PRODUCTION, MAINTENACE OF 20 TRAINS

Talgo snaps up $1.5bn Saudi Railways order for high-speed trains

Sun, 08 Feb 2026

Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018.

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OPS TO START THIS YEAR

flynas, Syria Civil Aviation Authority to launch new airline

Sun, 08 Feb 2026

Saudi Arabia-based flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name flynas Syria. Operations are scheduled to begin in the fourth quarter of 2026.

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SHARING OF INFO, MILITARY EXPERTISE

Bahrain, France sign strategic defence agreement

Sat, 07 Feb 2026

Bahrain and France have signed a bilateral agreement on defence which includes strategic information sharing, thus opening up new opportunities for industrial co-operation in defence and strengthening solidarity between the two countries amid growing regional geopolitical tensions.

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ANALYSIS

AI ambition stays in pilot stage in most financial services firms: study

Wed, 04 Feb 2026

Only 12% of financial services organisations have AI projects fully deployed enterprise-wide, and a substantial 62% still remain in pilot or development stages, says a new study.

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INSIGHT

Global M&A poised to sustain momentum, finds Bain & Company

Tue, 03 Feb 2026

Global M&A (mergers and acquisitions) is positioned to continue momentum in 2026 after rising 40% to $4.9 trillion in 2025, the second-highest deal value on record, according to Bain & Company in its annual Global M&A Report 2026, published today.

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Top This Week

Abu Dhabi to launch Seaglider operations by 2028

Fri, 06 Feb 2026

Abu Dhabi will launch electric, zero-emission Seaglider operations by 2028 after a key agreement between DCT Abu Dhabi, ADIO, Abu Dhabi Mobility, and VERSA. Initially linking Abu Dhabi City and Al Dhafra, the initiative aims to enhance coastal transport, tourism, economy, infrastructure, and environmental innovation.

2PointZero Group revenue up 311% to $1.91bn

Fri, 06 Feb 2026

2PointZero Group, a leading Abu Dhabi-based investment holding firm, on Friday announced its FY 2025 results, reporting revenue growth of 311 percent year-on-year to AED7 billion ($1.91 billion) that bring group net profit for the year to AED3.6 billion ($980.26 million).

Age reversal therapies will emerge soon, says Harvard professor

Fri, 06 Feb 2026

Ageing could soon be treated as a reversible medical condition, with the first evidence of successful age-reversal therapies emerging within months and healthcare systems facing radical change within two decades, according to a leading Harvard scientist.

UAE, US sign framework deal on critical minerals

Fri, 06 Feb 2026

The United Arab Emirates and the United States have signed a Framework on Securing Supply in the Mining and Processing of Critical Minerals and Rare Earths, on the sidelines of the US Critical Minerals Ministerial in Washington, D.C.

Dana Gas reports $130m net profit for FY2025

Fri, 06 Feb 2026

Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit for the full year 2025 of AED476 million ($130 million) as compared to AED553 million ($151 million) in FY 2024.

Global demand lifts Bahraini pearl prices to record levels

Thu, 05 Feb 2026

Bahrain’s natural pearl sector has witnessed prices surge by at least 40% over the past year, buoyed by the renewed global demand for rare gemstones as laboratory-grown alternatives gain market share, said a top official of Bahrain Institute for Pearls and Gemstones (Danat).

Dubai announces official operations of driverless taxi service

Thu, 05 Feb 2026

Dubai's Roads and Transport Authority has announced the launch of the official operations of its fully autonomous RT6 taxi vehicles developed by Chinese group Baidu Apollo Go. Set for public rollout during the first quarter, the system ensures safe and seamless mobility on roads open to live traffic.

AD Ports Group signs deal to manage and operate Aqaba port in Jordan

Thu, 05 Feb 2026

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, on Thursday signed a 30-year concession agreement with Aqaba Development Corporation (ADC) to manage and operate the Aqaba Multipurpose Port, Jordan’s only and exclusive general cargo and multipurpose seaport.

Mideast set to see $3trn real estate projects pipeline

Thu, 05 Feb 2026

With the Middle East and Africa (MEA) expecting a $3 trillion project pipeline in real estate and infrastructure between 2026-2030, the region is poised for sustained high performance in 2026, according to JLL.

Talgo snaps up $1.5bn Saudi Railways order for high-speed trains

Sun, 08 Feb 2026

Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018.

Kuwait Petroleum Corp signs deal for power, steam co-generation project

Sun, 08 Feb 2026

Kuwait Petroleum Corporation (KPC) said it has signed a strategic agreement to explore the development of a power and steam co-generation plant in the country's Ratqa area, in a move aimed at improving efficiency across Kuwait’s oil and power sectors.

Aroya Cruises debuts Arabian Gulf Voyages for 2026

Sun, 08 Feb 2026

Aroya Cruises, a subsidiary of PIF-owned Cruise Saudi, has officially launched its inaugural season in the Arabian Gulf. Running from February 21 to May 8, the season marks a milestone in regional tourism by blending authentic Saudi hospitality with global maritime standards.

Talgo snaps up $1.5bn Saudi Railways order for high-speed trains

Sun, 08 Feb 2026

Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018.

WHX reimagined: A power platform for global healthcare

Wed, 04 Feb 2026

World Health Expo (WHX) and World Health Expo Labs (WHX Labs) mark a decisive reinvention of what was once the Middle East’s most influential healthcare trade show. Formerly known as Arab Health, the platform has long been a cornerstone of regional healthcare commerce.

Aroya Cruises debuts Arabian Gulf Voyages for 2026

Sun, 08 Feb 2026

Aroya Cruises, a subsidiary of PIF-owned Cruise Saudi, has officially launched its inaugural season in the Arabian Gulf. Running from February 21 to May 8, the season marks a milestone in regional tourism by blending authentic Saudi hospitality with global maritime standards.

Sobha signs up Positive Zero for Dubai luxury villa community project

Sun, 08 Feb 2026

Sobha Realty, a leading UAE luxury project developer, has signed up Positive Zero, a major decarbonisation-as-a-service company, for the deployment of key solutions such as mobile battery energy storage system (mBESS) at its luxury villa community development – Sobha Elwood, in Dubai.

TASC names new CEO to spearhead AI-driven growth in Mena

Wed, 04 Feb 2026

TASC Group, a leading workforce, people advisory, corporate compliance and AI-led business solutions company in the Middle East and North Africa, has appointed Jayajyoti Sengupta as its new Chief Executive Officer. He takes over the role from its Founder Mahesh Shahdadpuri who has been named its Executive Chairman.

LG to unveil new innovations at World Health Expo

Fri, 06 Feb 2026

LG Electronics (LG) will unveil its latest innovations in medical imaging, including a revolutionary diagnostic monitor and an advanced 3D surgical display, at the World Health Expo (WHX) 2026 in Dubai.

Qatari bank Lesha gets Saudi investment banking licence

Sun, 08 Feb 2026

Lesha Capital, the Saudi-based subsidiary of leading Qatari shari’a-compliant investment bank Lesha, said it has obtained the licence from the kingdom's Capital Market Authority to fully operate as a regulated investment firm, in a major milestone in its regional expansion strategy.

Amazon builds momentum ahead of Q4 earnings on AWS strength

Fri, 06 Feb 2026

Amazon is entering its fourth-quarter earnings period with improving investor confidence, supported by a strong performance in the previous quarter and growing optimism around its cloud computing division, Amazon Web Services (AWS), said an industry expert.

Rolls-Royce Motor Cars opens second showroom in Dubai

Fri, 06 Feb 2026

Rolls-Royce Motor Cars Dubai has officially opened the doors to its new Rolls-Royce Motor Cars Dubai City Walk showroom, providing its clients with unparalleled, personalised experiences.

Bahrain, France sign strategic defence agreement

Sat, 07 Feb 2026

Bahrain and France have signed a bilateral agreement on defence which includes strategic information sharing, thus opening up new opportunities for industrial co-operation in defence and strengthening solidarity between the two countries amid growing regional geopolitical tensions.

EU may ease travel visas for certain professionals

Fri, 06 Feb 2026

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.

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