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Modon Holding delivers solid 2024 results; net profit hits $2.5bn

Abu Dhabi-based Modon Holding has announced that it has achieved exceptional growth in its full-year results for 2024 driven by strong performance across its four key sectors: real estate asset management...

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Google CEO highlights AI role, quantum breakthroughs in shaping future

Artificial intelligence (AI) is increasingly becoming an integral part of daily life with models such as Gemini leading advancements in efficiency and accessibility said Sundar Pichai the CEO of Google...

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Tasaru, Bahri, and Mosolf set up automotive logistics JV

Tasaru Mobility Investments a prominent investment entity wholly owned by the Public Investment Fund (PIF) of Saudi Arabia has launched a strategic joint venture (JV) in collaboration with Bahri the National...

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Aramex delivers double-digit revenue growth to $1.7bn

Aramex a leading global provider of comprehensive logistics and transportation solutions reported a strong performance in the last quarter of 2024 with revenue up 11% YoY to AED1.7 billion ( 462.84 million)...

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Improved productivity 'can boost GCC GDP by $2.8trn'

Improving the weakest productivity determinants of GCC economies could accelerate regional GDP growth from 3.5% to 6% adding 2.8 trillion to the region s GDP over the next decade a report said. The report...

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Bahrain Steel, Qatar announce $1.3bn supply deal

More than 2 billion worth of new industrial projects were announced at the 5th meeting of the Higher Committee of regional Integrated Industrial Partnership for Sustainable Economic Development held in...

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Alat, Lenovo break ground on major new Riyadh factory

Alat an innovative company focused on creating a world-class manufacturing hub in Saudi Arabia and Lenovo a global technology powerhouse today celebrated breaking ground at the new manufacturing base in...

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Bahrain group Sole Corp shines at Saudi Franchise Expo

Sole Corp a leading Bahraini franchise company showcased its major brands at the Saudi Franchise Expo held recently in Riyadh. Representing 25 distinguished Bahraini and Gulf brands across the hospitality...

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Satys aircraft paint facility opens in Dubai South

Mohammed Bin Rashid Aerospace Hub (MBRAH) the aerospace platform of Dubai dedicated to the advancement of the aviation industry has inaugurated a new state-of-the-art facility for Satys the French group...

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EDGE sets up Powertech to produce aero engines

EDGE one of the world s leading advanced technology and defence groups has announced the launch of Powertech a new company focused on the development and production of high-performance aero engines and...

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Boeing to showcase cutting-edge defence solutions at Idex

Boeing will present its advanced defence and security capabilities and services at the International Defense Exhibition and Conference (IDEX 2025) in Abu Dhabi from February 17 to 21. IDEX is a key opportunity...

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Accenture teams up with Google Cloud to boost Saudi operations

Accenture a leading global professional services company has announced plans to collaborate with Google Cloud to accelerate the adoption of cloud solutions and generative AI capabilities within the Kingdom...

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Bahri marks strategic partnership with LIV Golf Saudi

Bahri a global leader in shipping and logistics today celebrates a strategic partnership with LIV Golf launched past weekend at the first ever LIV Golf Riyadh. This venture marks a significant step in...

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HP plans manufacturing facility, AI and R&D centre in KSA

HP has announced a series of strategic investments aimed at boosting Saudi Arabia s technology industry and bringing education opportunities to Saudi citizens aligned with Saudi Arabia s 2030 Vision. The...

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Jebel Ali Port welcomes first call of new Gemini service

DP World has welcomed the first vessel arrival at Jebel Ali Port under the landmark Gemini Cooperation -- a strategic alliance between Hapag-Lloyd and Maersk aimed at enhancing the ocean freight network...

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Ceer teams up with Italian group Sabelt for sports car seats

Ceer a unit of Saudi wealth fund PIF has announced the signing of a SAR543 million ( 145 million) partnership agreement with Sabelt an Italian company specializing in the design and manufacturing of high-performance...

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