Saudi Arabia's economy is expected to accelerate sharply in 2027 after a subdued performance this year, with Riyad Capital forecasting real GDP growth of 6.8% next year compared with 0.9% in 2026, driven by a recovery in oil production and continued expansion of non-oil sectors.
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Services now account for most of the world’s $2.5 trillion ocean-related trade, overtaking goods and opening new opportunities for developing countries to create value from the ocean while protecting it, says a new UNCTAD study.
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The United States said it has completed a series of retaliatory strikes against Iranian assets following the downing of a US Army Apache helicopter, while Iran responded by launching missiles and drones toward American-linked targets in the Gulf, raising fresh concerns over regional stability even as diplomatic efforts to end the conflict remain on track.
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US President Donald Trump said on Tuesday Iran had shot down a US Apache helicopter in the Strait of Hormuz and vowed to respond, deepening doubts about prospects for peace between the two countries. Two US pilots involved in the incident were uninjured, said media reports.
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His Majesty King Hamad’s statement during yesterday’s Cabinet session: ‘You were the nation’s strength in times of war, and you remain its enduring strength in times of peace’ was not merely praise for citizens’ stance during an exceptional period.
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Most Gulf Cooperation Council (GCC) sovereigns remain supported by strong balance sheets and alternative export channels despite the economic and geopolitical fallout from the US-Iran war, which has prompted Fitch Ratings to revise its 2026 global sovereign sector outlook to “deteriorating” from “neutral.”
The disruption to shipping through Strait of Hormuz is not just energy shock, but a whole economy story; and while direct damage to energy infrastructure exceeds $60 billion, lost revenue and trade loss will be above $150 billion, Crescent Petroleum CEO has said.
GFH, a leading Islamic investment bank, has announced that it has sealed a strategic agreement with Octo Management Consultancies to collaborate on the development of a $300 million logistics and industrial real estate platform across the UAE and the Kingdom of Saudi Arabia.
Alef Group has announced the official launch of its AED4 billion ($1.1 billion) residential development, Linar, in Al Mamzar, Sharjah. The group's flagship project offers a new coastal address featuring 2,620 apartments with a mix of one- to three-bedroom units along with a limited number of exclusive penthouses.
JNK India, a specialist in process-fired heaters, reformers and related thermal engineering solutions for the energy sector, has secured a key order from UAE-based CC7 Emirates Engineering Solutions for the TA'ZIZ Salt Project being developed for the Abu Dhabi National Oil Company.
Egypt has secured a $420 million foreign investment commitment for a 580-megawatt wind power project on the Red Sea coast, marking another significant step in the country's drive to expand renewable energy capacity and attract private-sector capital into the energy sector.
AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, today launched trial operations at Noatum Ports - Safaga Terminal in Egypt ahead of the terminal’s full operational launch later this year.
Abu Dhabi's ambition to become a global technology powerhouse gained further momentum as startups within the Hub71 ecosystem surpassed $2.7 billion (AED9.9 billion) in cumulative funding and generated more than $1.5 billion in revenue by the end of 2025, according to the ecosystem's latest impact report.
Iran and Israel said on Monday they had halted attacks against each other following an appeal from US President Donald Trump, while US forces simultaneously escalated pressure on Tehran by disabling an oil tanker attempting to reach an Iranian port in defiance of Washington's naval blockade.
Saudi-based Dar Al Majed Real Estate Company has announced that it had signed an agreement with Jadwa Al Manzel Real Estate Fund to serve as the exclusive developer of a 27,000-sq-m residential project in Riyadh under a contract valued at SAR 211.6 million ($56.4 million).
Saudi Arabia's oil sector is poised for a strong recovery next year as export routes gradually normalise and crude production returns to pre-disruption levels, according to Riyad Capital, which forecasts oil-sector growth of 14.3% in 2027.
McG’s by McGettigan’s Al Barsha, a favourite neighbourhood hangout in Dubai, has launched McG’s Inner Circle, a new membership programme offering a range of exclusive lifestyle benefits and experiences.
Aramex and ICT Legal Consulting International BV (ICTLC International) have announced the approval of the Aramex Group Binding Corporate Rules for Controllers (BCR-C) by the Dutch supervisory authority, acting as BCR Lead, following the positive opinion issued by the European Data Protection Board (EDPB).
Abu Dhabi is entering a pivotal phase in its real estate journey, emerging as one of the UAE’s most compelling destinations for both end users and investors heading into 2026.
McG’s by McGettigan’s Al Barsha, a favourite neighbourhood hangout in Dubai, has launched McG’s Inner Circle, a new membership programme offering a range of exclusive lifestyle benefits and experiences.
Thumbay Group has broken ground on its new six-storey research facility located at Al Jurf, Ajman. Spanning 3,000 sqm, the key facility will serve as Gulf Medical University’s research ecosystem that will foster seamless collaboration between researchers, clinicians and healthcare innovators.
Saudi developer Rikaz said it has joined First Avenue Real Estate Development Company, AlMajdiah and SNB Capital for the establishment of a new investment fund that is focused on the kingdom's education sector. This initiative represents a strategic step in Rikaz’s growth journey, expanding its investments into a vital sector directly linked to human capital development and improving quality of life.
The 57th edition of the Watch and Jewellery Middle East Show, the region’s largest event for luxury jewellery and timepieces, is set to open in Expo Centre Sharjah bringing together 400 local and international exhibitors from 19 countries across the globe.
The Board of Trustees of the Future Investment Initiative (FII) Institute has appointed Princess Dr Maha bint Mishari bin Abdulaziz Al Saud as Chief Executive Officer of FII Institute.
South Korean tech giant Samsung Electronics Company spent nearly 90 trillion won ($59.2 billion) on capital expenditures and research and development (R&D) in 2025, making it the biggest investor among the world's top 10 semiconductor companies, industry data showed.
Blacklane, a global chauffeur service, has joined Emirates Skywards through Skywards Everyday in the UAE, becoming the programme’s first chauffeur service partner.
The 2026 FIFA World Cup kicks off on Thursday in Mexico City, marking the start of the largest edition of the tournament since its inception in 1930. Jointly hosted by the US, Canada and Mexico, the mega sports gala will feature a record 48 national teams, making it the first World Cup to be staged across three countries.
The 2026 FIFA World Cup kicks off on Thursday in Mexico City, marking the start of the largest edition of the tournament since its inception in 1930. Jointly hosted by the US, Canada and Mexico, the mega sports gala will feature a record 48 national teams, making it the first World Cup to be staged across three countries.
