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MAJOR GLOBAL LOGISTICS HUB
KSA to expand rail network to over 8,000 km, says minister
The Kingdom of Saudi Arabia is set to experience unprecedented growth in its rail network, expanding to more than 8,000 km in the coming years. This expansion will further solidify the country's position as a global logistics hub, said a senior minister.
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FOR RESIDENTIAL, MIXED-USE SPACE
Jadwa Investment inks $2.4bn Saudi real estate project deals
Jadwa Investment, a leading investment management and advisory firm in Middle East, has awarded real estate contracts worth SAR9 billion ($2.4 billion) to address the growing demand for quality residential, commercial and mixed-use spaces in the kingdom.
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ARTS, OFFICE, RESIDENTIAL ZONES
Diriyah unveils plans for mega districts within $63bn project
Diriyah Company has announced two high-profile developments - Qurain Cultural District and Northern District - within its $63.2 billion Diriyah project featuring arts, retail, office and residential spaces as well as a museum, university and library.
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TECHNOLOGY
5G Advanced to be the upgrade that 'will transform daily life'
The upcoming era of 5G Advanced has the power to do more than just improve personal device speeds; it aims to make networks smarter, more efficient and more responsive to real-world needs in ways that could impact everyone.
Top Trade News
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Arada starts works at Armani Beach Residences at Palm Jumeirah
Leading UAE developer Arada has started piling and shoring works at its ultra-luxury Armani Beach Residences at Palm Jumeirah project in Dubai being developed in partnership with Armani/Casa Interior Design Studio and top Japanese architect Tadao Ando.
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Ferragamo opens renovated boutique at Dubai Mall
Ferragamo, an Italian luxury fashion house, has announced the opening of the newly renovated women’s and men’s boutique at Dubai Mall.
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SEC launches groundbreaking carbon capture project at Rabigh plant
Saudi Electricity Company (SEC) has announced that it had collaborated with King Abdullah University of Science and Technology (KAUST) to launch the world’s first-of-its-kind research project to capture carbon and pollutants at the Rabigh Power Plant.
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Kuwaiti bank NIC announces 3.2pc stake sale in Kuwait bourse
Kuwait-based bank National Investment Company has announced the successful divestment of a 3.2% stake in the national stock exchange operator Boursa Kuwait for $43 million. Following the transaction, NIC retains a significant 12.5% shareholding in the bou
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Industry efforts to support, enable, leverage and regulate AI
AI continues to reshape the data centre industry, a reality reflected in the projected 2025 data centre trends from Vertiv, a global provider of critical digital infrastructure and continuity solutions.
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Austrian group in deal to boost KSA mining, construction sectors
Austrian group MCI, a mining and material handling machinery leader, has signed a deal with Saudi-based Within Construction for Contracting that will see the duo deliver advanced, integrated solutions to the kingdom's mining and construction sectors.
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Gulf Air announces return to AlUla as a seasonal destination
Bahrain's national carrier Gulf Air has announced its return to AlUla (ULH) in Saudi Arabia as a seasonal destination from November 26 to February 25, 2025. The airline will be operating two weekly flights using an A320 aircraft.
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Nvidia beats expectations again, reports 94pc revenue growth
Nvidia, a key player in the AI-driven revolution, has once again surpassed expectations, delivering a staggering 94% revenue growth for the quarter and exceeding consensus by nearly $2 billion.
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Foster + Partners unveils Bilaj Al Jazayer Beach masterplan
Foster + Partners has unveiled the designs for Bilaj Al Jazayer Beach masterplan that will create a dynamic new destination in Bahrain. Spanning 3.5km of beachfront, the walkable mixed-use district provides homes, hotels, retail units and green spaces.
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Nissan Patrol 2025 arrives at Al Masaood showrooms
Al Masaood Automobiles, the authorised distributor of Nissan in Abu Dhabi, Al Ain, and the Western Region, has announced the arrival of the all-new V6 SE Nissan Patrol 2025 at its showrooms.
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Ethara picks Aggreko as Official Sustainability Partner
Ethara has announced Aggreko Middle East as its Official Sustainability Partner.
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Danish beauty Victoria is the new Miss Universe
Victoria Kjær Theilvig of Denmark has been crowned Miss Universe 2024, becoming the first Dane to ever win the competition. The 21-year-old, a competitive dancer, entrepreneur and aspiring lawyer, beat over 120 other contestants to win the coveted title.
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PwC to acquire top Saudi consultancy Emkan Education
PwC Middle East is set to acquire Emkan Education, a Saudi consultancy specialising in skills development and advisory services, to help build a future-ready education ecosystem that empowers the next generation of leaders and innovators in the region.
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Forbes Middle East reveals its 30 Under 30 2024
Pilot Maya Ghazal; journalist, activist and filmmaker Bisan Owda; Communications Manager at Google Mena, Marwa Khost figure in Forbes seventh annual flagship 30 Under 30 list.
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