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Diriyah awards $1.4bn deal for Opera House construction
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has awarded a $1.4 billion (SAR5.1 billion) construction contract to build the iconic Royal Diriyah Opera House and a number of surrounding assets.
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Saudi retail real estate sector undergoing key transformation
Saudi retail real estate sector is undergoing a major transformation, driven by the country's Vision 2030 initiative. With Riyadh, Jeddah and other key cities seeing a surge in retail developments, the 2025-26 outlook remains optimistic, said a report.
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Acciona secures key ISO certification for energy management
Spanish infrastructure major Acciona has achieved a major milestone by obtaining an ISO certification for its energy management system at Umm Al Houl and Ras Abu Fontas 3 desalination plants in Qatar. This is the first of its kind for Acciona globally.
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Saudi asset management industry tops SAR1 trillion, says Fitch
Saudi asset management industry grew by over 20% in 2024 exceeding SAR1 trillion assets under management (AUM) for the first time, said Fitch Ratings. The industry is likely to attract steady inflows in 2025–26 with AUM set to surpass SAR1.3 trillion.
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Cyber resilience: challenges and opportunities
Technological advancements, international collaboration, and workforce transformation are key to ensuring global cyber resilience and a secure cyberspace, according to the latest insights report published by the Global Cybersecurity Forum (GCF).
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Tariffs, policy uncertainty to hit global trade: WTO
The outlook for global trade has deteriorated sharply due to a surge in tariffs and trade policy uncertainty (TPU), says World Trade Organization's (WTO) Global Trade Outlook report.
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Royal M Abu Dhabi introduces sustainable hospitality
Royal M Hotel Abu Dhabi by Gewan is introducing eco-friendly initiatives to redefine hospitality and promote sustainable dining. These initiatives aim to reduce waste, conserve energy, and promote responsible innovation in hospitality.
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Zain Group to distribute $492m cash dividends for FY 2024
Leading telecom group Zain has announced that it has received the investors approval for distribution of total cash dividend of 35 fils for 2024 - amounting to KD151.4 million ($492 million) - thus reflecting an attractive 73% payout ratio.
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Expert warns on low-quality car care products entering KSA market
A motoring industry expert has outlined the need for more consumer education as an influx of cheap, low-quality car care products is impacting the industry in Saudi Arabia.
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Strategic deal to advance precision medicine in Abu Dhabi
The Department of Health - Abu Dhabi (DoH) has signed a landmark MoU with leading organisations to establish a collaborative framework that will shape the future of healthcare through precision medicine and advanced therapies.
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AlUla to host first Instagram Creators Summit in MENA
Experience the first Instagram Creators Summit in AlUla, Saudi Arabia – a global event on AI, influencer marketing, and digital storytelling.
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AWS, Manara join hands to develop cloud talent across MENA
Amazon Web Services (AWS) has announced its collaboration with Manara, the social impact technology talent startup, for launching an ambitious initiative aimed at training 2,500 software engineers across the region on cloud skills.
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ADFD wins Abdul Latif Al Hamad Award for Bahrain Airport expansion
Abu Dhabi Fund for Development (ADFD) has been awarded the Abdul Latif Yousef Al Hamad Development Award for the Best Development Project in the Arab World 2024 for its role in supporting the expansion and modernisation of Bahrain International Airport.
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