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NEW REVENUE STREAMS
AI to have biggest impact on finance sector says report
AI and emerging technologies are expected to have the biggest impact on the finance sector, according to the Future of Finance report, published by Dubai International Financial Centre (DIFC) in collaboration with its research partner Asia House.
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DEAL INKED FOR EGYPT WIND PROJEC
Acwa Power signs $3.5bn Saudi CCGT power plant contract
Acwa Power said it has signed a SAR13.4 billion ($3.5 billion) agreement with Saudi Power Procurement Company for a large-scale CCGT power plant in the Eastern province. The Qurayyah IPP will boast a 3GW capacity along with the readiness to build CCUs.
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273,000 cu m EXPO SPACE
Saudi Arabia gears up for mega World Defence Show 2026
Saudi Arabia is set to showcase the latest advancements in defence technologies across all its five domains - air, land, sea, space and security - at its biggest ever World Defence Show, to be held next year in Riyadh on a 273,000 cu m exhibition space.
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SPOTLIGHT
Five supertrends influencing global investment outlook
Bank of Singapore has unveiled its "2025 Supertrends Report," a refreshed outlook building upon the insights of the 2024 edition. This latest report identifies the key investment themes shaping financial markets and global economies in the years ahead.
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SPOTLIGHT
Majority plan more vacations this year, finds survey
The travel market is set to grow in 2025 with 84% of people participating in a survey planning to go on the same amount or more holidays this year, compared to 2024.
Top Trade News
 | Industry Sectors |
Acwa Power buys Bahrain, Kuwait strategic utility assets for $693m
Saudi-based Acwa Power has entered into a deal with French utility major Engie to acquire strategic assets in Bahrain and Kuwait for $693 million. These include 4.61GW of gas-fired power generation as well as 1.1 million cu m/day desalination facilities.
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Hublot opens first Saudi Arabia flagship store
Hublot, the Swiss luxury watchmaker, and partner Attar United, have announced the opening of the first Hublot Flagship Boutique in Saudi Arabia, located in Solitaire Mall, Riyadh.
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German group to build big heat exchanger facility in Dubai
German technology group Allied Heat Exchange (A-HEAT) has announced plans to develop the largest heat exchanger production facility in GCC. Spanning 1.2 million sq ft, the built-to-suit facility will be located within DP World’s flagship free zone Jafza.
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Five supertrends influencing global investment outlook
Bank of Singapore has unveiled its "2025 Supertrends Report," a refreshed outlook building upon the insights of the 2024 edition. This latest report identifies the key investment themes shaping financial markets and global economies in the years ahead.
More…
Majority plan more vacations this year, finds survey
The travel market is set to grow in 2025 with 84% of people participating in a survey planning to go on the same amount or more holidays this year, compared to 2024.
More…
Global firms setting up Saudi HQ doubles to 600; nets $320bn FDI
Saudi Arabia has announced tremendous response from global companies in joining the kingdom's growth story with nearly 600 firms set to open their headquarters within the country, thus taking its total investments to SAR1.2 trillion ($320 billion).
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Saudi's flynas to take delivery of over 100 Airbus planes by 2030
Saudi budget carrier flynas is likely to receive more than 100 Airbus planes over the next five years, as part of its broader deal for 280 Airbus jets, said a top official. The airline aims to operate 160 aircraft by 2030 in bid to meet growth targets.
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Northstar Technology, HFCL announce strategic partnership
Northstar Technology, a leading ICT and telecom solutions provider, and HFCL, a global leader in telecom infrastructure and technology, have announced a strategic partnership during the 14th annual Fiber Connect MENA Conference and Exhibition in Dubai.
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Hilton Tower Race set for March 8
Hilton Dubai The Walk, in partnership with the Al Jalila Foundation, is hosting The Hilton Tower Race 2025 on March 8.
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Musk's company in deal to develop Dubai Loop project
Roads and Transport Authority (RTA) has signed an agreement with Elon Musk's Boring Company for the development of 'Dubai Loop' project. A 17-km-long underground transport system, it features 11 stations that can handle over 20,000 passengers per hour.
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Sudair Pharma to set up new insulin plant in Saudi Arabia
Saudi-based Sudair Pharma Company has laid the foundation stone for its new insulin plant coming up in the Sudair City. The plant is expected to produce 15 million insulin pens per annum, which will cover the needs of 500,000 patients in its first year.
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Big 5 Construct Saudi kicks off with new two-week format
Big 5 Construct Saudi is back in Riyadh for its 13th edition in a new format, at a time when the kingdom's construction sector is undergoing a transformation fuelled by the opportunities from a trillion-dollar pipeline of projects, said the organiser.
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American School of Bahrain gets key AI endorsement from US body
American School of Bahrain said it has become one of the first 10 schools worldwide, and the first in the GCC, to receive the Responsible AI in Learning (RAIL) endorsement from Middle States Association, a US accreditation body for colleges and schools.
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PIF named title sponsor for Saudi ladies golf tournament
Golf Saudi has announced that PIF is the new title partner of the renamed PIF Saudi Ladies International, a partnership which also sees the prize money for the tournament equaling with the men’s contest, underlining PIF’s commitment to inclusion in sport.
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