Author: Mahdeehassan

Riyadh, Saudi Arabia – Riyadh Air, the Kingdom’s new national carrier, and MAHD Academy, the largest national initiative dedicated to identifying and developing sports talent in Saudi Arabia, have signed a strategic Memorandum of Understanding (MoU) to foster collaboration across multiple areas of sports development. As part of this agreement, the partners are launching the Soaring Talents program, an initiative designed to accelerate the growth of the Kingdom’s sports sector in line with Vision 2030. This landmark collaboration combines Riyadh Air’s global sponsorship portfolio with MAHD Academy’s expertise in athletic development to nurture local talent and strengthen Saudi Arabia’s presence on the international…

Oxford Business Group teams up with Madinah Region Development Authority for a special report on the region’s socio-economic transformation Al Madinah, September 2025: The sweeping socio-economic transformations taking place in the historic Saudi region of Al Madinah are the focus of the latest report by global business intelligence and advisory firm Oxford Business Group (OBG). Entitled Bright Horizons: Socio-economic Transformation in Al Madinah Al Munawwarah, the report examines the region’s commitment to community well-being, economic diversification and urban renewal in alignment with the objectives of Vision 2030. In the coverage on citizen well-being, the report explores how the region is…

Riyadh, Saudi Arabia: The Capital Market Authority (CMA) of Saudi Arabia has continued to strengthen the regulatory foundations for fintech growth, announcing that a total of 68 fintech experimental permits have been granted by the end of Q2 2025, with 50 fintech companies currently registered under the CMA’s Fintech Lab, 36 of which are actively operational. This progress reflects the Kingdom’s evolution to a fintech environment that is ready and attractive for innovation, investment, and growth, in line with the objectives of Saudi Vision 2030 and the CMA Strategy 2024–2026. The CMA’s Fintech Lab was launched as a controlled environment for…

Abu Dhabi, United Arab Emirates – Reinforcing its commitment to building a sustainable social care ecosystem, the Family Care Authority (FCA) concluded its participation in the second edition of the Social Care Forum, organised by the Department of Community Development (DCD) from 24 to 25 September at the Hilton Abu Dhabi – Yas Island. Held under the theme “Future Ready Social Care: People, Practice, and Policy,” the forum served as a strategic platform for the Family Care Authority to call for integrated, family-centered policies as the foundation for sustainable and resilient social care systems. The event saw participation from FCA’s esteemed…

Dubai, UAE – MAAIA, the distinguished global real estate developer renowned for its European-inspired craftsmanship and commitment to excellence, has officially broken ground on La Clé, its boutique residential development in the heart of Al Furjan. The groundbreaking ceremony marks a significant step forward for the premium project, which is scheduled for completion in Q1 2027. La Clé by MAAIA will deliver 56 premium residences, featuring one, two, and three-bedroom apartments, along with a selected number of apartments with a private pool—an exclusive offering in the Al Furjan community. Thoughtfully designed to bring nature indoors, the development blends modern aesthetics with…

Abu Dhabi, UAE – XRG P.J.S.C. (XRG) today announced it has closed its acquisition of an 11.7% equity stake in Phase 1 (Trains 1-3) of the Rio Grande LNG project in Brownsville, Texas, United States (US) The investment is a strategic joint venture between XRG and Global Infrastructure Partners (GIP), a part of BlackRock. Rio Grande LNG is one of the most ambitious LNG export infrastructure projects in the US with approximately 48 million tons per annum (mtpa) of potential liquefaction capacity currently under construction or in development, underscoring the role of the US as a major energy exporter. Construction of…

Riyadh, Saudi Arabia – The 2030 Leaders Program, a flagship initiative of the Mohammed bin Salman Foundation (Misk), has announced a strategic partnership with NEOM to deliver Module 4 of Cohort 7, ‘Execute: Delivering strategies in a dynamic world.’ Hosted in NEOM – the sustainable region taking shape in northwest Saudi Arabia – from September 14-18, Module 4 of the program focuses on strengthening capabilities to lead change in fast-paced environments that demand high agility and effective decision-making. Leveraging NEOM’s pioneering experience in change management and innovative projects, the module equips participants with the tools to transform strategies into meaningful realities.…

Abu Dhabi, UAE – Presight, a leading global AI and big data analytics company, has signed two Memoranda of Understanding (MoUs) with the Government of the Republic of Azerbaijan with a view to supporting the country’s artificial intelligence ambitions across national strategy and education. The MoUs were concluded during the official state visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates, in the presence of His Excellency Ilham Aliyev, President of the Republic of Azerbaijan. They were signed by His Excellency Dr. Sultan Al Jaber, Chairman of Presight, on behalf of Presight, and by…

Dubai – UAE: The Board of Directors of the Mohammed Bin Rashid Space Centre (MBRSC) held a meeting, chaired by H.E. Hamad Obaid AlMansoori, Chairman, MBRSC to discuss the key developments in the Centre’s programmes and projects, in line with the strategic plan of the UAE’s National Space Programme. The meeting was attended by H.E. Yousuf Hamad AlShaibani, Vice Chairman, and other board members. During the meeting, the board reviewed the Centre’s ongoing work within the Satellite Development Programme, including detailed updates on the MBZ-SAT and Etihad-SAT missions. Board members were also briefed on the Emirates Lunar Mission’s Rashid Rover 2,…

United Arab Emirates – United Arab Bank (UAB), one of the UAE’s oldest homegrown banks, has partnered with the ENTERTAINER, the leading lifestyle savings app in the region, to offer complimentary 12-month membership with its new Credit Cards. This exclusive benefit unlocks thousands of Buy One Get One Free offers at top restaurants, attractions, leisure venues, hotels, spas and more across the UAE. As the only bank in the UAE providing full access to the ENTERTAINER offers nationwide, UAB is setting a new benchmark for lifestyle-driven banking rewards and reaffirming its commitment to delivering tangible, everyday value to customers. The official signing…