22-STATION NETWORK READY

Webuild completes work on key Riyadh Metro station

Sun, 17 May 2026

Webuild, a global leader in the design and construction sector, has announced that it has successfully completed the work on the Western station of Riyadh Metro network. With the bringing into service of this station, the entire line of the Italian builder's 22-station network on the Orange line is officially complete.

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FACILITY SAFE, NO INJURIES

Drone strike causes fire outside Barakah Nuclear Power Plant in UAE

Sun, 17 May 2026

A fire broke out after a drone strike in an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in the Al Dhafra Region in the UAE.

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6 FIRMS POST $2.2bn NET PROFITS

Adnoc listed companies generate $11.8bn in Q1 revenue

Sun, 17 May 2026

Adnoc listed companies reported resilient Q1 2026 results, generating combined revenues of $11.8 billion, EBITDA of $3.7 billion and net profit of $2.2 billion across six portfolio companies.

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40% SHARE OF POWER GENERATION

Abu Dhabi solar capacity to top 30GW by 2035, says EWEC

Sat, 16 May 2026

EWEC (Emirates Water and Electricity Company) has revealed that it is increasing Abu Dhabi's solar capacity by almost 2,000 per cent between 2020 and 2030, with a forecasted 17.5 gigawatts (GW) of installed capacity.

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OPINION

India’s $30 trillion GDP by 2047 to create tectonic shift in a multipolar world

Fri, 15 May 2026

The UAE-India partnership creates a huge opportunity for investors and business community of both the countries as bilateral trade will double from $100 billion to $200 billion in just seven years, said experts at a key summit in Dubai. The Indian economy is set to exceed $30 trillion by 2047 – when the country turns 100.

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Top This Week

UAE fast-tracks new oil pipeline, set to double export capacity via Fujairah

Fri, 15 May 2026

The UAE is accelerating construction of a major new oil pipeline that will double ADNOC’s crude export capacity through the emirate of Fujairah, strengthening the country’s ability to ship oil to global markets without relying on the strategically vital but increasingly vulnerable Strait of Hormuz.

UAE, India sign strategic energy, defence, investment deals

Fri, 15 May 2026

India and the UAE have signed seven agreements spanning energy, defence, infrastructure and shipping during Prime Minister Narendra Modi’s brief visit to UAE, the first stop of his five‑nation tour. Giving fresh impetus to the Comprehensive Strategic Partnership, the UAE has announced $5 billion investments in India.

US and China aligned on Iran, says Trump

Fri, 15 May 2026

US President Donald Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed during ​their talks in Beijing that Tehran must reopen the Strait of Hormuz.

Mubadala, Kimmeridge, CPP seal $9.7bn US gas plant investment deal

Fri, 15 May 2026

Abu Dhabi-based Mubadala Energy has announced that it has made a final investment decision with Kimmeridge and Canada Pension Plan (CPP) for its Commonwealth LNG project that includes successful closing of $9.75 billion in project financing for construction of the 9.5 Mtpa gas export facility in Louisiana, US.

RWE-Masdar JV receives planning permission for 3GW offshore wind farm projects

Fri, 15 May 2026

Two major wind far projects being developed by a joint venture between RWE and Abu Dhabi Future Energy Company (Masdar) off the northeast coast of England have won the Development Consent Order.

TAQA posts $3.73bn revenue, net income stays steady

Fri, 15 May 2026

Abu Dhabi National Energy Company (TAQA) on Friday reported first-quarter revenue of AED13.7 billion ($3.73 billion), while net income attributable to shareholders remained steady at AED2.1 billion ($571.82 million).

$1.7bn Sphere Abu Dhabi to be built on Yas Island

Fri, 15 May 2026

Abu Dhabi is set to host the world’s second Sphere, a futuristic venue that is transforming live entertainment through its massive spherical design, ultra-high-resolution wraparound screens and cutting-edge multi-sensory technology.

National Bank of Bahrain posts $54.6m Q1 net profit

Thu, 14 May 2026

National Bank of Bahrain (NBB) has reported a net profit attributable to shareholders of BHD20.6 million ($54.6 million) for the first quarter ended March 31, 2026, representing a 27% decrease from BHD28.1 million ($74.5 million) reported in the first quarter of 2025 or a 2% increase from the normalised 2025 profit of BHD20.2 million ($53.6 million).

Cargo ship sunk off Oman, another vessel seized near Fujairah

Thu, 14 May 2026

A cargo ship was sunk off Oman and another vessel was reportedly seized near the United Arab Emirates and taken toward Iranian waters on Thursday, underscoring the continuing disruption to shipping through the Strait of Hormuz as diplomatic efforts to ease tensions showed little sign of success.

Oman design build expo ends on successful note; $1.14bn deals inked

Sun, 17 May 2026

The Oman Real Estate, Design & Build Exhibition and Conference ended on a successful note with agreements worth over RO443 million ($1.14 billion) signed during the four-day event. This year's expo attracted more than 35,000 visitors and witnessed broad participation from leading investors and developers.

Drone strike causes fire outside Barakah Nuclear Power Plant in UAE

Sun, 17 May 2026

A fire broke out after a drone strike in an electrical generator outside the inner perimeter of the Barakah Nuclear Power Plant in the Al Dhafra Region in the UAE.

Ajman showcases emirate’s tourism offerings at IMEX Frankfurt 2026

Sun, 17 May 2026

Ajman Department of Tourism, Culture and Media is participating in IMEX Frankfurt 2026, one of the world’s leading exhibitions specialising in the Meetings, Incentives, Conferences and Exhibitions (MICE) sector, taking place in Frankfurt, Germany from May 17-22.

Dubai-Oman 'Green Corridor' bolsters supply chain resilience

Sun, 17 May 2026

Dubai Customs has announced notable successes achieved by its ‘Green Corridor’ initiative since its activation last March in co-operation with Oman Customs. It has helped ensure uninterrupted trade flows, bolstering supply chain resilience and supporting business continuity, while also safeguarding local food security.

India’s $30 trillion GDP by 2047 to create tectonic shift in a multipolar world

Fri, 15 May 2026

The UAE-India partnership creates a huge opportunity for investors and business community of both the countries as bilateral trade will double from $100 billion to $200 billion in just seven years, said experts at a key summit in Dubai. The Indian economy is set to exceed $30 trillion by 2047 – when the country turns 100.

New indoor destination Leo & Loona Kids Park opens in Bahrain

Thu, 14 May 2026

Leo & Loona Kids Park has opened at The Avenues Mall Bahrain, introducing one of the region’s leading indoor family entertainment concepts to the Kingdom.

Thumbay breaks ground on integrated psychiatric hospital at Sharjah Healthcare City

Sun, 17 May 2026

Thumbay Group has broken ground on the Thumbay Psychiatric and Rehabilitation Hospital at Sharjah Healthcare City, a 110,000-sq-ft facility set to become the region's first private, fully integrated hospital dedicated to psychiatric care, neuro-rehabilitation, and addiction recovery.

ENEC signs deal to train Emirati nuclear talent

Thu, 14 May 2026

Emirates Nuclear Energy Corporation (ENEC) signed an agreement with Department of Government Enablement – Abu Dhabi to train and employ UAE Nationals, building specialised skills to support the country’s expanding civil nuclear energy sector.

Snoonu arrives in Kuwait offering more than delivery service

Tue, 12 May 2026

Snoonu, a fast-growing super-app, has been officially launched in Kuwait, marking a significant step in its expansion across the GCC.

American Express Middle East partners with Beyon Al Dana Amphitheatre

Sun, 17 May 2026

American Express Middle East has announced a new partnership with Beyon Al Dana Amphitheatre, in Sakhir, Bahrain, offering its card members a range of exclusive benefits and on-site activations designed to enhance the event experience at selected performances.

G42, India formalise framework for Condor Galaxy India AI supercomputer

Sat, 16 May 2026

. G42, the Abu Dhabi-based global technology group, and the Government of India, have formalised the framework and the commercial terms for the deployment of Condor Galaxy India, an 8-exaflop AI supercomputing cluster comprising 64 Cerebras CS-3 systems.

Dubai Taxi Company to acquire National Taxi for $394.8m

Wed, 13 May 2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Wednesday announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share capital of National Taxi, one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total enterprise value of AED1.45 billion ($394.83 million).

Dubai's immersive Museum of Digital Art launched

Sun, 17 May 2026

Dubai's Museum of Digital Art (MODA), a landmark addition to emirate's cultural landscape and the region’s first museum dedicated to digital art and new technologies, has been launched by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture).

Saudi Arabia announces Eid Al Adha celebrations on May 27

Sun, 17 May 2026

The Saudi Supreme Court has announced the sighting of the crescent moon in the kingdom marking the beginning of Dhul Hijjah for the year. Based on the legal sighting of the crescent moon, the Court declared May 27 as the first day of Eid Al Adha which will be celebrated across the Middle East.

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