Aldar on Friday announced that Saadiyat Grove, a new experiential luxury retail and fine dining destination in Abu Dhabi’s Saadiyat Cultural District, will open in the fourth quarter of 2026.
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A tangible sense of confidence and optimism ran through Arabian Travel Market 2026, which concluded in Dubai on Thursday with major announcements and deals.
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Oil prices fell about 1% on Friday, extending losses for a third consecutive session, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes and a tanker was hit in the Strait of Hormuz, with markets focusing instead on efforts to restore Saudi oil flows and alternative routes for Gulf exports.
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Growth in the non-oil private sectors of GCC economies accelerated in August, with output and new orders increasing at a faster pace and supplier delivery times improving, despite continued geopolitical uncertainty, according to top ratings agency S&P Global.
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Artificial intelligence (AI) offers emerging markets significant opportunities, but also poses serious risks, said a report, highlighting the need to seize opportunities across three fronts - building digital infrastructure, data ecosystems and investing in skills - to avoid relegation to the margins of the future AI-enabled economy.
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Central banks in the UAE, Saudi Arabia and Bahrain raised their key interest rates by 25 basis points on Wednesday, following the US Federal Reserve's decision to increase its benchmark rate for the first time since 2023 amid renewed inflationary pressures.
Oil prices pulled back sharply from four-month highs on Thursday, easing from above $108 a barrel as Saudi Arabia moved to restore disrupted crude flows, while a US interest-rate increase added pressure to the market.
The Central Bank of Bahrain (CBB) has raised the overnight deposit interest rate by 25 basis points from 4.25% to 4.50%, effective September 17. The move comes following the US Federal Reserve’s announcement to raise the Interest Rate on Reserve Balances (IORB) by 25 basis points.
Saudi authorities have announced the signing of a key investment contract with Unigaz Arabia for the development of an integrated gas storage, filling and distribution plant coming up on a 200,000-sq-m site in the kingdom's Hail region, said a report.
Dubai has approved the first phase of a 80-km New Fourth Corridor project linking Sharjah and Abu Dhabi, with the initial stage costing about AED3.5 billion ($953 million). To be implemented in two phases, the project scope includes construction of 72 bridges, 17 tunnels and 45 stormwater drainage culverts.
Saudi Arabia’s innovation agenda is entering a new phase, with the focus shifting beyond technology manufacturing and adoption towards greater investment in R&D, the development of homegrown innovations and technologies, stronger control over intellectual property creation, says Ahmad Saleh, Partner and Head of Innovation, Patents & Industrial Property at Al Tamimi & Company.
The Kingdom of Saudi Arabia's SAR4.88 trillion ($1.26 trillion) pipeline of announced real estate and infrastructure projects is creating opportunities for the country's design and interior fit-out community, said top industry experts at the ongoing INDEX Saudi Arabia expo in Riyadh.
Saudi Real Estate Company (Al Akaria), has awarded SAR479 million ($126 million) contracts to Mounes Mohamed Alshayeb and Partners for Civil Construction (MOBCO) and Saudi Arabian Parsons to carry out the structural and project management work for the first package of its Porta Jeddah mixed-use development.
Bahrain will host the first race of the 2027 FIA Formula One World Championship calendar, which will feature 24 Grands Prix across 22 countries and 10 Sprint events.
Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding and Reportage Group, has announced the launch of The Wadi, a AED6 billion ($1.6 billion) mixed-use residential development located on Yas Island. It boasts a total of 3,950 residential units with a mix of studio units to three-bedroom apartments.
Oil prices fell about 1% on Friday, extending losses for a third consecutive session, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes and a tanker was hit in the Strait of Hormuz, with markets focusing instead on efforts to restore Saudi oil flows and alternative routes for Gulf exports.
Azizi Hospitality, the hospitality arm of Azizi Developments and part of Azizi Group, is moving ahead with the development of its five-star hotel in Azizi Riviera, Meydan, with the property on track to open in mid-2028.
Ras Al Khaimah Transport Authority, RAK Department of Civil Aviation, and Chinese company Aridge, a specialised advanced air mobility company affiliated with XPeng, have signed a cooperation agreement to develop, test and implement advanced air mobility solutions in Ras Al Khaimah.
Saudi Arabia’s innovation agenda is entering a new phase, with the focus shifting beyond technology manufacturing and adoption towards greater investment in R&D, the development of homegrown innovations and technologies, stronger control over intellectual property creation, says Ahmad Saleh, Partner and Head of Innovation, Patents & Industrial Property at Al Tamimi & Company.
Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding and Reportage Group, has announced the launch of The Wadi, a AED6 billion ($1.6 billion) mixed-use residential development located on Yas Island. It boasts a total of 3,950 residential units with a mix of studio units to three-bedroom apartments.
The World Health Organisation (WHO) has said that there are encouraging signs of declining Ebola transmission in some of the worst-affected areas of the Democratic Republic of the Congo, with more than 1,700 patients having recovered.
Leading global defence and aerospace contractor Lockheed Martin has completed a summer internship programme in Riyadh aimed at developing technical skills among Saudi university students in areas including artificial intelligence, robotics and advanced manufacturing.
talabat, MENA’s leading everyday app, has appointed Selin Suzer as Chief Marketing Officer.
Qatar's Estithmar Holding has announced that it has completed the transfer of a 48.68% stake in Syria's Shahba Bank to its wholly owned subsidiary Masaref Holding. The stake was transferred from Banque Bemo Saudi Fransi and Ahli Trust Bank after regulatory approvals.
The UAE has moved towards the commercial deployment of ‘6G's Golden Band’ following the publication of engineering findings that Upper 6 GHz can deliver around three times the capacity of C-band at comparable coverage, using existing sites.
The Saudi Industry Forum 2026 has discussed opportunities to develop the automotive industry and build integrated local supply chains
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
Saudi Arabia said its air defences intercepted and destroyed a Houthi drone south of Makkah before it could enter the prohibited airspace over the holy city, as the Kingdom faced a widening campaign of attacks by the Iran-aligned Yemeni group.
