In a landmark move, the Saudi cabinet, chaired by HRH Crown Prince Mohammed bin Salman, has announced the cancellation of the fees imposed on expatriate labour in industrial facilities, reported SPA. This decision reflects the kingdom’s leadership's ongoing support for the industrial sector.
Read more
A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
Read more
Binghatti Developers and Mercedes-Benz have announced plans to jointly set up a multi-tower branded city in Dubai at a total investment of AED30 billion ($8.2 billion) featuring luxury residences, leisure districts, retail boulevards, wellness and dining outlets.
Read more
UAE shoppers are turning to AI to make shopping easier and more efficient, and they are signalling the importance of transparency as these tools become part of everyday life, says a Visa survey.
Read more
Global luxury markets proved resilient into 2025, with overall luxury spending stabilising at similar levels to last year, despite headwinds from economic and geopolitical uncertainties, as well as disruption from critical shifts in consumers’ preferences, a report said.
Read more
Saudi Electricity Company said it has signed a landmark financing agreement with the Italian Export Credit Agency (SACE), with a total value of $1 billion, aimed at supporting the development and expansion of power projects across the kingdom.
ONE Development has announced that it has unveiled the 'first residential tower in the world' that boasts a fully integrated aerial mobility ecosystem. The 31-storey building includes rooftop access for eVTOL aircraft engineered for autonomous passenger operations.
Luxury brand Karl Lagerfeld has signed a deal with AARK Developers for the launch of its $1.4 billion beachfront residential project in Ras Al Khaimah. Its second project in the region - Karl Lagerfeld Residences - will boast a collection of 663 sea view residences.
Arabian Qudra (AQ), a subsidiary of Saudi-based Abunayyan Holding Company, has announced that it has signed an agreement to establish the first floating solar power plant in the Kingdom of Saudi Arabia, in partnership with Saudi Water Authority.
Saudi Arabia’s Tourism Development Fund (TDF) signed six agreements and one MoU with public and private partners, unlocking over SAR 4 billion ($1 billion) in support. These deals expand financing access through TDF’s Tourism Empowerment Programs for micro, small, and medium-sized enterprises (MSMEs).
ADNOC Logistics & Services (ADNOC L&S), a global leader in integrated maritime energy logistics, has taken delivery of ‘Al Sadaf,’ the fourth of six new-build liquefied natural gas (LNG) carriers from the Jiangnan Shipyard in China.
Abu Dhabi Commercial Bank (ADCB) on Wednesday announced the successful completion of its AED6.1 billion ($1.66 billion) rights issue, following the close of the subscription period on December 4, 2025.
Nasdaq Dubai has welcomed New Development Bank’s (NDB) $50 billion Euro Medium Term Note (EMTN) Programme to its exchange.
The Events Investment Fund (EIF), a major Saudi government initiative, has entered into a joint venture pact with Legends Global, the world’s leading operator of event and sports venues, that will see EIF build, own and operate world-class event venues across Saudi Arabia.
King Saud University has announced that its investment arm Riyadh Valley has signed an agreement with Diriyah Company to lease 552,000 sq m of land for 70 years, enabling the company to develop the area within Phase Two of the Diriyah Project (D2).
OQ, Oman’s global integrated energy group, has commissioned the Ladayn Polymer Programme at Suhar Industrial City. The inauguration marks the transition of nine manufacturing plants into commercial operations, representing a milestone in Oman’s downstream industrial development. The total investment in the programme’s current operational phase is approximately OMR 40 million ($104 million).
Dusit Thani College (DTC), Thailand’s institute dedicated to hospitality education and training under Dusit International, has taken a step in advancing its global expansion by partnering with Alkhaleej Training and Education, an education provider in Saudi Arabia, to bring DTC’s fast-track Talent Opportunity Programme (TOP) to the Kingdom as its first global licence partner, opening the door to further international expansion.
RHI Magnesita, a global leader in refractory products and services for the steel, cement, glass, and non-ferrous metals industries, has strengthened its operations in the Middle East, Türkiye and Africa region by setting up its regional head office in Dubai.
Artificial Intelligence is the defining force of our era. What matters today is how fast it will transform our world, and how responsibly. Across continents, algorithms are reshaping economies, powering innovation, and redefining governance. Yet amid this acceleration, the most pressing challenge is it is moral. How do we align intelligence with intent, and capability with conscience?
UAE-based The Luxe Developers has broken ground on its AED2.3 billion ($626 million) wellness-integrated luxury development - La Mazzoni - on Al Marjan Island, Ras Al Khaimah. Set for completion in Q3 2028, it features 562 fully furnished units and other key amenities.
Abu Dhabi group M42 has announced the opening of Amana Healthcare Bahrain, the first specialised long-term care and rehab hospital of its kind in the country, developed in strategic partnership with Bahrain Mumtalakat Holding Company (Mumtalakat).
Qualcomm Technologies International Limited, a subsidiary of Qualcomm, and Aramco through the Saudi Accelerated Innovation Lab (AramcoSAIL) have completed the inaugural Design in Saudi Arabia with AI (DISAI), an accelerator program aimed to support startups in Saudi Arabia.
Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh.
ADGM, the international financial centre of Abu Dhabi, is entering its second decade with strengthened momentum, as it announces the addition of 11 new major global financial institutions representing more than $9 trillion in assets under management.
stc Group, a leading digital enabler in Saudi Arabia, has signed a new five-year master frame agreement (MFA) with Ericsson to accelerate the delivery of advanced digital infrastructure and boost technology adoption across the Kingdom of Saudi Arabia.
Mowasalat (Karwa), Qatar’s leading transport provider, has launched the country’s first RoboTaxi service under the supervision of The Ministry of Transport, marking a major milestone in the development of smart, sustainable, and technology-driven mobility solutions, in line with Qatar National Vision 2030.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
