The global market for smart buildings is poised for solid growth this year, reaching between $117 billion and $252 billion, thanks to the deployment of AI, the IoT and advanced data analytics systems, as well as other technologies, said an expert.
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Abu Dhabi-based Mubadala has joined hands with top global investors - Partners Group, GIC and TPG Rise Climate - to acquire Germany-based Techem, a global provider of digitally enabled solutions for real estate sector, for AED29 billion ($7.8 billion).
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Saudi Principal Buyer has signed power purchase agreements with a consortium of utility major Acwa Power for seven new solar and wind energy projects worth a total of SAR31 billion ($8.3 billion). On completion, they will boast nearly 15,000MW capacity.
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For years, shipping’s relationship with autonomy has been one of cautious optimism, as if they were a distant sci-fi. But the reality is crewless ships are already here and will sail autonomously long before the industry feels ready, says an expert.
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Net-zero workplaces are no longer aspirational - they are strategic assets with a blend of innovation and human-centric design. Tomorrow’s offices will be measured by their ability to cut carbon footprint and optimise resource efficiency, said an expert.
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Indian developer Mantra Properties has sealed a key partnership with top luxury jewellery brand Jacob & Co for the launch of its branded homes on Al Marjan Island in Ras Al Khaimah. Jacob & Co Residences represents its third premium development in UAE.
Ardian, a world-leading investment firm, has bought an additional 10% stake in FGP Topco, the holding company for Heathrow Airport Holdings, from Ferrovial and other TopCo shareholders. With this move, Ardian has increased its stake in Heathrow to 32.6%.
Global oil demand will rise steadily to 123 million bpd by 2050, driven by rapid growth in developing economies, said Organisation of the Petroleum Exporting Countries (Opec) in its report. This comes as Opec+ begins easing voluntary production cuts.
UK-based Arup, a global advisory, design, planning and engineering company, has secured the contract from New Murabba, a company of Saudi sovereign wealth fund PIF, to design its iconic 45,000-seat stadium as part of the World Cup 2034 preparations.
Total investments of $4.3 trillion are needed in the next 5 years to keep up with fast-growing demand for natural gas and make up for a lost decade of underinvestment, said Majid Jafar, CEO of Crescent Petroleum, a major upstream oil and gas company.
Investcorp, a global alternative investment firm, said it has completed the sale of a majority stake in Italian cybersecurity provider HWG Sababa by its partners fund and other investors, to an oversubscribed €240 million single-asset continuation fund.
DP World achieved a key milestone in its bulk cargo operations with the handling of the largest slag cargo vessel at an Egyptian port. The 289-m-long MV Keeper carried 152,150 MT of slag metal, thus setting a new operational record at the terminal.
Dubai’s Roads and Transport Authority (RTA) has completed comprehensive traffic enhancement works at Al Wasl-Al Manara Street intersection. The project involved adding a new lane for vehicles heading towards Sheikh Zayed Road along with an U-turn lane.
AD Ports Group, an enabler of integrated trade, transport and logistics solutions, has announced the commencement of operations of its logistics joint venture, GulfLink, set up in partnership with KTZ Express, the freight arm of Kazakhstan Railways.
Al Mouj Muscat, Oman's key integrated tourism complex, has unveiled its new waterfront project - Azura Beach Residences. Spanning over 19,500 sq m of prime coastal land, it features a total of 286 one- to three-bed residences and 23 four-bed chalets.
The oil and gas sector needs $18.2 trillion in investments by 2050 to meet future demand, according to Haitham Al Ghais, Opec Secretary General.
Aluminium Bahrain (Alba), the world’s largest smelter on one site, has announced the appointment of Sohaila Rahman as its new Chief Legal and Governance Officer effective July 20. A UK-qualified lawyer, Rahman has over 20 years of experience.
Bahrain’s key online auctions platform Mazad has announced the appointment of Nezar Hasan Habib as its new CEO effective July 20. Nezar brings over 20 years of leadership experience across the telecom and banking sectors in Bahrain and UAE to his post.
For years, shipping’s relationship with autonomy has been one of cautious optimism, as if they were a distant sci-fi. But the reality is crewless ships are already here and will sail autonomously long before the industry feels ready, says an expert.
Indian construction group Shapoorji Pallonji said it has completed work on its first international residential project, Imperial Avenue, located in Downtown Dubai. Rising 45 storeys, it boasts a 10,000 sq ft entrance lobby and other ultra-luxe amenities.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has announced the launch of its 2025 Summer Safety & Health (S&H) Campaign, a key part of its ongoing commitment to cultivating a world-class safety culture for its workforce.
Aluminium Bahrain (Alba), the world’s largest smelter on one site, has announced the appointment of Sohaila Rahman as its new Chief Legal and Governance Officer effective July 20. A UK-qualified lawyer, Rahman has over 20 years of experience.
Sharaf DG, a leading consumer electronics retailer in GCC, has announced the opening of its new store at Reem Mall in Abu Dhabi. Set to be its largest outlet in the UAE capital, it boasts a 36,000 sq ft retail space as well as 34 brand experience zones.
The initial public offerings (IPOs) in the GCC markets for the first half raised a total of $3.4 billion in proceeds through 24 offerings, said a report. Saudi Arabia led the region in terms of IPO proceeds, raising $2.8 billion through 22 offerings.
IHC, a global investment company focused on building dynamic value networks, has announced that it has completed the acquisition of eFunder, the UAE’s pioneering private financing platform for SMEs. This platform has now been rebranded as Zelo.
Roads and Transport Authority has signed a deal with Pony.ai, a specialist in autonomous driving tech, to begin pilot trials of driverless vehicles in Dubai. Pony.ai recently unveiled 7th generation vehicles jointly developed with top global car makers.
Bahrain Technology Companies Society (BTECH) recognised a total of 30 pioneering digital initiatives across 11 diverse categories at the Bahrain Digital Content Award 2025 ceremony, thus showcasing the kingdom's growing leadership in digital innovation.
The Avenues – Bahrain, the largest seafront shopping and entertainment destination in the kingdom, has launched its two-month-long Shop & Win summer campaign, offering shoppers a chance to win the grand prize - a 2025 Maserati Grecale Modena SUV.
