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SUSTAINABLE ENERGY BOOST
Adnoc Drilling awards $800m hydraulic fracturing contract
Adnoc Drilling Company has announced that one of its key units, Adnoc Onshore, has awarded a major contract worth $800 million for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs.
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2,500 HOMES, RETAIL BOULEVARD
Dubai South launches new luxury master-planned community
Dubai South Properties has announced the launch of Hayat, a luxury master-planned community located within its Golf District. Spanning 10 million sq ft, it boasts 2,500 residential units including townhouses, villas, mansions as well as hotel apartments.
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WORLD CUP 2034 PREPARATIONS
IHG in deal to develop two new hotels at King Abdullah Sports City
IHG Hotels & Resorts has sealed an agreement with Saudi-based Koushan Real Estate for the development of two branded properties - Kimpton and Even Hotels - at King Abdullah Sports City, Jeddah. Set for 2028 opening, these hotels will add 585 new rooms.
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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
 | Industry Sectors |
L&T lands key Middle East grid infrastructure contracts
Indian engineering and construction conglomerate Larsen & Toubro said its key PT&D unit has secured new grid infrastructure orders in the Middle East. The scope of work includes development of 220kV and 132kV gas insulated substations on a turnkey basis.
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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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Autoworld to set up Bajaj motorcycles distribution hub in Dubai
Autoworld International, a key distributor for India’s Bajaj Auto, plans to establish its new logistics, distribution hub in Jebel Ali Free Zone. Spanning 162,000 sq ft, it will include an assembly plant for Bajaj motorcycles as well as three-wheelers.
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PwC welcomes 62 new partners in Middle East
PwC Middle East has welcomed 62 new partners, thus reflecting its commitment to investing in talent and strengthening leadership across the region. Of these 26% are women, a meaningful step toward a more diverse and representative partnership group.
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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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Riyadh leads Saudi office rental market with 23% growth
Saudi Arabia's office sector is enjoying record double-digit growth as international interest rises with Riyadh office rents surging by 23% year-on-year to hit an all-time high of SAR2,700 ($719) per sq m as of the end of March, said an industry expert.
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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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Arkan, British Telecom power DHL cloud rollout across Middle East
Arkan Solutions, a leading Saudi-based provider of cloud communication services, has announced the successful go-live of its innovative PSTN integration service for DHL Express in Kuwait, Qatar and Jordan, in collaboration with British Telecom.
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Elle announces Mideast debut with new Dubai Islands project
Anax Developments has announced that following the success of its first residential tower in US, top fashion and lifestyle brand Elle, owned by French Lagardère Group, is set to make its Middle East debut with a key residential project on Dubai Islands.
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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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Taiwan launches new health campaign to boost well-being
Taiwan has launched a global campaign — “Go Healthy with Taiwan” — to strengthen its presence in the international health sector and promote meaningful collaboration to enhance global well-being.
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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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Tamkeen, Zoho launch new programme for Bahraini SMEs
Bahrain's Labour Fund (Tamkeen) has announced the launch of a new programme to support digital transformation for the local small and medium enterprises (SMEs) in partnership with Zoho, a leading global technology company.
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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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