Business & Money | Sunday 19 July, 2026 7:04 am

Mawani signs SAR 1B logistics deals in Jeddah

The Saudi Ports Authority (Mawani) signed seven agreements worth SAR 1 billion to establish logistics centers in Jeddah during the inauguration of the Truck Marshaling Project, aiming to support logistics services, enhance economic value, and create jobs. The agreements include two deals with...

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Business & Money | Sunday 19 July, 2026 6:58 am

NBQ reports AED271 million profit in first half of 2026

National Bank of Umm Al Qaiwain (NBQ) reported a profit after tax of AED271 million for the six-month period ended 30th June, 2026, reflecting resilient performance supported by strong fundamentals, disciplined risk management and a balanced long-term growth strategy. The bank said its...

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Business & Money | Sunday 19 July, 2026 6:40 am

Modon Holding and Nammos Hotels & Resorts bring Nammos Ras El Hekma to Egypt’s North Coast

Abu Dhabi-based Modon Holding and Nammos Hotels & Resorts have announced Nammos Ras El Hekma – the renowned lifestyle and hospitality brand’s first fully integrated destination in Egypt. Located within the Wadi Yemm precinct, the development will bring Ras El Hekma’s promise of timeless...

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Business & Money | Sunday 19 July, 2026 6:34 am

Modon records AED1.25 billion in sales from final phase of Bashayer

Modon has announced the complete sell-out of the final phase of Bashayer, its premium waterfront community on Hudayriyat Island, within one day of launch, generating approximately AED1.25 billion in sales. The development attracted strong interest from buyers, with 71 percent being new customers to ...

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Business & Money | Sunday 19 July, 2026 6:32 am

Abu Dhabi Real Estate Centre records AED117 billion in real estate transactions during H1 2026

The latest market data issued by the Abu Dhabi Real Estate Centre (ADREC), the entity responsible for regulating the real estate sector in the Emirate of Abu Dhabi, revealed that real estate transactions in Abu Dhabi reached a total value of AED117 billion during the first half of 2026. This...

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Business & Money | Thursday 16 July, 2026 12:03 pm

AI Expectations Outpace Adoption in Luxury Real Estate, Marygold Studio Finds at MIPIM 2026

Findings from the Cannes property summit indicate that while developers are experimenting with AI in early-stage CGI and production, hyperrealistic visualization and narrative remain the decisive factors in off-plan luxury sales.DUBAI - Developer interest in artificial intelligence is high across...

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Business & Money | Thursday 16 July, 2026 11:17 am

Elite Group Holding Strengthens Customer Value Through Strategic Lifestyle Partnerships

Dubai, UAE – Elite Group Holding is strengthening its customer-first approach through strategic lifestyle partnerships with Dubai Sports World, Brands For Less, and Al Ansari Exchange, creating rewarding lifestyle experiences for people across the UAE. Spanning retail, sports, wellness, and...

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Business & Money | Thursday 16 July, 2026 8:00 am

Aramco awards Halliburton unconventional gas development contract

Saudi Aramco awarded New York-listed Halliburton a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. In a statement, Halliburton said this award is part of a broader multi-billion contract,...

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Business & Money | Thursday 16 July, 2026 8:00 am

Accor and Saleh Abdulaziz Al Rajhi to Launch ibis Makkah as Demand Evolves Beyond Traditional Peaks

Accor, a world-leading hospitality group, and Saleh Abdulaziz Al Rajhi & Partners, one of the largest real estate players in Saudi Arabia, are excited to announce the launch of ibis Makkah Al Maabdah, a new-build 518-key hotel being developed just 3 km from the Holy Mosque in Makkah’s...

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Business & Money | Thursday 16 July, 2026 8:00 am

Real estate deals up at SAR 23.7B in June

The value of real estate transactions in the Saudi market increased 8% in June 2026 to around SAR 3.7 billion, from SAR 22 billion a year earlier. The rise was driven by a 24% rise in the value of non-residential real estate transactions to SAR 8.7 billion from SAR 7 billion in June 2025....

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