Strong market fundamentals cushioned the impact of broader regional uncertainties, driving resilience and sustained growth across prime office and retail segments in both Dubai and Abu Dhabi in the first quarter of 2026, according to JLL’s latest Real Estate Market Dynamics report.
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Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has announced another record year reflecting the strong performance of its portfolio companies and the successful implementation of the group’s strategy.
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The conflict in the region has prompted the UAE to fast-track a series of alternative trade and logistics projects that were already under development, as the country moves to safeguard supply chains and reinforce its position as a global trade hub, according to Dr Thani bin Ahmed Al Zeyoudi, the UAE Minister of State for Foreign Trade.
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The gross domestic product (GDP) of the GCC states reached approximately $2.4 trillion in 2025, positioning the council's economies among the world's influential economic powers, according to data issued by the Gulf Statistical Centre (GCC-Stat).
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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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Italian construction giant Webuild said that Saudi Arabia’s futuristic city project NEOM has terminated its contract for the Connector High-Speed Line project in Tabuk, in the latest development involving the kingdom’s flagship $500 billion mega-project.
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.
EMSTEEL Group, one of the region’s largest publicly traded steel and building materials manufacturers, today announced the official launch of its ES600 high-strength steel rebar, the highest-strength steel grade currently produced in the UAE.
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).
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.
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.
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.
Strong market fundamentals cushioned the impact of broader regional uncertainties, driving resilience and sustained growth across prime office and retail segments in both Dubai and Abu Dhabi in the first quarter of 2026, according to JLL’s latest Real Estate Market Dynamics report.
Aramco and Petronas signed an agreement for Petronas to acquire Aramco’s equity stakes in Pengerang Refining Company and Pengerang Petrochemical Company (PRefChem), located within the Pengerang Integrated Complex in Johor, Malaysia.
UAE-based Elevate World will host a virtual tourism summit from June 2-4, 2026, bringing together over 250 global industry leaders, hotels, travel agents and tour operators, with Dubai serving as the event hub for participating partners.
ZOE Energy Storage has signed a joint venture with a Saudi partner to build the country's first world-class battery energy storage system manufacturing facility.
The risk in digital payments is becoming more sophisticated as artificial intelligence gives fraudsters the ability to automate attacks, mimic legitimate behaviour and scale scams faster than traditional controls can respond, writes Sandeep Crasta.
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.
Climate finance has continued to grow with developed countries providing and mobilising $132.8 billion in climate finance for developing countries in 2023 and $136.7 billion in 2024, according to new OECD data.
Dubai's Knowledge and Human Development Authority (KHDA) has confirmed that there will be no increase in school fees for private schools in the emirate for the 2026-27 academic year.
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.
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, has announced another record year reflecting the strong performance of its portfolio companies and the successful implementation of the group’s strategy.
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.
US President Donald Trump said on Sunday he had informed his representatives not to rush into a deal with Iran dashing earlier hopes that an agreement was imminent.
