Author: Sam Allcock

A new large-scale logistics development is set to reshape the industrial landscape of Northern Dubai, with the official launch of Terralogix — the emirate’s largest privately owned logistics park. The project is a joint initiative between UAE-based firms Dutco and Sweid & Sweid, and forms part of Dubai’s broader ambitions to become one of the world’s top five Grade-A logistics hubs. The 3.3 million square foot logistics park will be developed in Warsan, a strategic location in Northern Dubai, offering direct highway connectivity and convenient access to the city’s airports and seaports. The site is expected to become a critical…

A new global initiative has been launched to recognise the world’s most exceptional travel destinations, with the announcement of the TOURISE Awards, a programme created to honour places that are redefining what it means to travel. Backed by Saudi Arabia’s Ministry of Tourism and part of the broader TOURISE platform, the awards aim to spotlight destinations that deliver not only memorable experiences but also meaningful and measurable impact across the tourism journey. Nominations are now open and will remain so until 9 July 2025. Winners will be honoured at the TOURISE Summit, scheduled to take place in Riyadh from 11…

VOOPOO, a global leader in vaping technology, will present its latest product innovations at the upcoming World Vape Show Dubai 2025, running from 18–20 June. The brand will be exhibiting at Booth 2120, offering an exclusive first look at advanced vaping systems powered by its newly developed iCOSM CODE 2.0 technology. The iCOSM CODE 2.0 platform aims to deliver a superior user experience through enhanced leak resistance, consistent flavour output, and improved coil longevity. The upgrade includes Liquid-Seal Shield technology—featuring a copper sleeve around the coil to prevent leakage for up to 30 days, even in high heat. According to…

Hotpack, the UAE-based leader in sustainable food packaging, has announced a $100 million investment to establish its first North American manufacturing and distribution facility in Edison, New Jersey. The announcement, made in Dubai alongside New Jersey Governor Phil Murphy, signals a significant step in Hotpack’s international expansion strategy and aligns with the company’s 2030 Vision for global growth. The state-of-the-art facility will span 70,000 square feet and is expected to be operational by June 2025. It will create 200 jobs in its first five years, with further employment opportunities anticipated as operations expand. The plant will focus on customized food…

TCL, the world’s No. 2 TV brand and a global leader in consumer electronics, has announced the expansion of its partnership with Arsenal Football Club to a global scale, naming the brand as Arsenal’s Official Global Consumer Electronics Partner. The announcement marks a significant evolution in the relationship between the two powerhouse brands, who first partnered regionally in the UK, Middle East, and Africa in 2023. The move brings their shared vision of innovation, performance, and community engagement to a worldwide audience. “We are proud to elevate our partnership with Arsenal to a global level,” said Sunny Yang, General Manager…

Hedge funds slashed their U.S. dollar exposure and piled into crude oil and other key commodities last week, positioning themselves ahead of a sharp escalation in Middle East tensions, according to Saxo Bank’s latest Commitment of Traders (COT) report. Ole Hansen, Head of Commodity Strategy at Saxo Bank, said speculative investors ramped up bearish dollar bets and embraced risk assets like crude and platinum, buoyed by optimism over U.S.–China trade relations and seasonal strength in energy markets. Data from the Commodity Futures Trading Commission (CFTC) covering the week ending June 10 showed a 31% surge in gross short positions on…