50-50 JOINT VENTURE

IHC unit, Adani Group to develop $11.5bn aluminium project in India's Odisha

Thu, 02 Jul 2026

International Resources Holding (IRH), the Abu Dhabi-based natural resources investment platform and an IHC Group company, and Adani Enterprises Limited (AEL), the flagship company of the Adani Group, on Thursday signed an MoU with India's Government of Odisha to develop an integrated greenfield aluminium project.

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ASSETS NOW IN 3D MODEL

Dubai launches digital twin platform - a virtual replica of city

Thu, 02 Jul 2026

Dubai on Thursday launched the Dubai Digital Twin Platform, which represents a new strategic milestone in the emirate's digital transformation journey.

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IRANIAN FROZEN ASSETS KEY ISSUE

US, Iran in indirect talks to secure peace deal, eye shipping restart

Wed, 01 Jul 2026

The US and ​Iran held indirect technical talks in Doha on Wednesday as they seek to agree on the flow of shipping through the Strait of Hormuz ‌and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official said.

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ACTION SOUGHT AS RISKS MOUNT

UN report warns AI is advancing faster than science, regulation

Wed, 01 Jul 2026

Artificial intelligence is evolving faster than scientific understanding and governments' ability to regulate it, creating growing risks that require urgent global action based on a shared scientific evidence base, a landmark United Nations report warned.

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SPOTLIGHT

AI will soon choose what people buy says ecommerce trends report

Fri, 26 Jun 2026

AI could soon choose what we buy; sustainability has shifted from nice-to-have to non-negotiable; and second-hand shopping is rapidly becoming mainstream, according to new DHL eCommerce research.

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Top This Week

EDF, Marubeni, Acwa, Masdar in race for 12,000 MWh Saudi BESS projects

Wed, 01 Jul 2026

The Saudi Power Procurement Company (Principal Buyer) has prequalified 27 leading developers including global utility majors EDF, Kepco and Marubeni as well as regional heavyweights Masdar and Acwa for its second group of Battery Energy Storage System (BESS) projects with a total capacity of 12,000 MWh.

Qatar records $3.4bn FDI capex in 2025 across 373 projects

Wed, 01 Jul 2026

Qatar attracted $3.4 billion in FDI capital expenditure (capex) across 373 projects that generated 15,051 new jobs, according Invest Qatar’s 2025 Annual Report.

GCC becomes a provider of capital, infrastructure for global growth: report

Wed, 01 Jul 2026

In a world increasingly shaped by supply constraints, the GCC is shifting from a beneficiary of scarcity to a provider of the energy, capital, and infrastructure that underpin global growth, says a new BlackRock report.

IHC continues growth momentum through key investments, expansion in Q2

Wed, 01 Jul 2026

IHC, a global investment company focused on building dynamic value networks, continued to execute its strategy of disciplined investment, portfolio expansion and active value creation across its diversified portfolio of businesses in the second quarter of this year.

Riyadh Air adds Malaga, Kuala Lumpur to its growing network

Wed, 01 Jul 2026

Riyadh Air, Saudi Arabia's new national carrier and a subsidiary of the Public Investment Fund, has announced the addition of two new destinations to its growing network, launching ticket sales for flights linking Riyadh with Málaga (Spain) and Kuala Lumpur (Malaysia).

TA’ZIZ, Covestro and XRG mull world-scale MDI plant in Ruwais

Wed, 01 Jul 2026

TA’ZIZ, a joint venture between ADNOC and ADQ, has announced the launch of a joint feasibility study with Covestro and XRG to assess the development of a world-scale methylene diphenyl diisocyanate (MDI) plant at the TA’ZIZ Industrial Chemicals Zone in Ruwais Industrial City, Abu Dhabi.

New EU steel regulation takes effect; quotas cut, duty raised

Wed, 01 Jul 2026

A new European regulation aimed at protecting the EU steel sector from the damaging impact of global overcapacity will enter into application on July 1.

US-Iran Doha talks remain uncertain; Hormuz traffic gathers pace

Wed, 01 Jul 2026

The prospects for renewed US-Iran diplomacy remained uncertain on Tuesday, with Tehran denying any plans for high-level negotiations even as US President Donald Trump's special envoy Steve Witkoff and son-in-law Jared Kushner met Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani in Doha to discuss the ongoing negotiations and regional security.

Qatar awards $604m contracts for power grid expansion

Tue, 30 Jun 2026

Qatar General Electricity and Water Corporation (Kahramaa) has awarded contracts worth more than QR2.2 billion ($604 million) to expand the electricity transmission network in the country's western region as it prepares to integrate power from the Dukhan solar project into the national grid.

Arista Properties breaks ground on HQ commercial development

Fri, 03 Jul 2026

Arista Properties has officially broken ground on HQ, its flagship commercial development in Al Furjan in Dubai, marking a significant milestone for the project that is scheduled for handover in Q4 2027.

Libya Energy & Economic Summit to target more opportunities

Fri, 03 Jul 2026

The next edition of Libya Energy & Economic Summit (LEES) will expand Libya’s investment pipeline across hydrocarbons, renewables and infrastructure while deepening international participation following record deal activity in 2026.

Louvre Abu Dhabi introduces new tour for summer season

Fri, 03 Jul 2026

Louvre Abu Dhabi is introducing its “New Highlights and Discoveries Tour” for the summer season, a 45-minute journey through the museum’s four wings, featuring a curated selection of new acquisitions and major loans introduced to the museum this year.

Emirati Supplier Programme helps SMEs win $480m contracts

Fri, 03 Jul 2026

The Emirati Supplier Programme, managed by the Mohammed Bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), has facilitated the awarding of more than AED1.78 billion ($480 million) in contracts to Emirati SMEs in 2025.

UN report warns AI is advancing faster than science, regulation

Wed, 01 Jul 2026

Artificial intelligence is evolving faster than scientific understanding and governments' ability to regulate it, creating growing risks that require urgent global action based on a shared scientific evidence base, a landmark United Nations report warned.

Select Group completes first Six Senses branded homes in Mena

Thu, 02 Jul 2026

UAE developer Select Group has announced the completion of Six Senses Residences The Palm, Dubai, the first Six Senses branded homes in the Mena region. It comprises a collection of private residences, including signature and sky villas as well as penthouses designed around waterfront living.

Geodis secures IATA CEIV pharma certification for its Hyderabad site

Thu, 02 Jul 2026

Geodis, a leader in transport and logistics, said it has achieved the IATA Center of Excellence for Independent Validators (CEIV) Pharma certification for its site located in the south Indian city of Hyderabad, thus reinforcing its commitment to delivering top-class healthcare logistics solutions.

Al Khayyat Investments signs exclusive partnership with Aujan Coca-Cola

Wed, 01 Jul 2026

Al Khayyat Investments (AKI) has announced the signing of an exclusive distribution partnership with Aujan Coca-Cola Beverages Company under which AKI will exclusively manage the UAE distribution and growth for household brands Rani, Vimto and Barbican.

International investors deploy $5.3bn into Saudi private markets in 2025

Fri, 03 Jul 2026

Foreign private capital investment in Saudi Arabia's private markets reached SAR20 billion ($5.3 billion) in 2025, representing about 60% of total private capital investment in the Kingdom and marking a significant milestone in the continued expansion of Saudi Arabia's private capital ecosystem.

Visa launches threat intelligence platform

Thu, 02 Jul 2026

Visa has launched the Visa Threat Intelligence Platform (VTIP), a new solution that helps financial institutions detect and respond to cyber threats that can lead to fraud and financial loss, leveraging the same cybersecurity capabilities Visa uses to protect its own global network.

Multiply Media expands into Saudi Arabia via partnership Cenomi Centers

Fri, 03 Jul 2026

Multiply Media Group (MMG), the UAE-headquartered Out-of-Home media powerhouse and a subsidiary of 2PointZero Group, today announced its expansion into Saudi Arabia through a strategic partnership with Cenomi Centers, Saudi Arabia's leading owner, operator and developer of contemporary lifestyle centres.

US, Iran make limited progress in Doha; nuclear issue deferred

Thu, 02 Jul 2026

Iran and the US concluded ​a round of indirect talks on Wednesday with no sign they had made headway toward a lasting peace, focusing instead on ‌issues that they said had been resolved when an interim deal was announced two weeks ago. Sources said negotiators spent two days in Doha discussing maritime traffic in the Strait of Hormuz.

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