DroppRWA, a sister company of the Web3 technology provider DroppGroup, has teamed up with Saudi Arabia’s real estate developer RAFAL Real Estate Co. to execute the kingdom’s first-ever real-world asset (RWA) tokenization transaction. This initiative represents a significant turning point, as the RAFAL pilot will serve as a national feasibility benchmark for the future of...
The Charitable Society for Orphan Care in Riyadh, also known as Insan, transferred SR10.5 million ($2.8 million) to beneficiary families in early June, benefiting a total of 35 131 individuals. This initiative was reported by the Saudi Press Agency on Monday. The funds distributed included direct cash payments, allowances for clothing, and provisions for food....
Hotel101 Global, a subsidiary of DoubleDragon Corp. based in Singapore, has announced a significant expansion in Saudi Arabia, with plans to develop 10 000 standardized hotel rooms. This ambitious project is valued at $2.5 billion, roughly equivalent to ₱137.5 billion, and marks a transformative move in the hospitality sector, aiming to elevate the Kingdom’s tourism...
Abu Dhabi National Energy Company’s subsidiary, TAQA Distribution, has signed a Memorandum of Understanding (MoU) with Abu Dhabi Airports. This agreement, made at the World Utilities Congress 2025, aims to explore ways to improve the management of power and water infrastructure while integrating advanced technologies into the existing and future utilities networks across all airports...