First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest financial institutions, has become the first bank in the Middle East and North Africa (MENA) region to sign the UN Sustainable Blue Economy Finance Principles, and establish a AED100 billion ($27.23) blue finance target to support water and blue economy-related financing between 2026 and 2035.
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The UAE has established its position as a global hub for trade and investment, underpinned by an open, agile and multi-partnership economy, advanced infrastructure with the country’s non-oil foreign trade exceeding AED1.9 trillion ($517.36 billion) during the first half of 2026, a senior minister has said.
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The Gulf region cannot afford to remain trapped in a prolonged state of “neither war nor peace”, with its stability and future dependent on fragile arrangements and repeated efforts to contain crises after they erupt, Dr Anwar Mohammed Gargash, Diplomatic Advisor to His Highness the UAE President, said at a key forum on Monday.
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Saudi Arabia's Public Investment Fund (PIF) today launched Gulf Coast Development Company to create an integrated tourist and residential destination on the Al-Khafji coast overlooking the Arabian Gulf.
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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.
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Oman's Al Mazunah Free Zone has localised four projects during the first half, covering industrial and logistics sectors spanning 2,415 sq m. With this move, its cumulative investment in the free zone has risen to RO141 million ($366 million), with leased space topping 1.4 million sq m out of a total 15.36 million sq m.
Primark, the international fashion retailer, is set to make its debut in the kingdom later this month with the launch of its new outlet at City Centre Bahrain, being set up in partnership with Alshaya Group. This will be followed by the opening of the company's new outlet at Doha Festival City on October 29.
Saudi Arabia's PayTabs Group and Amazon Payment Services have agreed to a more than $100 million deal under which PayTabs will acquire Amazon's Middle East and North Africa (MENA) payments operations, a transaction that will further consolidate the region's fragmented payments market.
UAE-based EDGE Group has completed the acquisition of Brazilian aerospace engineering specialist AKAER, with all customary conditions precedent fulfilled. This follows the share purchase agreement by the two firms in July.
Dubai Land Department (DLD) figures for August show transaction volumes were down 37% and sale values down 44% year-on-year in the month. Taken alone, the headline numbers describe a market in decline.
In an exclusive interview with Gulf Construction, Knowledge Economic City’s CEO Dr Moath Al-Yahya outlines the accelerated delivery of KEC’s major destinations and its vision for an integrated city combining hospitality, residential, cultural and lifestyle offerings.
Sharjah Ruler Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Federal Supreme Council, has approved raising the “dignified living allowance” for Sharjah government employees and other beneficiaries to AED20,000 a month ($5,445.88), at an annual cost exceeding AED1.187 billion, effective September.
HUMAIN, a PIF company delivering full-stack artificial intelligence capabilities globally, has announced humain-m3, a frontier Arabic-language model commissioned by HUMAIN and delivered by MiniMax.
Oil prices were heading for their strongest weekly gain since mid-July on Friday as renewed fighting between the United States and Iran heightened concerns over disruptions to Middle East energy supplies.
Saudi Arabia's Knowledge Economic City (KEC) has announced that it had signed an agreement with Kaden Investment Company to develop a mixed-use project in Madinah with an estimated gross floor area of about 229,117 sq m.
Brent crude oil futures rose to settle at $97.31 per barrel on Monday, hitting a six-week high. US West Texas Intermediate (WTI) crude climbed 1.3%, or $1.17, to reach $92.65 per barrel.
Saudi Arabia's Knowledge Economic City (KEC) has announced that it had signed an agreement with Kaden Investment Company to develop a mixed-use project in Madinah with an estimated gross floor area of about 229,117 sq m.
Metso and Gruvaktiebolaget Viscaria have signed an agreement for the delivery of key process equipment for the Viscaria copper mine in Kiruna, Sweden. The agreement supports the project’s transition into the execution phase.
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.
Fakhruddin Properties has unveiled Tréppan Vision, an AED700 million mixed-use development for the future of living, where robots become part of everyday life.
FTS Cleanrooms, a turnkey cleanroom design, manufacturing and validation firm, has secured a contract to design and build a 350 sq m cleanroom facility for a medical device facility in Dammam.
AtkinsRéalis’ School of the Future programme, which connects young people with industry, will bring together 100 student finalists from leading schools across the UAE for its finals on September 16.
Talabat, the leading everyday app in the MENA region, has signed a memorandum of understanding (MoU) with QuikBot, an award-winning Singapore Deeptech company transforming final-mile delivery in dense, vertical cities, to launch a live pilot of autonomous delivery robots supporting riders in high-rise buildings.
Dubai International Financial Centre (DIFC), a leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, has confirmed the programme for the inaugural edition of the Dubai Future Finance Week, a strategic platform being held from November 2 to 6, examining financial trends and economic opportunity within the global financial ecosystem.
Talabat, the leading everyday app in the MENA region, has signed a memorandum of understanding (MoU) with QuikBot, an award-winning Singapore Deeptech company transforming final-mile delivery in dense, vertical cities, to launch a live pilot of autonomous delivery robots supporting riders in high-rise buildings.
Salik Company, the exclusive operator of Dubai’s road toll gates, has renewed its five-year contract with TransCore, a leading US-based tolling company, strengthening the continued strategic partnership between the two parties and supporting the ongoing efficiency and technological development of Dubai’s tolling system.
Bahrain's Ministry of Industry and Commerce has developed its marketing campaign licensing service for the commercial sector as part of the government's efforts to improve service quality and re-engineer services.
The King Abdulaziz Centre for World Culture (Ithra), an Aramco initiative, has opened registration for the eighth edition of Ithra Design Challenges.
