Author: Mahdeehassan

Jeddah: Saudia, the national flag carrier of Saudi Arabia, has announced a strategic partnership between its AlFursan Loyalty Program and Merit, a leading provider of loyalty solutions. The agreement signed by Essam Akhonbay, Vice President of AlFursan Loyalty Program at Saudia, and Julie Barbier-Leblan, CEO and Co-Founder of Merit, marks the official launch of AlFursan (e-Store), a new platform designed to elevate the loyalty experience for AlFursan members. The new AlFursan Store allows members to redeem their miles for a wide selection of products across various categories, extending the program’s value beyond traditional flight rewards. It is designed to boost member…

Ericsson (NASDAQ: ERIC) has inaugurated its new regional headquarters in Riyadh, Kingdom of Saudi Arabia (KSA). The new headquarters reflects Ericsson’s strong commitment to the Kingdom and the strategic role of the country in the company’s regional operations across the Middle East and Africa. The ceremony was attended by His Excellency Eng. Haytham AlOhali, Vice Minister at Ministry of Communications and Information Technology; His Excellency Dr. Abdullah A. Aldubaikhi, Assistant Minister of the Ministry of Investment of Saudi Arabia (MISA); Her Excellency Petra Menander, Swedish Ambassador to Saudi Arabia; Börje Ekholm, President and Chief Executive Officer of Ericsson Group; and…

Dubai, United Arab Emirates: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, has announced its strategic sponsorship of the 27th edition of the Water, Energy, Technology, and Environment Exhibition (WETEX 2025). The exhibition will be held under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy. The exhibition will take place from September 30 to October 2, 2025, at the…

Abu Dhabi, United Arab Emirates – Yas Waterworld Yas Island, Abu Dhabi, the region’s leading waterpark, has officially opened the doors to its highly anticipated expansion today, making the water’s greatest playground even greater. Spanning 13,445sqm, the all-new area invites guests to dive into the “Lost City,” an exciting continuation of the waterpark’s original story, ‘The Legend of the Lost Pearl’. The launch follows a spectacular grand opening event held on June 30, attended by HE Saleh Mohamed Al Geziry, Director General of Tourism at the Department of Culture and Tourism, Abu Dhabi and Dr. Mohamed Abdalla Al Zaabi, Group Chief…

SBC Summit 2025 will debut two new conference stages – Global Markets and Emerging Markets – targeting region-specific insights as the event prepares to welcome over 30,000 attendees from more than 130 countries from September 16-18. Following sharp international growth in 2024, with Latin America attendance up 126%, Asia up 80% with delegates from 30 countries, Africa up 45% with 29 nations represented, and North America up 127%, two additional conference stages were introduced to meet the event’s expanding global appeal. Each stage will deliver targeted, actionable insights and create market-specific networking opportunities for delegates operating across the covered jurisdictions. Rasmus Sojmark, Founder and CEO…

Dubai, United Arab Emirates – Equitativa (Dubai) Limited (“Equitativa”), manager of Emirates REIT (CEIC) PLC (“Emirates REIT” or the “REIT”), today reported financial results for the quarter ended 31 March 2025 for Emirates REIT. Total property income was USD 19 million in Q1 2025 growing 24% year-on-year on a like-for-like basis, reflecting the quality of the retained portfolio, even with the REIT having divested two properties from its portfolio – Trident Grand Mall and Office Park – during 2024. Operational efficiency remained a key driver of performance in Q1 2025, with property operating expenses down 8.4% year-on-year to USD 3 million. Despite…

Dividend Gate Capital held its Annual General Meeting and Extraordinary General Meeting for 2025, during which it reviewed the Group’s financial performance and deliberated on its strategic roadmap for the coming period. During the meeting, shareholders reviewed and approved the Board of Directors’ report and the consolidated financial statements for the fiscal year ended 31 March 2025, which highlighted significant 29% net profit, reflecting 11% year-on-year growth. The Board of Directors also approved the distribution of 9% cash dividends to shareholders and endorsed the allocation of the remaining balance to retained earnings on the company’s balance sheet In addition, the…

Jeddah: AROYA Cruises, the first Arabian cruise line, proudly set sail on its Mediterranean season maiden voyage on 28th June, marking a major milestone in its journey to deliver ‘Remarkably Arabian’ experiences to some of the world’s most iconic cruising destinations. Departing from Galataport Istanbul, AROYA’s Mediterranean homeport, the flagship vessel has embarked on a seven-night journey through the Eastern Mediterranean. The inaugural sailing will call in Athens, Souda Bay, and Mykonos in Greece, followed by Bodrum, before returning to Istanbul on 5th July. Building on the success of its Red Sea debut, AROYA Cruises will operate a full Mediterranean season…

Dubai, United Arab Emirates: Trading and investing platform eToro announced today the launch of six investment portfolios in partnership with Franklin Templeton, a global leader in asset management, to help users invest for future financial goals with target-date strategies. Target-date portfolios are built to help investors work towards a financial goal over a specific time horizon. The portfolios automatically adjust their asset allocation and resulting risk profile over the course of the investment period. eToro’s Target Portfolios incorporate Franklin Templeton’s tactical asset-allocation insights and comprise diversified ETFs across sectors and geographies. Targeting 2028, 2030, 2033 and 2035 respectively, each portfolio automatically calibrates the weights of…

Dubai, United Arab Emirates – June 2025: BlendLab, a UAE-based technology company, has announced its upcoming release of Darven, an AI-powered legal platform purpose-built to support lawyers and legal institutions in the Arab region and beyond. Currently in its final development phase, Darven introduces a forward-looking solution that bridges modern legal practice with cutting-edge artificial intelligence. Designed to meet the practical needs of legal professionals, Darven combines legal reasoning with intelligent features such as AI-driven case analysis, automated document handling, and an interactive legal assistant — all tailored to adapt across regional and international jurisdictions. Hasan Ahmad, Founder and CEO…