Sharjah Police have dismantled four international criminal networks involved in an elaborate AED8.8 billion ($2.4 billion) cyber fraud and money laundering operation, arresting 33 suspects and securing more than AED65 billion in corporate assets in one of the UAE's major crackdowns on organised cross-border financial crime.
Read more
Emaar Properties' sales backlog - the value of property sales yet to be recognised as revenue - stood at around AED180 billion ($49 billion), while indicating its collection rate reached 98% last year, recovering from a temporary decline during the regional tension, said Emaar Properties Founder and Managing Director Mohamed Alabbar.
Read more
The Middle East, North Africa and Pakistan are poised for a sharp economic recovery in 2027, with growth projected to reach 6.6 per cent after a war-induced contraction this year, although the International Monetary Fund (IMF) has warned that the rebound will be uneven and depend heavily on the restoration of energy production and trade.
Read more
The Saudi-led coalition has dismantled a network of Houthi weapons storage facilities in Yemen and destroyed several missile launch platforms as it steps up operations against the group's offensive capabilities.
Read more
GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
Read more
Artificial Intelligence (AI) could unlock more than $1 trillion across the Middle East by 2030, including $200 billion through sustainable finance and $370 billion through public investment. a new World Economic Forum report says.
The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has partnered with The Boring Company (TBC), the advanced tunnelling and infrastructure technology company founded by Elon Musk, to explore underground transport, utility tunnels, and related infrastructure solutions across the emirate.
Dubai has nearly AED2.1 trillion ($571.5 billion) worth of projects underway across housing, transportation, aviation, infrastructure and economic development, with more projects to be announced in the coming phase, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said.
Oil prices rose on Wednesday as fresh reports of attacks on commercial vessels in the Strait of Hormuz heightened concerns over energy supplies, while increased production by OPEC+ offered a counterpoint to the market's supply risks.
A Saudi Aramco administrative building in Dhahran, in the Eastern Region of Saudi Arabia, was targeted by Yemen's Houthi militia on Tuesday evening, triggering a limited fire, according to an official source at the Saudi Ministry of Energy.
Elsewedy Electric said its joint venture with Sinohydro, a leading global contractor, has won a major contract from Al Mourjan Two for Electricity Company, to provide EPC services for the Rabigh 2 Independent Power Plant (IPP) Expansion Project, a gas-fired combined-cycle development with a total value of $2.2 billion.
Aramco Digital and OrbitronAI today announced a strategic commercial partnership to co-develop, deploy and commercialise AI solutions designed to help asset-intensive industries identify and recover billions of dollars in lost value across projects, contracts and operations, creating a new model for industrial value recovery.
Dalipal Holdings, a leading Chinese manufacturer of pipes and equipment for the oil and gas sector, has signed a 25-year land lease deal with King Salman Energy Park to set up its manufacturing base at SPARK. The company is set to invest $600 million in the first phase of its major Saudi complex.
Omran Group has signed strategic agreements worth RO122 million ($316 million) with Grova Developments, the real estate unit of Hassan Allam Holding and Omani group Aurelian Development to deliver integrated residential and tourism projects at Madinat Al Irfan and Yiti tourism projects in the sultanate.
Al Sharqi Shipping, a leading UAE-based logistics service provider, has inaugurated its new integrated logistics and distribution hub at Dubai Industrial City, part of TECOM Group.
Africa will need at least $125 billion in investment in oil refining through 2050, including funding for new projects, existing facilities and maintenance, an OPEC official said at African Energy Week 2026 in Cape Town, South Africa, as the continent's oil demand is projected to outpace refining capacity, said a report.
TARAF, the real estate division of UAE-headquartered investment holding group Yas Holding, and Steppe have signed an agreement through their joint venture with Marriott International, to launch JW Marriott Residences Abu Dhabi, Yas Island, a new branded residential development on Yas Island.
Al Sharqi Shipping, a leading UAE-based logistics service provider, has inaugurated its new integrated logistics and distribution hub at Dubai Industrial City, part of TECOM Group.
stc Bahrain, a digital enabler, has selected Telenor Linx as its Firebase Phone Number Verification provider, becoming the first mobile operator in the Middle East to deploy the advanced verification service, the company said.
The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.
UAE-based Samana Developers has launched its new real estate brand, Samana Collecta, thus marking its expansion into a lifestyle-led development. Built around a 'life first' philosophy, Samana Collecta is set to develop its debut venture, a AED4 billion ($1.08 billion) project, at The World Islands.
The Organising Committee of the 46th ICMM World Congress of Military Medicine – Abu Dhabi 2026 has announced the confirmed scientific programme and the opening of registration for the event.
The Mohammed Bin Rashid School of Government (MBRSG) has celebrated the graduation of the 13th cohort of its Master’s degree programmes.
LG Electronics (LG) has announced a strategic distribution agreement with Al Mulla Group to strengthen its market presence and enhance product availability across Kuwait.
Technology, innovation, start-ups and fin-techs could help accelerate the Indo-UAE relations to $200 billion in the next few years, said a senior Indian diplomat at a conference, titled Innovators and Investors Series, organised by the Indian People’s Forum in Dubai.
Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.
ARTDOM Riyadh 2026, originally scheduled to take place on October 20 and 21 at KAFD Conference Center, Riyadh, has been postponed to 2027.
Sharjah Police have dismantled four international criminal networks involved in an elaborate AED8.8 billion ($2.4 billion) cyber fraud and money laundering operation, arresting 33 suspects and securing more than AED65 billion in corporate assets in one of the UAE's major crackdowns on organised cross-border financial crime.
