Business & Money | Tuesday 24 September, 2024 10:06 am

The Luxury Hotel Boom: Key Drivers Shaping the Global Luxury Hospitality Sector

The global luxury hospitality sector is experiencing significant growth, driven by an influx of affluent travelers seeking exclusive personalized experiences. This is particularly true in the Middle East, a region with ambitious projects attracting the luxury tourist.  A recent viewpoint title ...

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Business & Money | Tuesday 24 September, 2024 9:34 am

UAE, IRENA partner to help developing nations raise and achieve NDC ambitions

The United Arab Emirates and the International Renewable Energy Agency (IRENA) today announced a strategic partnership to support 20 developing nations in strengthening their Nationally Determined Contributions (NDCs), under the NDC Partnership, to raise climate ambitions and drive urgent...

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Business & Money | Tuesday 24 September, 2024 9:32 am

Bahrain's NASS bags Aramco stadium deal, invests over SAR 2.5B in Saudi: Chairman

Sami Abdulla Nass, Chairman of Bahrain's Nass Corporation, said the company won a contract to construct part of the new Aramco Stadium, being built in Al Khobar, Eastern Province, in preparation for Saudi Arabia hosting the 2034 FIFA World Cup. The group is...

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Business & Money | Tuesday 24 September, 2024 9:26 am

Naver plans to set up Middle East unit in Saudi Arabia in 2024

South Korea-based Naver Corp. plans to establish a Middle Eastern subsidiary in Saudi Arabia this year to expand its global operations.  The new unit, Naver Arabia, will be responsible for Naver's business in the Middle East, Yonhap News Agency reported.  Naver intends to form...

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Business & Money | Tuesday 24 September, 2024 9:24 am

Riyad Bank plans additional tier-1 sustainable sukuk

Riyad Bank announced its intention to issue USD-denominated additional tier-1 capital sukuk under its international additional tier-1 capital sukuk program, established by the bank on Sept. 10, following the decision of the board of directors on Aug. 19. In a statement to Tadawul, the sukuk,...

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Business & Money | Tuesday 24 September, 2024 9:22 am

MIS to boost data centers’ capacity at SAR 2.5B

Al Moammar Information Systems Co. (MIS) inked a letter of intent (LoI) with Saudi Fransi Capital on behalf of Saudi Data Centre Fund 1 to expand data centers’ capacity by 64MW, according to a statement to Tadawul. The capacity expansion of the fund data centers will have an estimated value...

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Business & Money | Tuesday 24 September, 2024 9:18 am

Aramco plans to issue USD-denominated international sukuk

Saudi Arabian Oil Co. (Saudi Aramco) announced its intention to offer international sukuk under the SA Global Sukuk Limited’s Trust Certificate Issuance Program. The sukuk will constitute US dollar-denominated, direct, unsubordinated, unsecured and limited recourse obligations of SA Global...

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Business & Money | Monday 23 September, 2024 10:40 am

Bitget Enters A Multi-Million Dollar Deal With La Liga to Explore Crypto-Sports Synergy

Bitget is now LALIGA's Official Crypto Partner in the EASTERN, SEA, and LATAM regions. Victoria, Seychelles -- Bitget, the world's leading cryptocurrency exchange and Web3 company, has partnered up with LALIGA, the world's most celebrated football league, as an official crypto partner. The...

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Business & Money | Monday 23 September, 2024 8:05 am

Forbes Middle East’s Healthcare Leaders Summit, in Partnership with PureHealth, Begins in Abu Dhabi, Setting the Stage for the Future of Healthcare

The third edition of the Forbes Middle East Healthcare Leaders Summit in partnership with PureHealth has kicked off in Abu Dhabi, under the theme “Beyond Boundaries: Advancing Health Towards Longevity,” convening over 3,000 participants and attendees to explore innovative solutions and...

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Business & Money | Monday 23 September, 2024 8:04 am

PCFC concludes its participation in the 2024 World Congress & Exhibition on Intelligent Transport Systems (ITS)

Under the theme "Mobility Empowered by Intelligent Transport Systems," the Ports, Customs, and Free Zone Corporation (PCFC) concluded its participation in the 30th edition of the World Congress on Intelligent Transport Systems (ITS), showcasing the latest developments and technologies in mobility....

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