Emirates Integrated Telecommunications Company (du) reported a 10.8% year-on-year increase in net profit to AED2.4 billion ($653.51 million) for the first nine months of 2026, supported by sustained demand for connectivity and digital services.
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Saudi Arabia's crude oil exports rose nearly 8 per cent in August to their highest level since March, signalling a continued recovery in shipments despite the prolonged disruption to regional energy flows caused by the Middle East conflict.
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Eli Lilly and Company (Lilly) and Mubadala Bio have announced a strategic collaboration to advance the localised packaging and logistics of Lilly’s GLP-1 medicines in Abu Dhabi, marking an important step in a shared commitment to advancing the emirate’s growing life sciences ecosystem.
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The Strait of Hormuz could become redundant within five years as Gulf countries accelerate investment in alternative energy export routes following the Iran war, HSBC Group Chief Executive Georges Elhedery said, even as renewed supply concerns pushed Brent crude above $110 a barrel on Wednesday.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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UAE developer Arada has launched Arada KSA, marking its entry into Saudi Arabia with a AED14 billion ($3.8 billion) residential development in Riyadh. Spanning 2.5 million sq m, it will boast 3,500 villas and townhouses surrounded by 100,000 trees, with top-class amenities including a school, retail and sporting facilities.
The Future Investment Initiative (FII) Institute has postponed the 10th edition of its flagship conference, themed "The Power of Legacy," which was scheduled to take place in Riyadh from October 26 to 29, 2026, to next year.
Messe Frankfurt has announced that the upcoming edition of its major event - Intersec Saudi Arabia - the kingdom’s leading platform for security, safety, and fire protection, has been postponed to October next year amid the ongoing regional tensions.
Embosal, a leading manufacturer of steel tubes and pipes based in Ras Al Khaimah, has announced plans to build an integrated hot-rolled coil (HRC) steel plant with an annual production capacity of 1.2 million tonnes. Production is scheduled to begin by the end of 2027.
Volvo Construction Equipment (Volvo CE) has announced plans to create a dedicated mining entity to strengthen its position in this sector. With this move, Volvo Mining will have a single, integrated business structure that will handle sales of Volvo trucks, construction equipment and autonomous solutions to mining customers.
FedEx has launched the dangerous goods transportation capabilities across its Middle East Road Network, enabling customers to move eligible regulated goods such as lab reagents, chemicals and lithium batteries across UAE, Saudi Arabia, Bahrain, Kuwait and Oman using its freight services.
UAE-based Blue Rhine Industries has announced that it has secured the contract from ALEC Engineering and Contracting for the installation and commissioning of LED screens that make up the immense Exosphere, a fully programmable exterior display at the $1.7 billion Sphere Abu Dhabi development.
Dubai Integrated Economic Zones Authority (DIEZ) achieved another record trade performance in the first half of 2026, with the total value of trade across its three economic zones reaching AED246 billion ($66.98 billion), an increase of 17% compared to the same period last year.
Egypt has signalled its readiness to provide military support to Saudi Arabia to defend the kingdom against escalating Houthi attacks, as the UAE and Saudi Arabia stepped up high-level consultations on regional security amid growing fears of a wider Middle East conflict.
Abu Dhabi has issued a set of guidelines for regulating industrial building facades in the emirate as well as unified standards for building facades facing streets and public spaces, with the aim of improving the urban landscape in industrial areas and enhancing safety of the facilites and supporting efficient operations.
Libya is advancing AI, automation and digital infrastructure across its oil sector as the National Oil Corporation targets crude production of two million barrels per day, supported by local technology development, operational efficiency and emissions reduction initiatives.
Wego’s latest travel data shows growing interest among UAE travellers in October city breaks, with Istanbul, Munich and Krakow recording year-on-year increases in searches as demand evolves beyond the peak summer season.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, held discussions with key industry stakeholders, at the London Metal Exchange (LME) Week 2026 event, exchanging perspectives on market developments and trends shaping the global aluminium industry.
Emirates Integrated Telecommunications Company (du) reported a 10.8% year-on-year increase in net profit to AED2.4 billion ($653.51 million) for the first nine months of 2026, supported by sustained demand for connectivity and digital services.
The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.
Danantara Indonesia, through its investment arm, PT Danantara Investment Management (DIM), has acquired 4.4 hectares of land plots within the SAR26 billion ($7 billion) Thakher Makkah development, following the acquisition and handover of Novotel Thakher Makkah. The transaction involves an operating hotel with 1,461 rooms and suites.
King Faisal Specialist Hospital and Research Centre (KFSH) in Riyadh has successfully performed a whole-lung lavage on a 10-year-old girl in a single session lasting approximately nine hours.
DP World Foundation (DPWF), the philanthropic arm of DP World, together with Belawan New Container Terminal (BNCT), has marked the ground breaking of an AED3.7 million ($1.01 million) junior high school in Belawan, Medan, Indonesia.
The inaugural International Gifts & Products Exhibition has opened at the Jeddah Exhibition and Events Centre, operated by the Jeddah Chamber, and will run until October 31.
The global Islamic finance industry maintained a strong growth trajectory in 2025, with total assets reaching $6.5 trillion, up 9% year-on-year. Growth was supported by the continued expansion in Islamic banking, record sukuk issuance, strong Islamic fund performance, and new regulatory frameworks.
Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.
Two-time Grammy-winning blues guitarist Eric Gales and acclaimed steel pan musician Leon Foster Thomas will headline the 10th anniversary edition of the Bahrain Jazz Fest, which kicks off on December 4, bringing an international mix of blues, jazz, soul and world music to the kingdom.
The United Arab Emirates has formally nominated Lana Zaki Nusseibeh, Minister of State, as a candidate for the position of Secretary-General of the United Nations.
