The AI technology is largely ready, but organisations now face the challenge of closing the gap between AI adoption and effective implementation, said an expert. Falling behind on AI implementation is costing clients and talent with a new research warning of $143 billion at risk in US.
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Etihad Rail, the developer and operator of the UAE's national railway network, is set to launch its first passenger service between Abu Dhabi and the northern emirate of Fujairah on June 30, thus marking a new chapter in the country’s infrastructure development.
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Saudi-based Blacksand has announced a landmark agreement with Marriott International to develop 10 hotels in the kingdom over the next four years. Featuring over 1,300 rooms, it will be developed under a range of Marriott brands spanning the luxury, select-service and extended-stay segments.
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ALUPCO subsidiary Conmarble has inaugurated its first showroom in Riyadh, marking a significant milestone in the company’s growth journey and reinforcing its commitment to supporting Saudi Arabia’s rapidly evolving architecture, design, and construction sectors.
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The United States has granted Iran a 60-day sanctions waiver allowing Tehran to sell oil in US dollars for the first time in decades, marking a significant breakthrough in efforts to secure a lasting peace agreement following the recent conflict in the Middle East.
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Leading Spanish group Técnicas Reunidas has announced that it has secured two major contracts from a national oil company in the Middle East region to provide engineering, procurement, and construction (EPC) services for upstream oil and gas production facilities.
Saudi-based Umm Al Qura for Development and Construction has signed a land sale agreement with Osus Real Estate for three plots with planned investments of about SAR1 billion ($266.3 million) in Makkah city. The project will involve the development of three residential towers featuring 690 apartments.
Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from two leading utility developers - Saudi Arabia's Acwa and Abu Dhabi National Energy Company (Taqa) - for the multimillion-dollar Sitra Independent Water and Power Project being set up in the kingdom on a build-own-operate model.
Fifty-four people have been injured while 18 are missing after an explosion at Qatar's core LNG processing site of Ras Laffan on Sunday, said media reports citing QatarEnergy officials. The blast happened during start-up operations due to a "technical accident" at the Barzan gas supply facility.
Oil prices surged on Monday after US President Donald Trump threatened renewed military action against Iran and warned that Washington could "take over" the Strait of Hormuz if ongoing negotiations with Tehran fail, reigniting concerns over global energy supplies.
The United States and Iran have agreed on a roadmap aimed at reaching a comprehensive peace agreement in 60 days, marking a significant step forward in efforts to end hostilities despite renewed tensions over the Strait of Hormuz.
VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company (Heisco), has secured a contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
Dubai Electricity and Water Authority said it has set up a new wholly-owned independent subsidiary - Dewa International - for developing conventional and clean energy projects worldwide and exporting the emirate's successful energy and water infrastructure model to global markets.
Hassan Allam Holding, a leading engineering and construction company in the Mena region, said one of its key subsidiaries, in a joint venture with UCC Saudi, has secured the contract for Waldorf Astoria Hotel, Residences & Mixed Use Super Block located within the kingdom's mega development Diriyah.
Innovo, a leading construction company across UAE's built environment, has partnered with FieldAI, a physical AI category leader, to bring general-purpose robots to live construction environments across the Middle East. Their first project is Ghaf Woods, a $462 million development in Dubai.
Panametrics, a Crane business and a leader in flare measurement, said it has launched the most advanced ultrasonic flare transmitter on the market, PanaFlare XGF1100, developed to improve how industries monitor and manage flare systems. It is mainly designed for use across oil & gas, chemical and other process industries,
Marriott Executive Apartments has announced the opening of its newest mixed-use project in Jumeirah Lakes Towers, Dubai. Developed by Orra Hotel Apartments, the key property features 150 apartments with a mix of one- to three-bedroom units along with premium lifestyle amenities.
Sharakah, Oman’s leading SME development company, has announced a strategic collaboration with Gulf Technical Support (GTS), a specialist in the supply, installation and maintenance of heating, ventilation, and air conditioning (HVAC) systems across the sultanate.
The AI technology is largely ready, but organisations now face the challenge of closing the gap between AI adoption and effective implementation, said an expert. Falling behind on AI implementation is costing clients and talent with a new research warning of $143 billion at risk in US.
Palma Development has awarded the piling and shoring works contract for Phase II of its Serenia District, a AED5 billion ($1.36 billion) master-planned community in Jumeirah Islands. Also it has completed the foundation works at a signature tower located within the first phase of the key development.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, has announced that it has received first-time corporate credit ratings from S&P Global Ratings and Moody’s Ratings, alongside the establishment of a $1.5 billion senior unsecured sukuk programme.
Saudi Arabian companies are seeing tangible returns from artificial intelligence as investment becomes more disciplined and workforce preparation gathers pace, said a new survey, adding AI is moving beyond experimentation and into mainstream business use.
Standard Chartered has announced its intention to explore the sale of its wealth and retail banking (WRB) business in the Kingdom of Bahrain, as it further sharpens focus on businesses and client segments. The bank will maintain its presence in Bahrain through corporate and investment banking franchise.
The AI technology is largely ready, but organisations now face the challenge of closing the gap between AI adoption and effective implementation, said an expert. Falling behind on AI implementation is costing clients and talent with a new research warning of $143 billion at risk in US.
The Global AI Show Riyadh 2026, taking place on June 29 and 30, has unveiled its first line-up of thought leaders, policymakers, innovators, and global AI experts set to drive the direction of artificial intelligence and put it on the edge of innovation until 2026.
Nissan Middle East closed Fiscal Year 2025 (April 2025 to March 2026) by delivering a landmark financial and commercial performance, concluding the period as the most profitable year on record for the regional entity.
Saudi Arabia is hosting the Global Games Show in Riyadh which runs until June 30, bringing together leading esports executives, game developers, investors, policymakers and industry experts as the kingdom seeks to strengthen its position as a global hub for gaming and digital entertainment.
Saudi Arabia is hosting the Global Games Show in Riyadh which runs until June 30, bringing together leading esports executives, game developers, investors, policymakers and industry experts as the kingdom seeks to strengthen its position as a global hub for gaming and digital entertainment.
