Bechtel has secured the project management consultancy contract for the 2030 World Expo in Riyadh, Saudi Arabia. The scope of work includes overseeing the delivery of infrastructure programme across the 6-sq-km site including early works and utilities.
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Saudi developer Diriyah has awarded a $1.53 billion construction contract for Arena Block, a district that includes the multi-purpose indoor Diriyah Arena (with a 20,000-seating capacity), three mixed-use office buildings, and a parking facility.
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Emirates NBD has sealed a $1.1 billion finance deal with a consortium of MAPA, Limak and CRRC that will deliver the Dubai Metro ‘Blue Line’ project. Set for 2029 completion, it will provide seamless connections with the existing Red and Green lines.
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As global markets brace for a new wave of US tariffs and shifting OPEC+ production strategies, the UAE appears firmly grounded, thanks to strategic oil exemptions, fiscal resilience, and a diversified economy, says a leading industry expert.
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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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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).
In a major move, Saudi Arabia will allow foreigners to buy real estate in specified zones, including Riyadh and Jeddah, starting from January next year. The key initiative, approved by the cabinet, is aimed to attract FDI and boost the non-oil economy.
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.
Bahrain has marked a major step in its push to become a regional technology and connectivity hub with the landing of the 2Africa Pearls submarine cable, the world’s longest undersea cable system, said stc, a key telecom operator in the kingdom.
Global sukuk issuance is likely to slow in the third quarter with seasonal summer trends in key issuing markets, following a strong first half where global volumes surpassed the $1 trillion milestone for the first time, according to Fitch Ratings.
Dubai has issued a new law regulating the emirate's contracting activities in a major step forward in boosting the legal and governance framework of its contracting sector. The new law also aligns with Dubai’s building codes and planning regulations.
Agentic AI is driving a generational shift that will revolutionise industries and reshape workforce dynamics in ways we now have begun to understand. Soon, human and AI 'workers' will learn to coexist, collaborate and thrive together, said an expert.
Teledyne Gas & Flame Detection, a leading French provider of fixed and portable gas and flame detection solutions, has opened its new manufacturing facility in Dammam, Saudi Arabia, in partnership with US-based Industrial Detection Solutions (IDS).
The non-oil trade surplus of Saudi Arabia with the Gulf countries recorded an annual growth rate of 203% to hit over SAR2 billion ($532 million) in April. Their total volume of non-oil trade, including re-export, amounted to SAR18 billion ($4.8 billion).
Sharjah government has approved a prime plot of land in Al Dahiyat suburb of Kalba for the development of a new residential area for citizens. It will feature a total of 190 residential plots along with key lifestyle amenities including a main park.
Shell Catalysts & Technologies and Technip Energies have signed their global alliance agreement to work exclusively together to deliver a post-combustion amine-based carbon capture solution using Shell’s Cansolv CO₂ Capture System.
The global hotel development activity increased across most regions during Q2, with notable gains in Asia Pacific and Europe, said a report. However, the Middle East and Africa was the only region to record an overall decline in hotel pipeline growth.
KBR has announced that it has secured a front-end engineering design contract for an ammonia and urea production plant in Basra, Iraq. On completion, the ammonia plant will boast a 2,300MT production capacity and the urea facility a 3,850MT capacity.
As global markets brace for a new wave of US tariffs and shifting OPEC+ production strategies, the UAE appears firmly grounded, thanks to strategic oil exemptions, fiscal resilience, and a diversified economy, says a leading industry expert.
Sobha Realty has announced the launch of its ultra-luxury living project, Sobha Privy Collection, featuring a set of residences across its most elite developments. Marking entry into this coveted zone is its new development-The S at Sobha Hartland II.
ROSHN Group is partnering with the Communications, Space & Technology Commission (CST) for a nationwide CSR initiative, Recycle Your Device. Under this campaign, which run until December, aims to recycle 100,000 devices over the next six months.
Amideast has signed an agreement with Jordan Aircraft Maintenance Company, a unit of Dubai Aerospace Industries, under which it will provide comprehensive training to 60 young students mainly in interpersonal skills development and digital knowledge.
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.
Eazy Financial Services, a leading Bahraini financial institution specialising in POS, has sealed a strategic partnership with Tamara, a pioneer in Buy Now, Pay Later (BNPL) model, in a move aimed at powering seamless payment solutions across the GCC.
Eazy Financial Services, a leading Bahraini financial institution specialising in POS, has sealed a strategic partnership with Tamara, a pioneer in Buy Now, Pay Later (BNPL) model, in a move aimed at powering seamless payment solutions across the GCC.
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.
Bechtel has secured the project management consultancy contract for the 2030 World Expo in Riyadh, Saudi Arabia. The scope of work includes overseeing the delivery of infrastructure programme across the 6-sq-km site including early works and utilities.
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.
