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Jeddah summit to discuss future-ready infrastructure solutionsWith the Middle East spearheading some of the most ambitious infrastructure projects in the world, including the $500 billion NEOM city project, the upcoming International Geotechnical Innovation Conference (IGIC 2024) in Jeddah is set to attract over 400 delegates More… |
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Petchem major Sabic shows resilience; swings to Q1 profitSabic, a global leader in diversified chemicals headquartered in Riyadh, has announced a total net profit of SAR246 million ($66 million) for the first quarter of 2024, when compared to a SR1.73 billion ($461 million) loss in Q4 2023. Announcing the results fo More… |
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Saudi inflation falls to 1.6pc in MarchInflation in Saudi Arabia decreased to 1.6% in March 2024 compared to the previous month, reports the kingdom’s General Authority for Statistics (GASTAT). The decline was mainly driven by Food & Beverages, which fell to 0.7% m-o-m in March, sai More… |
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Spark appoints Dave Lee CEO of Spark LogisticsKing Salman Energy Park (Spark), the leading industrial hub at the heart of the energy market, has announced the appointment of Dave Lee as the CEO of Spark Logistics. Spark Logistics is a joint venture between Spark and Hutchison Ports to operate a state-of-t More… |
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Presight snaps up 51pc stake in Abu Dhabi tech venture AIQPresight AI Holding (Presight), an Abu Dhabi-listed company, has announced that it has reached an agreement with AIQ, a disruptive advanced technology pioneer, for a major stake in the company. AIQ is a joint-venture between global energy leader Adnoc an More… |
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Cruise Travel Mart in Dubai draws 200 agents from across Middle EastThe third edition of Cruise Travel Mart, held in Dubai, drew over 200 agents from the Middle East, alongside representatives from 15 prominent cruise companies, solidifying its position as a pivotal gathering for cruise industry professionals in the region. At More… |
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DIFC breaks ground on $299m mixed-use developmentDubai International Financial Centre (DIFC) today (May 1) marked a significant milestone with the ground-breaking ceremony of the Immersive Tower by DIFC, the latest architectural landmark within the heart of Dubai’s financial district, being built at an investment of AED 1.1 bi More… |
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Nova Water introduces a bottle made of 100pc recycled bottlesNova Water became the first Saudi water brand to introduce a water bottle made of 100% recycled bottles. The introduction of the new bottles is in line with the kingdom’s Vision 2030 and the Saudi Green Initiative’s goals and sustainability o More… |
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OCI completes SHE STEMS 2.0 programme 2023-24 cycleOman Cables Industry (OCI), the leading cable solutions provider in Oman, has successfully completed the SHE STEMS 2.0 programme for the 2023/2024 cycle. This initiative, spearheaded by OCI as part of its commitment to social ambition, aims to empower yo More… |
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QatarEnergy enters $6bn deal for 18 largest LNG vesselsQatarEnergy has signed an agreement with China State Shipbuilding Corporation (CSSC) for the construction of 18 ultra-modern QC-Max size LNG vessels, marking a significant addition to its historic LNG fleet expansion programme. The new vessels, with a capacity More… |
