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POWERING LOGISTICS HUBS
GWC plans major solar energy projects in Qatar
Gulf Warehousing Company (GWC) has announced the launch of one of the GCC’s largest private solar energy projects - supercharging its sustainability efforts and cementing its role as a trailblazer in green logistics.
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RECORD DEVELOPMENT BACKLOG
Aldar Properties profit before tax jumps 33% to $599m
Aldar Properties has reported a 33% year-on-year increase in profit before tax to AED2.2 billion ($599 million) for the first quarter of 2025, with net profit after tax rising by 22% year-on-year to AED1.9 billion.
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CHINA JV WINS CONTRACT
Diriyah awards $1.13bn deal to relocate KSU facilities
Diriyah Company has awarded a $1.13 billion (SAR4.225 billion) construction contract to relocate the existing utilities and administration offices of King Saud University (KSU) within the Diriyah masterplan.
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OPINION
Investors have every reason to cheer - despite tariff chaos
From fresh tariffs and fracturing alliances to recession warnings, the headlines scream turmoil. But for investors willing to tune out the noise and focus on the underlying data, there are solid reasons to stay positive, said an financial expert.
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ANALYSIS
$22bn on table - Are GCC utilities ready to seize the opportunity?
The GCC utilities sector has the potential to cut operational costs by 30% through a mix of short-term tactical actions and key changes to how utilities operate, said a report. This can generate $22 billion in savings over the next decade, said a report.
Top Trade News
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US Green Building Council launches new LEED rating system
The US Green Building Council (USGBC) has launched LEED v5, the latest version of its flagship LEED (Leadership in Energy and Environmental Design) green building programme.
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Dubai Holding opens new mixed-use lifestyle hub at Nad Al Sheba
Dubai Holding Asset Management, a key player in the retail sector, has announced the official opening of Nad Al Sheba Mall, a mixed-use lifestyle destination featuring a selection of over 100 stores spanning fitness, retail, entertainment and F&B.
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Digital innovations will revolutionise energy, other sectors: report
The transformative impact of emerging technologies, particularly AI, is projected to generate an annual economic value of $11 trillion to $18 trillion, by revolutionising industries such as energy, logistics and manufacturing, according to a new report.
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Oman projects 3.4% economic growth for 2025
Oman’s GDP is expected to grow by 3.4% this year, outperforming many global economies, said Qais bin Mohammed Al Yousef, Minister of Commerce, Industry, and Investment Promotion.
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Investors have every reason to cheer - despite tariff chaos
From fresh tariffs and fracturing alliances to recession warnings, the headlines scream turmoil. But for investors willing to tune out the noise and focus on the underlying data, there are solid reasons to stay positive, said an financial expert.
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Mawani signs deal to set up vehicles logistics park at Dammam port
The Saudi Ports Authority (Mawani) has signed an agreement with Alissa Universal Motors, a subsidiary of Abdullatif Alissa Group Holding, to establish a logistics park at King Abdulaziz Port in Dammam.
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Experts at ATM say business events boost socio-economic growth
On the opening day of Arabian Travel Market (ATM), UAE tourism leaders and representatives from ICCA and IAPCO discussed how major events and festivals are driving socio-economic growth in the UAE, gathered on the Business Events Stage.
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DFF, Google Cloud launch strategic AI upskilling initiative
Dubai Future Foundation and Google Cloud have announced a strategic upskilling initiative aimed at deepening the applied expertise of AI leaders and fast-track the emirate’s ambitions in line with Dubai Universal Blueprint for Artificial Intelligence.
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ORA unveils key coastal community project on Abu Dhabi-Dubai border
ORA Developers has unveiled Bayn, a 4.8 million-sq-m coastal community project on Abu Dhabi-Dubai border featuring a 1.2-km private beachfront, a marina, lagoons and a business park. The first phase, comprising 464 residences, is set for 2028 handover.
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Abu Dhabi expands RoboTaxi service with Autogo, Apollo Go
Abu Dhabi's Integrated Transport Centre (Abu Dhabi Mobility) has expanded the Autonomous RoboTaxi service trials in collaboration with Autogo, a specialist in autonomous mobility solutions and a subsidiary of Kintsugi Holding.
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Novo Nordisk in deal to produce weight loss drug in KSA
Novo Nordisk, a leading global healthcare company, has signed a deal with Lifera, a biopharma company owned by the Saudi sovereign wealth fund PIF, to pursue the localisation of the manufacturing of semaglutide GLP-1 treatments in the kingdom.
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Boursa Kuwait, MEIRA host strategic IR workshops
Boursa Kuwait recently held two high-impact workshops in collaboration with the Middle East Investor Relations Association (MEIRA), bringing together capital market professionals, corporate leaders and IR experts for a day of insightful discussions.
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Emaar launches Mentorship 3.0 to further empower UAE nationals
Emaar has launched its Focused Mentorship 3.0, reaffirming its commitment to nurturing Emirati talentand building a resilient, future- ready workforce.
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Global project management experts set for major Saudi forum
Leading project management experts and industry leaders will be in Riyadh next month for the Global Project Management Forum 2025, where they will explore how emerging tech and agile practices are reshaping the future of project delivery across sectors.
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