Author: Arabian Media staff
Image: Dubai Media Office/ For illustrative purposes The Middle East and North Africa (MENA) region has overtaken other global markets in branded residential development, accounting for 36 per cent of new worldwide signings, according to new data from Global Branded Residences (GBR), a leading advisory firm in the sector. The surge cements MENA’s position as the fastest-growing region for branded living, driven by an increasing number of fashion-branded and standalone residential projects. Dubai leads the global market, with nearly 160 branded developments either completed or in the pipeline, surpassing traditional hubs such as Miami, New York, and London by a…
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Image: Multiply Group Multiply Group, the Abu Dhabi-based investment holding company, has signed an agreement to acquire a majority stake in Italy’s ISEM Packaging Group, a leading European packaging manufacturer, marking its expansion into a fifth consumer-focused vertical. Under the terms of the deal, Multiply Group will hold a 60.8 per cent stake in ISEM, while European private equity firm Peninsula Capital and minority investors will retain the remaining 39.2 per cent. The transaction, which is subject to regulatory approvals, represents Multiply’s sixth global partnership since its listing on the Abu Dhabi Securities Exchange in December 2021. Multiply Group enters…
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Riyadh Air, owned by Saudi Arabia’s Public Investment Fund (PIF), will begin operating daily flights between Riyadh and London Heathrow on October 26 as part of its operational readiness programme ahead of its full commercial launch. The flights will be operated using a Boeing 787-9 Dreamliner named Jameela, the airline’s reserve aircraft. The inaugural service, flight RX401, will depart King Khalid International Airport at 3:15 am local time and arrive at Heathrow at 7:30 am, according to a statement. The return flight RX402 will leave London at 9:30 am and arrive in Riyadh at 7:15 pm local time. Tickets for…
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Image: Getty Images SAS, a global leader in data and AI, has announced the opening of its new Middle East and North Africa Regional Headquarters in Riyadh, Saudi Arabia. The announcement was made during SAS Innovate on Tour in Riyadh, the company’s flagship regional event attended by senior government officials, industry leaders, and technology experts. The establishment of the new headquarters reinforces SAS’s long-standing presence in Saudi Arabia and highlights its commitment to supporting governments and enterprises across the region in leveraging AI and advanced analytics to drive innovation, operational efficiency, and sustainable growth. “Saudi Arabia is rapidly emerging as…
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