15,500 TRANSACTIONS

Abu Dhabi residential sales value soars 178% to $18.46bn in H1

Wed, 26 Aug 2026

Abu Dhabi’s residential property sales values climbed 178% year-on-year to reach AED67.8 billion ($18.46 billion) in H1 2026, says leading real estate advisory and property consultancy, Cavendish Maxwell.

Read more
NUMBERS DOWN 31.3%

Dubai International welcomes 31.5m passengers in H1, traffic improves in Q2

Wed, 26 Aug 2026

Dubai International (DXB) welcomed 31.5 million guests during the first six months of 2026, as airline capacity continued to return and demand strengthened through the second quarter following one of the most challenging operating environments in the airport's history.

Read more

Iran, Oman propose temporary Strait of Hormuz corridor, China rejects US sanctions

Wed, 26 Aug 2026

Iran and Oman have agreed to pursue a temporary shipping corridor through the Strait of Hormuz and launch efforts to clear mines from the strategic waterway, in the latest diplomatic push to restore the flow of vessels through the Strait.

Read more
INDUSTRIAL BASE EXPANDS TO 13,660 FIRMS

Supply chain rerouting, diversification reinforce Saudi status as logistics hub

Tue, 25 Aug 2026

Strong investor confidence, a strategic realignment of regional trade flows, and sustained momentum toward Vision 2030’s industrial diversification goals have reinforced Saudi Arabia’s position as a critical and resilient logistics hub, according to a JLL report.

Read more
ANALYSIS

Renewed US-Iran tensions put inflation risks back on investors' radar

Tue, 14 Jul 2026

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.

Read more

Top This Week

Saudi Arabia to invest $7bn in three theme parks near Paris

Tue, 25 Aug 2026

Saudi Arabia is set to invest about €6 billion ($7 billion) in the development of three theme parks near Paris, in one of the kingdom’s latest major overseas investments through its Public Investment Fund-backed entertainment sector.

RSGT, CMA CGM sign deal to develop new Jeddah Islamic Port terminal

Tue, 25 Aug 2026

The Saudi Ports Authority (Mawani) announced the signing of an agreement between Red Sea Gateway Terminal (RSGT) and French shipping group CMA CGM to develop and operate the fourth container terminal at Jeddah Islamic Port, with an investment of approximately SAR1.6 billion.

US threatens sweeping sanctions on Iran’s partners as ‘economic onslaught’ begins

Tue, 25 Aug 2026

The United States has threatened to impose damaging secondary sanctions on countries, financial institutions and companies that continue to provide economic lifelines to Iran, opening a potentially far-reaching new front in Washington’s campaign to isolate Tehran as the war approaches its six-month mark.

Aramco signs major deals worth $3.7bn with French companies

Mon, 24 Aug 2026

Aramco, one of the world’s leading integrated energy and chemicals companies, on Monday announced agreements and a memorandum of understanding (MoU) with a potential combined value of more than $3.7 billion with French companies.

L&T unit wins 'ultra mega' gas compression project in Middle East

Mon, 24 Aug 2026

L&T Energy Hydrocarbon Onshore (LTEH Onshore) has signed an "ultra-mega" contract for undertaking a gas compression facilities project for a prestigious client in the Middle East against a letter of award issued in FY26, the company said.

Meraas, BGRE break ground on Solaya beachfront community in Dubai

Mon, 24 Aug 2026

Meraas, a member of Dubai Holding Real Estate, and BGRE (formerly Brookfield Properties), today marked a key construction milestone by breaking ground on Solaya, the exclusive beachfront residential development in Jumeirah 1.

Abu Dhabi puts livability at the heart of urban development with new framework

Mon, 24 Aug 2026

Abu Dhabi is putting the quality of everyday life at the heart of how its cities are planned and built, with a new framework designed to ensure that major urban developments are judged not just by what they deliver, but by how well they serve the people who live in them.

Big 5 Construct Saudi to open in Riyadh next week with over 1,000 exhibitors

Mon, 24 Aug 2026

Big 5 Construct Saudi officially opens its doors next week bringing more than 1,000 exhibitors from over 50 countries together, with local and international companies showcasing solutions relevant to ongoing and upcoming projects across Saudi Arabia.

Rabigh Refining appoints Hassan Al Yami as president and CEO

Mon, 24 Aug 2026

Rabigh Refining and Petrochemical Company (Petro Rabigh) has appointed Eng Hassan bin Hamad Al Yami as its new President and Chief Executive Officer, following the resignation of Eng Othman bin Ali Al-Ghamdi from the post.

Dubai luxury project targets certification for electromagnetic exposure

Thu, 27 Aug 2026

EYWA Way of Water, a waterfront residential project featuring 65 luxury residences in Dubai's Business Bay district, is targeting certification for electromagnetic exposure alongside top international wellness and sustainability standards. The premium development is due for completion in 2028.

Technip Energies lands ADNOC Offshore engineering services contract

Wed, 26 Aug 2026

Technip Energies, a leading engineering and technology company for the energy transition, has secured a significant contract from Indian group Larsen & Toubro Energy Hydrocarbon (LTEH) to provide detailed engineering services for a major ADNOC Offshore project.

Accor, Al Qimmah boost Saudi hotel pipeline with 850-key Makkah Novotel

Thu, 27 Aug 2026

Global hospitality group Accor has announced that it has sealed a partnership deal with Al Qimmah Hospitality, a subsidiary of Bin Dawood Investment Company, to develop a portfolio of more than 4,000 keys across Saudi Arabia, including an 850-room Novotel property in Makkah.

EDGE joins forces with Brazilian Army for first cyber defence centre in LatAm

Thu, 27 Aug 2026

EDGE Group, a UAE-based defence group, and the Brazilian Army, will establish a Cyber Defence Centre of Excellence, the first institution of its kind in Latin America, to operate under a tripartite model bringing together government, industry, and academia.

AI investment rising, but half of firms struggle to benefit, says study

Mon, 17 Aug 2026

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 brings new curated collection of high-end luxury to auction

Wed, 19 Aug 2026

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.

Dubai luxury project targets certification for electromagnetic exposure

Thu, 27 Aug 2026

EYWA Way of Water, a waterfront residential project featuring 65 luxury residences in Dubai's Business Bay district, is targeting certification for electromagnetic exposure alongside top international wellness and sustainability standards. The premium development is due for completion in 2028.

UAE's 1,180 schools to welcome 1.277m students to new academic year

Wed, 26 Aug 2026

Over 1,180 public and private schools across the UAE will reopen their doors on August 31 for the 2026-2027 academic year, welcoming more than 1.277 million students, it was revealed at a press conference on Wednesday held by the Ministry of Education.

Apple unveils more powerful Mac Mini, Mac Studio

Tue, 25 Aug 2026

Apple on Tuesday announced the new Mac mini with the all-new M6 and powerful M5 Pro and the new Mac Studio, featuring M5 Max and the all-new M5 Ultra.

Market uncertainty 'creates long-term investment opportunities in Dubai real estate'

Wed, 26 Aug 2026

Periods of market uncertainty have historically created some of the strongest long-term investment opportunities in Dubai's real estate market, according to Nisus Finance, which believes the UAE's strong macro-economic fundamentals, resilient regulatory environment and sustained population growth continue to support long-term investor confidence.

EDGE joins forces with Brazilian Army for first cyber defence centre in LatAm

Thu, 27 Aug 2026

EDGE Group, a UAE-based defence group, and the Brazilian Army, will establish a Cyber Defence Centre of Excellence, the first institution of its kind in Latin America, to operate under a tripartite model bringing together government, industry, and academia.

Wallan Trading launches new Hyundai Venue in Saudi Arabia

Mon, 24 Aug 2026

Wallan Trading Company, the official distributor of Hyundai vehicles in the Central and Northern regions of Saudi Arabia, has unveiled its all new Hyundai 'Venue' - a compact crossover that combines contemporary design, advanced technology and everyday practicality - in the kingdom.

The Bench rebrands key residences forum as ‘FHS Living’

Tue, 25 Aug 2026

The Bench, the organiser of Future Hospitality Summit (FHS) series, has announced that its key event - Branded Residences Forum (BRF) - is being renamed as ‘FHS Living’, thus bringing branded residences together with seven other living asset classes under a single, expanded platform.

Roblox sets of MENA regional headquarters in Riyadh

Wed, 26 Aug 2026

Roblox, an immersive gaming and creation platform, today announced that it will establish its regional headquarters (RHQ) for the Middle East and North Africa in Riyadh as the company expands investments in support of Saudi Arabia’s digital economy objectives under Vision 2030.

Gulf Construction

Calendar of Events

Weather

Weather Data Source: wetterlang.de