The global GDP is projected to surge 2.8% in 2026, led by stronger momentum in the US and resilient exports from China, while the euro zone benefits from targeted fiscal support despite longer-term challenges, said Goldman Sachs Research in its new report.
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Modon has awarded the main construction contract for two of its residential developments on Hudayriyat Island: Nawayef East and Nawayef West. With a total value of AED5 billion ($1.36 billion), the contract is the largest awarded for residential in Abu Dhabi in 2025.
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Kuwait's State Audit Bureau has approved the engineering, procurement and construction (EPC) contract for completing the first phase of the Mubarak Al-Kabeer Port project, marking a significant step towards implementing the remaining phases, The Times of Kuwait has reported.
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UAE shoppers are turning to AI to make shopping easier and more efficient, and they are signalling the importance of transparency as these tools become part of everyday life, says a Visa survey.
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Global luxury markets proved resilient into 2025, with overall luxury spending stabilising at similar levels to last year, despite headwinds from economic and geopolitical uncertainties, as well as disruption from critical shifts in consumers’ preferences, a report said.
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Action Energy Company (AEC), a leading Kuwaiti onshore drilling and oilfield services provider, has begun trading on Boursa Kuwait’s Premier Market following the completion of its private placement. It raised KD55.1 million ($180 million) from local and international investors.
A consortium led by top European utility EDF Power Solutions has signed a 20-year power purchase agreement with Oman's Nama Power and Water Procurement for the development of the 120MW Jaalan Bani Bu Ali (JBB) wind power plant in the sultanate.
Binghatti Developers and Mercedes-Benz have announced plans to jointly set up a multi-tower branded city in Dubai at a total investment of AED30 billion ($8.2 billion) featuring luxury residences, leisure districts, retail boulevards, wellness and dining outlets.
Metito Utilities has announced that its consortium - with key partners Etihad Water and Electricity (EtihadWE), and SkyBridge - has secured the contract for the development of the Hadda Independent Sewage Treatment Plant (ISTP) project in the Makkah Province.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
Abu Dhabi-based Mubadala Investment Company and Barings, one of the world’s top investment managers, have entered into a $500 million global real estate debt partnership. The new JV will focus on investing in subordinated loans across real estate asset classes.
Wynn Resorts and Marjan have achieved a major construction milestone with the topping out of Wynn Al Marjan Island, the region’s first fully integrated resort in Ras Al Khiamah. Rising to 283m across 70 floors, the tower has achieved its highest structural concrete point.
In a landmark move for the UAE’s financial and precious-metal market, Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has unveiled the ‘Emirates NBD Gold’.
The global digital economy is expected to grow by 9.5% next year, three times faster than the global economy, according to the Digital Economy Trends (DET) 2026 report. It is projected to reach an estimated $28 trillion in 2026, representing 22% of global GDP.
TECOM Group, the creator of specialised business districts and vibrant communities in Dubai, has launched Phase 4 of Innovation Hub in Dubai Internet City to address the rising demand for Grade-A office spaces from global multinational companies.
Abu Dhabi National Oil Company has signed a $2 billion green financing deal backed by Korea Trade Insurance Corporation (K-Sure) to fund lower carbon projects across its operations. This marks its first green financing facility backed by a Korean agency.
The UAE’s tourism sector continued its strong upward trajectory in 2025, consolidating its position as one of the country’s most dynamic economic sectors, contributing AED257 billion ($70 billion) to GDP and setting new visitor records for the year, said a report.
Ras Al Khaimah Chamber of Commerce and Industry said it has witnessed solid growth in its export activity during the first nine months of the year. The value of goods exported by the Chamber members and covered by certificates of origin hit AED7.6 billion ($2.1 billion).
Artificial Intelligence is the defining force of our era. What matters today is how fast it will transform our world, and how responsibly. Across continents, algorithms are reshaping economies, powering innovation, and redefining governance. Yet amid this acceleration, the most pressing challenge is it is moral. How do we align intelligence with intent, and capability with conscience?
Qsas Company, a major subsidiary of Saudi sovereign wealth fund PIF (Public Investment Fund), has announced the launch of its Alsirah Gardens project in Madinah. Spanning 70,000 sq m, it features seven enrichment zones offering interactive and creative experiences.
Bahrain's national carrier Gulf Air is expanding its partnership with MedAire, an international SOS company and leader in travel health and aviation security solutions, to further strengthen passenger and crew safety and wellbeing.
Qualcomm Technologies International Limited, a subsidiary of Qualcomm, and Aramco through the Saudi Accelerated Innovation Lab (AramcoSAIL) have completed the inaugural Design in Saudi Arabia with AI (DISAI), an accelerator program aimed to support startups in Saudi Arabia.
Chalhoub Group, a premier luxury retailer in the Middle East, said it has signed a solar lease agreement with Yellow Door Energy, a leading provider of sustainable energy solutions, to bring clean electricity to the Group's key fulfilment hub in Riyadh.
The global GDP is projected to surge 2.8% in 2026, led by stronger momentum in the US and resilient exports from China, while the euro zone benefits from targeted fiscal support despite longer-term challenges, said Goldman Sachs Research in its new report.
Amazon Web Services (AWS) has announced the launch of its Amazon Bedrock, one of the world’s leading solutions for generative artificial intelligence (AI), in Bahrain, in partnership with the kingdom's Information & eGovernment Authority.
Mowasalat (Karwa), Qatar’s leading transport provider, has launched the country’s first RoboTaxi service under the supervision of The Ministry of Transport, marking a major milestone in the development of smart, sustainable, and technology-driven mobility solutions, in line with Qatar National Vision 2030.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
The Kingdom of Bahrain today is celebrating its National Day and the anniversary of His Majesty King Hamad’s accession to the throne with pomp and gaiety. To mark the occasion the streets, roads, buildings and prominent landmarks across the country were adorned in white and red.
