UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
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AD Ports Group, a leading global enabler of trade, logistics and industry, has established a consolidated, multimodal inland logistics network of rail-linked dry ports and cargo depots, including KEZAD Group’s Industry City of Abu Dhabi (ICAD).
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Beyon, a leading telecommunication company and digital enabler, has announced the signing of a Public Private Partnership (PPP) commitment agreement with the Ministry of Communications in Kuwait and the Kuwait Authority for Partnership Projects (KAPP), formalising its selection as the Winning Investor for the Fixed Telecommunications Network Development Project in Kuwait.
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Effective obesity interventions could help more than 1.2 million adults in the UAE to overcome obesity, potentially contributing $51 billion to GDP by 2031, said a new report.
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Dubai is rapidly evolving beyond its traditional reputation as the “City of Gold”, with industry leaders now suggesting the UAE could emerge as one of the world’s most influential centres for physical gold trading, compliant bullion transactions, and potentially even future pricing power.
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Abu Dhabi National Company for Building Materials (BILDCO) has announced a strategic partnership with Wujod Real Estate Development to develop an integrated sustainable city in Abu Dhabi with an initial investment of AED2 billion ($544.4 million) in the first phase.
Saudi Arabia’s Umm Al Qura For Development and Construction has announced plans for a new SAR1 billion ($267 million) hotel tower in Makkah as part of its massive Masar Destination development project near the Grand Mosque.
ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience.
Three supertankers carrying 6 million barrels of Middle East crude resumed crossing the strategic Strait of Hormuz on Wednesday, signalling tentative hopes for stability in global oil flows as US President Donald Trump indicated he was prepared to give Iran a few more days to respond to Washington’s latest proposal aimed at ending the conflict.
The Gulf Cooperation Council (GCC) and Britain concluded negotiations on a free trade agreement on Wednesday, in what officials described as a landmark deal expected to deepen economic ties and deliver significant benefits to both sides.
Dubai’s residential property market maintained its strong momentum in the first quarter of 2026, with transaction values reaching AED140.8 billion ($38.34 billion) despite regional geopolitical uncertainty and the seasonal slowdown associated with Ramadan, according to a new report by Morgan’s International Realty.
The UAE real estate market is navigating a transition period as it moves beyond the exceptional momentum of 2025 toward a more measured, mature phase, supported by strong fundamentals and ongoing infrastructure investment, said a Colliers report.
Aramex, a leading global provider of comprehensive logistics and transportation solutions, has announced a partnership with Netzero, a Saudi-developed smart afforestation platform, to plant trees across the Riyadh and Jeddah Industrial Cities.
Select Group, the Dubai-headquartered real estate developer and hospitality investor, has acquired three Delta Hotels by Marriott golf and country club resorts in the United Kingdom, marking a significant expansion of its UK hospitality platform.
AtkinsRéalis, a leading engineering and design consultancy, has signed an agreement with Dubai Future Solutions – Prototypes for Humanity to accelerate the development and deployment of breakthrough technologies shaping the future of the built environment.
Elsewedy Electric, a leading integrated provider of energy and infrastructure solutions across Europe, the Middle East, and Africa, has acquired a 60% majority stake in Netherlands-based Thomassen Service, a specialised provider of gas turbine maintenance and repair solutions.
Empire Aviation Group, a Dubai-based global provider of integrated private aviation services, has appointed Paul van der Blom as Head of Aircraft Management, reinforcing the company’s leadership team as its managed business jet fleet continues to expand.
Sharjah Ports, Customs and Free Zones Authority, in cooperation with the Sharjah Roads and Transport Authority, has exempted cargo trucks arriving from Oman and operating within the approved logistics corridor routes from toll gate fee across the Emirate of Sharjah.
Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said.
UAE-based ALEC Engineering has secured a $1.7 billion construction contract for Sphere Abu Dhabi, an iconic immersive entertainment venue, coming up on Yas Island. The project scope includes design, procurement and construction work of the world’s second Sphere arena which is set for completion by 2029.
Novo Nordisk, a global pharmaceutical company and a leader in developing treatments for diabetes, obesity and rare diseases, has announced the establishment of a regional distribution centre in the UAE, further reinforcing the country’s position as a global hub for pharmaceutical manufacturing and advanced supply chains.
The Sharjah Investment and Development Authority (Shurooq) has announced that it has signed an agreement with Sanam Group’s education platform to develop a new K-12 school in the emirate. The project will come up on a 29,275-sq-m plot within Sharjah Sustainable City.
Magrabi Retail, a leading eyewear retailer in the Middle East, has announced the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, facilitated AED381 billion ($103.74 billion) in sustainable and transition finance between 2022 and 2025, said a report.
Beyon, a leading telecommunication company and digital enabler, has announced the signing of a Public Private Partnership (PPP) commitment agreement with the Ministry of Communications in Kuwait and the Kuwait Authority for Partnership Projects (KAPP), formalising its selection as the Winning Investor for the Fixed Telecommunications Network Development Project in Kuwait.
Ethara has announced that one of the world’s biggest bands, Imagine Dragons, will headline the After-Race Concerts at the Formula 1 Etihad Airways Abu Dhabi Grand Prix on Saturday, December 5.
The Esports Foundation (EF) has announced that the 2026 edition of the Esports World Cup (EWC), the world’s largest esports and gaming event, will be hosted in Paris, France, from July 6 through August 23.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued a law on antiquities and archaeological sites in the Emirate of Dubai, in his capacity as the Ruler of Dubai.
