Adnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs.
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Dubai South Properties has announced the launch of Hayat, a luxury master-planned community located within its Golf District. Spanning 10 million sq ft, it boasts 2,500 residential units including townhouses, villas, mansions as well as hotel apartments.
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IHG Hotels & Resorts has sealed an agreement with Saudi-based Koushan Real Estate for the development of two branded properties - Kimpton and Even Hotels - at King Abdullah Sports City, Jeddah. Set for 2028 opening, these hotels will add 585 new rooms.
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The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.
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The Middle East continues to distinguish itself as a global economic outperformer, with UAE and Saudi leading the charge. While GDP growth is set at 3.2% this year, UAE will grow by 4% and KSA 3% with further acceleration seen through 2027, said a report.
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Wolffkran, a leading manufacturer of tower cranes, has signed a major contract to provide the turn-key tower crane package for one of Saudi Arabia’s most prestigious construction projects: the Prince Mohammed Bin Salman Stadium in Qiddiya, Riyadh.
The de-escalation in US-China trade tensions has led Fitch to make upward revisions to growth forecasts compared to April. But the world economy still faces a sharp slowdown induced by the most severe trade war since 1930s, says the top ratings agency.
Leading warehouse operator StockSpace and project master developer Axione have signed a 50-year land lease agreement with Khalifa Economic Zones Abu Dhabi to establish a 14,200 sq m warehouse facility for F&B and FMCG sector within Kezad Area A premises.
Bahrain's national carrier Gulf Air is resuming its scheduled flights to and from the Iraqi cities of Baghdad and Najaf as well as Amman in Jordan. Its flights to these cities had been recently affected owing to the regional tension.
Meraas has announced a new phase of City Walk Crestlane, a waterside residential development in Dubai. Comprising two towers with a total of 198 premium units, this new phase offers a sophisticated approach to modern living.
Arab Energy Fund has priced its inaugural $600 million bond, reflecting strong performance amid a challenging geopolitical backdrop. The transaction attracted big investor interest enabling it to upsize the offering from originally planned $500 million.
Middle East Paper Company (Mepco), a major paper manufacturer in the region, has announced that one of its key units, Juthor, has broken ground on its second tissue manufacturing production line at King Abdullah Economic City (KAEC) near Jeddah.
Equiom, a leading provider of fiduciary services to private wealth sector, has achieved a key milestone for its trustee services that it provides on Middle East Workplace Savings plans, with assets under administration surging to hit $3 billion in June.
Dubai-based diversified investment firm Shamal has awarded the main works contract worth over AED1 billion ($272 million) for its premium project Dubai Harbour Residences to Khansaheb Civil Engineering. The foundation work now stands fully completed.
Aldar said it has acquired major warehousing and light industrial real estate assets in Al Dhafra region of Abu Dhabi from Waha Capital. These properties, located in Almarkaz Industrial Park, will add 182,500 sqm NLA to the group’s logistics portfolio.
Norwegian oil and gas operator DNO has announced that the country's financial supervisory authority has approved the prospectus prepared in connection with the listing of its $600 million bonds on Oslo Stock Exchange. Trading in the bonds is expected to c
Vehere, a new-age cyber defense software company, has engaged Gulf Software Distribution (GSD), a value-added distributor of software products, to strengthen its presence across the GCC region as well as in the Levant countries.
Aldar said it has acquired major warehousing and light industrial real estate assets in Al Dhafra region of Abu Dhabi from Waha Capital. These properties, located in Almarkaz Industrial Park, will add 182,500 sqm NLA to the group’s logistics portfolio.
The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.
Trosmic Sports has unveiled plans for a next-generation indoor stadium that will redefine sporting experiences in GCC. Targeted for 2030 opening, Flux Halo will feature 200,000 sq m column-free space capped by a 75,000 sq m retractable tensile roof.
Taiwan has launched a global campaign — “Go Healthy with Taiwan” — to strengthen its presence in the international health sector and promote meaningful collaboration to enhance global well-being.
UAE-based BNW Developments has announced that it has officially signed up MAN Construction (a subsidiary of the Masah Group) as the principal partner for its ultra‑luxury waterfront project - Aqua Arc - in the northern emirate of Ras Al Khaimah.
Qatar said it has shut down airspace temporarily as part of measures taken amid developments in the region, a statement by the Qatari foreign ministry said on X. It said the move comes to ensure safety of residents and visitors.
The equity markets in the Kingdom of Saudi Arabia have developed faster than its debt markets, thanks to its robust banking system that provides competitive financing for nonfinancial corporates, according to S&P Global Ratings.
Vehere, a new-age cyber defense software company, has engaged Gulf Software Distribution (GSD), a value-added distributor of software products, to distribute its detection and response products across the GCC region as well as in the Levant countries.
RM Sotheby's has announced an e-auction featuring pieces of sporting memorabilia from the likes of F1 champs Schumacher, Senna and Hamilton. Everything - from race-worn suit, boot and gloves to signed helmets and horology wristwatches - are up for grabs.
RM Sotheby's has announced an e-auction featuring pieces of sporting memorabilia from the likes of F1 champs Schumacher, Senna and Hamilton. Everything - from race-worn suit, boot and gloves to signed helmets and horology wristwatches - are up for grabs.
Witthal Gulf Industries, a part of Singapore-based Witthal Group, has signed a 50-year land lease agreement with the Khalifa Economic Zones Abu Dhabi (Kezad Group) for the establishment of the UAE’s first lithium battery recycling plant in Taweelah.
