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Maaden raises $1.25bn in sukuk offering

The Sukuk were offered in a five-year and a 10-year tranche.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.
  • Dubai vs Doha: The Battle for Creator Economy Supremacy and Innovation in the Middle East

    Dubai’s aggressive initiatives like the 1 Billion Followers Summit and specialized creator visas put it ahead in attracting global talent,...

    Dubai is aggressively positioning itself as a global hub for the creator economy, leveraging infrastructure, regulations, and location

    Doha’s Qatar Media City aims to attract media and digital companies, establishing the city as a regional innovation hub

  • 2025 IT Security Predictions

    Cloudflare, a leading connectivity cloud company recently published an Op-Ed by Grant Bourzikas, CSO, tackling IT security predictions for 2025

    Hyper-focus on “digital transformation” over the past few years has left security in the dark

    As disinformation continues to plague society, it will begin to trickle into AI models

  • All six lines of Riyadh Metro are now operational

    The Royal Commission for Riyadh City (RCRC) announced that the phased rollout of Riyadh Metro culminated as of Sunday, Jan....

    The Royal commission announced the operation of three new stations on the Blue Line

    Riyadh Metro users will be received from 6:00 am until 12:00 midnight

  • Honda and Nissan expected to begin merger talks

    Honda and Nissan were poised Monday to announce the start of talks on a merger to help the Japanese giants...

    Their collaboration would create the world's third-largest automaker

    Honda and Nissan's partnership could include a manufacturing tie-up

  • Hackers stole US$2.2bn in crypto through 2024, Chainalysis Research

    Crypto hackers stole US$2.2bn worth of crypto. This amount was a 21 percent yoy increase, the fourth consecutive year they...

    This stolen amount represents a 21 percent year-on-year increase

    Private key compromises accounted for the largest share of stolen crypto in 2024, at 44 percent

  • Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks

    In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...

    Cybersecurity in 2024 focused on talent gaps, emerging tech, and resilience

    Public-private efforts tackled cybercrime and evolving digital threats

  • Fifth France-Arab Summit: Forging partnerships for a sustainable tomorrow

    As the world grapples with uncertainty, the summit offers a much-needed space for cooperation and innovation, led by the Franco-Arab...

    The event, under the high patronage of French President Emmanuel Macron, brings together governments, businesses, and visionaries

    By working together, France and the Arab world have the opportunity to shape the future

  • AI as the next frontier: Opportunities for channel partners to lead the way

    AI offers an infinite number of selling and upselling opportunities. Resellers with the right strategic long-term approach will clearly develop....

    A strategic approach to AI integration is key for channel partners looking to capitalize on the transformative potential of this technology within their service portfolios

    Delivering end-to-end AI solutions in another edge - spanning consulting, implementation, and ongoing support - emphasizes the partners' comprehensive service capabilities

  • Saudi Arabia partners with World Bank to launch global knowledge hub in Riyadh 

    According to World Bank Group President Ajay Banga, “The new Knowledge Hub being created by the World Bank Group and...

    The initiative positions Saudi Arabia as a central player in facilitating the global exchange of transformative ideas

    The agreement was formalized with the signing by World Bank Group President and Saudi Arabia’s Minister of Commerce

  • Software solutions that minimize cost overruns, delays in construction  

    Project management software solutions have emerged as essential tools to streamline construction operations, enhance efficiency, and improve project delivery. They...

    The construction project management software solutions market reched US$17 billion in 2024

    Leveraging digital tools can lead to 10-20 percent savings on overall project costs