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Miscellaneous |
Construction & Real Estate
STAMN Real Estate has announced the launch of its prime development - Nautis Residences - on Dubai Islands. A mid-rise project, it features 63 limited-edition residences - ranging from one-bed luxury apartments through to exclusive four-bed townhouses.
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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
Four people died and 22 others were injured after a barge in the Gulf of Suez sank, said media reports citing the Egyptian government. Adam Marine 12 of Offshore Shukheir oil Company capsized last night, it stated, without providing further details.
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Finance & Capital Market
The equity markets in the Kingdom of Saudi Arabia have developed faster than its debt markets, thanks to its robust banking system that provides competitive financing for nonfinancial corporates, according to S&P Global Ratings.
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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
In a major move, Korean conglomerate HD Hyundai has merged its construction entities - HD Hyundai Construction Equipment and HD Hyundai Infracore - to form a new entity, HD Construction Equipment, with KRW8 trillion ($6.2 billion) consolidated revenue.
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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
In the Middle East, AI is not merely enabling national visions—it is becoming one. From reengineering traditional industries to crafting new economic blueprints, AI is now shaping how nations think, compete, and evolve, according to an expert.
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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
In the Middle East, AI is not merely enabling national visions—it is becoming one. From reengineering traditional industries to crafting new economic blueprints, AI is now shaping how nations think, compete, and evolve, according to an expert.
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Education, HR & Training
UAE-based BNW Developments has announced that it has officially signed up MAN Construction (a subsidiary of the Masah Group) as the principal partner for its ultra‑luxury waterfront project - Aqua Arc - in the northern emirate of Ras Al Khaimah.
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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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