Aramco, one of the world’s leading integrated energy and chemicals companies, on Monday announced agreements and a memorandum of understanding (MoU) with a potential combined value of more than $3.7 billion with French companies.
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Abu Dhabi is putting the quality of everyday life at the heart of how its cities are planned and built, with a new framework designed to ensure that major urban developments are judged not just by what they deliver, but by how well they serve the people who live in them.
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The United States is set to unleash what Treasury Secretary Scott Bessent has described as an “economic D-Day” against Iran, threatening to sever the country’s remaining financial and commercial lifelines.
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The Trade in Services and Investment Agreement (TISIA) between the United Arab Emirates and the Russian Federation has officially entered into force, marking a significant advancement in bilateral economic relations.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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As the world awaits details of a potentially punishing new round of US sanctions against Iran, Tehran has warned that it could shut the Strait of Hormuz and halt all oil shipments through the Arabian Gulf if neighbouring countries join President Donald Trump’s economic campaign against it.
The Saudi Power Procurement Company (SPPC), the Principal Buyer, has awarded consortiums of Saudi Energy and Acwa Power as well as French utility major Engie contracts worth over SAR4.35 billion ($1.16 billion) for the first group of Battery Energy Storage System (BESS) projects in Saudi Arabia.
Doosan Enerbility has signed a contract to build a combined-cycle gas turbine (CCGT) power plant in Misfah, Oman, with a consortium led by Qatar's Nebras Power, said a report.
The global AI market is projected to hit $4.8 trillion by 2033 – roughly the size of Germany's economy – a 25-fold increase in just 10 years, according to UN Trade and Development (UNCTAD).
Iran and China have pushed back against US President Donald Trump’s threat to impose what Washington says will be the “toughest sanctions in history” on Tehran, warning that unilateral economic pressure could further destabilise the region and damage global trade.
Casagrand, one of India's leading real estate developers with more than 22 years of delivery experience and over 200 completed and ongoing projects, today outlined plans to develop more than 6 million sq ft of premium residential and mixed-use space in Dubai over the next three years.
Dubai’s massive expansion of Al Maktoum International Airport has moved forward with the award of a major contract for an Automated People Mover (APM) system that will connect key areas of the new airport as part of its first phase of development.
Oil prices remained near their highest level in more than three weeks on Friday as the deadlock over the Strait of Hormuz and a sharp escalation in US economic pressure on Iran raised fresh concerns about global energy supplies.
US-based Powerus has won a contract to deploy networked counter-UAS detection, tracking, classification and early-warning capabilities to support the protection of critical oil and gas infrastructure in the Middle East.
Ritchie Bros., a global leader in asset management and disposition, is bringing its IronPlanet marketplace into Super September, with an upcoming online auction in China next month featuring more than 300 units of construction, lifting, material handling and specialized vehicle equipment.
Aramco, one of the world’s leading integrated energy and chemicals companies, on Monday announced agreements and a memorandum of understanding (MoU) with a potential combined value of more than $3.7 billion with French companies.
Saudi Arabia's food and beverages (F&B) economy is poised for solid growth over the next few years with its market projected to hit $58.3 billion by 2033 amid growing demand for alternate financing from fine dining restaurants and cafes, said a report.
The Bench, the organiser of Future Hospitality Summit (FHS) series, has announced that its key event - Branded Residences Forum (BRF) - is being renamed as ‘FHS Living’, thus bringing branded residences together with seven other living asset classes under a single, expanded platform.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Mazad, Bahrain’s leading digital auction and marketplace platform and a Mumtalakat portfolio company, has launche a new curated collection bringing various luxury names to the auction platform.
A team of scientists at Washington University School of Medicine in St. Louis has identified a neural mechanism capable of switching off chronic neuropathic pain caused by nerve damage. The discovery centres on mu opioid receptors located within a brain region that helps regulate stress and alertness.
Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a contract from a multinational education company for the construction and finishing works of its prime projects in the capital Riyadh.
Zain Bahrain, a leading telecom services company in the kingdom, has signed a partnership deal with Sharaf DG Bahrain to enable its customers to purchase products through convenient installment vouchers. The partnership offers customers greater choice, flexibility and access to a broader range of products.
The Asian Development Bank (ADB) has launched a key initiative - Financing Investments and Eradicating Land Degradation and Desertification (FIELD) - that aims to attract $2 billion by 2035 for investment in programmes that restore lands and boost drought resilience across APAC.
LG Electronics (LG) today announced that it is accelerating its robotics collaboration with NVIDIA. LG is combining decades of manufacturing and logistics data with NVIDIA’s open robotics development platform to build a world-class “data flywheel” for robot learning.
Wallan Trading Company, the official distributor of Hyundai vehicles in the Central and Northern regions of Saudi Arabia, has unveiled its all new Hyundai 'Venue' - a compact crossover that combines contemporary design, advanced technology and everyday practicality - in the kingdom.
The Bench, the organiser of Future Hospitality Summit (FHS) series, has announced that its key event - Branded Residences Forum (BRF) - is being renamed as ‘FHS Living’, thus bringing branded residences together with seven other living asset classes under a single, expanded platform.
The Asian Development Bank (ADB) has launched a key initiative - Financing Investments and Eradicating Land Degradation and Desertification (FIELD) - that aims to attract $2 billion by 2035 for investment in programmes that restore lands and boost drought resilience across APAC.
