Hello reader,

In today’s newsletter:

Arabian Business carried an exciting selection of stories on Saturday and Sunday, including a wide range of topics that have shaped the region's landscape.

In case you missed them, here are the latest trending stories handpicked by our editors, so that you can stay up to date with the most relevant news and insights from over the weekend:

Dubai will develop a new district named Latifa City and allocate homes and land to citizens as part of a $57bn social agenda program.

The Dubai Land Department has also changed the names of some of the city’s best-known neighbourhoods, according to local media reports.

On the real estate front, Dubai’s Danube Properties has announced Bayz101, a giant skyscraper project in Business Bay. The 101-level megatall tower will be the fourth tallest in Dubai and one of only four buildings with more than 100 levels, after the Burj Khalifa, Marina 101, and Princess Tower. The project, once completed in 2028, will deliver 1,346 homes.

Aside from this, Ajman has announced plans to establish a new free zone in the UAE. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued two Emiri Decrees No. (15) of 2023 establishing the Ajman Centre for New Projects (Free Zone) and No. (1) of 2024 concerning the appointment of Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi as its Chairman.

Moreover, in Saudi Arabia, the kingdom has announced major recycling and waste management plans to develop the waste sector in the Kingdom. It calls for recycling to reach up to 95 percent, which adds approximately SR120bn ($32bn) to the GDP, as well as recycling up to 100 million tonnes annually to achieve sustainability.

THE LONGER READ:

A number of timepieces have become coveted collectibles with some hard to snag pieces floating in the resale market for over three times the retail price