In a bid to diversify the nation’s economy and embrace the allure of nature, Saudi Crown Prince Mohammed bin Salman has inaugurated the groundbreaking “Soudah Peaks” masterplan. This visionary project aspires to transform the picturesque Soudah region into a global hub for luxury mountain tourism, situated atop Saudi Arabia’s loftiest peak. Crown Prince Mohammed bin […]
The Middle East is poised to become a pivotal force in the global hospitality and residential sectors, with projects worth a staggering $1.9 trillion driving transformative growth, according to a report released ahead of a major industry conference. Saudi Arabia, the UAE, and Egypt are leading this transformative wave, representing a substantial 90 percent of […]
Riyadh, September 24, 2023 – Oman’s gross domestic product (GDP) experienced a notable 9.5 percent decline in the second quarter of 2023 compared to the same period in the previous year, primarily attributed to a significant drop in oil-related activities. According to data from the National Center for Statistics and Information (NCSI), Oman’s GDP at […]
Riyadh, September 24, 2023 – The National Housing Co. (NHC) in Saudi Arabia has achieved a significant milestone in promoting first-time homeownership, announcing the successful delivery of over 30,000 residential units by September 2023 in collaboration with property developers. This announcement, made in conjunction with the celebration of the 93rd Saudi National Day, underlines NHC’s […]
The global hospitality industry is poised to experience a significant surge in investment, with prominent figures from the sector representing over 50 countries gathering for the Future Hospitality Summit in Abu Dhabi from September 25 to 27. Under the overarching theme of “Focus on Investment,” this event will play a pivotal role in igniting change […]
Saudi Arabia has attained a remarkable milestone as its Gross Domestic Product (GDP) has surpassed the coveted $1 trillion mark for the first time, according to a statement by the Federation of Saudi Chambers (FSC), the apex body representing the Kingdom’s business community. The FSC, in partnership with the Saudi Press Agency, announced that Saudi […]
Abu Dhabi, September 24, 2023 (WAM) – The Ministry of Industry and Advanced Technology (MoIAT) and the Abu Dhabi Chamber of Commerce and Industry (ADCCI) have joined forces in a workshop, conducted in partnership with the Industrial Development Bureau (IDB) of the Abu Dhabi Department of Economic Development. The aim of the workshop was to […]
Dubai, September 24, 2023 (WAM) – The collaborative initiative known as “Future100,” led by the Ministry of Economy and the Government Development and the Future Office, has announced 25 strategic partnerships aimed at supporting the top 100 emerging companies crucial for enhancing the UAE’s future economy sectors. The signing ceremony for these partnerships was graced […]
New York, September 24, 2023 (WAM) – Mariam bint Mohammed Almheiri, the Minister of Climate Change and the Environment, has urged nations worldwide to seize the significant opportunities presented by COP28 in the UAE to drive climate action. Her call emphasizes the importance of focusing on food systems transformation and promoting nature-based solutions to address […]
The Emirates Nuclear Energy Corporation (ENEC) engaged in a productive dialogue hosted by the US-UAE Business Council and the Nuclear Energy Institute (NEI) during a business briefing roundtable held in Washington D.C. this week. Mohamed Ibrahim Al Hammadi, the Managing Director and Chief Executive Officer of ENEC, took the stage to shed light on the […]