Qatar is expected to award about $38.5 billion in new infrastructure projects over the next five years, including public-private partnerships, with the country setting up a dedicated platform to manage and grow its wealth fund’s domestic portfolio worth hundreds of billions of dollars.
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Qatar expects its massive LNG expansion to begin producing in the first half of 2027, but has decided against building pipelines to bypass the Strait of Hormuz. The first production train at North Field East (NFE), the initial phase of Qatar’s LNG expansion, is expected to come online in the first half of 2027, Energy Minister and QatarEnergy CEO Saad Sherida Al-Kaabi said at the Qatar Economic Forum.
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Oil prices fell more than 2% on Monday to their lowest levels in more than a week as hopes for renewed US-Iran diplomacy reduced some of the geopolitical risk premium, while President Donald Trump signalled he could meet Iranian President Masoud Pezeshkian but warned Tehran that much bigger action could follow if it did not change course.
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Saudi developer Roshn has joined hands with Talaat Moustafa Group to set up a new venture that will be responsible for the development of a mixed-use community in Riyadh featuring more than 55,000 residential units along with key retail, hospitality, leisure and healthcare facilities.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Kuwait-based Jazeera Airways has launched its biggest-ever sale, giving travellers the chance to buy one ticket and get the second for free with 3 million seats available for travel across the airline’s entire network. The promotion runs till September 26 and will cover more than six months of travel.
The Kingdom of Saudi Arabia had issued 268 new industrial licences in May with investments estimated at AED2.23 billion ($607 million), said a report, citing official data. With this, the industrial facilities in the kingdom have risen to 13,870, up 12% from the figure of 12,433 last year.
The cybersecurity industry is confronting a new generation of threats posed by AI and quantum computing on existing encryption, said industry experts at the GISEC Global 2026 expo, as governments and companies race to strengthen defences against increasingly sophisticated attacks.
Hyundai Engineering Company has announced that its consortium has completed the work on the first phase of Jafurah Gas Processing Facilities Project in Saudi Arabia for global oil giant Aramco. The project, which began in November 2021, was executed over a 45-month period.
Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding and Reportage Group, has announced the launch of The Wadi, a AED6 billion ($1.6 billion) mixed-use residential development located on Yas Island. It boasts a total of 3,950 residential units with a mix of studio units to three-bedroom apartments.
Ras Al Khaimah Transport Authority, RAK Department of Civil Aviation, and Chinese company Aridge, a specialised advanced air mobility company affiliated with XPeng, have signed a cooperation agreement to develop, test and implement advanced air mobility solutions in Ras Al Khaimah.
Bahrain will host the International Tourism Investment Forum (ITIF) in January 2027 in partnership with UN Tourism.
Aldar on Friday announced that Saadiyat Grove, a new experiential luxury retail and fine dining destination in Abu Dhabi’s Saadiyat Cultural District, will open in the fourth quarter of 2026.
Dubai Parks and Resorts will welcome guests from October 7, 2026, bringing together MOTIONGATE Dubai, Real Madrid World, LEGOLAND Dubai Resort and The World of Riverland for the start of a highly anticipated entertainment season.
Ras Al Khaimah's property market continued to attract investment during the first half, supported by demand for residential and tourism-related assets and a growing pipeline of major developments. Apartment sale prices rose about 18% year-on-year to AED2,298 per square foot, while villa prices increased 7.3%, said a report.
Elsewedy Electric, a leading integrated provider of energy and infrastructure solutions across Europe, the Middle East, and Africa, has announced the acquisition of a 60% majority stake in UAE-based Thomassen Service, a specialised provider of gas turbine maintenance and repair services.
Real American Freestyle (RAF) has signed a five-year partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and the UAE Wrestling Federation to bring RAF events to Abu Dhabi.
Leading project management executives and industry experts from around the world are in Riyadh for the fifth edition of the Global Project Management Forum (GPMF 2026) where they will get to share international best practices and exchange expertise aimed at improving project delivery.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Leading developer H&H and Global Partners have announced the launch of its nature-led residential community - Eden House The Park - along the Dubai Water Canal. Designed around the principles of privacy, walkability and holistic wellbeing, the development offers 459 residences across seven distinct buildings.
Red Sea Global (RSG), the developer behind regenerative tourism destinations The Red Sea and AMAALA, today inaugurated The Red Sea Hospital in strategic partnership with Dr Sulaiman Al Habib Medical Services Group (HMG), strengthening access to advanced healthcare for employees, residents, local communities and guests.
WSP, one of the world’s leading engineering and infrastructure solutions firms, has appointed Sam Abdelfattah as its Senior Technical Director, Mission Critical Lead for the Middle East. Based in Riyadh, he will spearhead the growth of WSP’s mission critical and data centre offering.
Dubai South has announced the official inauguration of Dior’s new regional distribution centre at ZDubai Logistics Hub. Spanning 7,200 sq m across two levels, the facility has been established to support the French fashion brand’s operations across the Middle East.
Kamco Invest, a regional non-banking financial powerhouse in Kuwait, has announced that it has received the go-ahead from the board of directors to change its name to Burgan Capital Investment Company. The final decision will however be taken at the General Assembly by the shareholders.
Echelon, a Riyadh-based technology company, has announced a business development partnership with Applied Intuition, the leading physical AI company, in a move aimed at deploying physical AI at national scale in major industries including robotaxis, ports, mining and manufacturing as well as construction and trucking.
Adel Alghanim Automotive, the exclusive distributor of MG Motor in Kuwait, has unveiled its new 25,500 sq m MG 4S Facility in Shuwaikh, investing $30 million.
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
The International Trade Centre (ITC) and logistics major DHL have signed an agreement to deepen their long-standing collaboration supporting SMEs, particularly women-led businesses, to trade across borders. It combines ITC’s expertise in market intelligence with DHL’s global logistics network and technical expertise.
