Ardara, a company of Saudi wealth fund PIF, said early construction works have begun on the first cluster of its AlWadi development in Abha. On completion, the 2-million-sq-m development will boast 7,306 apartments, 90 villas and townhouses as well as 2,783 hotel keys.
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China’s Jereh Oil & Gas Engineering has secured three major oil and gas development packages from ADNOC Onshore with a combined contract value of $2.7 billion. These packages cover Ruwais Diyab unconventional gas project, Bab/North East Bab facilities and Bu Hasa facilities development.
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Alstom, a global leader in smart and sustainable mobility, has signed a contract worth about €460 million with the Royal Commission for Riyadh City (RCRC) to supply additional driverless metro trains for Riyadh Metro’s orange, yellow and purple lines.
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The company has signed three-way deal with United Al Saqer Heavy Equipment to expand distribution capacity and strengthen logistics network in the UAE and GCC
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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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More than 4,000 property buyers, investors, real estate brokers, developers, asset managers and trade visitors are expected to participate at the International Real Estate and Investment Show (IREIS) 2026 in Abu Dhabi next week.
Crude rebounds after election-driven sell-off as Iran reports three more vessels damaged; attacks on Gulf shipping continue at near-record pace
Technology shares lead worldwide sell-off as investors fear tighter regulation and a slowdown in data centre construction; Asian chipmakers suffer heavy losses
The Saudi Fund for Development (SFD) has signed six concessional development loan agreements worth more than $403 million with the Syrian government to help support infrastructure rehabilitation, restore essential public services and improve living conditions as the country works towards recovery.
A record-breaking ADIPEC 2026 ended on a solid note with more than 50,000 deals worth an estimated $67 billion being sealed over four days, up 26.4% over 2025. The mega energy event welcomed 240,000 attendees from 170 countries, thus reinforcing its position as a global meeting point for the energy sector.
The GCC countries are set to sign the General Railway Agreement at a high-profile regional transport ministers' meeting in Bahrain this week. The Gulf bloc plans to complete a 2,117-km-long railway network connecting all six member states - from Kuwait to Oman - with full operations targeted by 2030-end.
IHC, a global investment company focused on building dynamic value networks, has reported a revenue of AED100.5 billion for the nine-month period ending September 30, 2026, representing an increase of 33.2% year-on-year.
Saudi-listed Acwa, the world’s largest private water desalination company, a leader in the energy transition, has reported a stable nine-month net income as Q3 performance gained momentum.
Emaar Properties reported a revenue of AED37.5 billion ($10.2 billion), up 13% year-on-year, EBITDA of AED19.7 billion ($5.4 billion), up 19%, and net profit before tax of AED19.8 billion ($5.4 billion), up 18%, for the nine months ended September 30, 2026.
The GCC countries have signed the landmark General Railway Agreement at a high-profile regional transport ministers...
The Gulf states are studying the possibility of establishing a regional water interconnection network and expanding...
Revenues of three- to five-star hotels in Oman declined by 11.7 per cent to RO171.1 million ($445 million) by the e...
The Gulf states are studying the possibility of establishing a regional water interconnection network and expanding...
Fourteen of the more than 1,000 companies VAST Data, the AI Operating System company, serves have made more than $1...
Apollo Global Management's strategic investment in Mubadala Capital marks another milestone in the UAE's emergence ...
Ardara, a company of Saudi wealth fund PIF, said early construction works have begun on the first cluster of its Al...
King Faisal Specialist Hospital and Research Centre (KFSH) in Riyadh has been ranked among the top 5% of hospitals ...
The Middle East crisis could accelerate major shifts in employment across Asia and the Pacific as countries seek to...
ENOC Group has inaugurated its first ZOOM convenience store featuring Amazon’s Just Walk Out technology, introducin...
Qatar Financial Centre (QFC), a leading onshore financial and business centre, has announced that Shorooq Doha Advi...
Abu Dhabi has marked a milestone in speed as China’s BYD set a new world speed record with its YANGWANG U9 Xtreme e...
Senior policymakers, diplomats, business leaders and experts from India and the GCC will discuss steps to further e...
An administrative building belonging to Saudi Aramco in Riyadh was subjected to an attempted attack on Sunday (Nove...
