Tecnimont, a leading global contractor for highly complex plants, has joined hands with ADNOC Gas for the groundbreaking of its $4.3 billion Rich Gas Development Phase 3 Project in Abu Dhabi. Once completed in 2030, the plant will reach an output capacity of 8 million tonnes per year.
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Microsoft will invest more than $10 billion in capital and operating expenditure in the Middle East through 2030, as the technology giant accelerates its cloud and artificial intelligence infrastructure expansion across Kuwait, Qatar, Saudi Arabia and the UAE.
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The GCC and North Africa have about $90 billion worth of hotel and resort projects in the pipeline, adding nearly 200,000 rooms to the region’s existing supply, with the Kingdom of Saudi Arabia accounting for around half of this (110,000 rooms), said a report released ahead of a key industry event in Dubai.
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X Architects has unveiled Zayed Waterfront, a conceptual 2.3 million-sq-m masterplan proposed for Mina Zayed that reimagines the historic Abu Dhabi port as a new waterfront gateway with three connected districts, thus forming a new urban sequence between downtown Abu Dhabi, Corniche and Saadiyat Island.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Former Chief Business Officer of Google X, bestselling author, entrepreneur, and internationally recognised AI expert Mo Gawdat will share his perspective on the future of artificial intelligence, human judgment, and responsible decision-making at the Fintech Forward 2026 in Bahrain.
US President Donald Trump has proposed a $10 billion fund to rebuild war-damaged energy infrastructure and develop oil and gas export routes that bypass the Strait of Hormuz, with $5 billion in US funding and a matching $5 billion contribution from Gulf and other regional partners.
US President Donald Trump threatened to “annihilate” Iran if Tehran fails to reach a deal with Washington, while at the same time signalling that a diplomatic settlement could be within reach after US and Iranian representatives held lengthy talks on the sidelines of the United Nations General Assembly.
The global economy is stabilising, but the fiscal support that cushioned successive shocks since 2020 is unlikely to play the same role in the year ahead, according to the World Economic Forum's Chief Economists' Outlook, published on Tuesday.
Saudi Arabia has made significant progress in expanding access to SME finance, with outstanding SME credit reaching approximately SAR467.7 billion ($124.5 billion) at the end of 2025, representing approximately 33% year-on-year growth. Despite that expansion, says a new report.
Saudi-based Umm Al Qura has signed an agreement with sustainable lifestyle real estate developer Numu for the construction of a SAR700 million ($185 million) serviced apartment tower within its Masar Destination in Makkah. The project will feature 460 hospitality units along with other amenities.
China National Offshore Oil Engineering has announced the groundbreaking of its biggest international offshore project - Bul Hanine EPIC in Qatar - with a total contract value of $4 billion. The project is being developed in the country's Bul Hanine oilfield by QatarEnergy.
The US suspended hundreds of flights at several major airports across the Northeast - including John F. Kennedy International Airport, Newark Liberty, Boston Logan and Philadelphia International airport - after a telecom outage caused by a severed fibre-optic cable disrupted travel for thousands of passengers.
GalvaHub has officially commenced hot-dip galvanising operations at Metal Park in KEZAD, Abu Dhabi, marking the start of production using what the company describes as the largest galvanising kettle in the region.
Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
Global renewable energy deployment reached a record level in 2025, but growth must accelerate significantly to achieve the target of tripling capacity by 2030, according to a new report by the International Renewable Energy Agency (Irena).
Alfred Holdings, the UAE-based investment group behind InsuranceMarket.ae, has launched CreditMarket.ae and HolidayMarket.ae, expanding its portfolio into financial services and travel.
Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Red Sea Global, the developer behind The Red Sea and AMAALA, has launched Yachting Network, a new Marina & Yacht Club operator on Saudi Arabia’s Red Sea coast.
The UAE has recorded significant progress in the 2026 Nuclear Threat Initiative (NTI) Nuclear Security Index, ranking fourth among 48 countries assessed for protecting nuclear facilities against sabotage.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, marked the launch of its enhanced Code of Conduct at a special ceremony held in the company premises. This represents a key milestone in boosting Alba’s governance framework, mitigating emerging risks and reinforcing a culture of integrity and accountability.
MG Motor, a British-born automotive brand, said its exclusive Kuwaiti distributor Adel Alghanim Automotive has announced the unveiling of its new MG 4S facility in the country's Shuwaikh district. Spread over five floors, the 25,500-sq-m showroom is one of MG's largest facilities worldwide.
The Chartered Management Institute (CMI) has officially launched its new regional office in Dubai, thus strengthening its commitment to supporting organisations, managers and leaders across the region. The launch comes as organisations across GCC accelerate investment in AI and digital transformation.
Microsoft will invest more than $10 billion in capital and operating expenditure in the Middle East through 2030, as the technology giant accelerates its cloud and artificial intelligence infrastructure expansion across Kuwait, Qatar, Saudi Arabia and the UAE.
The global debut Bentley’s all-new Torcal has taken place, the car becoming the brand’s fourth model line.
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.
Iranian President Masoud Pezeshkian used his address to the United Nations General Assembly to send a message to Iran’s Gulf neighbours, saying Tehran’s security must be guaranteed if the wider region is to avoid being drawn into continuing instability.
