Dubai Municipality has awarded contracts worth AED2.5 billion ($680 million) for five new projects under Phase Two of the Tasreef Programme to expand and strengthen the emirate’s stormwater drainage network. These projects will cover 30 vital areas that will cater to an estimated population of three million residents by 2040.
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Aramco, one of the world’s leading integrated energy and chemicals companies, on Thursday announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world.
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Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire 100% of Macquarie AirFinance for an enterprise value of $7 billion. The combined company will have a pro forma fleet of 1,029 owned, managed and committed aircraft and will serve 191 airline customers in 79 countries.
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The Arab region is experiencing a gradual economic recovery despite mounting challenges, according to a new report issued by the United Nations Economic and Social Commission for Western Asia (ESCWA).
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A resurgence in global private equity is gathering steam after a rebound in dealmaking last year that saw both buyout deals and exits surge ahead to register their second highest values on record, says a report from Bain & Company.
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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of a Digital Direct Debit service through its BenefitPay app, thus expanding the kingdom’s push toward cashless payments.
AtkinsRéalis, the global design and engineering consultancy, has announced plans to join forces with Futurecity, a leading cultural placemaking agency, in a move that will see the two work together on major projects in the region that will shape the future of Middle East cities.
Emirates Global Aluminium (EGA) has announced strong underlying financial performance and record sales for FY 2025 with a 14% jump in its revenue which soared to hit AED32 billion ($8.7 billion), while its underlying net profit, excluding GAC, surged by 16% to hit AED2.12 billion ($578 million).
QatarEnergy has awarded the engineering, procurement, and construction (EPC) contract for the onshore LNG plant of the North Field West (NFW) project, a key component of the world's largest liquefied natural gas (LNG) expansion.
A Gaza firm has been contracted to build an Emirati-funded compound for displaced Palestinians in a part of the territory under Israeli military control, reported Reuters. Spanning 74 acres near Rafa, it will be able to house tens of thousands of people in pre-fabricated trailer-style units stacked multiple storeys high.
Etihad Rail has now revealed new details on what passengers can expect when the UAE’s national passenger rail network starts services later this year.
Beyon, the Bahrain headquartered-telecom leader, has announced its selection by the Kuwait Authority for Partnership Projects (KAPP) as the winning investor for the Fixed Telecommunications Network Development Project in Kuwait.
The Gulf Cooperation Council (GCC) and India have launched trade agreement negotiations, marking a new phase in the strategic partnership.
Kuwait marks its 65th National Day today (on February 25), highlighting a year of strong financial performance underpinned by sovereign wealth fund assets exceeding $1 trillion, according to a regional statistical report.
Eskan Bank, a leading bank in Bahrain, has appointed Mazen Al Umran as the official design and supervision consultant for its Seef Greens development. A key urban development project in the kingdom, it features a mix of residential and commercial elements along with premium amenities.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
Marriott International has announced an exceptional year of growth across Europe, Middle East & Africa (EMEA) in 2025 with more than 230 organic signings representing over 31,000 rooms. It also added 170 properties and nearly 24,000 rooms across EMEA last year.
Global telecom major Ericsson and Mastercard have announced a collaboration to reshape how money moves across the world. It is aimed at empowering telecom service providers, banks, and fintechs to expand digital wallet capabilities and reach unbanked or underbanked communities.
The Arab region is experiencing a gradual economic recovery despite mounting challenges, according to a new report issued by the United Nations Economic and Social Commission for Western Asia (ESCWA).
The first phase of Keturah Ardh, a heritage-wellness integrated luxury community being developed by MAG Group in Dubai, has sold out, with all 558 luxury townhouse plots acquired in just six months for AED1 billion ($272.2 million).
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.
Samsung has announced the Galaxy S26 Series, powered by the most intuitive and adaptive Galaxy AI experiences yet, designed to simplify daily tasks, the company said.
Global telecom major Ericsson and Mastercard have announced a collaboration to reshape how money moves across the world. It is aimed at empowering telecom service providers, banks, and fintechs to expand digital wallet capabilities and reach unbanked or underbanked communities.
Beyon reported a net profit attributable to equity holders of BD19.3 million ($51.2 million) for Q4 2025, a 17% increase from BD16.6 million reported for same quarter of 2024. For the full year of 2025, net profit was BD71.3 million ($189.1 million), a 2% decrease compared to BD72.8 million in 2024,
Lucid Group, maker of advanced electric vehicles, delivered 15,841 vehicles in 2025, up 55% compared to full year 2024. Lucid, which is majority-owned by Saudi Arabia’s Public Investment Fund, said the production nearly doubled year over year.
Bahrain, Saudi Arabia and the UAE have declared that Wednesday (February 18) will be the first day of Ramadan 1447 AH.
Parkin Company, a leading provider of paid public parking facilities in Dubai, has reported a 47% jump in its fourth-quarter revenue for 2025, while its net profit surged by 53% on the back of portfolio expansion, higher seasonal card sales and the introduction of variable tariffs.
