Author: sauditabloid.com

TKE ALAT will build a 40,000 m² site in Dammam’s Third Industrial City to produce state-of-the-art elevators and escalators, with a training facility on site.The land lease agreement is with the Saudi Authority for Industrial Cities and Technology Zones (MODON).The contractor team is Advance Construction Solutions Company for Projects (ZODCON), which is a subsidiary of Advanced Building Industries Company “Senaat”.The advanced manufacturing facility will play a pivotal role in advancing Saudi Arabia’s Vision 2030 objectives and meeting growing urban mobility demand in Saudi Arabia and the wider Middle East and North Africa (MENA) region.DUSSELDORF, Germany and RIYADH, Saudi Arabia, May 13, 2026…

MUSCAT, Oman, May 13, 2026 /PRNewswire/ — Reinforcing the growing economic and investment connectivity between Asia and the GCC, Sohar International and ewpartners have signed a strategic partnership at Sohar International’s headquarters in Oman to strengthen cross-border financial cooperation and facilitate business flows, industrial projects, trade finance, and investment opportunities across Oman, the wider GCC, and Asia.   The partnership combines ewpartners’ Asia-GCC investment network with Sohar International’s banking capabilities and regional expertise to address rising demand for integrated financial solutions supporting Asian companies and industrial projects expanding into the Gulf region.The partnership also builds on ewpartners’ deepening presence in Oman,…

ADNOC Distribution reported record Q1 2026 profit and EBITDA growth as fuel volumes, retail sales and network expansion lifted results.

Pakistan officials said a suicide bombing in Lakki Marwat killed 10 people and injured about 30 in a crowded district market area on Tuesday.

ABU DHABI, UAE, May 13, 2026 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), regulator of the healthcare sector in the emirate, together with the Abu Dhabi Public Health Center (ADPHC), today announced the execution of a Memorandum of Understanding (“MOU”) with Fred Hutchinson Cancer Center (Fred Hutch), one of the world’s leading cancer research institutions and home to three Nobel laureates. By pairing Abu Dhabi’s unified clinical and genomic data infrastructure, sovereign AI capabilities and governed data environments with Fred Hutch’s globally renowned research engine, the ensuing collaborations will pave the way to shortening the distance between…

Chinese automaker sets top-5 ambition in MEA by 2030, announcing seven strategic upgrades and next-generation hybrid technology at Auto China 2026.CHONGQING, China, May 13, 2026 /PRNewswire/ — Changan Group recently unveiled its updated Vast Ocean Plan 2.0 at Auto China 2026, marking a new stage in its global expansion and reaffirming a long-term commitment to international markets — with the Middle East and Africa (MEA) explicitly named as one of its five priority regions. “Today, we are launching Vast Ocean Plan 2.0 with greater determination and a more open mindset. We will continue to follow our core principles—long-term development, localization,…

ABU DHABI, UAE, May 13, 2026 /PRNewswire/ — ADGM, the international financial centre (“IFC”) of Abu Dhabi, marked a successful participation in the Milken Institute Global Conference 2026 (May 3 to 6) in Los Angeles, rounding off an exceptional month that saw 8 major global financial institutions managing USD 4.4 trillion in assets, announce plans to set up in the emirate.   During the visit, the delegation, led by ADGM Chairman, His Excellency Ahmed Jasim Al Zaabi, reinforced Abu Dhabi’s position as the ‘Capital of Capital’ and highlighted the emirate’s role as a key connector of capital between the global north and south. Alongside H.E.…

The platform brings multi-jurisdiction regulatory research, document intelligence, and sanctions intelligence to compliance, legal, and regulatory professionals across 30+ jurisdictions, with institutional-grade security, live AI connectors for Claude and ChatGPT, and a Board of Advisors that includes two former Chief Executives of the Dubai Financial Services Authority.NEW YORK and ABU DHABI, UAE, May 13, 2026 /PRNewswire/ — Sherlocq, the first AI-native regulatory intelligence platform for global financial services, today announced its public launch. Designed for compliance officers, lawyers, risk professionals, and regulators who operate at the intersection of law, governance, and institutional accountability, Sherlocq delivers regulatory intelligence that is precise, traceable, and…

ABU DHABI, UAE, May 12, 2026 /PRNewswire/ — Agthia Group PJSC (AGTHIA:UH), one of the region’s leading food and beverage companies, today announced a strong performance for the first quarter of 2026, reflecting disciplined execution across its diversified portfolio, and its ability to maintain operational continuity amid external headwinds. Group Net Revenue rose 3.3% year-on-year to AED 1.3 billion, EBITDA grew 4.1% to AED 193.3 million, while Net Profit increased 12.5% to AED 96.9 million, supported by disciplined execution, stronger margin delivery, and improving operating performance across key businesses. Results of the quarter were shaped by strong execution in core…

MADINAH, Saudi Arabia, May 12, 2026 /PRNewswire/ — In a scene that combines academic mission with humanitarian values, the Islamic University of Madinah in Saudi Arabia continues to strengthen its global presence through pioneering initiatives that reflect the depth of its impact on communities and reaffirm its role as a bridge for civilizational dialogue among nations. The 14th edition of the “Cultures and Peoples Festival” in 2026 serves as a practical extension of this mission, as the university campus transformed into a vibrant global platform under the slogan “The World is Here,” showcasing an unprecedented level of cultural and human…