With the global sports market set to hit $600 billion by 2030, the Middle East is driving a transformation fueled by investments and tech-enabled innovation. Saudi Arabia, in particular, is emerging as a major benchmark with mega events, said a report.
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Growth in Saudi Arabia’s construction activity shows no signs of slowing, with the output value for the transport, power, oil & gas, industrial, water and building sectors reaching $148 billion in H1 2024, up 4.6% over the previous year, said a report.
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Hong Kong-based architecture group LWK + Partners has unveiled Saudi Arabia's pioneering national technology and cybersecurity district - Pulse Wadi - being set up on a 600,000 sq m area in Riyadh at an investment of SAR12.1 billion ($3.2 billion).
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The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.
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The Middle East continues to distinguish itself as a global economic outperformer, with UAE and Saudi leading the charge. While GDP growth is set at 3.2% this year, UAE will grow by 4% and KSA 3% with further acceleration seen through 2027, said a report.
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Japanese crane manufacturer Tadano said it has acquired the transportation system business of IHI Transport Machinery, a key unit of IHI Corporation, thus marking a strategic milestone in the company's ongoing efforts to expand its product portfolio.
Wynn Al Marjan Island, the UAE’s first gaming resort coming up in Ras Al Khaimah, has unveiled the first look of its ultra luxury offering - Enclave featuring 313 residences - including six distinct layouts, ranging from suites to two-storey apartments.
At least four leading international contractors or consortia are vying for a major contract from QatarEnergy LNG worth upto $5 billion for the next expansion phase of its massive North Field Production Sustainability (NFPS) project, said a report.
With global tourist trips set to hit 30 billion by 2034 and tourism outpacing economic growth, Saudi Arabia has become a cornerstone in this transformation as a key destination and home to some of the most ground-breaking investments, said a WEF report.
Kleindienst Group has unveiled the concept design of Hygge Hotel, a 96-key property coming up at its key destination, Heart of Europe, Dubai. Its partner, HWKN Architecture DPC has pioneered a new approach, merging AI with architecture for the project.
Saudi Principal Buyer has signed a power purchase agreement (PPA) with a consortium of Japanese group Marubeni and Abdulaziz Al Ajlan for the 700MW Yanbu Wind Energy project, being set up at a total investment of over SAR1.7 billion ($458 million).
Google has announced the launch of Veo 3, its video generation model that enables people to bring their creative vision to life through a mesmerising combination of visuals and sound. Veo 3 is now accessible to all Google AI Pro subscribers across the reg
Saudi Ports Authority (Mawani) has broken ground on a 17-km-long logistics corridor linking Jeddah Port to Al Khumrah Logistics Park. For the key project, 12 bridges will be built along the route to facilitate the movement of trucks.
Abu Dhabi's hotels generated revenues of AED847 million ($230 million) in April, underscoring its growing appeal as a global tourism hub. A total of 172 hotels were in operation offering 34,383 rooms with guest nights topping 1.52 million, said a report.
With the global sports market set to hit $600 billion by 2030, the Middle East is driving a transformation fueled by investments and tech-enabled innovation. Saudi Arabia, in particular, is emerging as a major benchmark with mega events, said a report.
Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performanc
The King Abdullah Financial District has been awarded a Guinness record for the world’s largest pedestrian skyway network. Spanning 15.4km, the KAFD structure links the district’s 95 buildings through 42 interconnected climate-controlled skywalks.
Achilles, a global leader in supply chain risk and performance management, said it has secured a major contract from Saudi petrochemical manufacturer Sipchem to support its drive for operational excellence, responsible sourcing and enhanced ESG performanc
The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.
With the global sports market set to hit $600 billion by 2030, the Middle East is driving a transformation fueled by investments and tech-enabled innovation. Saudi Arabia, in particular, is emerging as a major benchmark with mega events, said a report.
Saudi-based Alfaisal University has signed a landmark agreement with Japan’s MEDiDENT aimed at setting a gold-standard model for equitable, tech-powered healthcare innovation, elevating both nations as co-architects of global health progress.
Saudi-based Alfaisal University has signed a landmark agreement with Japan’s MEDiDENT aimed at setting a gold-standard model for equitable, tech-powered healthcare innovation, elevating both nations as co-architects of global health progress.
Americana Restaurants has inked an exclusive franchise agreement with Greek lifestyle brand Carpo renowned for its nuts, artisanal chocolates and refined coffee. As per the deal, Americana will be able to build, operate Carpo stores in Kuwait and Qatar.
Dubai Investments has announced the promotion of Mushtaq Masood to the post of Chief Operating Officer. As COO, he will be responsible for leading the group’s operational strategy as well as enhancing efficiencies and overseeing mergers and acquisitions.
Hong Kong-based architecture group LWK + Partners has unveiled Saudi Arabia's pioneering national technology and cybersecurity district - Pulse Wadi - being set up on a 600,000 sq m area in Riyadh at an investment of SAR12.1 billion ($3.2 billion).
Roads and Transport Authority has signed a deal with Pony.ai, a specialist in autonomous driving tech, to begin pilot trials of driverless vehicles in Dubai. Pony.ai recently unveiled 7th generation vehicles jointly developed with top global car makers.
The King Abdullah Financial District has been awarded a Guinness record for the world’s largest pedestrian skyway network. Spanning 15.4km, the KAFD structure links the district’s 95 buildings through 42 interconnected climate-controlled skywalks.
The Avenues – Bahrain, the largest seafront shopping and entertainment destination in the kingdom, has launched its two-month-long Shop & Win summer campaign, offering shoppers a chance to win the grand prize - a 2025 Maserati Grecale Modena SUV.
