South Korea and Saudi Arabia signed a Riyadh energy MoU on June 14 covering crude, storage, AI, and pipelines, with Seoul pivoting to the Red...
Al Aliaa Developments to Invest EGP 100bn in Egypt Over Two Years
Al Aliaa Developments enters Egypt with an EGP 100bn plan over two years, launching AI Tower in the New Capital, billed as Africa's first AI-managed...
Hassan Allam Holding Unveils Grova EastHills in East Cairo
Hassan Allam Holding's Grova Developments launched Grova EastHills, a 300+ acre single-family community on AUC Avenue in East Cairo with 45% open space.
Saudi Arabia’s E-Commerce Boom Puts Back-End Systems on Trial
Saudi Arabia's e-commerce market will climb from $31.29B in 2026 to $54.87B by 2031, YRC's outlook argues, with the readiness gap deciding who keeps margin.
Egypt Presses KPC on Investment as a Production Gap Bites
Egypt's KPC cooperation is at the centre of a wider push to fund Mediterranean, Red Sea, and Western Desert energy projects as domestic gas output...
Indra to Run Qiddiya Bus Network Alongside Alsa in Saudi Arabia
Indra will deploy its smart mobility platform to manage 156 buses, 126 electric, for the Alsa-Hafil consortium at Saudi's Qiddiya entertainment megaproject.
Egypt’s Sinai Offshore Oil Hits 9-Year High as Deficit Persists
Egypt's Sinai offshore fields post their highest daily oil output since 2017, yet a 100,000 bpd refining shortfall and a $21B import bill limit the...
AD Ports Begins Trial Operations at Egypt’s Safaga Terminal
AD Ports has begun trial operations at its $200M Noatum Ports - Safaga Terminal on Egypt's Red Sea, the first internationally operated port in Upper...
Safaga 2 Multipurpose Terminal Begins Trial Operations
AD Ports Group has begun trial operations at Safaga 2 multipurpose terminal in Egypt, a $200 million bet with full commissioning expected in 2026.
Alcazar Energy Buys 580MW Gabal El Zeit Wind Farm for $420M
Alcazar Energy signed a $420 million deal to take over the 580MW Gabal El Zeit wind farm in Egypt, the first renewable power asset under...
Riyadh Rolls Out Staggered Work Hours as Gulf Activates Summer Bans
Riyadh's staggered working hours initiative launched June 2 across six districts as Qatar, Kuwait and Bahrain activated outdoor work bans the same week.
Super Micro’s Xeon 6+ Servers Arrive as Stock Outruns Targets
Super Micro Computer rolled out 12 new server platforms built on Intel's Xeon 6+ processors at Computex this week, packing up to 576 efficiency cores...
Al Ramz Buys Out Riyadh Fund to Take Full Control of Qurtuba 2
Al Ramz Real Estate Company has agreed to buy out the rest of a Riyadh property fund, lifting its stake in the vehicle that owns...
Tel Aviv Developer Bets NIS 24.5m on Teardown Lot’s Rights
Three small, decaying houses on a single stretch of Bar Kokhba Street in central Tel Aviv have changed hands for NIS 24.5 million (the Israeli...
Strohm Books First Egypt Flowline as Burullus Drops Steel for Composite
Strohm has booked its first Egyptian order, a 2,000-metre carbon-fibre flowline that will replace a steel line on one of Burullus Gas Company's deepwater developments...
Egypt Cypriot Gas Deal Puts Cairo in the Middle
Egypt Cypriot gas exports moved a step closer this week after QatarEnergy, Qatar's state energy company, ExxonMobil, the US oil and gas major, and Egypt...