Saudi premium airline Riyadh Air has placed a firm order for 25 A350-1000 aircraft. The agreement, which can potentially increase to 50 planes, supports KSA’s Vision 2030 ambition to reach 300 million air passengers annually by the end of the decade.
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UAE's non-oil foreign trade saw a 18.6% y-o-y growth in Q1, hitting AED835 billion ($227 billion). Buoyed by this consistent record, the UAE aims to take the trade to AED4 trillion ($1.1 trillion) by 2027, four years ahead of schedule, said a report.
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The escalating conflict between Israel and Iran has sent shockwaves through the Gulf’s aviation sector, as major airlines across the region suspend flights to multiple destinations and reroute others amid widespread airspace closures.
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In the past, purchase of a car was driven by utility, brand or resale value but today, it's steered by something more personal - lifestyle. In key cities, mobility is becoming a reflection of one’s identity, rather than mechanical choice, said an expert.
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Artificial intelligence investment across Europe, UK is on the rise, signalling the region’s ambition to rival US and Chinese heavyweights. Despite a global slowdown in tech funding, European AI startups posted a 55% jump in Q1 investment, said an expert.
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Asco, a leading UK-based materials management company for the global energy industry, has secured a contract worth £150 million ($203 million) with a major North Sea energy operator, thus reinforcing its position as the leading logistics provider to the e
Israel has launched unprecedented strikes on Iran, targeting its nuclear program and senior military leaders, plunging the Middle East into fresh uncertainty, increasing the risk of a regional war.
Roads and Transport Authority (RTA) has deployed a groundbreaking AI-driven robotic inspection solution, ARIIS, in collaboration with Keolis MHI and Future Maintenance Technologies. This technology marks a significant advancement in Dubai Metro's operatio
Nasdaq Dubai has welcomed the listing of three green bond issuances totaling $1.72 billion by Industrial and Commercial Bank of China. The bonds were issued under its $20 billion Global Medium Term Note Program by its branches in Dubai, HK and Singapore.
John Wood Group, a leading engineering and consultancy group, said it has been awarded a $2.8 billion contract by Abu Dhabi National Oil Company (Adnoc) to deliver EPCm package for its gas processing facilities at the Habshan facility.
Canada-based WSP Global, a professional services company, said it has reached an agreement with UK environmental and engineering consulting firm Ricardo for acquisition of its entire stake in the company for £363.1 million ($490 million) including debt.
AD Ports Group has signed three pacts with Arab Shipbuilding & Repair Yard Company for collaboration on strategic maritime and ports projects in Bahrain. The scope of work includes management of drydocks and creating green ship recycling units in GCC.
Indian engineering and construction conglomerate Larsen & Toubro said its key PT&D unit has secured new grid infrastructure orders in the Middle East. The scope of work includes development of 220kV and 132kV gas insulated substations on a turnkey basis.
EDGE, one of the world’s leading advanced technology and defence groups, and Leonardo have confirmed their mutual intent to establish a joint venture (JV) in Abu Dhabi.
Coima SGR, an Italian real estate investment manager, has joined hands with Abu Dhabi developer Eagle Hills to acquire the legacy debt on the historic Grand Hôtel des Bains, thus paving the way for full restoration of the landmark property in Venice.
The African Development Bank has teamed up with European Bank for Development and Reconstruction (EBRD), and the British International Investment to provide $479 million funding to Obelisk Solar Power for the development of a 1GW solar PV plant in Egypt.
Bahrain Airport Company has signed a deal with Texel Air for expansion of MRO hangar units at Bahrain International Airport. As part of this, Texel Air will set up a 7,000 sqm Code C hangar along with an additional 10,000 sqm maneuvering, taxiway area.
Aluminium Bahrain, the world’s largest smelter on one site, has announced the promotion of Saleem Helal Ali Yateem to the post of Acting Manager Casthouse Services. An industry veteran, he began his career at Alba in 2008 as a Senior Mechanical Engineer.
In the past, purchase of a car was driven by utility, brand or resale value but today, it's steered by something more personal - lifestyle. In key cities, mobility is becoming a reflection of one’s identity, rather than mechanical choice, said an expert.
The Sport Impact Summit (SIS) has announced a new strategic partnership with Hoko, the UAE-based experiential agency known for its premium hospitality brand Aioka and the newly launched AI innovation platform, Humain.
Marhaba, part of dnata and a leading global airport hospitality brand, has partnered with Prime Health to provide premium travel services for passengers arriving in Dubai for medical treatment.
SAP University Alliances has launched its Business AI Roadshow in the UAE as the latest in a series of collaborations aimed at equipping young people across the Middle East with in-demand technology skills.
UAE Restaurant Group and Images RetailME, two of the region’s leading forces shaping the future of food and retail sectors, are back with the second editions of their key events - UAERG Food Service and Images RetailME Food Business forums - in Dubai.
Arab Coordination Group (ACG), the world's second-largest development finance group, had provided $19.6 billion to fund around 650 operations in 90 countries in 2024. This major financing was geared towards developing critical infrastructure and addressin
stc Bahrain has signed a strategic agreement with global tech group Huawei to jointly innovate and develop cutting-edge 5G-Advanced (5G-A) and AI-powered digital services, enhancing monetisation capabilities to ensure business success in the TechCo era.
Mannai Automotive has signed a strategic deal with BYD, marking a significant milestone in their partnership and paving the way to introduce two of its most premium new energy vehicle brands. Mannai has also placed order for Denza B5, B8 and Yangwang U8.
The Sport Impact Summit (SIS) has announced a new strategic partnership with Hoko, the UAE-based experiential agency known for its premium hospitality brand Aioka and the newly launched AI innovation platform, Humain.
Bahrain’s Public Prosecution has referred a number of Bahraini defendants to trial for submitting false data online to the Social Insurance Organization (SIO) and the Labour Fund (Tamkeen) to illegally obtain over BD230,000 from both entities.
