200-unit eco resort deal for Al-Ahsa, KSA
Dan Company, a PIF firm focused on ecotourism, has partnered with Abdulmohsen Al-Tamimi Contracting Company to build the first luxury resorts in Al-Ahsa,
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Real Estate
Economy
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KSA acquires 15% stake in Heathrow Airport
Saudi Arabia’s Public Investment Fund (PIF) and French investment firm Ardian have completed the acquisition of a 37.6% stake in Heathrow Airport Holdings
Entrepreneur
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UAE fintech secures $500m funding from Citigroup
Citigroup has provided a $500m financing facility to Abu Dhabi’s Astra Tech. The funding is in the form of asset-backed securitisation and will
Economy
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Bahrain roars into 2025 F1 season with double duties
Bahrain will once again host Formula 1 pre-season testing. This marks the fifth consecutive year the Kingdom has been selected for this event,
Economy
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Trillion-dollar push for global mineral growth ahead of Riyadh conference
A new report titled Shaping the Future of Minerals estimates that $5.4tr in capital investment will be required to sustain and expand mining
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Standard Chartered grows its UAE HQ
The British multinational bank Standard Chartered has announced plans to expand its private banking team in the UAE by 20%. This move is
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With its $500bn wealth fund, Qatar targets US, UK, Asia
The Qatar Investment Authority (QIA) has announced it will substantially increase its investment activities, focusing on high-return opportunities in sectors including technology, healthcare,
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World Economic Forum praises GCC governments’ focus on microfinance
The GCC region has made significant strides in microfinance as a way of offering individuals, entrepreneurs, and small businesses access to essential financial
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KSA to be confirmed as 2034 FIFA World Cup hosts
When FIFA makes the official announcement tomorrow, Saudi Arabia will win the hosting rights for the 2034 World Cup. FIFA made it clear