5GW CAPACITY FACILITY

Largest AI campus outside of US to open in Abu Dhabi this year

Fri, 05 Jun 2026

The first phase of the UAE-US AI Campus in Abu Dhabi is expected to become operational before the end of this year, marking a significant milestone in the UAE's drive to establish itself as a global hub for artificial intelligence infrastructure and advanced computing.

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KEY TALKS WITH US OFFICIALS

UAE's $1.4trn US investment plan progresses ahead of schedule

Fri, 05 Jun 2026

The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.

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HIH-LEVEL TEAM FOR LONDON EVENT

ADX listed firms prove resilience, post $13bn profit in Q1

Fri, 05 Jun 2026

Abu Dhabi Securities Exchange (ADX)-listed companies reported AED48 billion ($13.1 billion) in profits in Q1 2026, up 17% year-on-year, while AED66.2 billion in dividends have been announced to date this year, reinforcing the market’s depth, resilience, and shareholder value, said a senior official.

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66,900 SALES in 5 MONTHS

Dubai’s residential property sector softens in May says report

Fri, 05 Jun 2026

Dubai’s residential property sector continued to soften in May, with sales activity easing across the both the off-plan and ready sectors, shows news data from Cavendish Maxwell.

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COMMENT

Bahrain's resilience and resolution

Tue, 02 Jun 2026

His Majesty King Hamad’s statement during yesterday’s Cabinet session: ‘You were the nation’s strength in times of war, and you remain its enduring strength in times of peace’ was not merely praise for citizens’ stance during an exceptional period.

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Top This Week

MAG Group plans $544m new real estate project in Dubai

Thu, 04 Jun 2026

MAG Group Holding plans to announce a new real estate project called ‘MAG Square’ within the next two weeks, with a market value of up to AED2 billion ($544.59 million), said Moafaq Ahmad Al Gaddah, Founder and Chairman of MAG Group Holding.

Israel-Lebanon ceasefire agreement boosts hopes for US-Iran talks

Thu, 04 Jun 2026

A ceasefire agreement between Israel and Lebanon has raised hopes of a broader diplomatic breakthrough that could help bring an end to the ongoing US-Israeli conflict with Iran, even as conflicting signals emerged over the state of negotiations between Washington and Tehran.

Kepco secures $1.4bn Saudi cogeneration project from Aramco

Wed, 03 Jun 2026

Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.

One Indian national killed, 63 injured in attack on Kuwait airport

Wed, 03 Jun 2026

One Indian national was killed and 63 people were injured following Iranian missile and drone attacks on the Kuwait International Airport in the early hours of Wednesday, according to reports.

Saudi economy stays resilient despite disruption of momentum: IMF

Wed, 03 Jun 2026

The Saudi economy is proving resilient in the face of the war in the Middle East thanks to strong fundamentals and diversified logistical and oil infrastructure, said an International Monetary Fund (IMF) mission statement.

ADX, Fintech. TV to launch financial news studio inside stock exchange

Wed, 03 Jun 2026

Fintech. TV, the global broadcasting platform for entrepreneurs and investors headquartered at the New York Stock Exchange, and the Abu Dhabi Securities Exchange (ADX) Group on Wednesday announced a landmark studio partnership that will establish the MENA region’s first international financial news studio reporting “live” from a stock exchange.

Jazeera Airways resumes flights from Kuwait airport's Terminal 5

Wed, 03 Jun 2026

Kuwait-based Jazeera Airways has announced the resumption of its flights from and to the Jazeera Terminal 5 (T5) following a temporary closure earlier today.

Taqa consortium wins 2.6GW Taweelah power project contract

Wed, 03 Jun 2026

A consortium led by Abu Dhabi National Energy Company (Taqa) with Saudi group Aljomaih Energy and Water Company and China's Sembcorp Industries has secured the contract for the Taweelah combined cycle gas turbine (CCGT) project in Abu Dhabi with a 2.6GW capacity.

Flights halted, diverted after drone strike hits Kuwait airport terminal

Wed, 03 Jun 2026

Air travel to and from Kuwait faced disruption on Wednesday after hostile drones struck Terminal One at Kuwait International Airport, forcing authorities to suspend flight operations at the terminal and divert aircraft to alternative airports.

Dubai’s residential property sector softens in May says report

Fri, 05 Jun 2026

Dubai’s residential property sector continued to soften in May, with sales activity easing across the both the off-plan and ready sectors, shows news data from Cavendish Maxwell.

OPEC chief says global oil demand will remain robust this year

Fri, 05 Jun 2026

Despite ongoing disruption to oil flows through the Strait of Hormuz and continued uncertainty surrounding the conflict involving Iran, OPEC has maintained its forecast for global oil demand growth, citing no evidence of a slowdown in consumption.

Riyadh Air’s first two Boeing 787 Dreamliner jets land in Saudi capital

Fri, 05 Jun 2026

Boeing and Riyadh Air have announced that the new carrier’s first two passenger airplanes, 787 Dreamliners, were delivered and arrived in Riyadh, a milestone for the airline as it prepares to launch commercial service.

UAE's $1.4trn US investment plan progresses ahead of schedule

Fri, 05 Jun 2026

The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.

Four reasons why Abu Dhabi is driving UAE real estate in 2026

Thu, 04 Jun 2026

Abu Dhabi is entering a pivotal phase in its real estate journey, emerging as one of the UAE’s most compelling destinations for both end users and investors heading into 2026.

First Avenue consortium secures $533m Makkah development project

Mon, 01 Jun 2026

A consortium comprising First Avenue for Real Estate Development Company, Dar Al Majed Real Estate Company (Al Majdiah) and Rekaz Real Estate Company has secured a key contract for the development of the East Hindawiyah District Project in Makkah.

PureHealth hospital separates craniopagus twins after rare surgery in Abu Dhabi

Fri, 05 Jun 2026

In a landmark achievement, PureHealth’s SEHA - Sheikh Khalifa Medical City (SKMC) in Abu Dhabi has successfully hosted the complex surgical separation of conjoined twins from Nigeria.

BIBF achieves the highest BQA rating across academic programmes

Wed, 03 Jun 2026

The Bahrain Institute of Banking and Finance (BIBF) has achieved a significant milestone, with all of its Bachelor’s and Master’s programmes reviewed by the Bahrain Education & Training Quality Authority (BQA) receiving a “Confidence” rating, the highest judgement awarded by the Authority for academic programme.

60-day carnival: Dubai Summer Surprises to return from July 2 to Aug 30

Tue, 02 Jun 2026

The countdown to Dubai Summer Surprises (DSS) 2026 has officially begun, with Dubai Festivals and Retail Establishment (DFRE) encouraging residents and visitors alike to take part in the various events of the city’s favourite summer festival, which returns from July 2 to August 30.

UAE's $1.4trn US investment plan progresses ahead of schedule

Fri, 05 Jun 2026

The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.

Largest AI campus outside of US to open in Abu Dhabi this year

Fri, 05 Jun 2026

The first phase of the UAE-US AI Campus in Abu Dhabi is expected to become operational before the end of this year, marking a significant milestone in the UAE's drive to establish itself as a global hub for artificial intelligence infrastructure and advanced computing.

Dubai Taxi Company in deal to boost mobility services in Ajman

Mon, 01 Jun 2026

Dubai Taxi Company (DTC) has signed an agreement with AJ Industries, an expert in sustainable and innovative automotive solutions in Ajman, in bid to scale its operational expertise, digital platforms and e-hailing capabilities to support the mobility ecosystem in the emirate.

Manchester City Football Group value exceeds $8bn now, says Chairman

Fri, 05 Jun 2026

The value of Manchester City Football Club has grown to $8 billion today from around $120 million in 2008, when it was acquired by UAE investors, Khaldoon Al Mubarak, Chairman of Manchester City Football Club, has revealed.

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