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DIGITAL INFRASTRUCTURE BOOST
Zain completes acquisition of top Kuwaiti tower company IHS
Zain Group, a leading telecom company in Middle East and Africa, said it has closed the acquisition deal for IHS Kuwait, an independent licensed tower company and a unit of IHS Holding, following the purchase of the remaining 70% stake in the company.
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INFRASTRUCTURE DEVELOPMENT
Saudi Arabia launches $3.2bn new water, sanitation projects
Saudi Arabia has announced plans to implement water and sanitation projects worth SAR11.6 billion ($3.2 billion) across the kingdom covering key regions such as Aseer, Qassim and Al Baha as part of the government's utility infrastructure development plan.
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DAILY AVERAGE OUTPUT UP 2.2pc
Global alumina production hits record 12.6m tonnes in October
The global alumina production in October hit a new record high of 12.61 million tonnes, up 3.62% over last year in tandem with the growth across all the major producing regions with the daily average production standing at 407,000 tonnes, said a report.
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Top firms bid for Jeddah-Makkah Direct Highway project
Saudi Arabia's Roads General Authority (RGA) has announced the list of 42 companies that expressed their interest for the road operations and maintenance (O&M) and development of Motorway Services Areas (MSA) of Jeddah-Makkah Direct Highway.
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Nice One Beauty aims to raise $322m in Riyadh IPO
Nice One Beauty, a leading Saudi e-commerce platform, is set to launch an IPO in Riyadh, aiming to raise up to SAR1.2 billion ($322 million). It is offering 34.6 million shares (30% of the share capital) for a price range of SAR32 to SAR35 per share.
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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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Johns Hopkins Aramco Healthcare facility opens at Spark
King Salman Energy Park (Spark) has announced the opening of a new clinic with Johns Hopkins Aramco Healthcare (JHAH) within its premises. The facility provides comprehensive medical services to support SPARK tenants, employees and partners.
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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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