Qatar Tourism and the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) have announced a new partnership aimed at enhancing cross-border tourism in the Gulf region. This collaboration introduces twin-center holiday packages that allow travelers to combine visits to Doha and Abu Dhabi, facilitating a unique multi-city travel experience. The launch of...
Pemo, a comprehensive spend management platform, has officially launched in Saudi Arabia, offering innovative financial solutions tailored for businesses across the Kingdom. The company, which has secured $19 million in funding from international investors, aims to provide smart corporate and virtual cards, automated receipt collection, and AI-driven accounting to simplify expense tracking and invoice management....
Jumeirah has announced exciting plans for three significant new projects in Dubai, including the construction of a new five-star hotel. This new establishment, named Jumeirah Asora Bay, will feature both a hotel and upscale residences located on the La Mer South peninsula. The hotel will offer stunning views of the water and will be designed...
DXC Technology (NYSE: DXC), a prominent global technology services provider, has unveiled its latest offering, the DXC AI Workbench. This generative AI solution combines consulting, engineering, and secure enterprise services aimed at assisting businesses worldwide in integrating and scaling responsible AI within their operations. Ferrovial (NASDAQ: FER), a leading global infrastructure company, is already utilizing...
Egyptian private real estate developer Mabany Edris has announced the launch of its new residential project, ‘Ons New Zayed,’ located in New Zayed City. The total investment for the project amounts to 13.5 billion Egyptian pounds, which is approximately $266 million. The project spans 84 acres and will consist of 1,012 units, featuring a variety...
ICICI Home Finance is planning to raise ₹5 billion (approximately $59 million) through the issuance of five-year bonds with an interest rate of 7.36%, as reported by market sources. The non-banking financial company is targeting ₹3.75 billion with an additional greenshoe option of ₹1.25 billion. Bids for these bonds will be accepted on the Bombay...
Norma Inc., a leading quantum computing and innovative technology firm based in South Korea, has signed a significant Memorandum of Understanding (MoU) with Al Fardan Ventures, a prominent investment and innovation firm in the Middle East. This agreement was formalized in Seoul, with Dr. Hyun-Chul Jung, CEO of Norma Inc., and Mr. Mohammed Ebrahim Al...
The Saudi Central Bank (SAMA) has granted a license to “Tamawal” to offer finance aggregation services, marking a significant step in enhancing the financial sector in the country. With this latest addition, there are now six licensed companies providing finance aggregation services in Saudi Arabia. This decision reflects SAMA’s commitment to support the financial sector,...
Saudi Arabia’s travel company Almosafer, which is part of the Seera Group, is aiming to become a publicly traded company by the end of 2025 or early 2026, according to its chief executive, Muzzammil Ahussain. In an interview with Khaleej Times, Ahussain stated, “We’re still on track for IPO sometime in the later part of...
The Dubai Land Department (DLD) has initiated the ‘Dubai Real Estate Connect’ roadshow in New Delhi, India, aiming to reinforce Dubai’s status as a leader in global real estate investment. This event, organized in collaboration with Q4 Consultants and IIFL Group, featured the presence of Dr. Abdul Nasser Al Shaali, the UAE Ambassador to India,...