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.
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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.
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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.
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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.
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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.
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Aamal Company, one of the largest, most diversified companies in Qatar, said its subsidiary, Advanced Pipes and Casts Company (APC), has signed an agreement with China Railway Tunnel Group to collaborate on upcoming tunnel segment projects and related supply chains in Qatar and the wider region.
The International Energy Agency (IEA) warned on Wednesday that global diesel supplies will remain tight until 2027. It attributed the shortfall to supply disruptions caused by tensions in the Middle East and declining exports from Russia and parts of Asia.
The Royal Commission for Riyadh City (RCRC) has awarded contracts worth SAR5.5 billion ($1.47 billion) to German industrial giant Siemens and French rolling stock manufacturer Alstom for 94 new train sets for its Riyadh Metro network. Deliveries are set to begin in 2028, with the trains to be supplied in phases.
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.
Kuwait Oil Company (KOC) has received four bids for the BS-140 and BS-150 Booster Stations Enhancement Project, which aims to improve facilities at the two booster stations.
Kuwait Oil Company (KOC) has received four bids for the BS-140 and BS-150 Booster Stations Enhancement Project, which aims to improve facilities at the two booster stations.
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.
The global economy has weathered the latest in a series of shocks better than expected, but outcomes have diverged across countries and resilience should not be taken for granted - there is no room for complacency in a rapidly changing world marked by heightened uncertainty, according to the International Monetary Fund (IMF).
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 real estate developer Reportage has joined hands with Sabah Investment Group for the unveiling of four real estate projects within Sea Breeze, an integrated residential and resort destination on the Caspian coast near Baku, Azerbaijan, with each offering a distinct residential concept.
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.
Indian construction and engineering conglomerate Larsen & Toubro (L&T) has signed an agreement with Onaizah Colleges to prepare Saudi students for careers in renewable energy, supporting the kingdom’s energy transition and its Vision 2030 goal of developing a skilled national workforce.
LG Electronics (LG) has announced a strategic distribution agreement with Al Mulla Group to strengthen its market presence and enhance product availability across Kuwait.
The global economy has weathered the latest in a series of shocks better than expected, but outcomes have diverged across countries and resilience should not be taken for granted - there is no room for complacency in a rapidly changing world marked by heightened uncertainty, according to the International Monetary Fund (IMF).
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.
Bahraini authorities said steady progress was being made on the new agricultural project in Buri with nearly 87% of the infrastructure works completed. With the irrigation networks, water wells and two main substations ready, the project is set for completion by the year-end.
