Saudi Arabia’s Tourism Development Fund (TDF) signed six agreements and one MoU with public and private partners, unlocking over SAR 4 billion ($1 billion) in support. These deals expand financing access through TDF’s Tourism Empowerment Programs for micro, small, and medium-sized enterprises (MSMEs).
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The Events Investment Fund (EIF), a major Saudi government initiative, has entered into a joint venture pact with Legends Global, the world’s leading operator of event and sports venues, that will see EIF build, own and operate world-class event venues across Saudi Arabia.
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Mubadala and Aldar have announced a landmark AED60 billion ($16.3 billion) expansion of Abu Dhabi’s financial district on Al Maryah Island. The development will deliver 1.5 million sq m GFA including Grade A offices, luxury homes, retail and hospitality space.
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UAE shoppers are turning to AI to make shopping easier and more efficient, and they are signalling the importance of transparency as these tools become part of everyday life, says a Visa survey.
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Global luxury markets proved resilient into 2025, with overall luxury spending stabilising at similar levels to last year, despite headwinds from economic and geopolitical uncertainties, as well as disruption from critical shifts in consumers’ preferences, a report said.
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Dubai has approved a set of policies and strategic models that will focus on creating socially-interconnected, service-integrated communities which will enhance quality of life through homes, neighbourhoods, parks and schools.
Tomorrow World Group, a global enterprise with a proud 20-year legacy in Dubai, has announced its most ambitious chapter yet: an AED8 billion ($2.18 billion) real estate development pipeline set to redefine the city’s skyline from 2026 onward.
The global automotive aftermarket community will converge in Dubai tomorrow (Dec 9) for Automechanika Dubai 2025, the largest and most internationally diverse edition in the event’s 22-year history.
Saudi Arabia’s real GDP grew by 4.8% in the third quarter compared to last year, reported SPA citing official data. All economic activities recorded y-o-y growth with oil activities surging by 8.3%, non-oil activities by 4.3% and government activities by 1.4%.
Investcorp Capital, an investor in private markets and a provider of capital and capital financing services in the alternative investments space, has acquired Guardian Fire Services, a leading provider of fire and life safety services operating in Northeastern, Southeastern and Western United States.
DP World has signed a landmark agreement with the Government of Afghanistan to develop and operate the country’s most important land border facilities at Torkham and Hairatan.
Dar, one of the world’s leading consultancies, has secured a major contract to provide design review and construction supervision services for the transformational South Al Mutlaa Wastewater Treatment Plant (WWTP) in Kuwait along with related works.
Dar Global has partnered with Art District Real Estate for the development of its new coastal destination - Muscat Marine, Art & Digital District (MAD) - being set up in Oman. The RO1.6 billion ($4.2 billion) project integrates oceanfront living, luxury hospitality and future-focused digital industries.
Saudi-based Alhani Construction said work is in full swing on the landmark Aramco Stadium project in Khobar and will be completed in time for AFC Asia Cup 2027. It is being built in collaboration with Besix Construct-Albawani JV.
Kuwait-based Mechanical Engineering & Contracting Company (MECC) has secured a major contract worth KD34.7 million (113 million) from Kuwait Oil Company for one of its key projects - Manfolds and Group Trunk Lines (MGT) in country's northern region.
Kuwait-based Mechanical Engineering & Contracting Company (MECC) has secured a major contract worth KD34.7 million (113 million) from Kuwait Oil Company for one of its key projects - Manfolds and Group Trunk Lines (MGT) in country's northern region.
Turkish Airlines has announced the launching of its inaugural flights to Phnom Penh, the capital of Cambodia, in line with its strategic goals. With this new destination, Cambodia has become the 7th country to be served by the flag-carrier in Southeast Asia.
Kerry, a leading Irish sustainable taste and nutrition solutions company, has signed a long-term lease deal with Expo City Dubai to set up its new Regional Customer Co-Creation Centre. The new Kerry facility will serve as a major research and development centre.
UAE shoppers are turning to AI to make shopping easier and more efficient, and they are signalling the importance of transparency as these tools become part of everyday life, says a Visa survey.
Indian developer Casagrand has announced the launch of its premium residential project - Casagrand Hermina - on the Dubai Islands. Set for Q2 2028 completion, it features 131 apartments with a mix of one- to four-bedroom units and another amenities.
Abu Dhabi group M42 has announced the opening of Amana Healthcare Bahrain, the first specialised long-term care and rehab hospital of its kind in the country, developed in strategic partnership with Bahrain Mumtalakat Holding Company (Mumtalakat).
Qualcomm Technologies International Limited, a subsidiary of Qualcomm, and Aramco through the Saudi Accelerated Innovation Lab (AramcoSAIL) have completed the inaugural Design in Saudi Arabia with AI (DISAI), an accelerator program aimed to support startups in Saudi Arabia.
India’s leading fine jewellery group Tanishq has launched its new flagship store in Dubai’s Meena Bazaar, thus transforming the neighbourhood where its international journey began into the launchpad for its next, larger chapter in the GCC.
Goldman Sachs has announced the official opening of its new office and regional headquarters within the King Abdullah Financial District (KAFD) in Riyadh. The new office reflects the firm’s ongoing commitment to Saudi Arabia.
Bahrain's leading telecom services company Batelco by Beyon has announced the launch of Ultra Home, a new line up of home internet plans, that brings together Mobile Broadband and Fiber Broadband under one simplified offering.
The Fédération Internationale de l’Automobile (FIA) has confirmed that Mohammed Ben Sulayem has been re-elected as President of the FIA, following the election of his Presidential List by the General Assembly in Tashkent, Republic of Uzbekistan.
PwC Middle East has relocated its office to Riyadh's Laysen Valley, providing an expanded space for its growing operations in the kingdom. Spanning 22,400 sq m, the new office stands 11storeys tall, providing a dedicated space for co-creation and innovative work.
UAE developer Binghatti has achieved a major milestone with the sale of the region's most expensive penthouse valued at AED550 million ($150 million), at its iconic development Bugatti Residences by Binghatti located in Business Bay.
