Construction costs are expected to rise in the Middle East this year, increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, says a new report.
Construction costs are expected to rise in the Middle East this year, increasing by around 4% in Saudi Arabia and 3% in the UAE. Across key sectors, demand remains strong, but delivery conditions are becoming more complex, says a new report.
The UAE and Saudi Arabia have emerged as the clear leaders of the GCC IPO market, setting the benchmark for scale, sophistication, and investor expectations across the region, according to a new Viewpoint by Arthur D Little.
Adnoc Logistics & Services (Adnoc L&S) posted strong Q4 2025 and record full-year results, with $5.016 billion revenue—a 41 per cent increase—driven by market demand and operations. Over 60 per cent of combined revenue with AW Shipping comes from long-term, recurring contracts, boosting earnings visibility and market resilience.
Emsteel, one of the largest publicly traded steel and building materials manufacturers in the region, delivered strong financial results in 2025 with its net profit reaching AED481 million ($131 million), up 23% compared to the same period last year.
The UAE’s industrial exports reached a record value of AED262 billion ($71.34 billion) in 2025 for the first time, recording 25% growth compared to 2024 and more than doubling since the establishment of the Ministry of Industry and Advanced Technology in 2020.
The rapid growth of immersive technologies sector is playing a vital role in reshaping UAE’s real estate, as the country continues to boost its position as a global hub for innovation, said an expert, adding that the UAE immersive VR market is set to grow fourfold to AED1.6 billion ($435 million) by 2030.
Dr Amna Dahak, Minister of Climate Change and Environment and Chairman of the Board of Directors of the National Agriculture Centre, has launched the Sustainable Product initiative, aimed at increasing the share of locally sourced agricultural and animal products used across the UAE’s restaurant and hotel sector to 25 per cent.
The Ajman Department of Tourism, Culture and Media (ADTCM) organized ‘Running for the Love of Kuwait’, a community sports event held to celebrate the long-standing brotherly relation between the UAE and Kuwait.
Abdulla Al Marri, UAE Minister of Economy and Tourism and GCAA Chairman, met with India’s Civil Aviation Minister Rammohan Naidu Kinjarapu to explore enhancing civil aviation cooperation and strengthening the bilateral partnership to support economic growth, investment, and development between the UAE and India.
