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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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.
SpaceX, Axiom Space and Nasa launched the Axiom Mission 4 (Ax-4) carrying astronauts from India, Poland and Hungary to the International Space Station, marking a historic milestone in global commercial spaceflight. The crew will remain there for 14 days.
Borouge has announced that it has joined hands with Honeywell to work on the petrochemical industry’s first AI-driven control room designed for full-scale, real-time operation, thus establishing a new standard for the future of AI in petrochemicals.
Saudi Arabia's office sector is enjoying record double-digit growth as international interest rises with Riyadh office rents surging by 23% year-on-year to hit an all-time high of SAR2,700 ($719) per sq m as of the end of March, said an industry expert.
The advanced biofuel market, valued at $1.46 billion in 2024, is expected to grow at a CAGR of 13.9% between 2025 and 2034, driven by global demand for sustainable energy alternatives and carbon footprint reduction.
Oman Air has announced the appointment of Hamood Al Alawi as Deputy Chief Executive Officer.
Saudi Arabia's office sector is enjoying record double-digit growth as international interest rises with Riyadh office rents surging by 23% year-on-year to hit an all-time high of SAR2,700 ($719) per sq m as of the end of March, said an industry expert.
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.
Bahrain's Labour Fund (Tamkeen) has announced the launch of a new programme to support digital transformation for the local small and medium enterprises (SMEs) in partnership with Zoho, a leading global technology company.
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.
Arkan Solutions, a leading Saudi-based provider of cloud communication services, has announced the successful go-live of its innovative PSTN integration service for DHL Express in Kuwait, Qatar and Jordan, in collaboration with British Telecom.
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.
