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Sale of units at Dubai's 131-storey Burj Azizi begins
UAE-based Azizi Developments has announced the sales launch for its new landmark, Burj Azizi, which on completion, is set to be world’s second tallest tower at 725m. The 131-storey building offers a mix of residential, hotel, retail and leisure spaces.
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Damiani joins Panerai to open new luxury outlet in Madrid
The Damiani Group, a leading player in the luxury sector, has announced the opening of its new outlet in the heart of Spanish capital Madrid in partnership with renowned Swiss manufacturer of high-end watches Panerai.
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German group to build big heat exchanger facility in Dubai
German technology group Allied Heat Exchange (A-HEAT) has announced plans to develop the largest heat exchanger production facility in GCC. Spanning 1.2 million sq ft, the built-to-suit facility will be located within DP World’s flagship free zone Jafza.
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Takatuf turns cornerstone investor for Umm Al Qura IPO
Leading Saudi developer Umm Al Qura said it has signed a binding investment agreement with Takatuf, a unit of Abdullah Sulaiman Al Rajhi for its IPO. As the cornerstone investor, Takatuf is committed to a subscription of a total of 8.87 million shares.
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Majority plan more vacations this year, finds survey
The travel market is set to grow in 2025 with 84% of people participating in a survey planning to go on the same amount or more holidays this year, compared to 2024.
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Global firms setting up Saudi HQ doubles to 600; nets $320bn FDI
Saudi Arabia has announced tremendous response from global companies in joining the kingdom's growth story with nearly 600 firms set to open their headquarters within the country, thus taking its total investments to SAR1.2 trillion ($320 billion).
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Saudi's flynas to take delivery of over 100 Airbus planes by 2030
Saudi budget carrier flynas is likely to receive more than 100 Airbus planes over the next five years, as part of its broader deal for 280 Airbus jets, said a top official. The airline aims to operate 160 aircraft by 2030 in bid to meet growth targets.
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Northstar Technology, HFCL announce strategic partnership
Northstar Technology, a leading ICT and telecom solutions provider, and HFCL, a global leader in telecom infrastructure and technology, have announced a strategic partnership during the 14th annual Fiber Connect MENA Conference and Exhibition in Dubai.
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Hilton Tower Race set for March 8
Hilton Dubai The Walk, in partnership with the Al Jalila Foundation, is hosting The Hilton Tower Race 2025 on March 8.
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Musk's company in deal to develop Dubai Loop project
Roads and Transport Authority (RTA) has signed an agreement with Elon Musk's Boring Company for the development of 'Dubai Loop' project. A 17-km-long underground transport system, it features 11 stations that can handle over 20,000 passengers per hour.
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Sudair Pharma to set up new insulin plant in Saudi Arabia
Saudi-based Sudair Pharma Company has laid the foundation stone for its new insulin plant coming up in the Sudair City. The plant is expected to produce 15 million insulin pens per annum, which will cover the needs of 500,000 patients in its first year.
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Big 5 Construct Saudi kicks off with new two-week format
Big 5 Construct Saudi is back in Riyadh for its 13th edition in a new format, at a time when the kingdom's construction sector is undergoing a transformation fuelled by the opportunities from a trillion-dollar pipeline of projects, said the organiser.
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American School of Bahrain gets key AI endorsement from US body
American School of Bahrain said it has become one of the first 10 schools worldwide, and the first in the GCC, to receive the Responsible AI in Learning (RAIL) endorsement from Middle States Association, a US accreditation body for colleges and schools.
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PIF named title sponsor for Saudi ladies golf tournament
Golf Saudi has announced that PIF is the new title partner of the renamed PIF Saudi Ladies International, a partnership which also sees the prize money for the tournament equaling with the men’s contest, underlining PIF’s commitment to inclusion in sport.
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