The Saudi Power Procurement Company (SPPC), the Principal Buyer, has awarded consortiums of Saudi Energy and Acwa Power as well as French utility major Engie contracts worth over SAR4.35 billion ($1.16 billion) for the first group of Battery Energy Storage System (BESS) projects in Saudi Arabia.
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The global AI market is projected to hit $4.8 trillion by 2033 – roughly the size of Germany's economy – a 25-fold increase in just 10 years, according to UN Trade and Development (UNCTAD).
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Iran and China have pushed back against US President Donald Trump’s threat to impose what Washington says will be the “toughest sanctions in history” on Tehran, warning that unilateral economic pressure could further destabilise the region and damage global trade.
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Dubai’s massive expansion of Al Maktoum International Airport has moved forward with the award of a major contract for an Automated People Mover (APM) system that will connect key areas of the new airport as part of its first phase of development.
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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 rejected what it described as false information and “desperate media campaigns” targeting the country, including claims that it was cancelling labour residencies and providing financial facilities to Iran.
The Discover Abu Dhabi Festival opened at Manezhnaya Square in Moscow on Wednesday, showcasing the culture, heritage, and hospitality of the UAE capital.
US President Donald Trump has threatened to impose sweeping economic punishment on any country that provides a “lifeline” to Iran, escalating pressure on Tehran as the confrontation over the strategically vital Strait of Hormuz enters a critical phase and diplomatic efforts to end the nearly six-month-old war appear increasingly uncertain.
The UAE is set to get its largest hot-dip galvanising kettle into production in September, with Galva Hub Metal Coating completing commissioning at its facility in Metal Park located within Khalifa Economic Zones Abu Dhabi (Kezad) after receiving 825 tonnes of zinc. The facility would allow large steel structures to be galvanised locally.
Parkin Company has signed an agreement with Modon Misr for Asset & Facility Management, Mwasalat Misr and Redcon Properties to explore opportunities for collaboration in developing parking management and smart mobility solutions in Egypt, thus marking its first entry into the Egyptian market.
SOHAR Port and Freezone, Oman's integrated port and freezone, has delivered sustained operational performance during the first half of 2026, recording total cargo throughput of 52 million metric tons, a 52% increase compared with the same period last year.
Swedish industrial technology company Statetron has announced plans to develop a 10-hectare industrial facility in Qatar combining artificial intelligence (AI), robotics, energy storage and autonomous logistics in a manufacturing system designed to scale to multi-gigawatt capacity.
Saudi Water Authority (SWA) said its operational unit has entered into an agreement to transfer the management and supervisory responsibilities for a portfolio of desalination plants to Al Holol Water Desalination Company, covering facilities that use groundwater and surface water.
Saudi Arabia will start implementing a 70% localisation in project management professions in the private sector starting from February next year, said a report. The move, aimed at boosting the locals' participation in the labour market, is in line with the objectives of Saudi Vision 2030.
Saudi-based Dar International for Engineering Consultancy is one of the finalists for the Bentley Systems' 2026 Year in Infrastructure (YII) Awards (the only one from the Middle East region) in the Transmission and Distribution category for its Nariyah 380kV substation project in the kingdom.
The Saudi Power Procurement Company (SPPC), the Principal Buyer, has awarded consortiums of Saudi Energy and Acwa Power as well as French utility major Engie contracts worth over SAR4.35 billion ($1.16 billion) for the first group of Battery Energy Storage System (BESS) projects in Saudi Arabia.
The BRICS tourism ministers have adopted the Jaipur Declaration by consensus at the ministerial meeting held under India’s 2026 Chairmanship setting AI and Tourism, sustainability, tourism skilling and seamless travel as its top priorities.
Saudi Vitrified Clay Pipes Company has announced that it had recently submitted an application to the kingdom's Capital Market Authority (CMA) seeking approval to reduce its share capital by nearly 70% (10.46 million ordinary shares) as part of a proposed restructuring to offset accumulated losses.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Mazad, Bahrain’s leading digital auction and marketplace platform and a Mumtalakat portfolio company, has launche a new curated collection bringing various luxury names to the auction platform.
A team of scientists at Washington University School of Medicine in St. Louis has identified a neural mechanism capable of switching off chronic neuropathic pain caused by nerve damage. The discovery centres on mu opioid receptors located within a brain region that helps regulate stress and alertness.
Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a contract from a multinational education company for the construction and finishing works of its prime projects in the capital Riyadh.
Zain Bahrain, a leading telecom services company in the kingdom, has signed a partnership deal with Sharaf DG Bahrain to enable its customers to purchase products through convenient installment vouchers. The partnership offers customers greater choice, flexibility and access to a broader range of products.
DIB, a leading Islamic bank in UAE, has launched a new off-plan home finance proposition designed to support customers purchasing freehold properties from leading developers across the UAE during the under-construction phase.
Zain Bahrain, a leading telecom services company in the kingdom, has signed a partnership deal with Sharaf DG Bahrain to enable its customers to purchase products through convenient installment vouchers. The partnership offers customers greater choice, flexibility and access to a broader range of products.
Uber Technologies has announced that Baidu’s fully driverless Apollo Go vehicles are officially available to riders on the Uber platform in Dubai, with New Horizon Luxury Transport serving as the fleet operator.
Exhibition World Bahrain (EWB) has been named “Best Venue More Than 10,000 sq m” at the Middle East Event Awards 2026, further cementing its position as one of the region’s leading destinations for exhibitions, conferences, conventions, and major events.
The UAE has rejected what it described as false information and “desperate media campaigns” targeting the country, including claims that it was cancelling labour residencies and providing financial facilities to Iran.
