The most interesting aspect of the mega SpaceX IPO may not be what the company has built. It is the fact that two rational, informed traders study the same prospectus and arrive at valuations nearly a trillion dollars apart.
Read more
The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to continue expanding this year and the next, supported by resilient economic growth, rising mobility and increased industrial activity across major emerging economies.
Read more
Saipem has announced that its joint venture with Nasser Saeed Al Hajri has secured a key engineering, procurement and construction services contract worth €900 million ($1.03 billion) for the Uthmaniyah Gas Compression Plant in the Kingdom of Saudi Arabia. The entire work will be completed within 42 months.
Read more
Emaar Properties is set to unveil its most ambitious masterplan in the heart of Dubai - a AED200 billion development that aims to redefine urban living. The masterplan will deliver a GFA exceeding 4.5 million sq m, encompassing a mix of residential towers, villas and mansions, Grade-A offices, retail hubs, hospitality and cultural amenities.
Read more
Abu Dhabi-based advanced technology and defence group, EDGE, today launched EDGE Europe, a fully European commercial enterprise, headquartered in Paris.
Read more
Three Indian crew members remain missing after a commercial vessel was attacked off the coast of Oman on Wednesday, as US President Donald Trump warned that Washington would strike Iran "hard" again, raising fears of further escalation across the Gulf.
Saudi Arabia's Matarat Holding and the National Center for Privatisation & PPP (NCP) have issued request for proposals (RFP) to qualified bidders for the development of the new Taif International Airport project. A PPP project, it will be implemented under a Build-Transfer-Operate (BTO) model.
TKE Alat, a joint venture between TK Elevator (formerly known as ThyssenKrupp Elevator), and Alat, a Saudi Arabian manufacturing company, have announced the groundbreaking of its planned elevator and escalator manufacturing and multi-purpose facility at Dammam's Third Industrial City.
The 2026 FIFA World Cup kicks off on Thursday in Mexico City, marking the start of the largest edition of the tournament since its inception in 1930. Jointly hosted by the US, Canada and Mexico, the mega sports gala will feature a record 48 national teams, making it the first World Cup to be staged across three countries.
The Saudi Ports Authority (Mawani) has announced that it has signed a concession agreement with Saudi Global Ports (SGP) to develop, operate and manage the container terminal at Jubail Commercial Port, in a project involving investments of more than SAR2 billion ($528 million).
Gulftainer (GT), a globally trusted leader in integrated maritime and logistics solutions, has unveiled its strategic plans to develop the Al Dhaid Multi-Modal Trade Corridor — a landmark 150-hectare regional powerhouse with annual capacity of 1.5 million TEUs.
Saudi Arabia's oil sector is poised for a strong recovery next year as export routes gradually normalise and crude production returns to pre-disruption levels, according to Riyad Capital, which forecasts oil-sector growth of 14.3% in 2027.
Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
Construction activity across the Gulf region remains robust, supported by strong project execution and rising demand for building materials with concrete works up 10-13% and reinforcement steel up 16%, said a new report. The GCC currently has about $951 billion worth of projects under active execution.
The Kingdom of Saudi Arabia and Türkiye have signed two agreements to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh. The first deal covers logistics services and operations, while the second focuses on the railway sector.
The Organization of the Petroleum Exporting Countries (OPEC) expects global oil demand to continue expanding this year and the next, supported by resilient economic growth, rising mobility and increased industrial activity across major emerging economies.
QnA International, the organiser behind the world's most prestigious B2B platform for destination weddings, has announced the 17th edition of the Destination Wedding Planners (DWP) Congress — marking a landmark moment as the Congress sets foot on Indian soil for the very first time.
The Kingdom of Saudi Arabia and Türkiye have signed two agreements to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh. The first deal covers logistics services and operations, while the second focuses on the railway sector.
The most interesting aspect of the mega SpaceX IPO may not be what the company has built. It is the fact that two rational, informed traders study the same prospectus and arrive at valuations nearly a trillion dollars apart.
QnA International, the organiser behind the world's most prestigious B2B platform for destination weddings, has announced the 17th edition of the Destination Wedding Planners (DWP) Congress — marking a landmark moment as the Congress sets foot on Indian soil for the very first time.
Dubai has established a new authority to develop the emirate as the world’s leading hub for regulated longevity, wellness and advanced healthcare offerings, and forge paths for investment flows in the sector.
The Central Bank of Bahrain (CBB) has announced the opening of applications for the second cohort of its Graduate Development Program “GP15”, following the success of the inaugural edition, which attracted over 500 applications.
The 57th edition of the Watch and Jewellery Middle East Show, the region’s largest event for luxury jewellery and timepieces, is set to open in Expo Centre Sharjah bringing together 400 local and international exhibitors from 19 countries across the globe.
The heightened volatility in commodity prices, profit rates, and exchange rates following the onset of the Iran war has reinforced the importance of Islamic derivatives for risk management, Fitch Ratings says. However, adoption is fragmented, and varies by sector and country.
Ajman Transport Authority has signed a memorandum of understanding (MoU) with e&, on the sidelines of the 3rd Annual Government Cybersecurity Summit 2026, to strengthen collaboration in digital innovation and artificial intelligence, supporting the continued development of the transport ecosystem and corporate services.
Blacklane, a global chauffeur service, has joined Emirates Skywards through Skywards Everyday in the UAE, becoming the programme’s first chauffeur service partner.
The 2026 FIFA World Cup kicks off on Thursday in Mexico City, marking the start of the largest edition of the tournament since its inception in 1930. Jointly hosted by the US, Canada and Mexico, the mega sports gala will feature a record 48 national teams, making it the first World Cup to be staged across three countries.
Bahrain was targeted by more than 36 Iranian drones this morning, Foreign Minister Abdullatif bin Rashid Al Zayani has said.
