Global financiers head to Saudi Arabia for Riyadh investment forum

Global financiers head to Saudi Arabia for Riyadh investment forum

Last year, deals worth $17.9bn were agreed at the forum and organisers say they expect $28bn in deals to be announced this year.

Aviation sector’s share to Dubai GDP seen at $53bn by 2030

Aviation sector’s share of Dubai GDP seen at $53bn by 2030

The share of the aviation industry to Dubai’s economy hit a record Dhs137bn in gross value added, equivalent to 27 per cent of the GDP

Dubai’s Parkin to manage paid parking at Majid Al Futtaim malls

Dubai’s Parkin, Majid Al Futtaim to introduce paid parking at UAE malls

The barrierless parking solution eliminates the need for cars to stop when entering or exiting the mall’s parking lots

First hydrogen-powered taxi pilot project launches in Saudi

First hydrogen-powered taxi pilot project launches in Saudi

This initiative aligns with Saudi Arabia’s National Transport and Logistics Strategy, aiming to promote the use of modern technologies in transportation

Ronaldo invests in healthtech firm Bioniq; firm's valuation hits $82m

Ronaldo invests in healthtech firm Bioniq; firm’s valuation hits $82m

Combining advanced blood biomarker analysis and self-reported health data, Bioniq creates customised supplements designed to meet individual health needs

NMDC Energy reports Dhs402m as Q3 net profit post IPO

NMDC Energy reports Dhs402m as Q3 net profit post IPO

Third quarter revenues reached Dhs3.975bn, up 110 per cent from the corresponding period of 2023, the company reported

UAE: Islamic treasury bonds attract Dhs7.20bn in bids at Oct auction

UAE: Islamic treasury bonds attract Dhs7.20bn in bids at auction

The Islamic T-sukuk issuance programme plays a pivotal role in enhancing the UAE’s financial markets by contributing to the development of a UAE dirham-denominated yield curve

Proptech firm PRYPCO raises $10m in seed funding

Proptech firm PRYPCO raises $10m in seed funding round

The investment round led by Shorooq Partners with participation from Apparel Group and other investors

Holger Reisinger on Jabra’s AI-powered hybrid work solutions

Holger Reisinger on Jabra’s AI-powered hybrid work solutions

Holger Reisinger, senior vice president at Jabra, says AI will reshape the way knowledge workers operate by automating tasks and enabling faster decision-making

Abu Dhabi’s Etihad Airways buys 16 aircraft engines for Dhs1.5bn

Abu Dhabi’s Etihad Airways buys 16 aircraft engines for Dhs1.5bn

The sale includes nine GEnx engines for the Boeing 787 aircraft and five GP7200 engines for the Airbus A380

UAE economy to grow by 5.1% in 2025, says IMF

UAE economy to grow by 5.1% in 2025, says IMF

Growth in the UAE is broad based and driven by solid domestic activity in sectors such as tourism, construction and financial services

How ADNOC is elevating the consumer journey at the pump

How ADNOC Distribution is elevating the consumer journey at the pump

Maaz Qureshi, vice president of Digital Business at ADNOC Distribution, says the company is investing in AI-powered solutions to drive operational excellence

Joel van Dusen on how Mashreq is driving innovation in banking

Joel van Dusen on how Mashreq is driving innovation in banking

The group head of Corporate & Investment Banking at Mashreq says that incumbents now view fintechs as partners rather than competitors

PIF-backed Lucid says stock sale will provide ‘cash runway’ well into 2026

PIF-backed Lucid says stock sale will provide ‘cash runway’ well into 2026

Lucid said it expected the offering to raise $1.67bn, but on Monday, the company said the offering had raised nearly $1.75bn

Emirates SkyCargo orders 5 Boeing 777F, weighs more freighter orders

Emirates SkyCargo orders 5 Boeing 777F, weighs more freighter orders

Together with its previous orders, the carrier now has 14 Boeing 777Fs pending delivery from Boeing until the end of 2026

The Middle East EV market: A $54bn opportunity by 2035

The Middle East EV market: A $54bn opportunity by 2035, shows report

While the potential is vast, high costs, limited EV models, and insufficient charging infrastructure remain significant barriers

Al Khail Road Development project completed; travel time to reduce by 30%

Al Khail Road Development project completed – travel time to reduce by 30%

The project is part of a initiative to enhance Dubai’s road network, particularly as a support corridor to major highways like Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road, and Emirates Road

Dubai Holding Asset Mgmt rebrands residential portfolio

Dubai Holding Asset Management rebrands residential portfolio

Following the integration of Nakheel and Meydan into Dubai Holding, Dubai Residential’s reach expanded to encompass 40,000 homes and over 150,000 residents across the emirate

Aldar Mandarin Oriental partner to bring exclusive branded residences to Saadiyat Island

Mandarin Oriental to bring exclusive branded residences to UAE capital

Abu Dhabi’s first Mandarin Oriental Residences will be situated in Saadiyat Cultural District among world-class museums, fine dining and entertainment venues

Oil edges up on Middle East war concerns, US crude stockpile drop

Oil prices regain ground after 7% loss last week

Oil prices rose on Monday following last week’s decline amid worries about weak demand in China

Saudi Arabia’s PIF sets up company to build staff accommodation

Saudi Arabia’s PIF sets up company to build staff accommodation

SARCC will revolutionise the accommodation market by developing and operating complexes for staff in Saudi Arabia

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Aramco CEO ‘fairly bullish’ on China oil demand after stimulus roll-out

Saudi Arabia is the number two oil exporter to China behind Russia and holds stakes in some Chinese refiners

Saudi Arabia’s United International Holding to sell 30% stake via IPO

Saudi Arabia’s United International Holding to sell 30% stake via IPO

The entire amount raised will be distributed to United Electronics Company (eXtra), the selling shareholder

IMF says global public debt to top $100tn, growth may accelerate

IMF says global public debt to top $100tn, growth may accelerate

The IMF’s latest report showed global public debt will reach 93 per cent of global gross domestic product by the end of 2024

Türkiye’s central bank holds rate at 50%, warns on inflation

Türkiye’s central bank holds rate at 50%, warns on inflation

The last time Türkiye’s central bank raised its main policy rate was in March when it hiked by 500 basis points

Dubai’s Emirates SkyCargo orders more Boeing 777F freighters

Dubai’s Emirates SkyCargo orders more Boeing 777F freighters

The order for more of the current-generation freighters emerged amid tensions between Emirates and Boeing over separate delivery delays of 777X

Fertiglobe to boost Ammonia capacity as ADNOC becomes top shareholder

Fertiglobe to boost ammonia capacity as ADNOC becomes top shareholder

The company is the largest producer of nitrogen fertilisers in the MENA region, with plants in the UAE, Egypt and Algeria

Dr Mohammed Al Zarooni on DIEZ’s role in Dubai’s economic growth

Dr Mohammed Al Zarooni on DIEZ’s role in Dubai’s economic growth

The chairman of DIEZ says the authority is integrating AI and smart city solutions, reinforcing its position as a crucial contributor to Dubai’s economic growth

BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs

BNP Paribas to scrap Bahrain as Middle East HQ and cut jobs

The move comes as competition intensifies between Dubai, Abu Dhabi and Riyadh for regional financial dominance

Cityscape Global 2024: Tahaluf's Rachel Sturgess on aligning with Saudi's ambitious vision

Tahaluf’s Rachel Sturgess on how Cityscape Global aligns with Saudi’s ambitious vision

Cityscape Global 2024 offers a comprehensive platform for international city experts that addresses the future of urban development, real estate, and infrastructure, says the Tahaluf group director