US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter.
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Abu Dhabi-based AI investment firm MGX and a consortium including the Artificial Intelligence Infrastructure Partnership (AIP) and BlackRock's Global Infrastructure Partners (GIP) have completed the acquisition of US data centre operator Aligned Data Centres in a deal valued at about $40 billion.
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Aldar has launched its landmark AED100 billion ($27.2 billion) waterfront development - Marsa Al Saadiyat - on a 6.4-million-sq-m area in Abu Dhabi featuring private mansions, luxury villas, waterfront apartments and branded residences set along an 8-km coastline with 5.6 km of pristine beaches and other world-class amenities.
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Gulf construction remains resilient despite the Middle East conflict, but real estate developers are beginning to feel the impact as weaker investor sentiment and slowing sales weigh on the sector, S&P Global Ratings said.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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The UAE has clarified the eligibility criteria for its five-year multiple-entry tourist visa, which allows visitors of all nationalities to enter the country repeatedly without requiring a local sponsor or host.
US-based Fluor Corporation has announced that it has been awarded a major front-end engineering and design (FEED) contract by Gulf Petrochemical Industries Company (GPIC) for a new aromatics facility located in the Kingdom of Bahrain as part of an expansion of its existing petrochemical complex.
The ongoing conflict in the Middle East is expected to leave millions more people facing hunger by the end of the decade, threatening to erode recent global progress in tackling food insecurity, according to a new United Nations report.
A consortium of Petrojet and leading Egyptian contractor Enppi has sealed a long-term engineering, procurement and construction (EPC) framework agreement with Petroleum Development Oman, covering a portfolio of projects worth more than $6 billion.
Saudi petrochemicals company Alujain has entered into an agreement with Belgian group Beaulieu Fibres International to expand production of polypropylene fibres and nonwoven products in Yanbu Industrial City. Under this, BFI will invest SAR89 million ($23.7 million) in Alujain's key subsidiary IRIC.
The Helicopter Company (THC), a Public Investment Fund (PIF) company and Saudi Arabia’s leading commercial helicopter operator, today announced an additional order of 11 Leonardo helicopters at Farnborough International Airshow in the United Kingdom.
Leading master developer Arada has announced that it has awarded leading architecture firm Gensler, global built environment consultancy Arup and landscape architects Planit for the first phase of Thameside West, a 5,000-home waterfront development in East London.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has awarded a contract for the construction of a new district cooling plant in the Al Sufouh 2 area in Dubai with a cooling capacity of 23,400 refrigeration tons (RT).
ECC Contracting has announced the strongest project acquisition quarter in its history, securing three major construction contracts across Dubai with a combined value of AED4.73 billion ($1.29 billion) in the second quarter of this year.
Dubai's commercial property market recorded its strongest H1 performance in 2026, with sales up 183% over last year. The commercial property sales, including offices and retail units, surged to AED19.5 billion ($5.3 billion) through 3,415 deals in the first six months, said a top brokerage.
Khalda Petroleum has begun production from the newly discovered Wanda deep gas well in Egypt’s Western Desert, with an initial output of 40 million cubic feet per day (mmcf/d), Egypt’s Ministry of Petroleum and Mineral Resources announced.
The Bahrain Chamber launched its Tojjar Talk initiative with a tourism-focused inaugural session, bringing together industry leaders and investors to discuss sector growth, development priorities, and public-private collaboration opportunities.
DP World has announced that it has entered into a 50-year concession agreement to develop two multipurpose container ports in Fujairah. Once operational, the development will boost DP World's total container handling capacity in the UAE to almost 22 million TEUs from 19.4 million TEUs.
The share of professional job vacancies in the Gulf requiring artificial intelligence (AI) skills has nearly tripled over the past four years, but for much of the region's economy the technology has yet to make a meaningful impact on hiring, according to data from Middle East recruitment platform GulfTalent.
Aldar has launched its landmark AED100 billion ($27.2 billion) waterfront development - Marsa Al Saadiyat - on a 6.4-million-sq-m area in Abu Dhabi featuring private mansions, luxury villas, waterfront apartments and branded residences set along an 8-km coastline with 5.6 km of pristine beaches and other world-class amenities.
Bahrain’s Labour Fund “Tamkeen” and M42, a global health leader powered by AI, advanced technology and genomics, have signed a memorandum of understanding to explore areas of collaboration aimed at creating promising opportunities for Bahraini talent and driving innovation in the healthcare sector.
Saudi Arabia is embedding AI literacy into its national strategy to support economic growth, workforce upskilling, and responsible AI adoption, according to a new report.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
More than half of people getting financial advice will accept AI playing a role in their financial planning, but only if a human being still makes the final decision, according to new research from deVere Group, one of the world’s largest independent financial advisory organisations.
Zain Group, a leading TechCo providing innovative ICT and digital communications in eight markets across the Middle East and Africa, has reported a 1.4% rise in second-quarter net profit attributable to shareholders, as higher ebitda offset a decline in revenue amid regional geopolitical challenges.
Saudi chemicals giant Sabic has signed an agreement with electric vehicle maker Ceer to explore the use of advanced materials in the design and manufacture of EV units in the kingdom.
UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).
Senior Saudi and United Arab Emirates officials on Tuesday reaffirmed the close ties between the two Gulf nations, highlighting their shared history, deep-rooted brotherly relations and the role of their leadership in advancing regional prosperity.
