Bahrain’s Shura Council has unanimously approved legislation that allows the government to secure a $200 million loan from the Islamic Development Bank (IsDB). This loan will finance the construction of the new 400kV Al Jasra electricity station, which is part of a broader $465 million financing plan aimed at expanding Bahrain’s national electricity transmission network....
Northstar Telecom, a licensed telecommunications provider in Bahrain, has announced a strategic partnership with HADE Middle East, a prominent leader in leadership coaching and digital transformation consulting. This collaboration aims to enhance the skills of ICT and telecom professionals in both public and private sectors, facilitating their adaptation to technological advancements and evolving leadership roles,...
Siderise Group, a UK-based provider of fire protection solutions, has launched a new manufacturing facility in Dubai, United Arab Emirates (UAE). This facility marks Siderise’s first production site outside the UK, enhancing its operational capacity in the region. The new site will initially focus on producing the RH25-120/90 open-state cavity barrier, which is designed for...
The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has announced an investment of approximately $15.69 million, or EGP 800 million, into North and South Sinai from July 2014 until the end of 2024. This financing has successfully supported around 9 600 small and micro projects, creating over 23 000 job opportunities for local residents...
DataBahn.ai has announced the launch of ‘Reef’, a groundbreaking solution designed to transform the management of security data. This innovative knowledge layer is built on the company’s Model Context Protocol (MCP) server and aims to deliver actionable intelligence derived from high-volume security telemetry precisely when it is needed. Enterprises often collect vast amounts of data,...
Emirates Airlines is set to enhance its services by introducing retrofitted Airbus A380 and Boeing 777 aircraft to eight additional cities. This expansion is part of a broader plan that aims to serve over 70 cities by the end of 2025, featuring aircraft equipped with the latest cabin interiors. This initiative highlights the airline’s commitment...
Sanabil Investments, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), is providing funding for the Middle East tech firm iMENA Group’s recent capital raise of $135 million. This amount represents the first tranche of funds intended for iMENA’s planned initial public offering (IPO). In addition to Sanabil, the funding round attracted investments from venture...
stc group has been recognized by LinkedIn as the leading company for career development in Saudi Arabia, topping the platform’s 2025 ranking of the best workplaces for professional growth. This annual list, now in its fifth year, evaluates organizations based on data-driven metrics related to career advancement and skills development. This accolade comes at a...
Saudi Arabia’s foreign direct investment (FDI) inflows have dropped for the third consecutive year in 2024, indicating ongoing challenges in attracting foreign investors. The kingdom saw a year-on-year decline of 19%, bringing total inflows down to $20.7 billion, marking the lowest level since 2020. This information comes from an annual government report that monitors the...
Dubai has officially been recognized as the first Certified Autism Destination™ in the Eastern Hemisphere. This designation highlights the city’s commitment to inclusivity and accessibility for individuals with autism and their families. Credit: Gulftoday The recognition was announced by the Government of Dubai Media Office, emphasizing the city’s efforts to create a supportive environment. The...