Author: Mahdeehassan

Dubai, UAE – AriyaX LLC FZ, headquartered in Dubai and operating through AriyaX Capital, has officially launched AXPT (AriyaX Profit Token) — a regulated digital asset structured to provide qualified investors with participation in real-world aviation revenue.AXPT reflects a new approach to tokenization: combining compliant financial structuring with the performance of private aviation, all governed within a secure and transparent framework.“AXPT was developed to give qualified investors a clear, regulated pathway into aviation-based yield,” said Adnan Deeb, Founder and Managing Director of AriyaX. ‘‘AXPT was created to give qualified investors structured access to real aviation revenue, backed by operational performance…

Madinah, Saudi Arabia – Saudi entrepreneur Mr. Mohammed Khalid A. Sabbagh has announced plans to open a new Ramada by Wyndham hotel in Madinah, one of the world’s most revered destinations for Muslim travellers.Developed in collaboration with Wyndham Hotels & Resorts, the world’s largest hotel franchising company, the upcoming Ramada by Wyndham Madinah will feature 77 well-appointed guest rooms and is strategically located in the Al Jamawat area on Al Salam Road, just 5 km from the Holy Mosque. The hotel will serve the growing number of domestic and international pilgrims visiting Madinah each year, offering convenience, comfort, and trusted…

Riyadh, KINGDOM OF SAUDI ARABIA – flyadeal, Saudi Arabia’s fast-growing low-cost airline, is introducing scheduled flights between Riyadh and Lahore – its fifth destination in Pakistan – effective 27 October 2025.The new twice-weekly non-stop flights from the Saudi capital come just months after flyadeal entered the Pakistan market with services to Karachi followed in August by the addition of Islamabad, Peshawar and Sialkot.Steven Greenway, flyadeal Chief Executive Officer, said: “It’s been a fabulous few months for us building flyadeal’s successful Pakistan operations with new routes in quick succession. We have accelerated our Pakistan expansion due to aircraft availability and market…

Dubai, UAE: IFZA proudly announces its sponsorship of the 11th edition of the World Free Zones Organization (WFZO) Annual Congress, held this October under the theme “Zones: Gateways to Global Prosperity, Trade, and Sustainable Innovation.”Taking place in Hainan, China, from October 10–12, 2025, the conference is the world’s premier platform for free zone leaders, policymakers, and innovators to explore the evolving role of special economic zones in driving trade, sustainability, and economic growth. Over three dynamic days, the event will feature visionary keynotes, high-impact panels, and strategic leadership tracks aimed at delivering actionable solutions for a rapidly changing global economy.“At…

Tadawulcom Real Estate, a licensed PropTech platform regulated by the Real Estate Authority, has announced the successful closure of a $400,000 Seed funding round led by an angel investor.According to the company, this investment marks a pivotal milestone in supporting its strategic plans for expansion and technological development. The funding will enable Tadawulcom to introduce advanced tools that elevate user experience and enhance its capacity to serve the real estate market in Saudi Arabia and the wider region.Tadawulcom operates a PropTech Software-as-a-Service (SaaS) model designed to empower brokers, companies, and individual users to build customised real estate websites under their…

RIYADH: A royal approval has been issued to grant Saudi citizenship to American businessman Travis Kalanick and Chief Executive Officer of Red Sea Global John Pagano.They join the ranks of distinguished scientists, innovators, experts in rare specializations and entrepreneurs who have been granted Saudi citizenship.This comes as part of the Kingdom’s commitment to supporting distinguished scientists, researchers and entrepreneurs, in line with the Saudi Vision 2030 directives, which aim to enhance an attractive environment that fosters investment in human capabilities and attracts exceptional and creative individuals.This is due to the added value they represent for the Saudi economy, which focuses…

Diriyah – Diriyah Company has signed an approximately $244 million (SAR 917 million) joint venture contract for the development of the Grand Mosque in Diriyah’s second phase with Al-Majal El-Arabi Group and MAN Enterprise AlSaudia LLC. Designed by award-winning firm X Architects, the mosque will accommodate 11,400 worshippers across a gross floor area of 12,320 square meters.Designed to accommodate up to 5,240 worshippers indoors and 6,160 outdoors, the Grand Mosque in the second phase of the Diriyah masterplan will become a proud symbol of an urban development that is being built around the historic 300-year-old birthplace of the Kingdom of…

Saudi Arabia’s Riyadh Air is set to launch its inaugural flight on October 26, with Britain’s Heathrow Airport as its first destination, state TV reported on Wednesday.Riyadh Air’s CEO Tony Douglas said in a press conference that the second destination will be Dubai.Douglas added that initial ticket sales will be for Saudi Arabia’s sovereign wealth fund (PIF) and Riyadh Air employees, and public sales will follow soon.Saudi Arabia announced in 2023 the creation of Riyadh Air which is wholly owned by PIF, and is expected to serve more than 100 destinations by 2030.Saudi state TV added that the company will…

Riyadh, Saudi Arabia – The Capital Market Authority (CMA) has announced its approval of Bidaya Finance Company’s request to register and publicly offer debt instruments under a new issuance program with a total value of up to SAR 1 billion.In its statement, the CMA confirmed that the prospectus will be published prior to the subscription period. The document will include all key information for potential investors, including the company’s financial statements, detailed business overview, management information, and the complete terms and conditions of the Sukuk issuance program.Earlier this year, in April 2025, Bidaya Finance’s Board of Directors approved the authorization…

Riyadh, Kingdom of Saudi Arabia: Majd Investment, Sumou Global Investment (SGI), and Strategic Housing Group (SHG) have launched Dedicated Housing Company (DHC), a joint venture with an initial SAR 2 billion fund, pioneering co-living for professionals and students. Positioned to lead the sector, DHC will develop and operate Saudi Arabia’s next generation of purpose-built co-living communities.This partnership unites three industry leaders in investment, real estate development, and revolutionary operations to create a platform that will serve and lead the market.Purpose Built Communities for a New GenerationThe Dedicated Housing Company was created to meet the urgent demand for high quality and…