Business & Money | Wednesday 20 August, 2025 12:01 pm

Big-ticket events set the stage for tourism growth in the Middle East

 ‘Big-ticket’ events are playing a pivotal role in driving international tourism and accelerating economic growth, according to experts speaking recently at Arabian Travel Market (ATM) 2025. In the GCC alone, the event and exhibition market is expected to reach US$827 million by 2029,...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

ADNEC Group awarded ‘Plan to Action: Year of Sustainability’s Seal’

ADNEC Group has been officially recognised with the ‘Plan to Action: Year of Sustainability’s Seal’ for its tangible, data-backed achievements in environmental stewardship and sustainable innovation. The award was granted following a national open call to UAE-based organisations...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

Hatta exports power to Dubai

Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), announced the beginning of trial operation and electricity export from the pumped-storage hydroelectric power plant in Hatta to Dubai. This announcement was made during his visit to the project to review...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

SEWA to enhance water security in Sharjah via strategic projects worth AED4 bn

The Sharjah Electricity, Water, and Gas Authority (SEWA) is actively working on several key projects, including the Al Hamriyah Independent Water Desalination Plant, which can produce up to 90 million gallons of water daily. Engineer Faisal Al Serkal, who leads the Water Department at SEWA,...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

10 startups join Presight’s AI-Startup Accelerator Bootcamp in Abu Dhabi

Presight, a leading global AI and big data analytics company, is hosting its first-ever AI-Startup Accelerator Bootcamp in Abu Dhabi, bringing together 10 promising startups from across the globe for a transformative three-day programme designed to scale real-world AI solutions. The Bootcamp...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

Saudi’s GACA grants VistaJet license as first foreign private jet operator

The General Authority of Civil Aviation (GACA) granted a foreign operator certificate to VistaJet, a private aircraft operator, making it the first international private jet operator permitted to operate domestic routes within the Kingdom. In a statement, the authority said that the...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

Ras Al Khaimah, UAE, is undeniably one of the fastest-growing real estate markets in the Middle East: industry leaders

Ras Al Khaimah is experiencing an unprecedented real estate boom, rapidly emerging as among the most dynamic property markets in the UAE, guided by the forward-looking vision of His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah.  The...

More Details

Business & Money | Wednesday 20 August, 2025 12:00 pm

The Arabian Silk Road: First Global Path to Responsible Consumption and Production

Renowned for its green plains and world-famous dates, Al Qassim has emerged as a Saudi model for integrating agricultural heritage with modern sustainability practices. Under the patronage of HRH Prince Dr. Faisal bin Mishaal bin Abdulaziz Al Saud, the “Qassim Land” initiative was launched to...

More Details

Business & Money | Wednesday 20 August, 2025 10:22 am

GIB Capital Announces Management of “Al Wuroud 2” Fund with SAR 1.5 Billion Investment in Taif

GIB Capital, one of the leading companies in asset management and in providing innovative banking, financial, and investment solutions, has announced the management of the “Al Wuroud 2” Fund — a closed-end private real estate fund — with investments exceeding SAR 1.5 billion. The fund is...

More Details

Technology & IT | Wednesday 20 August, 2025 10:00 am

HONOR Magic V5 Sets New Guinness World Record for Foldable Smartphone Durability

In a remarkable demonstration of engineering prowess, the HONOR Magic V5 has officially entered the Guinness World Records by achieving the heaviest weight lifted by a suspended foldable smartphone. The device successfully lifted an impressive 104 kilograms, showcasing unprecedented durability in...

More Details