UAE TO ACCOUNT FOR $795bn

Mideast set to see $3trn real estate projects pipeline

Thu, 05 Feb 2026

With the Middle East and Africa (MEA) expecting a $3 trillion project pipeline in real estate and infrastructure between 2026-2030, the region is poised for sustained high performance in 2026, according to JLL.

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REVENUE HITS $7.84bn

NMDC Group posts $1bn net profit for 2025, up 29%

Thu, 05 Feb 2026

NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.84 billion), up 10% y-o-y. Net profit surged 29% y-o-y to cross the AED4.0 billion ($1.089 billion) mark.

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INTEGRATED URBAN ECOSYSTEM

Dubai unveils ambitious $1.1bn Blue and Green Spaces Roadmap 2030

Wed, 04 Feb 2026

Dubai Municipality unveiled the ‘Blue and Green Spaces Roadmap 2030’ at the World Governments Summit as part of a comprehensive strategic vision to develop a balanced and integrated urban ecosystem. The roadmap includes a portfolio of projects valued at more than AED4 billion ($1.1 billion).

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ANALYSIS

AI ambition stays in pilot stage in most financial services firms: study

Wed, 04 Feb 2026

Only 12% of financial services organisations have AI projects fully deployed enterprise-wide, and a substantial 62% still remain in pilot or development stages, says a new study.

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INSIGHT

Global M&A poised to sustain momentum, finds Bain & Company

Tue, 03 Feb 2026

Global M&A (mergers and acquisitions) is positioned to continue momentum in 2026 after rising 40% to $4.9 trillion in 2025, the second-highest deal value on record, according to Bain & Company in its annual Global M&A Report 2026, published today.

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Top This Week

Glydways in deal to roll out debut automated transit system in Dubai

Wed, 04 Feb 2026

Dubai’s Roads and Transport Authority has signed a co-operation agreement with Glydways, a global leader in automated transit networks, for setting up an automated transit network, introducing a new mode of transport based on autonomous electric vehicles supported by AI technologies in Dubai.

Boeing to showcase advanced airpower at Saudi World Defense Show

Wed, 04 Feb 2026

Boeing will return as Platinum Sponsor to the World Defense Show 2026 (WDS 2026), taking place February 8-12 in Riyadh, to showcase the company’s industry-leading platforms and advanced capabilities in support of Saudi Arabia’s defence and security requirements.

Borouge delivers $1.1bn net profit in 2025, revenue hits $5.8bn

Wed, 04 Feb 2026

Borouge, a leading petrochemicals company, has announced exceptional financial results for FY2025, with net profit of $1.1 billion, an industry-leading adjusted ebitda margin of 37% and a net profit margin of 19% for the full year. The company recorded $5.85 billion in revenue for the 12-month period.

Combined Group Contracting lands $210m Kuwait Oil contract

Wed, 04 Feb 2026

Combined Group Contracting (CGC), a leading infrastructure specialist, has secured multiple high-value contracts worth $210 million from Kuwait Oil Company. The scope of work includes development of complex oil and gas infrastructure developments in Kuwait.

WHX reimagined: A power platform for global healthcare

Wed, 04 Feb 2026

World Health Expo (WHX) and World Health Expo Labs (WHX Labs) mark a decisive reinvention of what was once the Middle East’s most influential healthcare trade show. Formerly known as Arab Health, the platform has long been a cornerstone of regional healthcare commerce.

Dubai off-plan sales hit 130,000 homes; value touches $77.88bn

Wed, 04 Feb 2026

Dubai’s off-plan property sales reached a record AED286 billion ($77.88 billion) in 2025 with the sale of about 132,000 homes in the year, according to a new report.

QatarEnergy signs 20-year LNG deal with Malaysia's Petronas

Wed, 04 Feb 2026

QatarEnergy has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with Malaysia's Petronas LNG (PLL), a subsidiary of Petronas, the first long-term LNG supply agreement between the two companies.

US shoots down Iranian drone approaching aircraft carrier

Wed, 04 Feb 2026

The US military said it shot down an Iranian drone that "aggressively" approached the Abraham Lincoln aircraft carrier in the Arabian Sea,

Productivity, export key for Saudi non-oil growth: Study

Wed, 04 Feb 2026

Saudi Arabia’s non-oil economy is entering a new phase. After a decade of rapid expansion driven by reform and public investment, future growth is expected to be shaped less by scale and more by competitiveness, productivity and export capability.

Ora Developers shifts to AI-driven mortgage ecosystem with Yubi deal

Thu, 05 Feb 2026

Ora Developers, a premier name in luxury real estate, has signed an agreement with Yubi, a global fintech unicorn, in a move that marks a significant shift in the UAE real estate market, moving from traditional manual financing to a hi-tech, AI-driven mortgage ecosystem.

Weatherford snaps up significant GCC orders in FY 2025

Thu, 05 Feb 2026

Weatherford International, a leading oilfield service company, secured significant orders in 2025 across GCC from heavyweights including Oman PDO, Oxy, Kuwait Oil Company and Bahrain Petroleum (Bapco) for well services, gas-lift as well as directional drilling and MPD services.

UK developer LEO unveils debut Rove lifestyle project in Oman

Thu, 05 Feb 2026

British developer LEO Development has teamed up with Rove, a JV between master developer Emaar Properties and Dubai Holding, to launch its debut lifestyle hospitality project in Oman. The Rove Home Muscat Expressway will feature one- and two-bedroom apartments along with a range of lifestyle amenities.

Global demand lifts Bahraini pearl prices to record levels

Thu, 05 Feb 2026

Bahrain’s natural pearl sector has witnessed prices surge by at least 40% over the past year, buoyed by the renewed global demand for rare gemstones as laboratory-grown alternatives gain market share, said a top official of Bahrain Institute for Pearls and Gemstones (Danat).

WHX reimagined: A power platform for global healthcare

Wed, 04 Feb 2026

World Health Expo (WHX) and World Health Expo Labs (WHX Labs) mark a decisive reinvention of what was once the Middle East’s most influential healthcare trade show. Formerly known as Arab Health, the platform has long been a cornerstone of regional healthcare commerce.

Mirage marks structural milestone on Address Residences Zabeel Tower 2

Wed, 04 Feb 2026

Mirage, a leading project management, architecture, urban design, master planning and lead consultancy, has announced the successful completion of the first raft concrete pour for Tower 2 at Address Residences Zabeel, a major Emaar development located in Dubai.

Goldwind completes key installation at Oman wind turbine project

Thu, 05 Feb 2026

Chinese group Goldwind said it has completed the successful installation of the first wind turbine at the Riyah 2 project in southern Oman. The project is being developed by OQ Alternative Energy, a subsidiary of Oman’s state energy group OQ, in partnership with global major TotalEnergies.

TASC names new CEO to spearhead AI-driven growth in Mena

Wed, 04 Feb 2026

TASC Group, a leading workforce, people advisory, corporate compliance and AI-led business solutions company in the Middle East and North Africa, has appointed Jayajyoti Sengupta as its new Chief Executive Officer. He takes over the role from its Founder Mahesh Shahdadpuri who has been named its Executive Chairman.

Global demand lifts Bahraini pearl prices to record levels

Thu, 05 Feb 2026

Bahrain’s natural pearl sector has witnessed prices surge by at least 40% over the past year, buoyed by the renewed global demand for rare gemstones as laboratory-grown alternatives gain market share, said a top official of Bahrain Institute for Pearls and Gemstones (Danat).

Saudi banks’ giga-projects exposure limited but growing, says Fitch

Thu, 05 Feb 2026

Saudi banks’ exposure to Vision 2030 giga projects remains modest but is likely to rise as some projects become operational, Fitch Ratings says.

Ora Developers shifts to AI-driven mortgage ecosystem with Yubi deal

Thu, 05 Feb 2026

Ora Developers, a premier name in luxury real estate, has signed an agreement with Yubi, a global fintech unicorn, in a move that marks a significant shift in the UAE real estate market, moving from traditional manual financing to a hi-tech, AI-driven mortgage ecosystem.

Dubai announces official operations of driverless taxi service

Thu, 05 Feb 2026

Dubai's Roads and Transport Authority has announced the launch of the official operations of its fully autonomous RT6 taxi vehicles developed by Chinese group Baidu Apollo Go. Set for public rollout during the first quarter, the system ensures safe and seamless mobility on roads open to live traffic.

Manish Malhotra to close Dubai Fashion Week 2026 with Kriti Sanon

Thu, 05 Feb 2026

The closing show of the Dubai Fashion Week will feature world renowned couturier Manish Malhotra, who will showcase his latest collection ‘Inaya’ – The India Story.

Dubai announces official operations of driverless taxi service

Thu, 05 Feb 2026

Dubai's Roads and Transport Authority has announced the launch of the official operations of its fully autonomous RT6 taxi vehicles developed by Chinese group Baidu Apollo Go. Set for public rollout during the first quarter, the system ensures safe and seamless mobility on roads open to live traffic.

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