Saudi industrial manufacturer National Metal Manufacturing and Casting Co said its subsidiary has signed a supply contract worth more than SAR10 million with Harbin Electric International Company for equipment to be used in a major power project in the Kingdom.
Saudi-listed Al Ramz Real Estate Company said it has signed agreements to acquire the remaining units in a private real estate investment fund that owns the Qurtuba 2 development in Riyadh, in a deal valued at SAR 133 million ($35.5 million).
The GCC countries recorded a 3 percent decline in the annual rate of groundwater extraction over the past nine years, alongside an increase in the share of renewable water resources, which reached 25.5 percent in 2024.
A major update to the UAE’s civil law will come into force on June 1, bringing changes that are expected to affect how residents, families, businesses and young adults deal with contracts, property, money and legal responsibility.
Dubai’s real estate market recorded a sharp month-on-month recovery in April, with total registered transaction value rising 20% to AED68.6 billion ($18.7 billion), said a report. The rebound marks the first decisive recovery following a temporary slowdown in February linked to the regional geopolitical uncertainty.
Leading Irish group EcoModular has entered into an agreement with Saudi-based project management consultancy IDS and Latvia's Modul Consult to establish tripartite framework for volumetric modular development Across Europe, KSA and the wider GCC region.
Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate.
Kuwait's United Real Estate Company (URC), the real estate arm of Kuwait Projects Company Holding (KIPCO), has secured KWD38 million ($122.82 million) in Islamic banking finance for the construction and development of Waterfront Real Estate Project - Phase 3 (Souq Sharq), located in the Sharq Area of capital Kuwait City.
Bahrain's Deputy Prime Minister Shaikh Khalid bin Abdullah Al Khalifa has inaugurated Shaikh Abdullah bin Salman bin Khalid Al Khalifa Avenue, linking Hunainiyah Avenue and Al Muaskar Highway in Riffa.
