Saudi-based Dar Al Majed Real Estate Company has announced that it has expanded its credit facilities with Banque Saudi Fransi (BSF) to SAR684.5 million ($182.2 million) from SAR550 million ($146.4 million). This funding will be mainly used for Dar Al Majed’s expansion plans as well as development of its real estate projects.
The Gulf countries continue to consolidate their position as one of the most influential hubs in global energy markets, (with 32.7% of global oil reserves and 21.2% gas reserves) supported by a broad base of natural resources, advanced infrastructure and accumulated expertise, said a report.
Dubai Municipality has announced the deployment of an advanced, technology-driven beach safety system that combines next-generation aquatic rescue robotics with aerial water-rescue drones, reinforcing Dubai’s position as a regional and global pioneer in smart coastal safety.
Aluminium Bahrain (Alba), the world’s largest smelter on one site, has initiated a controlled and safe shutdown of Reduction Lines 1, 2 and 3, which together represent 19% of Alba’s total production capacity, as an operational measure to preserve business continuity following the closure of Strait of Hormuz.
Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and Development (UNCTAD) study has warned.
Dubai Municipality has announced the deployment of an advanced, technology-driven beach safety system that combines next-generation aquatic rescue robotics with aerial water-rescue drones, reinforcing Dubai’s position as a regional and global pioneer in smart coastal safety.
The United Nations Children’s Fund (UNICEF), in partnership with MBRGI and the Children’s Investment Fund Foundation (CIFF), has announced a major new $300 million partnership to help save 3 million children from malnutrition.
India's Central Board of Secondary Education (CBSE) on Sunday cancelled remaining Class 12 board examinations (scheduled between March 16 and April 10), including papers earlier postponed in several West Asian countries including Bahrain and other GCC countries and Iran amid the ongoing regional conflict.
Dubai International Financial Centre (DIFC) has announced the successful completion and phased handover of DIFC Square ahead of schedule. Spanning over 600,000 sq ft, the development forms an ensemble of three interconnected glass façade buildings with dedicated parking facilities and retail spaces.
Saudi-based Dar Al Majed Real Estate Company has announced that it has expanded its credit facilities with Banque Saudi Fransi (BSF) to SAR684.5 million ($182.2 million) from SAR550 million ($146.4 million). This funding will be mainly used for Dar Al Majed’s expansion plans as well as development of its real estate projects.
Northstar Telecom, a leading ICT and telecom solutions provider, has signed an agreement with HFCL, a telecom infrastructure leader, for the strategic standardisation of its Wi-Fi Access Point and Switching infrastructure on the IO by HFCL portfolio across its business and residential broadband services.
MotoGP has confirmed that the Qatar Grand Prix, originally scheduled for April, has been postponed to November 8 due to the ongoing geopolitical situation in the Middle East.
US President Donald Trump threatened further strikes on Iran's Kharg Island oil export hub and urged allies to deploy warships to secure the Strait of Hormuz, an artery for global energy supplies, as Tehran vowed to intensify its response.
Dubai Municipality has announced the deployment of an advanced, technology-driven beach safety system that combines next-generation aquatic rescue robotics with aerial water-rescue drones, reinforcing Dubai’s position as a regional and global pioneer in smart coastal safety.