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.
LEO Developments has announced the official launch of Vistal, its first Victoria Swarovski-branded residential project, at Al Mouj Muscat in Oman. It boasts luxury apartments and duplex chalets in addition to more than 50 premium amenities.
ADNOC Distribution, First Abu Dhabi Bank (FAB), and Mastercard launched the ADNOC Rewards Credit Card in the UAE, offering cardholders 15% back in ADNOC Rewards points on fuel, car care, and convenience store purchases, providing premium benefits across the country’s largest fuel and convenience network.
Saudi Arabia has announced the opening of new facilities at the King Salman Air Base in the Central Sector. These include 115 buildings ( technical, administrative, and residential) covering 126,000 sq m area along with runways, aircraft parking aprons, helicopter pads and hangars.
UAE's leading agri-tech food company Silal said its innovation Oasis (iO) has signed a landmark collaboration agreement with Square Roots, a global agritech company specialising in modular controlled-climate farming and AI-powered cultivation systems, to advance climate-smart desert farming.
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.
LEO Developments has announced the official launch of Vistal, its first Victoria Swarovski-branded residential project, at Al Mouj Muscat in Oman. It boasts luxury apartments and duplex chalets in addition to more than 50 premium amenities.
UAE's leading agri-tech food company Silal said its innovation Oasis (iO) has signed a landmark collaboration agreement with Square Roots, a global agritech company specialising in modular controlled-climate farming and AI-powered cultivation systems, to advance climate-smart desert farming.
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.
American Express has announced the return of its Shop Small campaigns in Bahrain and Qatar in time for the holiday season. Under this, its members in Bahrain will receive BD2 on spending BD5 at participating shops and in Qatar, they will get QR2 on spending QR5 or more.
American Express has announced the return of its Shop Small campaigns in Bahrain and Qatar in time for the holiday season. Under this, its members in Bahrain will receive BD2 on spending BD5 at participating shops and in Qatar, they will get QR2 on spending QR5 or more.
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.
Rolls-Royce Motor Cars Middle East & Africa said it has appointed Mohamed Yousuf Naghi Motors as its official dealer based in Jeddah. The company is likely to open its new luxury showroom - Rolls-Royce Motor Cars Jeddah - in the second quarter of 2026.
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.
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.
