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723 LUXURY BEACH VILLAS
Shapoorji Pallonji, Ginco, UNEC win $1.4bn Nakheel project deals
Nakheel has awarded AED5 billion ($1.4 billion) contracts to Shapoorji Pallonji, Ginco and United Engineering Construction Company for the construction of 723 luxurious beach and coral collection villas on the first six fronds of Palm Jebel Ali, Dubai.
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20,000-SEAT FACILITY
Sphere to open its second GenNext leisure venue in Abu Dhabi
Sphere Entertainment Company, an American entertainment holding company, has announced that it is working together with the DCT Abu Dhabi to build the world's second Sphere, a next-generation music and entertainment arena, in the UAE capital.
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140,000 sqm MORE EXPO SPACE
Mace lands DEC Phase 1 project and design management contract
Mace, a key project delivery consultant and construction expert, has secured a Dubai World Trade Centre contract for project, design management services for Phase 1 of its AED10 billion ($2.7 billion) Dubai Exhibition Centre expansion at Expo City Dubai.
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New Murabba project in full swing; Mukaab excavation 86pc complete
New Murabba Development Company, a unit of Saudi wealth fund PIF, has announced steady progress on its groundbreaking urban destination in Riyadh with the excavation work at the iconic Mukaab and surrounding podium sites nearing 86% completion.
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Bang & Olufsen store opens in the Galleria Al Maryah Island
Legend Group, Bang & Olufsen exclusive master dealer in the UAE, has expanded its footprint with the opening of a store in The Galleria Al Maryah Island, Abu Dhabi.
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JinkoSolar wins solar module supply contract for Acwa project
JinkoSolar, a leading PV supplier, has signed a contract with Saudi utility project developer Acwa Power for 3GW photovoltaic modules at its PIF4 project. The contract covers two sub-projects within the PIF4 development - Haden and Al-Khushaybi projects.
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Former CBB official named Singapore Gulf Bank board member
Singapore Gulf Bank, the digital bank backed by Bahrain wealth fund Mumtalakat and privately-held Singapore-based investment firm Whampoa Group, has announced the appointment of Shaikh Salman Bin Isa Al Khalifa as an independent director on SGB’s board.
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Middle East EV market a $54bn opportunity by 2035: Bain
The Middle East electric vehicle (EV) market could reach $54 billion by 2035, with EVs representing up to 64% of new car sales by that time, said Bain & Company in its new report.
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Adnoc completes acquiring majority stake in Fertiglobe
Fertiglobe has announced the successful completion of Abu Dhabi National Oil Company’s (Adnoc) acquisition of OCI Global’s entire 50% +1 share stake in Fertiglobe.
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Spark joins Google unit to launch big Mena tourism initiative
Spark, in partnership with Parachute 16 and with the support of Google.org, has launched the Maharat for Tourism programme which aims to train 25,000 individuals across Middle East and North Africa region by focusing on green and sustainable practices.
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Core42 teams up with AMD to accelerate cloud, AI deployment
Core42, a G42 company and provider of sovereign cloud and AI infrastructure, has signed a collaboration deal with AMD hat will see the two conduct trial for AI, Machine Learning and explore confidential compute for public and private cloud deployments.
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New Škoda Karoq SUV arrives in the Middle East
Škoda Middle East has announced the arrival in the region of the new Škoda Karoq, a compact SUV, known globally for its sleek design and practicality.
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Zayani Motors rolls out all new Mitsubishi XForce
Zayani Motors, the exclusive distributor of Mitsubishi Motors in the Kingdom of Bahrain, has officially unveiled its all-new XForce model in Bahrain. A stylish, versatile and compact SUV, it is targeted at young families and new generation of drivers.
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WHO Investment Round wins $1bn in commitments
The World Health Organization (WHO) has received nearly $700 million in new funding commitments from European countries, foundations and others, and another $300 million in reaffirmed commitments.
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Sphere to open its second GenNext leisure venue in Abu Dhabi
Sphere Entertainment Company, an American entertainment holding company, has announced that it is working together with the DCT Abu Dhabi to build the world's second Sphere, a next-generation music and entertainment arena, in the UAE capital.
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Al Ghunaim & Al Humaidhi Law Firm gets new Kuwait partner
Al Ghunaim & Al Humaidhi Law Firm, a pioneer in commercial litigation, dispute resolution and corporate consulting in Kuwait, has announced the joining of Reem Faisal Al Khalid, an industry veteran with over 17 years of experience, as its new partner.
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Serco and Takamol join forces to drive socio-economic growth
Serco, the international provider of services to governments, has signed a Memorandum of Understanding (MoU) with Takamol Holding, to provide a range of community services to citizens in Saudi Arabia.
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