Author: Mahdeehassan

Riyadh, Saudi Arabia – Shomoul Holding, a subsidiary of Mabanee Company, has announced the signing of an agreement with Alshaya Group, a leading international retail franchise operator of around 70 world class brands. Under the agreement, which represents an investment of $150M by Alshaya Group, the companies world famous brands will open across a total leasable area of over 50,000 square meters in 100 stores at The Avenues, Riyadh, creating jobs for 2,500 Saudi nationals. Set to become one of the largest and most prominent shopping and leisure destinations in the Middle East and Africa (MENA) region, The Avenues – Riyadh…

RIYADH, Saudi Arabia–(BUSINESS WIRE/AETOSWire)– Sensory Cloud Inc., a clinical-stage biopharmaceutical company pioneering therapies that deactivate mechano-sensitive ion channels to treat respiratory disease, is today reporting new results from the REACH trial at King Saud University Medical City for the treatment of patients with refractory chronic cough (RCC). SC0023 is a proprietary therapeutic aerosol composed of ions endogenous to human airways, acting to relieve compression of mechano-sensitive ion channels implicated in chronic cough hypersensitivity. “Chronic cough is a major unmet healthcare need afflicting an estimated 10% of the adult human population globally,” said Dr. Kholood Altassan, PhD, head of the Preventive Medicine…

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…