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Tabreed secures $490m new debt facility to support investment

Tabreed a leading district cooling company has announced the successful raising of AED1.8 billion ( 490.13 million) new bank debt to support its strategic growth initiatives and optimise its capital structure....

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Saudi Electricity inks $3.4bn deals for two CCGT power plants

Saudi Electricity Company (SEC) has signed power purchase agreements worth SAR12.8 billion ( 3.4 billion) for two large scale CCGT (Combined Cycle Gas Turbine) power plants located in Riyadh city with...

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UAE procurement leaders signal shift to responsible sourcing

Procurement leaders across the UAE are signalling a decisive shift from traditional green procurement to comprehensive responsible sourcing driven by new regulations CFO buy-in and supplier engagement....

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Krank enters GCC market in landmark partnership with Dayim

Krank a global leader in heavy equipment trading technology has announced that it has entered the Middle East market through a strategic partnership with Saudi group Dayim. The partnership has already...

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Saudi Abunayyan, Nextracker in deal to set up new solar energy JV

Abunayyan Holding a major player in the Saudi utility sector has joined hands with NEXTracker a leading provider of intelligent solar tracker solutions to set up a new venture Nextracker Arabia that will...

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Noatum Logistics to launch Sohar - Abu Dhabi freight rail service

Noatum Logistics an AD Ports Group company and a leading global logistics management services provider has signed a preliminary agreement with Hafeet Rail developer and operator of the first cross-border...

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Abu Dhabi starts work starts on world’s first gigascale round-the-clock renewable project

Ground-breaking for the world s largest renewable energy project integrating solar power and battery storage was carried out on Thursday in Abu Dhabi. The project is capable of delivering 1 gigawatt (GW)...

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Symbolic unveils 108-unit residential development in Dubai

Symbolic Developments the real estate division of UAE-based Speedex Group has announced the launch of its latest residential project Symbolic Altus at Liwan in Dubai. Valued at AED150 million ( 41 million)...

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Mumtalakat, SandboxAQ in deal to build $1bn biotech hub in Bahrain

Bahrain Mumtalakat Holding Company the sovereign wealth fund of the Kingdom of Bahrain and SandboxAQ a global leader in artificial intelligence and quantum techniques today (October 27) announced that...

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Samana unveils new 147-unit residential project in Dubai South

UAE-based Samana Developers has unveiled its latest residential project - Samana Hills South 3 - in the rapidly expanding neighbourhood of Dubai South district featuring 147 apartments with a mix of studios...

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Sumou, Diyar Real Estate ink Jeddah infrastructure works deal

Saudi-based Sumou Real Estate Company has announced the signing of an infrastructure development works contract with Diyar Real Estate Development Company (a key entity which represents a real estate fund...

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Mantra Properties, Jacob & Co achieeve key sales milestone

Mantra Properties latest ultra-luxury development Jacob & Co Residences in collaboration with the iconic watch and jewelry brand Jacob & Co has achieved a record-breaking milestone registering over AED300...

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Mered signs up Herzog & de Meuron for Abu Dhabi waterfront project

Mered a leading international developer has partnered with Herzog & de Meuron a renowned architectural practice based in Switzerland for the launch of its landmark waterfront project - Riviera Residences...

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Sobha Realty to contribute $136m to Arab Reading Challenge initiative

Sobha Realty has announced a contribution of AED500 million ( 136.15 million) for an endowment supporting the Arab Reading Challenge initiative. The company made the announcement in the presence of His...

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Ritchie Bros. powers the year end, fueled by record Q3 EMEA sales

As the year draws to a close the mood at yards and work sites across UAE changes: some businesses are eager to clear out lots others are preparing for growth and looking for the right equipment to get...

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Al Madinah MDA shines at Bentley Systems 2025 Going Digital Awards

Al Madinah Region Development Authority (MDA) Saudi Arabia has emerged as the only winner from the Middle East region at the Bentley Systems 2025 Going Digital Awards. MDA won the top honours for its Manarah...

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