Saudi real estate developer Asas Makeen said it had signed an agreement with a fund managed by BLOM Invest Saudi Arabia to develop a 290-unit residential project on a 16,621-sq-m area within the Al Narjis district in Riyadh. The entire work will be completed in 18 months.
Dubai Electricity and Water Authority (Dewa) has announced that it has ranked first in 13 key performance indicators across its operations, alongside leading regional indicators, demonstrating that excellence in Dubai is measured by impact rather than scale alone.
Saudi Arabia's Knowledge Economic City has announced that it had signed a non-binding term sheet with Albilad Capital for the establishment of a closed-ended private real estate investment fund worth SAR1.5 billion ($400 million), to finance the first phase of its Multaqa Hospitality project in Madinah.
The Rock-It Company, a global leader in mission-critical logistics based in New York providing specialist transport, storage and supply chain solutions for automotive, motorsport, live touring and luxury goods sectors, has set up its Middle East headquarters in Abu Dhabi to oversee its regional operations.
Artificial intelligence (AI) has become a growing strategic focus for luxury companies as consumers increasingly use AI tools during purchasing decisions, although many brands are still working to move beyond experimentation, according to an industry expert.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has opened Explorers, a new indoor family entertainment destination at City Centre Mirdif in Dubai, combining free-play attractions including climbing structures, tunnels and slides with educational workshops.
Qatar has inaugurated its first smart mosque, featuring renewable energy and water-saving technologies, as it seeks to modernise mosque infrastructure and promote sustainability. The complex has been built on a 4,015-sq-m site using a contemporary architectural design.
Hyundai Motor Group today announced the launch of its expanded joint traineeship programme, in collaboration with the Mohammed bin Salman Foundation “Misk”.
Bahrain's Institute for Pearls and Gemstones (Danat) has named a new board of directors led by Chairman Mohamed Ahmed AlSada. The reconstituted board will oversee the institute's pearl, gemstone and jewellery testing services and support its role in the kingdom’s gem industry.
Fitch Ratings has affirmed Saudi Arabia's long-term foreign-currency issuer default rating at "A+" with a stable outlook, citing the kingdom's strong external balance sheets and significant fiscal buffers in the form of deposits and other public sector assets as well as resilience to recent geopolitical tensions.
Emirates Telecommunications Group Company (e&) has announced the termination of its relationship agreement with Vodafone Group and sale of its shares in the company for approximately AED21.8 billion ($5.95 billion).
Abu Dhabi's Integrated Transport Centre (ITC) has inaugurated a central control room to oversee and monitor autonomous vehicle operations across the emirate, as authorities step up efforts to support the rollout of self-driving transport services.
PHD MENA, an Omnicom Media agency, has been appointed as media agency of record for Wynn Al Marjan Island in Ras Al Khaimah.
Qatar's top government body, the Amiri Diwan, has announced that the country's former emir Sheikh Hamad bin Khalifa Al Thani, whose leadership transformed the Gulf state into a global energy powerhouse and raised its international profile, died on Sunday at the age of 74.