The Kingdom of Saudi Arabia is projected to generate SAR1.15 trillion ($310 billion) in revenue in 2026, up 5.1% over the 2025 estimate, underscoring the gains from the country’s ongoing economic diversification agenda, said a report.
Saudi sovereign wealth fund PIF said it has sold out a part of its stake in Umm Al Qura for Development and Construction Company (Masar), through an accelerated bookbuild offering. It comprises 48 million shares, representing 3.3% of Masar’s share capital.
Glenwood Private Equity, a leading Korea-based investment firm, and Mubadala Investment Company, an Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co (formerly known as LG Water Solutions and a division of LG Chem).
With green revenues growing twice as fast as conventional revenues, the global green economy has topped $5 trillion and is set to exceed $7 trillion by 2030, creating an abundance of growth opportunities for businesses worldwide, said a report.
The Goldman Sachs Group has entered into a deal to acquire US-based Innovator Capital Management, a pioneer of defined outcome ETFs for $2 billion. The Innovator manages $28 billion of assets under supervision (AUS) across 159 defined outcome ETFs.
Arab Financial Services (AFS) said it has delivered a standout performance at Jewellery Arabia 2025, supporting seamless digital payments across the five-day event, recording 160% payment growth, one of the strongest years in terms of both domestic and global activity.
Ithmaar Bank, a Bahrain-based Islamic retail bank, has appointed Hani Ghayath as the new head of Information Technology (IT) department. An industry veteran, Ghayath has 22 years of experience in both IT and the banking sector.
The 54th UAE Eid Al Etihad arrives this year crowned with exceptional economic and tourism achievements that reflect the vision of the UAE’s leadership and the strength of the Union, said Abdulla bin Touq Al Marri, Minister of Economy and Tourism.
Bahrain Airport Services (BAS) has announced the signing of an agreement with Bahrain Polytechnic to launch a bespoke Bachelor of Engineering (B.Eng) in Mechanical Engineering Programme for EASA Part-66 Aircraft Maintenance qualification holders.
BlueFive Investments Holding said it has executed a non-binding offer for a proposed investment in Gulf General Cooperative Insurance Company. The investment plan includes a capital restructuring and a cash injection to fuel future growth.
