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$1.96bn DEAL INKED WITH KHC
Saudi Binladin Group to resume work on 'world's tallest tower'
Saudi Binladin Group will resume the construction work on the mega tower being developed as part of the Jeddah Economic Company City project. The building is set to soar 1,000 m into the sky when complete, thus making it the world’s tallest skyscraper.
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180,000 sqm MORE EXPO SPACE
Egis lands consultancy contract for $2.7bn DEC expansion
Egis, an end-to-end global engineering and operating firm, has announced that it has been awarded the lead engineering and architectural consultancy contract for the AED10 billion ($2.72 billion) expansion of the Dubai Exhibition Centre at Expo City.
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FOCUS ON SUSTAINABLE GROWTH
Saudi eyes $316bn revenue for FY2025 amid fiscal reforms
Saudi Ministry of Finance has released its pre-budget statement for FY 2025 projecting revenues of SR1.18 trillion ($316 billion), down 4% over previous forecasts, said a report. The budget aligns with Vision 2030 by advancing fiscal and economic reforms.
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ANALYSIS
From Boomers to Zoomers: how retailers can boost sales and loyalty
Different generations want to communicate with businesses and brands ahead of Black Friday. However, creating an appropriate omnichannel strategy for this can be challenging. Get it wrong and brands may lose sales or even loyal customers, says an expert.
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ANALYSIS
Luxury Hotel Boom: Key drivers shaping the global trend
Global luxury hospitality sector is witnessing significant growth, driven by an influx of affluent travellers seeking exclusive personalised experiences. This is true in Middle East, a region with ambitious projects attracting the HNWIs, said an expert.
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Amaal unveils debut lifestyle-led residential project in Dubai
UAE real estate developer Amaal has launched its debut residential project in the heart of Dubai’s Meydan Horizon featuring 512 residences with a mix of one- to four-bedroom apartments. A 48-storey tower, Amaal 8, is set for completion in Q4 2028.
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'Climate change and inflation' drive Middle East consumer choices
Middle East consumers continue to embrace new technologies and demand more from the brands they support amidst global challenges, according to PwC’s Voice of the Consumer 2024 report.
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SAMI in licence deal to commercialise Aramco safety solutions
SAMI Advanced Electronics Company, a subsidiary of Saudi Arabian Military Industries, said it has reached a licensing agreement with Saudi Aramco Technologies Company for commercialisation of Raqeeb, a proprietary smart safety solution created by Aramco.
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Saudi eyes $316bn revenue for FY2025 amid fiscal reforms
Saudi Ministry of Finance has released its pre-budget statement for FY 2025 projecting revenues of SR1.18 trillion ($316 billion), down 4% over previous forecasts, said a report. The budget aligns with Vision 2030 by advancing fiscal and economic reforms.
More…
From Boomers to Zoomers: how retailers can boost sales and loyalty
Different generations want to communicate with businesses and brands ahead of Black Friday. However, creating an appropriate omnichannel strategy for this can be challenging. Get it wrong and brands may lose sales or even loyal customers, says an expert.
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DP World expands marine services fleet with new vessels
DP World has welcomed two newly built vessels to its Marine Services fleet, further strengthening its commitment to sustainability and operational excellence.
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Hilton in deal to bring Waldorf Astoria brand to Makkah
Saudi-based Taiba Investments has teamed up with hospitality major Hilton to bring its iconic Waldorf Astoria Hotels brand to Madinah. The new property, Waldorf Astoria Al Madinah, boasts over 300 rooms and suites along with other key amenites.
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Omani group to set up $450m data centre in Suez Canal zone
Oman Data Park (ODP), the sultanate's leading data centre and cloud services provider, has signed an agreement with Intro Technology for the establishment of its data centre in the Suez Canal Economic Zone at an investment of $450 million.
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NEOM unveils exquisite designs of Sindalah Yacht Club
NEOM, developer of the Saudi futuristic city, has unveiled the interior designs of Sindalah Yacht Club, a jewel of the island’s marina. A premier destination for yacht owners, it is being developed in collaboration with Italian designer Stefano Ricci.
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Volkswagen launches new Tiguan in GCC
Volkswagen has launched the all-new Tiguan in the GCC, marking the debut of the third generation of this iconic bestseller.
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New CEO named for Aster Hospitals and Clinics in Saudi
Aster DM Healthcare has appointed a new Chief Executive Officer for Aster Hospitals and Clinics in the Kingdom of Saudi Arabia, to oversee planning, strategy, development, growth expansion, service delivery, and key partnerships.
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DWTC picks Momentus to boost event management operations
Dubai World Trade Centre (DWTC) has signed up Momentus Technologies to boost its venue and event management operations by setting new standards of efficiency and innovation across its diverse portfolio of international exhibitions and conferences.
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ICBA, Al Rostamani lay foundation stone for new training centre
The International Centre for Biosaline Agriculture (ICBA) and Al Rostamani Group have officially commenced the construction of state-of-the-art training and agricultural research facilities at ICBA's headquarters in Dubai.
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BNET launches initiatives in support of female workforce
Bahrain Network (BNET) has unveiled a series of initiatives building on its efforts to provide a work environment that supports job welfare, promotes mental health and enables its female workforce to achieve a work-life balance.
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