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Kamco Invest, Badie plan to develop iconic tower at Sports Boulevard

Kamco Invest a regional non-banking financial powerhouse with one of the largest assets under management in the Middle East announced the partnership with Badie Investment to establish a SAR500 million...

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NBB customer wins Diyar Al Muharraq seafront villa prize

The National Bank of Bahrain (NBB) has announced Hani Ali Ebrahim as the winner of a luxury seafront villa at Al Naseem in Diyar Al Muharraq following the January Thara a Prize Account draw. This marks...

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ALEC Holdings revenue up 56% to $3.43bn; net profit nearly doubles

ALEC Holdings a market-leading diversified engineering and construction group delivered a record set of results in FY 2025 with revenue rising 56% YoY to AED12.6 billion ( 3.43 billion) underpinned by...

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New horse racing venue planned for Qiddiya, 21,000-seat grandstand

Qiddiya Investment Company has announced plans for a landmark new horse racing venue in Qiddiya City celebrating Saudi Arabia s deep-rooted equestrian heritage while shaping the future of horse racing...

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Ion Exchange lands $191m PDO contract for water, sewage facilities

Ion Exchange one of the leading water and environment management solution companies in India has announced that its key subsidiary in Oman has secured a significant long-term contract worth RO73.5 million...

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PIF unit in deal to acquire Saudi residential mortgage portfolio

The Saudi Real Estate Refinance Company (SRC) a subsidiary of the Public Investment Fund (PIF) has signed an agreement with Alawwal Bank a leading bank in the kingdom to acquire a residential mortgage...

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DEWA stake in Empower jumps to 80% after $1.41bn deal with EPI

Dubai Electricity and Water Authority (DEWA) the emirate of Dubai s exclusive electricity and water services provider which is listed on the Dubai Financial Market (DFM) has increased its shareholding...

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Riyadh's King Salman International Airport signs 7 mixed-use projects deals

King Salman International Airport a Public Investment Fund (PIF) company has signed seven memoranda of understanding (MoUs) and cooperation agreements with a group of leading national real estate companies...

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Indra wins renewal for Makkah-Madinah High-Speed rail O&M contract

Indra a Spanish aerospace defence and mobility systems group has announced that it has secured the renewal of its operation and maintenance contract for the Haramain High-Speed Line project from Saudi...

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Dubai posts highest single-day real estate transaction value of $4.25bn

The Dubai real estate market recorded the highest single-day real estate transaction value in its history on January 26 of AED15.6 billion ( 4.25 billion) data released by the Dubai Land Department said....

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Saudi - Qatar high-speed rail link wins Cabinet approval

Saudi Arabia s Cabinet has approved a landmark agreement with Qatar to establish a 785-kilometre electric high-speed railway linking Riyadh and Doha paving the way for one of the Gulf s most ambitious...

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Worley secures engineering services contract for Qatar LNG project

Worley a leading Australian engineering company has been awarded a contract by Samsung C&T Corporation to deliver detailed engineering services for the QatarEnergy LNG Carbon Dioxide Sequestration Project....

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Royal Development announces sellout of Rotana Al Reem Island homes

Royal Development Holding a premier UAE-based real estate developer and a subsidiary of Emirates Stallions Group has successfully sold out its AED1 billion ( 272 million) Rotana Residences Al Reem Island...

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Construction costs climb worldwide; Saudi Arabia leads regional rise at 4pc

The construction costs globally are set to increase by 2.4% this year but growing uncertainty is the real challenge to project delivery according to Currie & Brown a world-leading provider of cost management...

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Construction costs set to rise this year in Saudi Arabia and UAE: report

Construction costs are expected to rise in the Middle East this year increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors demand remains strong but delivery conditions are becoming...

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Dubai unveils new environmental and recreational destination

His Highness Sheikh Mohammed bin Rashid Al Maktoum Vice President Prime Minister and Ruler of Dubai today (February 10) approved the Al Layan Oasis development project a new environmental and recreational...

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