Saudi utility giant Acwa Power has announced the financial close of the SAR9.69 billion ($2.5 billion) Rabigh 2 IPP Expansion Project, a 2,313MW combined-cycle power plant in the kingdom’s Western Province. The project scope includes development, construction and operation of a combined-cycle gas-fired power plant.
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The global health landscape continues to evolve and people are living longer. Following the disruption caused by the COVID-19 pandemic, global life expectancy has returned to close to pre-pandemic levels, says a World Health Organization report.
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The UAE has ordered the formation of a team comprising specialised members of the Public Prosecution to investigate the circumstances and causes of the incident involving flydubai flight FZ1073 from Dubai International Airport to Tel Aviv.
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The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
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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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Abu Dhabi is set to complete the first phase of the AED2.85 billion ($776 million) Mid-Island Parkway project - that will link Saadiyat Island with Umm Yifeenah Island - in 2027. Phase I will boast an eight-lane dual carriageway as well as marine bridges, elevated flyovers and an underwater road tunnel.
Umm Al Qura for Development and Construction Company has announced that it had signed agreements to sell two plots of land within its Masar Destination development in Makkah for a combined value of about SAR436 million ($116.1 million). The buyers plans to develop a hospitality towers on the site.
UAE-based Azizi Developments has signed an agreement with Kone, a global leader in the elevator and escalator industry, to engineer and deliver the vertical mobility system for its 725-m landmark Burj Azizi development on Sheikh Zayed Road, which, on completion, will become the world’s second-tallest tower.
Naseej, a leading integrated real estate development and infrastructure company, has announced that it has been awarded a major contract to develop 2,467 housing units in Madinat Khalifa under the Bahrain Government Land Development Programme.
Emirates has launched its service from Dubai to Helsinki, Finland, for the very first time with flight EK167 departing at 07.30hrs today with a near-full passenger and cargo load, including a VIP delegation and media onboard.
KBR has announced that Sabic Agri-Nutrients has selected its Purifier technology for a new 3,500 metric tons per day single-train ammonia plant at Jubail in the Kingdom of Saudi Arabia. It will be working alongside EPC contractor Samsung E&A to deliver the project.
Dubai carrier flydubai has suspended flights to and from Israel following a security incident involving pilots of flight FZ1073, which was diverted to Saudi Arabia on Wednesday.
Saudi Arabia's real GDP is expected to contract 3.6% in 2026, largely because of a sharp decline in oil activity, even as the non-oil economy continues to expand, according to the Ministry of Finance's Pre-Budget Statement for 2027.
Saudi Arabia has achieved 93% of the targets set for its Vision 2030 programmes and strategies after a decade of reforms that have transformed the Kingdom’s economy and strengthened its resilience to external shocks, HRH Prince Mohammed bin Salman, the Crown Prince and Prime Minister, said on Wednesday.
Dubai CommerCity, a free zone focused on digital commerce, has launched a second expansion phase worth over AED1.8 billion ($490 million) that will add more than 91,000 sq m of office, retail and logistics space across the free zone’s business, social and logistics clusters.
Russia’s oil and gas revenues are projected to fall from 3.3 per cent of GDP in 2026 to 2.7 per cent in 2029, reflecting stabilising energy prices and a declining share of the oil and gas sector in the economy, according to budget, tax and customs policy guidelines reported by TASS.
Riyadh Air has unveiled the first images of its first Boeing 787-9 Dreamliner in indigo livery after the aircraft rolled out of Boeing's paint facility in South Carolina, US. One in every 10 aircraft in the Saudi PIF unit's fleet is expected to feature the indigo livery, creating a distinctive visual identity as the airline boosts its fleet.
Dubai CommerCity, a free zone focused on digital commerce, has launched a second expansion phase worth over AED1.8 billion ($490 million) that will add more than 91,000 sq m of office, retail and logistics space across the free zone’s business, social and logistics clusters.
The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
MOON World Resorts (MWR) has appointed Entuitive as the structural engineers and building envelope consultants, across all MOON Smart City Masterplans. Working alongside MWR's global development team, Entuitive will translate the entire masterplan into buildable and resilient structure.
Some 135 speakers, including ministers, business leaders, government officials, decision-makers, experts and innovators from around the world will speak at the 12th World Green Economy Summit (WGES).
The UAE Cybersecurity Council and Veeam Software have announced a partnership to strengthen cyber resilience, support capacity building, and accelerate the adoption of trusted data and AI-ready security practices across the UAE.
The Emirates Franchise Association (EFA) has highlighted the growing role of franchising in supporting the UAE's ambitions to build globally competitive food and beverage brands.
Eskan Bank has signed an agreement with First Bahrain Real Estate Development Company for the marketing and sale of housing units within the Hai Al Sahil project. It is among three new projects in Salman City featuring a total of 137 residential units that are being implemented by a group of real estate developers.
Silal Group, a leading agri-food and technology firm, will showcase its integrated capabilities across the agriculture and food sector at the Global Food Week 2026.
Max Verstappen took his and Red Bull's first win of the year in a rain-delayed and drama-filled Formula One Gulf Air Bahrain Grand Prix in Malaysia 2026 at Sepang International Circuit. Kimi Antonelli of Mercedes came second followed by Lewis Hamilton, who drove an extraordinary race after dropping towards the back.
Dubai Studio City, the region’s leading hub for content creation, will showcase the future of creative storytelling and its comprehensive media and production ecosystem as the Strategic Partner of CABSAT 2026.
Max Verstappen took his and Red Bull's first win of the year in a rain-delayed and drama-filled Formula One Gulf Air Bahrain Grand Prix in Malaysia 2026 at Sepang International Circuit. Kimi Antonelli of Mercedes came second followed by Lewis Hamilton, who drove an extraordinary race after dropping towards the back.
