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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Saudi Arabia and Qatar have signed a deal to build a high-speed rail link between the two countries. The 785-km network, which will connect King Salman International in Riyadh to Hamad International Airport in Doha, will carry trains with speeds above 300 kph.
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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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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.
Saudi Electricity Company (SEC) has announced that it has signed a tri-party agreement with French bank Bpifrance and GE Vernova, a purpose-built energy technology company, to facilitate financing for energy sector projects worth up to $3 billion.
Saudi Water Partnership Company (SWPC) has announced the successful completion of the technical and financial evaluation for the development of the Hadda and Arana Independent Sewage Treatment Plant Projects which will boast a total of 750,000 cu m capacity.
UAE-based facilities management group Farnek said one of its key subsidiaries, Hitek AI, has launched a significant upgrade to its Safetek digital safety management platform thus catering to key sectors such as construction and manufacturing industries.
BP, Woodside Energy and Chevron led the first US Gulf of Mexico oil and gas lease sale since 2023, securing top bids in an auction raising $279.4 million—about $100 million less than 2023—yet achieving the highest per-acre bids since 2017, according to Reuters analysis findings.
Saudia, the national flag carrier of Saudi Arabia, begun operating domestic flights using Sustainable Aviation Fuel (SAF) uplifted from Red Sea International Airport in September 2025, conducted in partnership with Red Sea Global.
BlackRock has announced that it has signed strategic agreements with IHC Group entities - Finstreet Limited and ADI Foundation - to explore initiatives on the development of tokenised markets and next-generation financial architecture.
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.
Dar Global has awarded the enabling works contract for its ambitious 80-floor Trump International Hotel & Tower project in Dubai. The scope of work includes ground engineering, deep enabling systems and provision of logistical mobilisation services.
DP World has completed the first phase of its Living Seawalls installation at Jebel Ali Port, deploying 1,000 eco-engineered panels that transform flat seawall surfaces into habitats where marine life can thrive and enhance biodiversity, setting a new benchmark for sustainable port infrastructure in the region.
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.
Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has entered into a lease agreement with Apple to open an iconic retail store at its premier retail district - Diriyah Square - within the City of Earth.
BlackRock has announced that it has signed strategic agreements with IHC Group entities - Finstreet Limited and ADI Foundation - to explore initiatives on the development of tokenised markets and next-generation financial architecture.
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.
Global truck maker Volvo is launching its popular battery-electric medium duty truck – the Volvo FL Electric – in a 14-tonne entry level version with new battery configuration. The electric version has been in the market since 2019 and are sold in multiple markets across Europe, Middle East, Africa, Asia, and Australia.
The Events Investment Fund (EIF) — launched under Saudi Arabia's National Development Fund (NDF) — has announced the formation of a strategic joint venture with Legends Global, the world’s leading operator of event and sports venues.
The GCC will continue to build on its achievements with a shared vision and unified policies, His Majesty King Hamad said, chairing the 46th session of the GCC Summit at Sakhir Palace on Wednesday.
