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Hyundai consortium wins $1.7bn Saudi gas project contract
Hyundai Engineering has secured a super-large gas plant construction contract worth 2 trillion won ($1.7 billion) from Saudi Arabia’s state-run oil company Aramco. The scope of work includes building facilities for processing gas and sulphur recovery.
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Store Makers sets up retail interior powerhouse for Middle East
The Store Makers in the Middle East is set to bring three strong brands under one roof starting from January 1. The new entity aims to be a powerhouse for retail interiors in the region with its substantial manufacturing capacities and retail expertise.
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Aramco awards $10bn EPC contracts for big Saudi gasfield
Energy giant Aramco has awarded subsurface and EPC contracts worth $10 billion for the vast Jafurah field development, the largest non-associated gas field in Saudi Arabia. Its overall lifecycle investment at Jafurah is likely to exceed $100 billion.
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Batelco unveils first digital financial super app in Bahrain
Bahrain's telco firm Batelco has announced the launch of its new Beyon Money brand, said to be the first digital financial super app in the kingdom. It comes in line with Batelco's strategy to move beyond its core business and venture into the world of Fi
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What makes Colombia the next ecotourism hotspot
Tourism is one of the growing economic sectors of Colombia; it managed to attract millions of visitors to the country, thanks to its welcoming people, numerous festivals, creative culture, and biodiversity.
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Al Masaood Group seals three deals with global companies
Al Masaood Group closed three separate major deals with leading global firms at the recently concluded Abu Dhabi International Petroleum Exhibition and Conference (Adipec), making it its biggest and most successful participation yet.
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Millennium signs deal to operate Copthorne Al Basateen Jeddah
Millennium Hotels and Resorts MEA, one of the fastest-growing hotel management companies in the region, has signed a new hotel management agreement for Millennium Hotels and Resorts MEA - Copthorne Al Basateen Jeddah Hotel.
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5G networks to cover more than two billion people this year
It is estimated that 5G networks will cover more than two billion people at the end of 2021, even as there has been a 300-fold increase in mobile data traffic since 2011.
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Pakistan Navy 'committed to maritime safety'
A contingent of three ships from the Pakistan Navy led by Mission Commander Commodore Rehan Ali Khan has made a goodwill visit to the Kingdom of Bahrain, reiterating its commitment to the region's maritime security.
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BMW Concept XM – going beyond conventions
BMW M GmbH is presenting an expressive new vehicle concept on the global stage for the first time – the BMW Concept XM – at Art Basel’s 2021 Miami Beach show. It will be the most powerful BMW M car ever to go into series production.
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GFH buys US medical offices portfolio; assets top $400m
GFH Financial Group has acquired $200 million worth of medical offices portfolio in the US comprising 11 assets and 400,000 sq ft of space. With this deal, the Bahrain-based group's total healthcare portfolio in the US has surged to over $400 million.
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KNCC opens new 13-screen cinema in Kuwait mall
Kuwait National Cinema Company (KNCC) has announced the official opening of a 13-screen cinema in the capital city’s newest retail destination, Assima Mall. The Cinescape boasts more than 1,300 seats across two floors offering upscale auditoriums.
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47pc energy professionals in Middle East plan job switch
Almost half of all energy workers in the Middle East are considering leaving the energy industry within the next five years, according to a new research.
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Red Sea Fund picks film projects for its first cycle funding
The Red Sea Fund will support over 90 carefully selected film projects from Saudi Arabia, the Arab World and Africa from over 650 submissions.
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