects airport traffic to reach 60 million passengers by 2030 and 90 million by 2035, according to a government official. The growth from 32 million passengers in 2024 is expected as a result of the 2030 Fifa World Cup, which Morocco will co-host with Spain and Portugal, Morocco World News reported, quoting transport and […]

An oil refinery in Oman. Its energy ministry is asking potential investors to contact Scotiabank about the three blocks

Oman invites bids for 3 onshore oil and gas blocks

Oman’s energy ministry has invited investors to bid for three oil and gas concessions. The onshore concessions – Block 36, Block 43A and Block 66 – are close to the sites of previous successful explorations. Scotiabank has been listed as the point of contact for potential investors. The concessions will bring in much needed revenue […]

An impression of the planned water theme park at Qiddiya, Saudi Arabia, being constructed by ALEC

Dubai contractor Alec anticipates $500m IPO

Dubai is hoping to raise up to $500 million from the initial public offering of Alec Engineering and Contracting, according to media reports. Alec, part of the Investment Corporation of Dubai’s portfolio, is behind some of the Gulf’s largest projects including the Wynn Resort in Ras Al Khaimah and the Qiddiya water theme park in […]