The agreements were signed on the sidelines of the visit by Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to the Republic of Kazakhstan
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district cooling
Tabreed has a flat Q1 but excitement builds over its Palm Jebel Ali deal
Revenue for Q1 2025 falls marginally to $126.9mn as consumption decreased nearly 7% due to colder weather; EBITDA up 4% to $77.1mn
Aramex
Aramex expands Sprinklr partnership for AI-powered customer experience globally
The two are partnering to revolutionise digital customer experience for Aramex customers across more than 65 countries
Aluminium
EGA on track to open UAE’s largest aluminium recycling plant in 2026
First hot metal is expected from EGA’s new recycling plant in Al Taweelah in the first half of 2026
Crown Prince Mohammed bin Salman
Trump in Saudi: The Art of the ‘Gulf’ Deal
After decades of complicated Middle East diplomacy that promised much and delivered little, perhaps there’s something refreshingly honest about a president who cuts straight to the deal
Air Arabia
Air Arabia net profit soars 34% as number of passengers increases by 11%
First-quarter turnover increases to $480mn, leading to net profit of $96.66mn; Airline adds two new Airbus A320 aircraft to its fleet
Abu Dhabi
Fertiglobe targets EBITDA of $1bn+ in its new ‘Grow 2030’ strategy
The Abu Dhabi company posts Q1 2025 revenues of $695mn, up 26% YoY and an adjusted EBITDA of $261mn, up 45%
AI infrastructure
Saudi Arabia’s HUMAIN and AWS forge $5bn-plus AI Zone partnership
AWS and HUMAIN will launch a high-performance AI Zone to scale Arabic LLMs, genAI use cases, and startup innovation
Bulldozer Group
Bulldozer Group pours $55mn into Europe, Middle East expansion as global wealthy flee West
Hospitality giant shifts focus beyond restaurants with wellness ventures to capture migrating HNWIs
Bolt
EXCLUSIVE: talabat, Bolt announce ride services for ‘pro’ Dubai customers in major partnership
The agreement between talabat and Bolt was unveiled during a joint press event in Dubai
aircraft leasing
Saudi aircraft lessor AviLease orders 30 Boeing 737-8 jets
The deal is reinforcing AviLease’s goal of becoming a top 10 global leasing company
AI infrastructure
UAE’s G42, Cisco partner to accelerate global AI infrastructure development
The collaboration aims to enhance AI infrastructure, secure data centres, and support the UAE’s ambition to lead in responsible AI development
Lulu
Five new stores push Lulu’s Q1 revenue to $2.1bn, up 7.3% YoY
EBITDA grows 6.4% to $214.1 million; EBITDA margin at 10.3%; Net profit reaches $69.7mn, up 15.8%; Net profit margin at 3.4%
Darkness retreats
The silence revolution: Phone-free retreats, silent travel gains momentum amid rising burnout, stress, digital addiction
These practices range from “phone-free” holidays to more intensive darkness retreats, and are rising in popularity around the world with significant interest also seen in the Middle East
self-driving
Uber to launch self-driving cars in Saudi Arabia this year
Uber has announced it will launch self-driving robot cars in Saudi Arabia this year
Donald Trump
Donald Trump in Saudi Arabia as $600bn investment in US businesses announced
US President Donald Trump was in Saudi Arabia to talk deals and diplomacy as investments pass $600bn
Saudi ministry of tourism
Saudi Arabia sets 10% economy contribution target for booming tourism sector
Saudi Arabia wants tourism to account for 10 per cent of its national economy by the end of the decade