Kuwait’s economic growth (real GDP) projection for 2024 was revised by the World Bank to 2.8% year-on-year, higher than the 2.6% y-o-y forecasted earlier in January 2024 owing to expectations of phasing out of Opec+ production cuts, according to Markaz.
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has officially announced the nomination of artist and calligrapher Diaa Allam as a laureate for the 20th edition of the UNESCO-Sharjah Prize for Arab Culture.
Lumofy, a leading provider of talent management solutions, has announcd that Dar Wa Emaar, a real estate company in Saudi Arabia, has joined Lumofy’s growing customer base.
Saudi-based Alkhorayef Water and Power Technologies Company has secured a contract worth SAR1.72 billion ($458 million) from the National Water Company for the operation and maintenance of sewage treatment plants in the Al Ahsa city.
Emirates Global Aluminium (EGA), a premium aluminium producer in the region, has announced that it has completed the acquisition of Leichtmetall Aluminium Giesserei Hannover, a major European speciality foundry in high-strength recycled aluminium.