Webuild, a global leader in the design and construction sector, has announced that its consortium - comprising Indian construction conglomerate L&T, Saudi Arabia's Nesma and French rail transport giant Alstom - has secured the contract for the extension of Riyadh Metro’s Red Line network.
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The World Bank projects that growth in Gulf Cooperation Council (GCC) states will rise to 4.4% in 2026 and 4.6% in 2027.
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Gulf investors are playing an increasing central role in sustaining AI and private market deal flow, not as speculative entrants, but as strategic financiers of foundational technology infrastructure, a Standard Chartered report said.
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EDGE, a leading Abu Dhabi-based advanced technology major, has signed an agreement with Indra Group, a global leader in IT, aerospace, defence and mobility systems, for setting up a new defence manufacturing company in Spain that will cater to European defence programmes.
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A practical blueprint for governments and innovators on what comes next and how nations are re-architecting governance for the digital age has been launched.
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The Middle East is on track to attracting more than $100 billion annually in strategic capital expenditure by 2026, spread across oil and gas, renewable energy, healthcare, digital infrastructure and manufacturing, said a report. The Middle East’s oil and gas sector remains a market anchor.
Leading Saudi developer Dar Al Arkan, in collaboration with Dar Global, has unveiled the first of its landmark Trump-branded projects in Riyadh. The Trump International Golf Club, Wadi Safar will come up on a sprawling 2.6-million-sq-m area within the mega Diriyah development.
UAE-based Tiger Properties has launched its new lagoon-front master community in Ajman being set up at an investment of $10 billion within the Al Alia district. Tiger Downtown Ajman will boast a total of 76 buildings, including 20 lagoon-front structures alongside retail components.
At least 65 people were killed and over 2,300 arrested during two weeks of anti-government protests that have rocked Iran, said media reports citing a human rights group. The demonstrations have spread to at least 100 cities across Iran’s 31 provinces, in a wave of nationwide unrest over crippling economic conditions.
The GCC region witnessed the launch of 40 initial public offerings (IPOs) in 2025 that raised a total of $5.1 billion in proceeds, said a report. Saudi Arabia led the region raising a total of $4.1 billion, which constituted 79% of the total GCC IPO proceeds during the year.
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved new support measures through the Sharjah Social Services Department to help improve the lives of local residents.
Global economic output is forecast to grow by 2.7 per cent in 2026, slightly below the 2.8 per cent estimated for 2025 and well below the pre-pandemic average of 3.2 per cent, according to the World Economic Situation and Prospects 2026, released by the United Nations on Thursday.
Middle Eastern airlines’ passenger demand rose 9.6% year-on-year in November 2025, with capacity up 9.2% and a load factor of 81.4% (+0.3 ppt). Globally, passenger demand grew 5.7% versus November 2024, per IATA data.
Kuwait has awarded two contracts worth KD36.5 million ($119 million) for the supply, installation and maintenance of underground 400-kV cables to feed four main substations in South Sabah Al-Ahmad City. The entire work will be completed within 26 months.
Dubai has recorded its strongest residential year on record for 2025, with the total sales value reaching AED547 billion ($149 billion), up 28% year-on-year, across 203,000 transactions as demand, liquidity and prices all advance together, said a new report.
Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, has secured a major contract to supply advanced gas turbine technology for Qatar's Facility E Independent Water and Power Project (IWPP) in the Ras Abu Fontas area. It is expected to be operational in 2028.
Alef Group, a premier developer in Sharjah, has announced the official launch of Palace Residences Al Mamsha, a luxury branded project developed in collaboration with Emaar Hospitality. The key development offers a mix of one- to three-bedroom apartments with a range of amenities.
UAE-based Transguard Group has sealed a partnership deal with Polaris, a premier provider of turnkey specialist services worldwide, that will see the two deliver premium executive protection and transportation services as well as the joint development of specialised training programmes.
Gulf investors are playing an increasing central role in sustaining AI and private market deal flow, not as speculative entrants, but as strategic financiers of foundational technology infrastructure, a Standard Chartered report said.
Parsons Corporation has secured the infrastructure lead design consultancy contract from Saudi PIF-owned New Murabba Development Company for its mega project in the kingdom. The scope of work includes provision of design and construction technical support for New Murabba project.
As global spending on artificial intelligence (AI) is projected to exceed $2 trillion in 2026, senior government and industry leaders at a high-level panel discussion at the 27th edition of Intersec discussed how AI is quickly transitioning from 'deep tech' to everyday frontline operations in safety-critical environments.
UAE-based Transguard Group has sealed a partnership deal with Polaris, a premier provider of turnkey specialist services worldwide, that will see the two deliver premium executive protection and transportation services as well as the joint development of specialised training programmes.
Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, has officially inaugurated its Sitra service station in Bahrain. A fully integrated service destination, it features eight drive-thru units, 12 retail outlets with the mezzanine levels hosting a curated mix of international and local brands.
Bahrain Bourse (BHB), a licensed exchange by the Central Bank of Bahrain, has unveiled its strategic roadmap for 2026-2028, mainly designed to diversify market offerings, deepen liquidity and streamline market operations with the implementation of six key strategic pillars.
Arcapita Group Holdings, a global alternative investment firm, has announced a joint venture partnership with Cloud Capital, a leading global data center investment management firm, to acquire a 21MW data center located in Minneapolis, US, with plans to expand its capacity to 31 MW.
Kanoo Real Estate, a division of the Yusuf bin Ahmed Kanoo Group, has officially inaugurated its Sitra service station in Bahrain. A fully integrated service destination, it features eight drive-thru units, 12 retail outlets with the mezzanine levels hosting a curated mix of international and local brands.
Messe Frankfurt Middle East has officially unveiled Intersec Global, a new unified international brand that brings together the world’s leading security, safety, and resilience events under a single global platform. It will be the flagship event, fostering collaboration between the global portfolio of Intersec events.
As global spending on artificial intelligence (AI) is projected to exceed $2 trillion in 2026, senior government and industry leaders at a high-level panel discussion at the 27th edition of Intersec discussed how AI is quickly transitioning from 'deep tech' to everyday frontline operations in safety-critical environments.
