Etihad Rail, the developer and operator of the UAE’s national railway network, has announced that its passenger network will continue to expand with Dubai and Al Dhaid stations scheduled to open on September 30, 2026.
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Emirates NBD Egypt, a 100% owned subsidiary of Emirates NBD Bank, has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt, an indirect subsidiary of HSBC Holdings.
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Diplomatic efforts to defuse the Gulf crisis are expected to gain fresh momentum on Monday as the United States and Iran prepare to resume negotiations, following US President Donald Trump's decision to suspend a planned military strike against Iran.
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US President Donald Trump has announced that he is cancelling planned military strikes against Iran, saying significant progress in negotiations has created an opportunity for a broader agreement aimed at easing tensions in the Middle East.
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Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
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EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, reported revenues of AED2.4 billion ($653.51 million) for the second quarter of 2026 (Q2), an increase of 11% compared to the corresponding period in the prior year.
Saudi Arabia's Diriyah Company has awarded a SAR2.7 billion ($723.54 million) contract to build the Waldorf Astoria superblock, to a joint venture between Hassan Allam Construction Saudi Limited and Urbacon Saudi Company, a subsidiary of UCC Holding.
Gross written insurance premiums in Saudi Arabia increased by 10.7% in 2025 to reach SAR84.3 billion ($22.59 billion), compared with 2024, a report said.
Dubai Holding has contributed 13.5% to Dubai's GDP in 2025 alone, while enabling economic activity estimated at 30% of the city's total GDP through its broader ecosystem of businesses, destinations and districts, the company's first Impact Report said.
Saudi Arabia has launched a major international initiative to safeguard global shipping lanes, securing the backing of 14 countries for a proposed Maritime Defense Alliance as escalating conflict between the US and Iran raises fresh concerns over the security of two of the world's most important maritime trade corridors — the Strait of Hormuz and the Suez Canal.
Beyon, a leading telecom company and digital enabler in Bahrain, has reported a 7% increase in its Q2 net profit hitting BD18.3 million ($48.5 million), while its quarterly revenue broadly stood flat at BD126 million ($331 million) supported by higher revenue and operational efficiencies.
Dorsch Global, a major planning and consulting group based in Germany, has announced that its Saudi unit has been signed up as one of the construction supervision consultants for Expo 2030 Riyadh, one of the kingdom's most ambitious and globally significant projects.
Almar Water Solutions, a part of Jameel Environmental Services and a global leader in water infrastructure development and services, has secured a $940 million contract from Saudi oil giant Aramco to expand its Zuluf Water Treatment Project, thus increasing its treatment capacity to 308,000 cu m/day.
Jasara Program Management Company, a Saudi PIF venture, has entered into an agreement with Diriyah Company to provide project and construction management services for Royal Diriyah Opera House and Grand Mosque as well as other key projects centered around the grand avenue in Diriyah.
Saudi Arabia's Qiddiya Investment Company has announced PlayPath, a new mid-career recruitment and development initiative designed to attract, develop, and accelerate Saudi engineering talent supporting the delivery of Qiddiya City.
TotalEnergies has unveiled two major European renewable energy transactions, acquiring Shell’s 4 GW renewables portfolio and selling a 50 per cent stake in a €1.8 billion ($2 billion) asset portfolio to KKR as part of its Integrated Power strategy.
The number of guests staying at three- to five-star hotels in Oman reached 992,009 by the end of June 2026, marking a 13% decline compared to the same period in 2025, when the number stood at 1,140,086, according to the latest data.
Saudi Arabia's Nama Chemicals has begun arbitration proceedings against a consortium of Green Dimension Company for Environmental Services and Confident Engineering International after terminating two contracts with its key unit, Jubail Chemical Industries (Jana), over alleged contractual breaches.
Dubai’s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026, supported by a comprehensive range of economic and investment indicators reflecting strong demand, high liquidity, sustained capital inflows and an increasingly advanced regulatory and digital ecosystem, according to W Capital Real Estate Brokerage.
Dubai’s luxury real estate developers must treat wellness as the new baseline for how homes are designed and built, as global demand grows for healthier living environments. The next phase for the industry is collaboration rather than competition, said a leading UAE developer.
Dubai Investments has announced that it has fully acquired Clemenceau Medical Center Dubai, a leading tertiary care hospital in UAE, after boosting the group's ownership from 20% to 100%. The transaction was structured through one of its key units - Dubai Investments Industries.
Saudi Arabia's Qiddiya Investment Company has announced PlayPath, a new mid-career recruitment and development initiative designed to attract, develop, and accelerate Saudi engineering talent supporting the delivery of Qiddiya City.
Advanced Building Industries Company (Senaat) has announced that its key subsidiary, Zodcon, has secured a mechanical, electrical and plumbing (MEP) services contract for a mall project in Makkah. The entire work will be completed within a 15-month period.
Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
Average data breach cost in the Middle East reached $8 million in 2026, with one in four malicious breaches being AI-enabled, says a news IBM study.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the UAE, said DTC maintained resilient operations during Q2 2026 and H1 2026 despite a challenging operating environment across much of the quarter.
UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).
Diplomatic efforts to defuse the Gulf crisis are expected to gain fresh momentum on Monday as the United States and Iran prepare to resume negotiations, following US President Donald Trump's decision to suspend a planned military strike against Iran.
