Saudi Arabia’s Public Investment Fund (PIF) has raised its total assets to SR4.32 trillion ($1.15 trillion) by the end of 2024, marking an 18 percent increase from the previous year. This information was disclosed in a report filed with the London Stock Exchange. The sovereign wealth fund reported gross revenues of SR413 billion for 2024,...
Riyadh is experiencing significant growth in its commercial real estate sector, with rents for Grade A office spaces reaching SR2,700 ($719.95) per square meter by the end of March, according to a recent analysis. This marks a remarkable annual increase of 23 percent, driven by successful government initiatives, including the regional headquarters program. The Real...
stc Bahrain, a digital enabler, received the title of “Talent Development Strategic Partner” during the Huawei Bahrain 2024 ICT Talent Achievement Closing Ceremony. This event took place at the eLearning Center at the University of Bahrain and celebrated significant contributors to the country’s ICT sector while emphasizing the importance of developing local talent to support...
Malaysian budget airline AirAsia is planning to establish a Gulf hub this year, aiming to enhance connectivity between Europe and the region while strengthening air links between South-East Asia and the Gulf. According to founder and CEO Tony Fernandes, the airline has shortlisted four airports, including one in Ras Al Khaimah and another in Saudi...
Abu Dhabi is positioning itself as a global real estate opportunity as it prepares to host the 14th International Real Estate & Investment Show (IREIS 2025) at the Abu Dhabi National Exhibition Centre (ADNEC) from September 12 to 14. The event will highlight the emirate’s increasing appeal to investors, with real estate investment in Abu...
Bahrain is taking significant steps towards realizing its long-held ambition of establishing a Disney or Universal Studios-style mega tourism attraction within the kingdom. The Capital Trustees Board has approved new strategic municipal investment proposals aimed at drawing global players to Bahrain as part of its Vision 2030 goals. During its final meeting of the current...
EtonHouse International Education Group, a prominent international education organization based in Singapore, is expanding its reach into Saudi Arabia with the introduction of EtonHouse International Education Arabia. In partnership with the Royal Commission for Riyadh City, the group will establish two purpose-built campuses in Granada, Riyadh, set to open in September 2025. The new educational...
7X, a holding group involved in trade, transport, and logistics, has announced a strategic partnership with Amazon UAE. This collaboration will utilize the Dark Stores of 7X’s logistics arm, EMX, to serve as hyperlocal quick delivery fulfillment hubs. This arrangement aims to enhance the speed of delivery for high-demand products to Amazon’s customers. By positioning...
The UAE recently concluded the 2024–25 season of the International Robot Olympiad (IRO) at GEMS Cambridge High School in Abu Dhabi, marking a significant milestone in a prestigious global competition focused on artificial intelligence and robotics. The event gathered over 500 students aged 6 to 16 from more than 50 schools across all seven Emirates,...
OPSWAT, a leader in critical infrastructure protection, has announced a partnership with SentinelOne® (NYSE:S) to integrate SentinelOne’s advanced AI-powered detection capabilities into OPSWAT’s Metascan™ Multiscanning technology. This collaboration aims to bolster malware detection across various platforms, enhancing the ability of enterprises to defend against modern cyber threats with improved precision and speed. Tom Mullen, Senior...