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Lulu Retail increases IPO size ot 30% of total shares
Lulu Retail Holdings, the largest and fastest growing pan-GCC full-line retailer, has announced an increase in the size of its initial public offering (IPO) on the the Abu Dhabi Securities Exchange (ADX).
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PROJECTS TO BENEFIT 6m PEOPLE
Dubai's $4.36bn roads plan to cover 22 projects
Dubai's AED16 billion ($4.36 billion) 2024-2027 Main Roads Development Plan will add 22 projects across the emirate's expanding road network, benefiting over 6 million people and supporting Dubai’s comprehensive development plans, it has been revealed.
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1.2km GREEN BOULEVARD
Beyon unveils plans for 380,000 sq m Digital City in Bahrain
Bahrain's leading telecom and technology group Beyon plans to set up a 380,000 sq m Digital City at Hamala in partnership with Bahrain Real Estate Investment Company (Edamah). At the heart of the development lies a 1.2 km green, vehicle-free, boulevard.
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Saudi Arabia working on $798m road infrastructure projects
Saudi Arabia has announced plans to implement road infrastructure projects in Riyadh region at a cost of SAR3 billion ($798 million). The scope of work includes development of 18 road projects running 516 km long, as well as key maintenance projects.
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Squatwolf opens first flagship store in Dubai Mall
Squatwolf, a top homegrown gym-wear fitness brand, has opened its first flagship store in the iconic Dubai Mall, with plans to expand across the UAE and the GCC region with store launches by the end of 2025, and build the ever-growing wolf pack.
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Petrofac secures key Bapco Upstream project contract
Petrofac, a key provider of oilfield services, has been awarded a multi-million-dollar contract by Bapco Upstream (formerly Tatweer-Bahrain Field Development) to further boost its production in the kingdom. The entire work will be completed in two years.
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Resilience, future-ready strategies in spotlight at Gateway Gulf 2024
Resilience, innovation, and future-ready strategies took centre stage at Gateway Gulf 2024 in Bahrain, as 250 distinguished attendees, including government ministers and business leaders from around the world, convened for the key investment forum.
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Finding smart ways to fill skills and drive growth
Bridging the expertise gap requires more than just accessing external knowledge – it is a holistic approach that recognises the value of talent within a culture of shared growth.
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Alba joins forces with Array Innovation to rev up 4IR transformation
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has partnered with Array Innovation, a cloud-native digital solutions leader to accelerate its Industry 4.0 journey through advanced AI, data analytics and automation solutions.
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Red Sea Global likely to spend another $27bn by 2030: Report
Red Sea Global, the developer of regenerative tourism hubs, The Red Sea and Amaala, is likely to spend another $27 billion over the next six years to push ahead with developments that are designed to draw more tourists to the kingdom, reported Bloomberg.
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Beyon unveils plans for 380,000 sq m Digital City in Bahrain
Bahrain's leading telecom and technology group Beyon plans to set up a 380,000 sq m Digital City at Hamala in partnership with Bahrain Real Estate Investment Company (Edamah). At the heart of the development lies a 1.2 km green, vehicle-free, boulevard.
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Binghatti unveils $1.36bn waterfront project in Business Bay
Dubai developer Binghatti Developers has announced the launch of its newest icon - Binghatti Skyrise - in the Business Bay area. The architectural masterpiece will boast more than 3,000 residential units designed in a contemporary style.
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MG Motor celebrates 100 years with 3 model launches at JIMS
MG Motor Middle East made three key launches at this year’s Jeddah International Motor Show (JIMS).
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Julphar announces divestment from Zahrat Al Rawdah
Gulf Pharmaceutical Industries (Julphar) has announced its divestment from Zahrat Al Rawdah Pharmacies, which will be taken over by BinDawood Holding for a total cash consideration of SR444.1 million ($118.25 million).
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RCU announces discovery of bronze age town in Saudi Arabia
The Royal Commission for AlUla has announced that a new archaeological research has revealed an exceptional bronze age town in the Khaybar oasis of north-west Saudi Arabia. This discovery reinforces the kingdom's efforts in protecting cultural and histori
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JP Morgan Payments goes on hiring spree in Bahrain
JP Morgan Payments, a key provider of commerce, cross-border payments, trade, working capital and liquidity optimization services, is set to hire software engineers and technologists in Bahrain, in a major boost to the kingdom's highly skilled workforce.
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Bahrain agri firm becomes part of Mumtalakat's food holding company
Bahrain's sovereign wealth fund Mumtalakat has announced that it has entered into a deal with the Ministry of Finance, National Economy to fully transfer the kingdom's agriculture development company Gheras to its key unit - Bahrain Food Holding Company.
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