Saudi Arabia mulls follow-on share offerings framework

Saudi Arabia considers regulatory framework for follow-on share offerings

The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies

RedBird IMI strikes $1.45 bln deal for UK's All3Media

Abu Dhabi-backed RedBird IMI strikes $1.45bn deal for UK’s All3Media

The investment group said the All3Media deal is its fifth acquisition and the largest so far

Diriyah - bab samhan hotel

Saudi heritage on display at Diriyah’s Bab Samhan Hotel

The opening of Bab Samhan marks a significant milestone in Diriyah’s journey towards becoming a premier destination for luxury hospitality

Binghatti branded residence

Dubai-based developer Binghatti to debut US Dollar bond offering

Investor meetings are scheduled to start from February 20 and will be followed by a benchmark-sized US dollar-denominated unsecured Sukuk offering

FedEx invests $350m in air, ground regional hub at DWC

Here’s why FedEx has invested $350m in Dubai logistics hub

The 57,000-square-metre facility incorporates advanced technologies that include automated sort systems to enhance the efficiency

Etihad- Boeing Dreamliner

Etihad brings home its brand new Boeing 787-9 Dreamliner: Watch

Etihad Airways is set to introduce an upscale passenger experience aboard its newly acquired Boeing 787-9 aircrafts

DeepFest 2024 has an amazing line-up of speakers this year

DeepFest 2024: A platform for AI leaders and luminaries

DeepFest 2024 has an impressive line-up of speakers who will share AI’s potential to rewrite the economic rulebook, and deeply influence the way we work, create and communicate

AI - DEEPFEST

Unlocking the potential of AI across industries: Hear it at DeepFest 2024

From revolutionising customer interactions to advancing national security, AI holds promise for shaping the future of technology and human interaction

Alat co-chief of corporate development, Brian Rogove

WATCH: Softbank, PIF’s Alat to build humanoid robots in Saudi Arabia

A new JV will build a ‘lighthouse factory’ that will create humanoid robots by year-end, according to Brian Rogove, the co-chief of corporate development at Alat.

Oil hovers near 3-week high on Middle East tensions

Oil hovers near 3-week high on Middle East tensions, China demand

A bearish International Energy Agency report last week revised the 2024 oil demand growth forecast downward as the world shifts to cleaner energy

Vodafone, DAMAC to build $100m data centre in this city

Scheduled for completion in 2025, the new facility will feature a capacity of 6 megawatts

air india express unveils express lite offer Image Air India Express

India-UAE travel: This airline’s new offer gets you discounts on tickets, baggage

The discounted fares are available exclusively through the airline’s mobile app and website

Emirates bets on vertical farming with Bustanica deal

Emirates Flight Catering fully acquires indoor vertical farm Bustanica

The deal makes Bustanica a fully UAE-owned company as it looks to leverage its local expertise to meet the market’s growing demands

Saudi Aramco likely to issue a bond in 2024

Saudi Aramco likely to issue a bond in 2024, CFO says

The state-owned energy firm last tapped global debt markets in 2021, when it raised $6bn from the sale of a three-tranche sukuk

Saudi Arabia bolsters film industry with $100m fund

Saudi Arabia unveils $100m film fund in entertainment push

The fund will collaborate with major international studios and provide content that reflects Saudi culture and values

Raffles Hotels & Resorts to debut at NEOM’s Trojena

Raffles Hotels & Resorts set to debut on this NEOM island

Raffles Trojena, the newest hospitality brand to partner with NEOM Hotel Division, will be located in the Discover cluster

Red Sea

Red Sea tensions: Cargo ship abandoned after Houthi Attack

The crew abandoned the ship early on Monday after seeking assistance from Djibouti authorities

Saudi Arabia posts 2023 budget deficit of $22bn

Saudi Arabia’s GDP has ‘nearly doubled’ since 2016

Saudi Arabia’s Minister of Investment, Khalid Al-Falih shared these milestones at the third Saudi Capital Market Forum in Riyadh on February 19

Five key trends shaping the region's advertising sector. Image Getty images

Insights: 5 trends shaping the region’s advertising industry in 2024

The regional advertising market is predicted to surge by 6.2 per cent in 2024, reaching a value of $6.9bn

saudi arabia

Saudi finance minister expects above 5% non-oil growth

Non-oil GDP grew 4.6 per cent in 2023, while overall GDP contracted 0.9 per cent

WOW resorts

These developers are bringing the ‘WOW’ factor to Ras Al Khaimah

The development, which has an estimated value of Dhs4.8bn, will be ready for handover by 2026

Singapore mandates SAF use for departing flights by 2026

Singapore to require departing flights to use sustainable fuel from 2026

The aviation regulator said fights departing from the city-state will cost more from 2026

Saudi Foundation Day

Saudi Arabia Foundation Day 2024: Celebrate long weekend with fireworks and more

The kingdom celebrates the occasion with several events, including military performances, fireworks and drone shows paying homage to its history

Fly Jinnah - Sharjah

Fly Jinnah, Air Arabia JV’s first international flight lands in Sharjah from Islamabad

Established just over 15 months ago in October 2022, Fly Jinnah currently operates domestic flights across five cities in Pakistan

Dubai registers 1.92 million daily commuters in 2023

Dubai: 1.92 million people used public transport daily in 2023

The Dubai Metro was the most popular mode of transport, serving 260 million riders in 2023

DXB passeger traffic hits-87 million -Image-Dubai-Airports

DXB sees passenger traffic soar in 2023, welcomes 86.9 million travellers

DXB is poised for continued growth in 2024, with initial forecasts anticipating 88.8 million guests

UAE’s non-oil trade hits record Dhs3.5tn in 2023

UAE non-oil trade expands to record Dhs3.5tn in 2023

The country has initiated a raft of bilateral trade, investment and cooperation deals with several fast-growing economies

ROSHN’s group CEO on transforming Saudi living

ROSHN CEO David Grover on transforming Saudi’s housing sector

The group GCEO tells us that ROSHN is a catalyst for economic growth and diversification in addition to raising homeownership rates in the country

How AI and ML are transforming business analytics

Why AI and ML are transforming business analytics

Leveraging AI and ML in business intelligence enhances operational data utilisation and business intelligence offerings

How GCC sovereign funds are accelerating growth

Why GCC wealth funds are becoming engines of regional growth

Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest