Global oil inventories have depleted to "scarily thin" levels, and rebuilding the world's energy buffers could take up to two years once vital shipping lanes reopen, Saudi Aramco President and CEO Amin Nasser warned Monday.
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Jordan and the UAE have broken ground on a $2.5 billion railway project linking the southern Jordanian port city of Aqaba with key phosphate and potash production sites in Al Shidiyeh and the Maan Logistics Zone, in a move aimed at boosting mineral exports and cutting transport costs.
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Saudi-based Abdullah Al Othaim Investment Company has launched a dedicated real estate development arm, Al Othaim Developments, with plans to invest over SAR16 billion ($4.27 billion) in about 10 projects comprising 8,000 residential units across several Saudi cities over the next two years.
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Saudi utility giant Acwa Power has announced the financial close of the SAR9.69 billion ($2.5 billion) Rabigh 2 IPP Expansion Project, a 2,313MW combined-cycle power plant in the kingdom’s Western Province.
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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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Saudi-based Alramz Real Estate Company has announced the official launch of its Masar Corner project in Makkah, featuring two towers with a total of 541 residential, commercial and service units and a gross built-up area of 125,000 sq m. The project, located within the Masar destination, is set for completion in 2029.
EDGE, a leading advanced technology group, has completed development of the MK 82 Penetrator aircraft munition, a hardened target weapon designed and manufactured in the UAE by LAHAB, EDGE’s medium- to large-calibre ammunition manufacturer.
The global health landscape continues to evolve and people are living longer. Following the disruption caused by the COVID-19 pandemic, global life expectancy has returned to close to pre-pandemic levels, says a World Health Organization report.
Gulf Air, the national carrier of the Kingdom of Bahrain, on Friday marked the start of the Formula 1 Gulf Air Bahrain Grand Prix 2026 in Malaysia at the Sepang International Circuit as title sponsor of the race, a position it has held since Bahrain brought Formula 1 to the Middle East in 2004.
The UAE has ordered the formation of a team comprising specialised members of the Public Prosecution to investigate the circumstances and causes of the incident involving flydubai flight FZ1073 from Dubai International Airport to Tel Aviv.
Oil prices jumped more than $4 per barrel at settlement on Thursday after a report said the US was sending additional troops and another aircraft carrier to the Middle East, while China suspended oil product exports, fuelling concerns that global fuel shortages could worsen.
The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
Bahrain will convene an exclusive gathering of ministerial and senior government officials, visionary chief executives, and influential voices from across the Middle East, Asia, Europe, Latin America, and North America, for the fourth edition of Gateway Gulf in November.
Abu Dhabi is set to complete the first phase of the AED2.85 billion ($776 million) Mid-Island Parkway project - that will link Saadiyat Island with Umm Yifeenah Island - in 2027. Phase I will boast an eight-lane dual carriageway as well as marine bridges, elevated flyovers and an underwater road tunnel.
Dubai-based ALA Developments has broken ground on Havencia, a 286-unit premium development located within Dubai Land Residence Complex. Set for completion in Q2 2028, the 34,057-sq-ft project features a mix of studios, one- and two-bedroom apartments along with key amenities.
Oman’s oil production rose 11.9 per cent year-on-year to 270 million barrels by the end of August 2026, up from 241.4 million barrels during the same period last year, according to data from the National Centre for Statistics and Information.
Abu Dhabi has launched a new fleet of premium and standard taxis at Zayed International Airport, aiming to improve passenger comfort, mobility and connectivity between the airport and destinations across the emirate.
Supply chain leaders are redesigning their networks around greater choice and flexibility, as resilience increasingly becomes a source of competitive advantage and growth, according to new research from DP World’s Global Trade Observatory.
The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
Leading luxury project developer Sobha Realty has announced that one of its key subsidiaries has broken ground on Anantara Siniya Island Resort and Anantara Residences Sobha Siniya Island in the northern emirate of Umm Al Quwain, featuring 125 hotel keys and 125 Anantara-branded residences.
Federal Express Corporation (FedEx) has said its Middle East, Indian Subcontinent and Africa hub at Dubai World Central (DWC) in UAE has won the IATA Centre of Excellence for Independent Validators (CEIV) Pharma certification.
WSP, one of the world’s leading engineering, science and infrastructure solutions firms, has appointed industry veterans Rob Kettlety and Emma Wyatt to its Middle East Executive Committee, as the business continues to grow across the Middle East.
Burtville Developments has launched its latest residential development, Bab Al Qasr Beach Resort Residence 77, in Abu Dhabi, scheduled for handover in Q4 2031.
Saudi Arabia’s structural shift toward non-oil revenue is strengthening the kingdom’s long-term economic resilience, while rapid growth in its digital economy is supporting efforts to diversify beyond hydrocarbons, according to top ratings agency S&P Global Ratings.
Cities are integrating artificial intelligence into public services and operations with no shared framework for measuring or comparing how prepared they are to do so safely, effectively or accountably, says a report.
Crescent Enterprises and TVS Automobile Solutions (TVS ASL) have announced a strategic partnership to support myTVS’ next phase of growth across India, the UAE and wider Middle East and North Africa (Mena).
Dubai Studio City, the region’s leading hub for content creation, will showcase the future of creative storytelling and its comprehensive media and production ecosystem as the Strategic Partner of CABSAT 2026.
A series of healthcare, educational, water and social projects have been inaugurated in Tajikistan and Kyrgyzstan, with a total value exceeding AED9 million ($2.45 million).
