Dubai has confirmed that the first phase of Al Maktoum International Airport remains on track for a 2032 opening, with major construction milestones achieved and AED13 billion ($3.5 billion) in contracts underway as preparations advance for future awards worth AED55 billion ($15 billion).
Read more
Saudi Arabia's residential market recorded a sharp slowdown in activity during Q1 2026, with transaction volumes falling by 50% year-on-year, according to an analysis by global property consultancy, Knight Frank.
Read more
The United States and Iran have announced an agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, a vital shipping route for global energy supplies, although key details of the accord remain unclear.
Read more
The Kuwait Investment Authority (KIA) has joined forces with artificial intelligence (AI) chip giant NVIDIA, private equity firm KKR and US integrated power generation firm Vistra to launch a new AI infrastructure company - Helix Digital Infrastructure - at a total investment of over $10 billion in long-duration capital commitments.
Read more
Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.
Read more
Etihad Airways and Department of Culture and Tourism (DCT) Abu Dhabi have launched a complimentary medical travel insurance scheme for international visitors flying to Abu Dhabi on Etihad flights.
The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs , according to the World Bank Group’s latest Global Economic Prospects report.
The Abu Dhabi Chamber of Commerce and Industry and the Shanghai Foreign Investment Development Board (Invest Shanghai) have signed a strategic memorandum of understanding (MoU) during the chamber's participation in the Abu Dhabi Investment Forum (ADIF) in Shanghai.
Emirates is developing a new travel insurance product that would guarantee passengers can return home even if flights are disrupted by conflict-related events, including by arranging seats on rival airlines when necessary, the airline's President has said.
US President Donald Trump on Thursday said he had cancelled planned military strikes against Iran after negotiations reached what he described as the highest levels of Iran's leadership, raising hopes of a breakthrough agreement that could end days of fighting and reopen the Strait of Hormuz.
Saudi Holy Capital Municipality and National Center for Privatisation & PPP have launched the tender process for a key project on Prince Sultan bin Abdulaziz Road in Makkah. The scope of work includes development of 166,488-sq-m land on Al Hada Road under a build-own-operate-transfer (BOOT) model.
Dubai Municipality has selected preferred bidders for the first two packages of its AED80 billion ($22 billion) Dubai Strategic Sewerage Tunnels (DSST) project, said a report. The project scope includes construction of deep sewer tunnels linked to treatment units at Warsan and Jebel Ali, as well as laying of 200km of sewer links.
The Kingdom of Saudi Arabia and Türkiye have signed two agreements to expand co-operation in the logistics and railway sectors following talks between their transport ministers in Riyadh. The first deal covers logistics services and operations, while the second focuses on the railway sector.
Bahrain was targeted by more than 36 Iranian drones this morning, Foreign Minister Abdullatif bin Rashid Al Zayani has said.
King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.
Engineering and testing services company Applus+ has secured a contract from a major oil and gas operator in Angola to provide 3D modelling and laser-scanning services for offshore asset management and engineering operations.
Red Sea Global (RSG) has officially second flagship destination, AMAALA, welcoming its first guests with the opening of Four Seasons Resort and Residences AMAALA at Triple Bay on Saudi Arabia’s northwestern Red Sea coast.
Oman's Public Establishment for Industrial Estates (Madayn) is offering investors in Al Suwaiq Industrial City up to five years of rental incentives, including a two-year exemption from land rent followed by a 50 per cent discount for the next three years, as it seeks to attract businesses to one of the Sultanate's newest industrial hubs.
Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.
QnA International, the organiser behind the world's most prestigious B2B platform for destination weddings, has announced the 17th edition of the Destination Wedding Planners (DWP) Congress — marking a landmark moment as the Congress sets foot on Indian soil for the very first time.
Artificial intelligence could significantly improve the world's ability to predict and respond to climate-related disasters by enabling faster forecasting and more effective early warning systems, according to a new report. However, AI's potential will only be realised if the technology is trusted and adapted to local conditions, it said.
Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services.
Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces.
King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.
The UAE has announced plans to set up a national body responsible for data, artificial intelligence and digital government in the country. The move is aimed at improving the quality of life, thereby strengthening the nation's competitiveness and global leadership in the digital economy.
Blacklane, a global chauffeur service, has joined Emirates Skywards through Skywards Everyday in the UAE, becoming the programme’s first chauffeur service partner.
Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces.
The total number of young people aged 15–34 in the GCC countries reached approximately 23.5 million in 2024, accounting for 38.2% of the GCC states' total population.
