The assets under management (AuM) of Saudi Arabia's Public Investment Fund (PIF) increased by 19% to $913 billion as of year-end 2024, with an annual average total portfolio return of 7.2% since 2017, according PIF's annual report for 2024.
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Dubai recorded a GDP of AED119.7 billion ($32.59 billion) in the first quarter of 2025, marking a 4 percent growth from the same period in 2024, in a testament to the continued resilience of the emirate's economy.
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Saudi oil giant Aramco has signed a $11 billion lease and leaseback deal involving its Jafurah gas processing facilities with a consortium of international investors, led by funds managed by Global Infrastructure Partners (GIP), a part of BlackRock.
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In a growing sector, manufacturing companies must plot a course to their own sustainable growth, and smart-factory technologies that optimise operations and increase efficiency will seem like the logical way forward, says Mark Feathers of Epicor.
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The store of the future will be a technology-enabled, data-integrated retail environment designed to elevate customer journey while driving back-end efficiency, says a new global survey report.
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US artificial intelligence company Perplexity AI has made a $34.5 billion offer to acquire the Chrome browser owned by Google, a subsidiary of Alphabet. The bid is considered modest but exceeds the market value of the start-up, estimated at $14 billion.
Cityscape Global 2025 will open its doors this November in Riyadh bringing together more than 172,000 participants across the whole real estate value chain - from developers and architects to institutional investors, tech firms, as well as policymakers.
Omega Seiki Mobility (OSM), a leading Indian electric vehicle manufacturer, has launched its first international electric vehicle assembly plant in Jafza, Dubai. The company has plans to invest $25 million over the next five years.
The GCC’s asset management industry grew to $2.2 trillion in Assets under Management (AuM) in 2024, a 9% increase from the previous year, according to a new report.
AD Ports Group said its growth story continued in the first half of 2025 with double-digit top-line growth recorded in both Q2 and H1 2025, driven by the Ports, Economic Cities & Free Zones (EC&FZ), and Maritime & Shipping clusters.
The Bahrain Summer Festival 2025 has entered a dazzling new chapter with the launch of Disney On Ice: Into the Magic, which kicked off on Tuesday (August 12) at the Exhibition World Bahrain in Sakhir.
The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South has announced the launch of its new Sky Support Complex, a modern facility designed to support the increasing demand for aviation-related services in the region.
Bank ABC (Arab Banking Corporation) continued its resilient performance, against a backdrop of continuing global economic uncertainty, with an H1 net profit of $152 million, a 1% headline growth over the corresponding period last year.
Zain Group, a leading provider of innovative ICT solutions in the MEA region, has reported exceptional performance for the first half with a record KD1.1 billion ($3.5 billion) revenue, while its net profit surged 49% to hit KD121 million ($395 million).
Shanghai Electric, an equipment manufacturing company, said its key project in Oman - Manah-1 Solar IPP - has completed a month of smooth operational success. It is designed to produce 1.5 billion kWh per annum, cutting CO₂ emissions by 780,000 tonnes.
Five countries account for more than two-thirds of the world’s total nuclear electricity generation capacity. The US has the most capacity, followed by France, China, Russia, and South Korea, based on International Atomic Energy Agency (IAEA) data.
Hyatt Hotels has signed management agreements with Chai Talay Hotel and Narai Hotel Company for The Barai Hua Hin and Narai Hotel, marking the debut of the Hyatt brand's Unbound Collection in Thailand.
Oman's major ports - including Port Sultan Qaboos, Port of Salalah, Port of Sohar, Port of Shinas, Port of Duqm and Mina Al Fahal - have recorded robust growth in the first half driven by a spurt in ship arrivals, container throughput and cargo volumes.
In a growing sector, manufacturing companies must plot a course to their own sustainable growth, and smart-factory technologies that optimise operations and increase efficiency will seem like the logical way forward, says Mark Feathers of Epicor.
Park Properties said it has been signed up as the sales partner by GJ Properties for its flagship waterfront project, Ajman Creek Towers. A luxury living destination, it will offer residents creek views, modern architecture as well as key amenities.
Bahraini authorities said work has begun on Bahrain-Kuwait Health Centre, a key 6,828-sq-m facility in the kingdom's Qalali region. The two-storey building will feature 14 specialist clinics, 14 examination rooms as well as emergency unit with 12 beds.
Saudi Arabia's Visual Arts Commission (VAC) has launched Art Bridges 2025–2026 initiative, comprising four programmes designed to advance professional development for Saudi and Saudi-based artists and creative professionals.
Dubai Summer Surprises (DSS) 2025 has witnessed exceptional growth during the first six weeks of the festival, with retailers and malls across Dubai recording over 100 per cent average increase in consumer spending.
Bahrain Development Bank (BDB), a pioneering financial institution dedicated to empowering the kingdom’s SMEs sector, has reported significant growth for the first half with a 14% jump in its total operating income, while its net profit surged by 22%.
SonicWall today introduced nine new firewalls as part of its Generation 8 portfolio, taking a pivotal step in delivering a cybersecurity platform purpose-built for Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs).
Rolls-Royce has presented its latest Bespoke commission from the Middle East – a captivating Black Badge Cullinan Series II inspired by the unique colours of the sunset over the client’s home city of Doha in Qatar.
Saudi Sports Ministry, in collaboration with National Centre for Privatisation, has entered into EoI and RFQ phases for the Prince Faisal bin Fahad Sports City project in Riyadh. It is being set up under a design, build, fund, operate and maintain model.
As many as 24 new government services have been added to Bahrain's MyGov mobile app, which is available through the eGovernment Apps Store, bahrain.bh/apps.
