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DEAL INKED WITH KAHRAMAA
Sumitomo consortium lands 2500MW Qatar plant contract
Sumitomo Corporation has announced that its consortium with Japanese partner Shikoku alongside Korean groups Kospo and KIND has secured the contract for the construction and operation of a 2,400MW gas-fired power plant at Ras Abu Fontas region of Qatar.
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LARGEST ENERGY DEAL IN ATHENS
Masdar buys key unit of Greek energy major GEK Terna for $3bn
Abu Dhabi Future Energy Company (Masdar) has announced that it has successfully completed the acquisition of 70% of the outstanding shares of Terna Energy from Greek clean energy champion GEK Terna at an enterprise value of €3.2 billion ($3.3 billion).
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176km NETWORK
King Salman inaugurates Riyadh Metro
The much-awaited Riyadh Metro, the backbone of Saudi capital’s public transport network, was inaugurated on Wednesday (November 27) by King Salman bin Abdulaziz Al Saud.
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TECHNOLOGY
5G Advanced to be the upgrade that 'will transform daily life'
The upcoming era of 5G Advanced has the power to do more than just improve personal device speeds; it aims to make networks smarter, more efficient and more responsive to real-world needs in ways that could impact everyone.
Top Trade News
 | Industry Sectors |
Arabian Hills launches Phase II of $6bn Dubai residential project
Arabian Hills Real Estate Development has officially launched Phase Two of its AED22 billion ($6 billion) residential project, Arabian Hills Estate, in Dubai. Spanning a 244-million-sq-ft area, the sustainable community will be developed in 14 phases.
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Devji Aurum unveils Celtic-inspired prime collection at Jewellery Arabia
Devji Aurum, a leading fabricator of exquisite jewellery, has teamed up with Welsh fashion designer Jayne Pierson to launch its limited edition of rare set of collars, earring and rings under the Gwenllian Collection at Jewellery Arabia 2024 in Bahrain.
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QatarEnergy starts building blue ammonia plant in Mesaieed
QatarEnergy has laid the foundation stone for the world's largest blue ammonia plant, set to produce low carbon ammonia in Mesaieed Industrial City, with production anticipated in Q2 2026.
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Bahrain tops global innovation in open banking with key tieup
In a groundbreaking partnership, Bahrain’s leading company in fintech and e-financial transactions service Benefit has joined forces with Tarabut to introduce the first innovation-led, centralised open banking authentication solution in the kingdom.
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AI growth will depend upon ‘infrastructure modernisation’
Businesses must adopt cloud-native infrastructure, which includes powerful computing, high-performance network and storage, container and data management systems, to meet the growing demands of AI.
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Nine major deals worth $9.3bn signed at Riyadh WIC
Nine transformative investment deals under Saudi Arabia’s Global Supply Chain Resilience Initiative (GSCRI), valued at over $9.3 billion, were unveiled on Tuesday at the 28th World Investment Conference (WIC) in Riyadh.
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Gulf Air announces return to AlUla as a seasonal destination
Bahrain's national carrier Gulf Air has announced its return to AlUla (ULH) in Saudi Arabia as a seasonal destination from November 26 to February 25, 2025. The airline will be operating two weekly flights using an A320 aircraft.
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LogRhythm | Exabeam launches regional office in Riyadh
LogRhythm | Exabeam, a global cybersecurity leader that delivers AI-driven security operations, has expanded its investment in Saudi Arabia (KSA) with the opening of its regional office in Riyadh.
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Populous-designed King Salman stadium masterplan unveiled
Saudi authorities have unveiled the masterplan for the 92,000-seat King Salman Stadium, designed by US group Populous. Set for completion in 2029, the mega sports venue will boast key amenities including a Royal Box, internal screens as well as gardens.
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GMC Middle East reveals the new bold GMC Yukon
GMC Middle East has revealed the new GMC Yukon in the UAE’s capital, Abu Dhabi, a bold new chapter in the vehicle’s legacy, combining unmatched performance, bold design and advanced technology.
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GFH unveils innovative 'well-being' real estate venture
GFH Financial Group has announced the launch of Outlive, an innovative real estate developer and creator of masterplanned communities and mixed-use projects with a focus on health and well-being, which will operate across the Mena region and Europe.
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Expert says ‘2025 will be the year of the female entrepreneur’
A leading Dubai-based business expert and author, says that 2025 will be the year of the female entrepreneur, while predicting a boom in women-owned businesses in the UAE that is witnessing a major growth in the entrepreneurial environment.
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Saudi group Maarif to take over Ibn Khaldoun Education
Maarif Education, one of the largest education companies in Saudi Arabia with a legacy of over 50 years in K12 education, has signed a definitive agreement to acquire 100% of Ibn Khaldoun Education Company (IKEC).
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JP Morgan unveils 'Must-see experiences' list fo r2025
JP Morgan has unveiled its top picks of must-see experiences and trending books that will be the talk of the holiday season and beyond in its newly released NextList2025.
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