IHC, the global investment company focused on building dynamic value networks, on Friday announced the plan to launch Judan Financial Holding, a new international financial services holding company that will serve as the dedicated platform for IHC’s rapidly expanding financial services portfolio.
Read more
In a surprise leadership overhaul, Sultan Ahmed bin Sulayem, long the face of Dubai’s global trade empire, has been removed from his positions as Group Chairman and CEO of DP World — and divested of his chairmanship of the Ports, Customs and Free Zone Corporation.
Read more
Aramco, one of the world’s leading integrated energy and chemicals companies, and Microsoft have signed a non-binding memorandum of understanding (MoU) to help Aramco explore a series of digital initiatives designed to accelerate industrial artificial intelligence (AI) adoption.
Read more
The UAE and Saudi Arabia have emerged as the clear leaders of the GCC IPO market, setting the benchmark for scale, sophistication, and investor expectations across the region, according to a new Viewpoint by Arthur D Little.
Read more
Construction costs are expected to rise in the Middle East this year, increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, says a new report.
Read more
ADNOC Drilling Company today announced record fourth quarter (Q4) and full year (FY) 2025 results, marking a step change in scale, technology-enabled performance and excellence in execution. The company's revenue totalled $4.9 billion, up 22% year-on-year (YoY); EBITDA was $2.2 billion, an increase of 9% YoY; and net profit hit $1.45 billion, a growth of 11% YoY.
Indra, a Spanish aerospace, defence and mobility systems group, has announced that it has secured the renewal of its operation and maintenance contract for the Haramain High-Speed Line project from Saudi Arabia Railways (SAR) for another five-year term.
AirAsia X (AAX) has announced two international routes linking Kuala Lumpur to Bahrain and onward to London Gatwick (KUL–BAH–LGW), strengthening its global expansion strategy. Starting June 26, 2026, the service makes Bahrain its first global hub and marks the airline’s second Fifth-Freedom route beyond Asia.
Gulf Hotels Group (GHG) has signed an MoU with Burhan Hotels to enter Saudi Arabia, covering three Makkah hotels with around 1,000 rooms. GHG will operate and manage the properties, oversee renovations and repositioning, and pursue partnerships with international hotel brands as part of its expansion strategy.
The Dubai real estate market recorded the highest single-day real estate transaction value in its history on January 26 of AED15.6 billion ($4.25 billion), data released by the Dubai Land Department said.
The MENA region recorded a robust 26% rise in merger and acquisition (M&A) activity with 884 deals, compared to 701 in 2024 with the total deal value reaching $106.1 billion, according to the EY MENA M&A Insights 2025 report.
Saudi Arabia’s Cabinet has approved a landmark agreement with Qatar to establish a 785-kilometre electric high-speed railway linking Riyadh and Doha, paving the way for one of the Gulf’s most ambitious cross-border transport projects.
Qiddiya Investment Company has announced plans for a landmark new horse racing venue in Qiddiya City, celebrating Saudi Arabia’s deep-rooted equestrian heritage while shaping the future of horse racing in the Kingdom.
AirAsia X (AAX) Berhad is positioning Bahrain at the heart of its next phase of global expansion, marking a significant step in the Kingdom’s ambition to strengthen its role as a regional aviation hub.
National Central Cooling Company, the world’s leading and most diversified district cooling company, today announced its results for the period ending 31 December 2025, reporting revenues of AED2.46 billion ($669.84 million) and net profit of AED465 million ($126.62 million).
Saudi Arabia-backed Midad Energy has signed a term sheet to acquire Russia’s sanctioned Lukoil assets in a high-stakes contest against rivals including private equity giant Carlyle Group, with the deal contingent on US regulatory approval, a Reuters report said citing three people familiar with the matter.
UAE's national carrier Etihad Airways continued the strong momentum that defined a record-breaking 2025 in January as well, welcoming 2.2 million passengers last month, up 29% over last year. The passenger load factor hit 89.9% for the month, up from 89.1% a year earlier.
Abu Dhabi-based global investment company IHC has delivered solid results for FY 2025 with a 29% jump in its revenue which soared to AED111 billion ($30 billion) and a net profit of AED34 billion ($9 billion), up 35% over 2024, underpinned by disciplined execution and cost control.
The MENA region recorded a robust 26% rise in merger and acquisition (M&A) activity with 884 deals, compared to 701 in 2024 with the total deal value reaching $106.1 billion, according to the EY MENA M&A Insights 2025 report.
Egyptian group Hassan Allam Holding has announced that its key unit, Grova Developments, has teamed up with Tilal Real Estate for the launch of Noor Khuzam, a fully integrated SAR3.3 billion ($879 million) residential community featuring over 3,018 housing units spread across 228,000 sq m area in Riyadh.
ROSHN Group, Saudi Arabia’s leading multi-asset class developer and a Public Investment Fund (PIF) company, has been announced as the first organisation in Saudi Arabia and the GCC region to secure certification for carbon management in buildings and infrastructure from BSI, the business standards and improvement company.
Bahri Logistics, a business unit of Saudi National Shipping Company Bahri, has signed agreements with key local entities - AlKhorayef Commercial and Shamal Company - in a major move to boost the localisation of supply chains in the defence and security sectors.
Ali Abdulwahab Al Mutawa (AAW), the exclusive distributor of Nolte Kitchen in Kuwait, has relaunched its Express Kitchen showroom, thus introducing the brand’s new visual identity in the country. The renovated space features the German brand's latest innovative kitchen solutions.
Abu Dhabi-based global investment company IHC has delivered solid results for FY 2025 with a 29% jump in its revenue which soared to AED111 billion ($30 billion) and a net profit of AED34 billion ($9 billion), up 35% over 2024, underpinned by disciplined execution and cost control.
Ericsson and specialized by stc have announced the signing of a memorandum of understanding (MoU) to accelerate the development of advanced mission critical communication capabilities that support Saudi Arabia’s national public safety ecosystem.
Baidu and Uber Technologies will roll out the Apollo Go autonomous ride-hailing service in Dubai as early as next month, as part of their partnership with Dubai’s Roads and Transport Authority (RTA).
Messe Frankfurt Saudi Arabia and the Saudi Aviation Club have announced the launch of AERO Middle East x Sand & Fun 2026, a landmark aviation platform.
The European Commission has announced it will look into allowing certain non-EU professionals to stay in the EU beyond the current 90/180-day rule, as part of a future overhaul of its visa system, a report said.
