The Department of Culture and Tourism of Abu Dhabi has awarded a $1.7 billion main construction contract for 'Sphere Abu Dhabi' to a subsidiary of Alec Holdings, with completion targeted for the third quarter of 2029.
Uber has agreed to acquire Berlin-based premium chauffeur service Blacklane to bolster its high-end travel division. The transaction, slated to close by the end of 2026, directly aligns with the expansion of Uber's elite mobility offerings.
5 days ago • Germany;United States
Authorities in Oman have launched a tender for the construction of Phase Three of the Remal Park Project in Wilayat Nakhal, South Al Batinah Governorate. The project forms part of a broader tourism development initiative aimed at transforming the Khabat Al Qaddan White Sands area into a multi-purpose recreational destination.
5 days ago • Oman
DreamFolks Services will acquire a 60.24% stake in Dubai-based Easy to Travel for ₹360 million, marking a strategic pivot toward international airport services distribution. The transaction supports DreamFolks’ diversification beyond domestic lounge operations and expansion into global travel markets.
5 days ago • United Arab EmiratesIsrael-based defense electronics company Elbit Systems has clinched a $350 million international contract to upgrade main battle tanks over a four-year period, integrating advanced situational awareness, AI-driven targeting, and modern communication suites.
UPS is investing nearly $50 million in specialized automotive and industrial network enhancements. The expansion introduces time-definite heavy air freight services between the U.S. and Mexico, streamlining cross-border production cycles and integrating brokerage and warehousing into a single-carrier solution.
Ohmium International and InSolare Energy have partnered to deploy a 4 MW green hydrogen facility for NLC India Limited. Utilizing advanced Proton Exchange Membrane technology, the plant in Neyveli aims to produce 700 metric tons of hydrogen annually for industrial and mobility applications.
Diversified industrial major Rashmi Group has announced a massive 35,000 million INR investment to scale its steel, power, and mining operations in West Bengal. The plan includes adding 7 million tonnes of annual steel capacity and operationalizing newly acquired coal blocks across several districts.