Saudi Arabia IPO: PIF-backed developer Umm Al Qura to list on Tadawul

Saudi IPO: PIF-backed developer Umm Al Qura to list on Tadawul

The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market

Dubai real estate performance in 2024 image-Getty-Images

Dubai: Off-plan sales dominate 63% of residential sales in 2024

Total residential sales transactions surged by 40.3 per cent to 170,992 units in 2024, more than five times the number recorded in 2020, the report showed

Modon Holding to acquire Arena Events Group

Modon Holding to acquire Arena Events Group

Arena Events group, which operates in over 10 countries including the US, UK, and Saudi Arabia, has been a key player in some of the world’s largest sporting events

Don’t miss Gulf Business’ next real estate panel

The panel features some of the most prominent names in UAE real estate

Häcker Kitchens: Redefining cooking in Dubai for years

15 Years of Häcker Kitchens by Innerspace: Crafting Distinctive Kitchens with German Precision

Leading the evolution of high-end kitchen design in the UAE

Red Sea Residences Promenade Residential View

Saudi Arabia: Red Sea Global unveils luxury Red Sea Residences

The first of Red Sea Residences’ developments is located on Shura Island at The Red Sea destination, with properties set to be ready for handover by the end of 2025

MAG Group to lead first phase of Marsa Zayed beachfront development in Jordan

Marsa Zayed is a large-scale project designed to convert a 320-hectare (3.2 million square metres) stretch of Red Sea coastline into a major tourism and business hub

Dubai international Chambers attracts 207 companies in 2024 Image Dubai Media office

Dubai International Chamber welcomes 207 companies in 2024

This development reflects Dubai’s role as a global business hub and the chamber’s support of its economic growth through strategic international collaborations

Ta'ziz award multi billion dirham contract to build metyhanol plant image Ta'ziz/instagram. For illustrative purposes

TA’ZIZ awards $1.7bn EPC contract for methanol plant in Abu Dhabi

Powered by clean energy, the plant will produce 1.8 mtpa of methanol and will be among the world’s most energy-efficient methanol facilities

Dubai’s Sheikh Zayed Road: What the RTA is doing to reduce traffic

These developments aim to enhance both capacity and efficiency on this critical road in Dubai

Image credit: Supachai Panyaviwat/ Getty Images

UAE: Petrol, diesel prices for February 2025 announced

From February 1, 2025, Super 98 petrol will cost Dhs2.74 a litre, up from Dhs2.61 a litre in January, while Special 95 will cost Dhs2.63 a litre

Dubai’s real estate sector sees transactions hit Dhs761bn in 2024

Revealed: Number of people who relocated to Dubai in 2024

This reinforced the ongoing increase in the demand for residential units

Abu Dhabi fund ADQ, Orion joint venture to invest $1.2bn in metals, mining

Abu Dhabi fund ADQ, Orion joint venture to invest $1.2bn in metals, mining

The venture will initially invest $1.2bn over four years in mining companies in emerging markets in Africa, Asia and Latin America

Salik variable toll rates kick in on Jan 31 2025 Getty Images

Take note: Salik variable toll rates kick in today

There will be no change to the charging method at the Al Safa North and South toll gates, and the Al Mamzar North and South toll gates

WHX

Informa launches WHX Tech to connect healthcare leaders, spur innovation

The inaugural WHX Tech event, a premier hub for digital healthcare innovation, will be held at the Dubai World Trade Centre from September 8 to 10, 2025

Dubai International Airport handles record 92 million passengers in 2024

DXB: How many passengers did Dubai airport handle in 2024?

This is an increase of around 6 per cent from 2023 levels

Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO

Saudi Arabian poultry producer Entaj plans to sell 30% stake in Riyadh IPO

The firm has appointed SNB Capital as the lead manager, financial adviser, bookrunner and underwriter for the IPO

Based on US fed move, central bank of uae maintains base rate jan 2025-image-WAM

CBUAE maintains base rate at 4.40%; reflects US Fed move

The decision follows the US Fed’s latest move to hold rates steady, signalling a cautious approach toward further tightening amid evolving economic conditions

DAMAC Properties unveils its Riverside Views project

DAMAC Properties unveils its Riverside Views project

The project is part of the Riverside Community, the developer’s sixth master development

Health Insurance in UAE

UAE insurance: Up to 60% healthcare costs covered privately

Without private insurance, the government would bear the financial burden of healthcare costs

How M42 is redefining healthcare through AI, digital innovation

How M42 is redefining healthcare through AI, digital innovation

Dr Maaz Shaikh, VP of Product Management at M42, shares how AI is reshaping the global healthcare landscape, highlighting M42’s innovative role in this transformation

PIF-owned Folk Maritime focused on driving regional trade, says CEO Poul Hestbaek

PIF-owned Folk Maritime focused on driving regional trade, says CEO

With Vision 2030 driving infrastructure growth, Saudi Arabia is poised to become a global logistics hub, and Folk Maritime will play a pivotal role in this transformation, says Poul Hestbaek

Chemist Warehouse's Priyash Paray shares insights on wellness retail trends

Chemist Warehouse’s Priyash Paray shares insights on wellness retail trends

Technology is integral to Chemist Warehouse’s strategy, enabling a seamless physical and digital retail blend, says the brand’s CEO

Lunate to acquire minority stake in ADNOC Gas Pipelines

Lunate to acquire minority stake in ADNOC Gas Pipelines

The acquisition of a stake in a premium gas pipeline infrastructure asset marks significant investment by Lunate in energy infrastructure and strengthens its real assets portfolio

Arab Health becomes WHX: A new era of global healthcare begins

Arab Health becomes WHX: A new era of global healthcare begins

WHX, the reimagined version of Arab Health, will encompass multiple healthcare events under one unified banner

PureHealth to acquire 60% stake in Greek healthcare group

UAE’s PureHealth to acquire 60% stake in Greek healthcare group

The Abu Dhabi-listed healthcare platform said the acquisition is subject to regulatory approvals, without disclosing a timeline for its completion

Saudi Arabia's PIF completes $4bn bond issuance

Saudi Arabia’s PIF completes $4bn bond issuance

The offering was four times oversubscribed with strong demand from a range of global investors

Saudi Arabia’s stc Group secures SAR32.64bn government contract

Saudi Arabia’s stc Group secures SAR32.64bn government contract

The contract has a duration of 18 months for preparation and execution, followed by 15 years of project operations

Saudi Arabia eases foreign property investments in Mecca, Medina

Saudi Arabia eases foreign property investments in Mecca, Medina

Foreign investment would be limited to shares, convertible debt instruments, or both and would exclude “strategic foreign investors”

Saudi Arabia ramps up EV charging with new EVIQ-BYD partnership

The collaboration aims to accelerate EV adoption in Saudi Arabia by integrating EVIQ’s expertise in fast-charging infrastructure with BYD’s expanding customer base