Samsung E&A, one of the world’s leading engineering, procurement, construction and project management (EPC&PM) companies, has secured a water treatment project worth $790 million in the Middle East, further strengthening its presence in the region’s water infrastructure sector.
The Middle East and North Africa (MENA) vehicle sales is expected to decline by 3.9% y-o-y in 2026, to 3.90 million units, says a new report.
Acciona said it is deploying a digital platform across its desalination plants, both in the Middle East as well as globally, to improve operational efficiency and real-time decision-making, using Schneider Electric's plant management system (PMS) based on Aveva PI System technology.
Worldwide air cargo tonnages and rates for the first half of 2026 were well up on last year’s levels with the June’s figures up 9% over the same month last year, and stable compared to May, despite the disruptions to capacity and markets in the Middle East, said a report.
Global air passenger demand fell 1.7% year-on-year in June 2026, driven by weaker domestic markets and Middle East pressures, while international traffic showed resilience excluding the region, according to the latest International Air Transport Association (IATA) data.
Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.
Ebara Elliott Energy (EEE) has secured one of the largest contracts in its 110-year history, winning a major order from Larsen & Toubro (L&T) to supply advanced compressor technology for a mega-scale gas infrastructure project in the Middle East.
The UAE's office market remained undersupplied during the second quarter of 2026, driving double-digit rental growth in both Dubai and Abu Dhabi despite a challenging macroeconomic backdrop and ongoing regional disruptions, according to real estate expert CBRE.
Qiddiya City has become the first destination management organisation in the Middle East to receive the Destination Marketing Accreditation Programme (DMAP) Accreditation with Distinction from Destinations International, marking the highest level of recognition under the global accreditation framework.
Saudi Arabia was the region's largest dividend payer, distributing an estimated $24.5 billion during the first quarter and accounting for almost 84% of all Middle East dividends, according to a new report.
