Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, and the Dubai Department of Economy and Tourism (DET) have launched a DET Connect Account under DET’s “SME in a Box” platform to empower small and medium-sized enterprises (SMEs) with a comprehensive, digitally native banking solution.
Dubai's diamond trade reached a record $41.7 billion in 2025, surpassing the previous high of $40.9 billion set in 2011, as trading volumes and demand for natural diamonds increased, said a report. The total traded volumes climbed 42.5% year-on-year to a record 359.5 million carats.
The number of business licences issued and renewed in the northern emirate of Sharjah rose 2% year-on-year to 38,169 during the first half of 2026. Commercial licences accounted for the lion’s share of the new registrations hitting 2,514, followed by 1,407 professional licences and 276 industrial licences.
Abu Dhabi-based Tadweer Group has awarded a key contract to Spanish environmental solutions company Urbaser to develop the emirate's first greenfield material recovery facility. Set to be operational in 2028, the project is designed to process 400,000 tonnes of waste annually.
Saudi electric vehicle manufacturer Ceer has welcomed 40 Saudi engineers into permanent roles after they completed an overseas scholarship and training programme under the Kingdom's flagship "WAA’ID" track of the Custodian of the Two Holy Mosques Scholarship Programme.
Oman's United Solar has announced the financial close of its previously announced $50 million equity investment from IFC, the private sector arm of the World Bank Group.
Mitsubishi Power, a power solutions brand of leading industrial group Mitsubishi Heavy Industries (MHI), has announced that it has secured a contract to supply key boiler components for the conversion of heavy oil-fired boilers into dual-fuel boilers at the Jeddah South Power Plant and Shuqaiq Power Plant in Saudi Arabia.
A delegation from the Bahrain Economic Development Board (Bahrain EDB), led by Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of Bahrain EDB, has successfully concluded a strategic five-day visit to the United Kingdom.
Japan’s Kanadevia Corp has signed an agreement with Bahwan Engineering Company to jointly develop green hydrogen and low-carbon fuel projects in Oman. Under this, the duo will collaborate on project bidding, engineering, procurement, manufacturing and sales for green hydrogen and e-methane.
The Rock-It Company, a global leader in mission-critical logistics based in New York providing specialist transport, storage and supply chain solutions for automotive, motorsport, live touring and luxury goods sectors, has set up its Middle East headquarters in Abu Dhabi to oversee its regional operations.
