MENA hospitality market to surpass $487 billion by 2032
The Middle East and North Africa’s hospitality is set to grow to more by than $487 billion (£365 billion) by...
Business
Saudi asset manager announces $1.6 billion real estate fund
Leading Saudi asset manager, Riyad Capital, has announced a collaboration with the Saudi Railway Company to launch a $1.6 billion...
Emirates Driving Company acquires 22.5% stake in Mwasalat
Abu Dhabi-based Multiply Group, which is an investment holding company, announced on October 20th that its subsidiary, Emirates Driving Company...
AI-powered waste monitoring pilot set to launch in Abu Dhabi
Abu Dhabi’s Tajmee’e, Tadweer Group’s waste collection subsidiary, has collaborated with the global infrastructure intelligence company EchoTwinAI in a bid...
Swiss bank UBS opens advisory office in Abu Dhabi
The Swiss bank UBS has opened a new advisory office in Abu Dhabi’s financial centre, Abu Dhabi Global Market (ADGM),...
Abu Dhabi-based global investment company announces merger
Abu Dhabi's IHC (International Holding Company) has announced plans to merge three of its companies into a single investment valued...
Saudi Arabia and India hold talks over petrochemicals
A bilateral meeting was held between Saudi Arabia and India in a bid to boost cooperation in the chemicals and...
Alibaba’s Cloud launches second data centre in Dubai
Chinese e-commerce company Alibaba’s cloud business launched its second data centre in Dubai on October 14, reports Reuters. In a...
HP opens new manufacturing facility in Saudi Arabia
Information technology company HP has opened its new manufacturing facility in Riyadh, Saudi Arabia, and confirmed an AI R&D Center...
Saudi Aramco acquires additional stake in Petro Rabigh
Saudi Aramco has completed the acquisition of a 22.5 per cent stake in its refining and petrochemicals joint venture Petro...
Contract awarded for 1.5 gigawatt solar plant in UAE
Emirates Water and Electricity Company (EWEC) has awarded Abu Dhabi’s renewables developer, Masdar, and France’s Engie a development contract to...
Turkish Airlines enters cooperation agreement with Algerian Airlines
Turkish Airlines, and Algeria’s national airline, Air Algérie, have signed a memorandum of understanding (MoU), according to the Anadolu Agency...
Libya and UAE eye resumption of direct flights
The United Arab Emirates and Libya have been in talks to revive direct flights between the two countries, according to...
UAE’s PureHealth acquires 60% of Greek healthcare group
Abu Dhabi-based PureHealth has completed the acquisition of its majority stake in Hellenic Healthcare Group (HHG), according to the Financial...
World Bank raises growth outlook for MENA region
The World Bank has increased the Middle East and North Africa’s 2025 economic growth forecast to average 2.8%, up from...
