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Construction & Real Estate
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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Retail & Wholesale
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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Energy, Oil & Gas
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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Finance & Capital Market
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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Analysis, Interviews, Opinions
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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Industry, Logistics & Shipping
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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Travel, Tourism & Hospitality
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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IT & Telecommunications
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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Motoring
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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Health & Environment
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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Education, HR & Training
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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Miscellaneous
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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