Dubai master developer Emaar has announced that a new commercial and office district spanning 300,000 sq m is being planned alongside Dubai Square in Dubai Creek Harbour, at a total investment of AED12 billion ($3.27 billion). It will include direct access to two metro stations and Dubai Square, alongside four hotels and three urban parks.
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The GCC countries have signed the landmark General Railway Agreement at a high-profile regional transport ministers' meeting in Bahrain. The Gulf bloc plans to complete a 2,117-km-long railway network connecting all six member states - from Kuwait to Oman - with full operations targeted by 2030-end.
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Ardara, a company of Saudi wealth fund PIF, said early construction works have begun on the first cluster of its AlWadi development in Abha. On completion, the 2-million-sq-m development will boast 7,306 apartments, 90 villas and townhouses as well as 2,783 hotel keys.
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China’s Jereh Oil & Gas Engineering has secured three major oil and gas development packages from ADNOC Onshore with a combined contract value of $2.7 billion. These packages cover Ruwais Diyab unconventional gas project, Bab/North East Bab facilities and Bu Hasa facilities development.
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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-based Al Dhafra Petroleum has signed an AED1 billion ($272 million) agreement with Excel Astra Engineering & Construction to deliver new produced water treatment facilities at the Haliba oil field in Abu Dhabi. It is Al Dhafra Petroleum’s largest design, build and operate agreement to date.
Dubai Electricity and Water Authority (Dewa) said it has signed a AED1.76 billion ($478 million) water purchase agreement with Saudi utility major Acwa for the second phase of its SWRO desalination project at Hassyan complex in Dubai. On completion, the emirate’s desalinated water production capacity will reach 735 MIGD by 2029.
RAK Ceramics, one of the world’s leading lifestyle ceramics brands, reported strong financial results for the third quarter ended September 30, 2026.
The company has signed three-way deal with United Al Saqer Heavy Equipment to expand distribution capacity and strengthen logistics network in the UAE and GCC
More than 4,000 property buyers, investors, real estate brokers, developers, asset managers and trade visitors are expected to participate at the International Real Estate and Investment Show (IREIS) 2026 in Abu Dhabi next week.
Crude rebounds after election-driven sell-off as Iran reports three more vessels damaged; attacks on Gulf shipping continue at near-record pace
Technology shares lead worldwide sell-off as investors fear tighter regulation and a slowdown in data centre construction; Asian chipmakers suffer heavy losses
The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than $403 million with the Syrian government to help support infrastructure rehabilitation, restore essential public services and improve living conditions as the country works towards recovery.
A record-breaking ADIPEC 2026 ended on a solid note with more than 50,000 deals worth an estimated $67 billion being sealed over four days, up 26.4% over 2025. The mega energy event welcomed 240,000 attendees from 170 countries, thus reinforcing its position as a global meeting point for the energy sector.
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Dubai master developer Emaar has announced that a new commercial and office district spanning 300,000 sq m is being...
