Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
The eight Opec+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—reviewed market conditions and outlook, reaffirmed their 2 November 2025 decision to pause production increases in March 2026 due to seasonality, and said 1.65 million bpd may return gradually, subject to conditions.
Air India Express has announced the launch of its ‘Xpress More Sale’ offering travellers discounts of up to 20% on domestic and international flights for travel through the end of 2026. These special fares are available for booking until February 5 with nearly five million seats up for grabs.
Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
Fitch Ratings has assigned 'neutral' 2026 sector outlook for the Gulf Cooperation Council (GCC) Corporates sector, reflecting steady earnings due to ongoing government-led capex in infrastructure and energy.
Dubai has approved a master plan to redevelop Umm Suqeim Beach into a landmark destination reflecting the emirate’s cultural identity. The scope of work includes the construction of six main gateways, 10 mobility hubs and 11 taxi pickup and drop-off points as well as a 38m observation tower.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced the opening of the second phase of the Tamer Mölnlycke Care factory in Jeddah. A strategic joint venture of Swedish medical device company Mölnlycke, it will see the production grow two-fold to 500,000 per year.
Lockheed Martin has opened a major software factory in Riyadh to introduce the global defence major’s hitech software development ecosystem to the kingdom. Also it is setting up an in-country Talent Studio to boost digital and enterprise capabilities within the Saudi workforce.
Middle East-based HITEK AI, a part of the Farnek group of companies, has signed a three-year SAFETEK Services Agreement with Ghassan Ahmed Al Sulaiman Furniture Trading Co (IKEA Saudi Arabia and Bahrain), marking a major step in IKEA’s commitment to elevating Health, Safety, Security, and Environmental (HSSE) governance.
Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, has signed a strategic agreement with New Jersey-based PGIM, the global asset management business of Prudential Financial (PFI), to enhance and expand its investment offerings across wealth and asset management.
Gulf Warehousing Company (GWC), one of the region’s leading logistics providers, has announced that it has sealed a strategic collaboration with Apify, a European cloud platform specialising in web data extraction, automation, and AI-driven workflows.
Saudi Arabia’s Transport General Authority has approved the implementation of facial biometric verification for ride-hailing drivers, a measure due to be rolled out in the first quarter, as part of efforts to tighten regulation of passenger transport services.
Air India Express has announced the launch of its ‘Xpress More Sale’ offering travellers discounts of up to 20% on domestic and international flights for travel through the end of 2026. These special fares are available for booking until February 5 with nearly five million seats up for grabs.
Carlos Alcaraz capped a historic Australian Open campaign by defeating Novak Djokovic in the men’s singles final, clinching his maiden title at Melbourne Park and completing a career Grand Slam at just 22.