Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, has signed a strategic agreement with New Jersey-based PGIM, the global asset management business of Prudential Financial (PFI), to enhance and expand its investment offerings across wealth and asset management.
Economic growth across the Gulf Cooperation Council (GCC) gained momentum in 2025, supported by structural reforms and rapid digital innovation, said a World Bank report. The UAE is expected to top the region with 4.8% growth in the year.
Rising demand for prime, ESG-compliant office space among regional and global businesses is driving rents and occupancy levels to near-record highs across key markets in the GCC, with Saudi Arabia leading rental growth at 15.1% in Q3 2025, said an expert.
The Gulf Cooperation Council Interconnection Authority (GCCIA) and the Ministry of Electricity of the Republic of Iraq have discussed the final preparations for launching the electricity interconnection project between the two entities.
The Eastern Province Mayoralty, in collaboration with a Thai investor, is set to launch the first phase of the Dammam Global City project by the end of November, a news report said.
SalamAir, Oman’s low-cost carrier, has announced the launch of its newest destination, Abha in Saudi Arabia starting December 16, 2025.
Adnoc Drilling has entered into definitive agreement to acquire 80 per cent of MB Petroleum Services (MBPS), one of the leading drilling and oilfield services (OFS) providers in the region with operations in Oman, Kuwait, Saudi Arabia and Bahrain.
The German National Tourist Board (GNTB) highlighted the Gulf region as Germany’s third-largest overseas tourist source, with €2.3 billion ($2.6 billion) spent in 2024, during a Dubai press conference marking 20 years in the GCC.
Takamul Industries, a leading player in the packaging industry, is reinforcing its brand presence across the GCC with the rebranding of its five companies: Al Jawad Plastic, Al Jawad Carton, Express Pack Print, Express Flexi Pack and Gulf Packaging Industry.
Saudi Arabia and UAE are poised to lead the Gulf region’s economic expansion in 2026, supported by strong private-sector performance, resilient domestic demand and renewed investment momentum, according to a new report.
