Abu Dhabi's real estate transactions more than doubled in value during the first half to hit AED117 billion ($32 billion) mainly driven by strong growth in property sales and foreign investment, said a report. The total number of property deals for the period surged by 61.7% to 25,714.
Iraq and Syria have signed an agreement to rehabilitate the crude oil pipeline linking Haditha in Iraq with Baniyas in the war-ravaged country, reported the Iraqi News Agency (INA). A vital project for the region, it is likely to be implemented by US energy company Chevron.
Modon, a major Abu Dhabi-based real estate and lifestyle development company, has announced the complete sell-out of the final phase of Bashayer, its premium waterfront community on Hudayriyat Island, within one day of launch.
Dubai's residential market sales eased to AED84.9 billion ($23.12 billion) in Q2 2026, but prices kept climbing and tenant demand surged 20%, according to new betterhomes data.
Singapore-based Meranti Green Steel said it has awarded a major FEED contract to a consortium of German group SMS and global direct reduction (DR) technology leader Midrex for its green iron facility at Duqm, Oman, with a planned capacity of 2.5 million tonnes per annum.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
Saudi-based Al Yamamah Steel Industries Company has announced that its reinforcing steel bars unit has awarded a major contract to Italian engineering and manufacturing corporation Danieli for setting up a steel billet production plant within its premises in the kingdom by 2029.
UAE wealth fund Abu Dhabi Investment Authority (ADIA) has acquired Rs730 million ($7.6 million) shares in Indian building materials and steel supplier SG Mart. With this move, it has also become an anchor investor in the $1.2 billion IPO of State Bank of India Funds Management.
Fire safety professionals and officials from across the Middle East joined thousands of global experts at the National Fire Protection Association (NFPA) Conference & Expo 2026 in Las Vegas, taking part in high-level discussions on advancing fire prevention, life safety standards and resilient infrastructure.
UAE developer Damac Properties has announced the launch of the sixth and final tower of Chelsea Residences by Damac - the world’s first football-branded residences located in Dubai Maritime City - following the exceptional sell-out performance of the first five towers.
