Driven by significant investments in premium sports properties and infrastructure, alongside initiatives to develop local talent, the Middle East’s sports market is projected to grow at an impressive 8.7% over the next three to five years, said a report.
Bahrain has launched a new website and a hotline to provide information on its Golden Residency Programme that is open to talented professionals and investors. The new services work towards providing a point of reference for interested applicants.
Dubai Electricity and Water Authority (Dewa) has announced that 47 international companies have expressed interest in developing the seventh phase of Mohammed bin Rashid Al Maktoum Solar Park, which is based on the independent power producer (IPP) model.
Merz Aesthetics, a leading medical aesthetics business, has announced world-renowned actress, director and producer, Salma Hayek Pinault, as the first-ever global brand ambassador for its advanced micro-focused ultrasound platform - Ultherapy PRIME.
Bahrain's Labour Fund (Tamkeen) has launched a first-of-its-kind bundle to train 50,000 Bahrainis in Artificial Intelligence by 2030. The initiative will introduce three tracks to provide AI training for executives, generalists and specialists.
The Middle Eastern cities have surged in the IMD Smart City Index with Dubai and Abu Dhabi (UAE) entering the top five for the first time, while capitals Riyadh (Saudi Arabia), Doha (Qatar) and Manama (Bahrain) have made it to the top 50 global ranking.
UAE's national carrier Etihad Airways has announced an extension of its long-term partnership with First Abu Dhabi Bank (FAB), cementing a collaboration that continues to reward loyalty members with Etihad Guest Miles for their daily purchases.
Investcorp Capital, a major player in the private markets and alternative investment sector, has announced that it has completed the sale of its US industrial real estate portfolio - spanning 2.3 million sq ft across six states - for $360 million.
Majid Al Futtaim, a leading mall and leisure pioneer, has awarded a AED1.57 billion ($427 million) contract to Dutco Construction for the development of an ultra-luxury neighbourhood in the heart of its flagship lifestyle hub in Dubai - Tilal Al Ghaf.
New Balance, a major global sports footwear and apparel manufacturer, has opened its new location at Mirdif City Center, Dubai. With this new launch, its tenth store in UAE, the brand reinforces its commitment to growth and innovation in the Middle East.
