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BLACKROCK IN STRATEGIC TALKS
Saudi Aramco eyes $4bn from major power assets sale
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.
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GIANT NATURAL GAS FIELD
Four top firms in race for $5bn Qatar offshore megaproject
At least four leading international contractors or consortia are vying for a major contract from QatarEnergy LNG worth upto $5 billion for the next expansion phase of its massive North Field Production Sustainability (NFPS) project, said a report.
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30bn GLOBAL TOURIST TRIPS
Saudi Arabia taking centrestage in world tourism boom, says WEF report
With global tourist trips set to hit 30 billion by 2034 and tourism outpacing economic growth, Saudi Arabia has become a cornerstone in this transformation as a key destination and home to some of the most ground-breaking investments, said a WEF report.
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ANALYSIS
US inflation surprise ties Feds hands amid 'recession fears'
The latest personal consumption expenditures index and Fed Reserve’s preferred inflation gauge have come in hotter than expected. This has rattled financial markets and raised concerns that the US economy is now hurtling toward recession, said an expert.
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Strong spend, evolving retail landscapes fuel GCC economic resilience
The Middle East continues to distinguish itself as a global economic outperformer, with UAE and Saudi leading the charge. While GDP growth is set at 3.2% this year, UAE will grow by 4% and KSA 3% with further acceleration seen through 2027, said a report.
Top Trade News
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Jingdong JV to set up logistics hub at Abu Dhabi Airports Free Zone
Abu Dhabi Airports has joined hands with Chinese group Jingdong Property to develop key logistics facilities within Abu Dhabi Airports Free Zone. The strategic partnership will see the construction of two modern warehouses spanning a GFA of 70,000 sqm.
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Jadwa buys majority stake in Saudi retailer Makhazen Alenaya
Jadwa, a leading investment management and advisory firm in the region, said it has acquired a majority stake in Makhazen Alenaya, a fast-growing Saudi retail concept, through its flagship blind-pool vehicle, Jadwa GCC Diversified Private Equity Fund.
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Saudi Aramco eyes $4bn from major power assets sale
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.
More…
CBB issues framework for regulating stablecoin issuance
The Central Bank of Bahrain (CBB) has announced the introduction of a framework for the licensing and regulating of stable coin issuers, aimed at ensuring the safe and sound integration of stable coins into the financial system.
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Middle East youth rewriting the rules of corporate success, says report
Among world’s youngest regions, Middle East is at the forefront of a generational shift in workforce values, prioritising financial stability and mental well-being over traditional markers of success such as climbing the corporate ladder, said a report.
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Saudi Aramco eyes $4bn from major power assets sale
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.
More…
Flydubai resumes flights, gradually restarts full schedule
The Dubai-based carrier will resume operations to the Syrian capital from 26 June 2025. Flights to Damascus will operate daily from Terminal 2, Dubai International (DXB).
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Gamezop to set up regional headquarters in Bahrain
Gamezop, one of the world’s leading gamification platforms, has announced plans to set up its regional headquarters in Bahrain. The company is looking at leveraging the kingdom as springboard to expand into the fast growing Mideastern digital landscape.
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Wynn Al Marjan Island unveils ultra luxury offering at RAK
Wynn Al Marjan Island, the UAE’s first gaming resort coming up in Ras Al Khaimah, has unveiled the first look of its ultra luxury offering - Enclave featuring 313 residences - including six distinct layouts, ranging from suites to two-storey apartments.
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RM Sotheby's launches e-auction of F1 champs memorabilia
RM Sotheby's has announced an e-auction featuring pieces of sporting memorabilia from the likes of F1 champs Schumacher, Senna and Hamilton. Everything - from race-worn suit, boot and gloves to signed helmets and horology wristwatches - are up for grabs.
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Saudi university Alfaisal signs landmark deal with Japan’s MEDiDENT
Saudi-based Alfaisal University has signed a landmark agreement with Japan’s MEDiDENT aimed at setting a gold-standard model for equitable, tech-powered healthcare innovation, elevating both nations as co-architects of global health progress.
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RM Sotheby's launches e-auction of F1 champs memorabilia
RM Sotheby's has announced an e-auction featuring pieces of sporting memorabilia from the likes of F1 champs Schumacher, Senna and Hamilton. Everything - from race-worn suit, boot and gloves to signed helmets and horology wristwatches - are up for grabs.
More…
Saudi university Alfaisal signs landmark deal with Japan’s MEDiDENT
Saudi-based Alfaisal University has signed a landmark agreement with Japan’s MEDiDENT aimed at setting a gold-standard model for equitable, tech-powered healthcare innovation, elevating both nations as co-architects of global health progress.
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Ax-4 blasts off on key ISS mission with Indian, Polish and Hungarian crew
SpaceX, Axiom Space and Nasa launched the Axiom Mission 4 (Ax-4) carrying astronauts from India, Poland and Hungary to the International Space Station, marking a historic milestone in global commercial spaceflight. The crew will remain there for 14 days.
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