17 Jan 2026

A consortium including Singapore-based UOL Group has secured a government tender valued at about USD 1.17 billion for a large integrated residential and commercial development site in Singapore. The tender was awarded by the Housing and Development Board and involves a leasehold parcel earmarked for a mixed-use project. The development will integrate residential and commercial components with public transport infrastructure, including a metro rail station, a bus interchange and a town plaza. Under the agreed structure, the residential and commercial elements will be developed separately by consortium members. The acquisition is expected to support UOL Group's residential land bank strategy in Singapore and will be funded largely through bank borrowings and shareholder loans.Read more

17 Jan 2026

Marriott International and Al Qimmah Hospitality have announced plans to open more than 2,700 new hotel rooms across Saudi Arabia as the kingdom continues to expand its tourism sector. The development will include five new hotels across Jeddah, Makkah and Madinah, covering a range of mid-scale and upper mid-scale brands. The move reflects Saudi Arabia's shift towards increasing access to hotel accommodation, particularly to support religious tourism, after years of focus on luxury resort development. Marriott currently operates a sizeable portfolio in the country, while Al Qimmah Hospitality is backed by Bindawood Investment, the real estate arm of the Bin Dawood family.Read more

17 Jan 2026

Allegiant announced plans to acquire Sun Country Airlines in a deal valued at about USD 1.5 billion, including debt. Sun Country shareholders will receive 0.1557 Allegiant shares and USD 4.10 per share in cash, representing a nearly 20 percent premium over recent prices. The merged airline will operate around 195 aircraft across more than 650 routes, serving approximately 175 cities. Allegiant's CEO will lead the combined company, while Sun Country's CEO will join the board. The deal is expected to close in the second half of 2026, pending approvals.Read more

17 Jan 2026

Larsen & Toubro (L&T) has moved to take full control of its offshore marine construction joint venture, L&T Sapura Shipping Private Limited (LTSSPL), by acquiring the remaining 40% stake from Sapura Nautical Power Pte Ltd for INR 122.39 crore (about USD 30.5 million). L&T will buy over 6.35 crore shares at INR 19.26 each and settle Sapura�s outstanding shareholder loan of roughly USD 16.93 million. The transaction, expected to close by the end of this month, strengthens L&T�s offshore marine capabilities in India and the Middle East.Read more

17 Jan 2026

The UAE is set to launch its first national passenger rail network under the Etihad Rail programme later this year, connecting 11 cities and regions across all seven emirates, from Al Sila in the west to Fujairah in the east. Trains will run at speeds up to 200 km/h, offering significant reductions in travel time, including a journey from Abu Dhabi to Dubai in under an hour. The network features strategically located stations with strong integration to local transport systems, supporting commuters, tourists, and business travel while enhancing national connectivity.Read more

16 Jan 2026

UK homebuilder Vistry has forecast profit for 2025 below market expectations after reporting a decline in home sales amid continued uncertainty in the housing market. The company said softer demand from private buyers and delays in partner-funded housing deals affected performance, while forward sales also declined year on year. Although revenue remained broadly flat, sales volumes fell and investor sentiment weakened, leading to a sharp drop in the company's share price. Vistry said government-backed affordable housing programmes continued to support activity, but affordability pressures and fiscal uncertainty limited private market recovery. The company expects future opportunities from long-term government housing initiatives, while remaining cautious on near-term conditions.Read more

16 Jan 2026

Alaska Airlines has placed its largest aircraft order to date with Boeing, committing to 110 jets and securing options for 35 more. The deal includes 105 Boeing 737 MAX 10 aircraft and five Boeing 787-10 Dreamliners, marking a major step in fleet modernisation and international expansion. The order reflects renewed confidence in Boeing's manufacturing controls following earlier safety issues. It also aligns with Alaska's post-merger strategy after acquiring Hawaiian Airlines to strengthen long-haul operations.Read more

16 Jan 2026

MRV Engenharia e Participacoes SA posted a 5.9% rise in pre-sales for its real estate development segment in Q4, totaling 2.76 billion INR, while project launches dropped 3.0% to 2.85 billion INR. The growth in pre-sales reflects ongoing demand for residential properties, particularly among middle-income buyers, even as launches remain slightly lower than last year. MRV&Co has consistently used digital sales channels and financing partnerships to sustain pre-sales momentum, balancing careful project expansion with steady revenue growth in a challenging market environment.Read more

16 Jan 2026

Families of victims from the 2025 Air India Boeing 787-8 Dreamliner crash near Ahmedabad have filed a lawsuit against the airline in the UK High Court, seeking personal injury damages. The crash resulted in 260 deaths, including passengers, crew members, and people on the ground, with only one survivor. This legal action follows earlier lawsuits in the United States against Boeing and Honeywell, where families alleged that faulty fuel switches contributed to the accident. The case adds to growing international legal scrutiny surrounding the incident.Read more

16 Jan 2026

Airbus delivered 793 commercial aircraft in 2025, marking a year-on-year increase and allowing the European manufacturer to retain its lead over Boeing in total deliveries. The figure was marginally higher than the revised annual target of around 790 aircraft, which had been lowered due to supply chain and engine availability issues. Alongside deliveries, Airbus recorded strong order activity and ended the year with a record backlog of 8,754 aircraft. Boeing, meanwhile, improved its delivery numbers and outperformed Airbus in net orders, signalling gradual recovery.Read more