The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) have signed a memorandum of understanding (MoU) for the establishment of a pan African Gold Bank.
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Investors are likely to face a more demanding but opportunity-rich market in 2026 as they look to the year ahead to build and safeguard wealth, affirms the CEO of one of the world’s largest independent financial advisory organisations.
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Saudi Water Partnership Company (SWPC) has announced the financial close of Ras Mohaisen water desalination project in Makkah region with a total investment value of SAR2.57 billion ($684 million). Once operational, it will boast a 300,000 cu m/day production capacity.
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Rapid advances in artificial intelligence, shifting geopolitical dynamics and diverging monetary policy paths are reshaping the investment landscape as investors look ahead to 2026, according to a new Market GPS Investment Outlook from Janus Henderson Investors.
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The Royal Commission for Riyadh City (RCRC) has announced Package 3 of the Riyadh Main and Ring Road Axes Development Programme, comprising six major projects with a total budget of over SAR8 billion ($2 billion). This package is scheduled for completion within 4 years.
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Bahrain’s Electricity and Water Authority (EWA) has announced that the foundation stone has been laid for its Al Dur Solar Power Plant, a large-scale clean energy project featuring 135,000 solar panels. The 100MW plant is set for completion by Q3 next year.
e& UAE, the flagship telecom arm of global technology group e&, in partnership with ZTT, a leading provider of advanced fibre optic solutions, has announced the completion of the region’s first hollow-core fibre (HCF) field trial.
Saudi mining giant Maaden has entered into an agreement with Australian group Midana Exploration (Hancock) to set up a new joint venture for conducting mineral exploration, development and mining in licensed areas across the kingdom.
Riyadh's real estate market is undergoing profound transformation, driven by strategic shifts and Vision 2030 acceleration buoyed by the $22 billion metro; the 2.7 GW data centre pipeline and the $100 billion construction market, according to leading property expert JLL.
The food and non-alcoholic beverage sales in the Arab region (16 countries) is expected to have surged 8.6 percent to surpass $430 billion by the end of 2025, making up 4.2 percent of the global total, a figure which is projected to exceed $560 billion by 2029, a report said.
Saudi utility major Acwa Power has announced it has signed a $400 million contract with Azerbaijan State Water Resources Agency (ADSEA) to develop the country’s first large-scale water reverse osmosis (SWRO) desalination plant on the Caspian Sea.
Leading Indian wastewater treatment specialist VA Tech Wabag has emerged as the preferred EPC partner for the Hadda ISTP project in Saudi Arabia. Wabag is part of the winning developer consortium comprising Metito Utilities, Etihad Water and Electricity and SkyBridge.
The Mohammed bin Rashid Al Maktoum Solar Park hit a new milestone this year with its installed capacity soaring to 3.86GW of clean energy, following the addition of another 800MW. Projections indicate that the solar park’s total capacity will exceed 7.26GW by 2030.
Forbes Middle East has revealed its eighth annual 30 Under 30 list, celebrating the region’s most dynamic young leaders, innovative creators, and catalysts for change. Egyptians topped the list with 19 honourees, followed closely by 18 Saudis and 15 Lebanese.
Qatari Diar Egypt has announced that it has awarded one of the main construction packages for its premium CityGate New Cairo project to Egyptian builder Concrete Plus. The scope of work includes construction of 300 residential units in addition to infrastructure works.
NEOM Green Hydrogen Company (NGHC) and Fahd bin Sultan University announced the signing of a strategic Memorandum of Understanding that establishes a comprehensive three-year framework for cooperation in education, research and talent development within the region of Tabuk.
The Global Sustainable Tourism Council (GSTC) has announced the completion of the revision process for the GSTC Industry Standard for Hotels and Tour Operators, version 3.
The Saudi Ports Authority (Mawani) has signed a contract with Arabian Chemical Terminals to establish storage tanks for chemical and petrochemical materials at Jubail Commercial Port, with an investment exceeding SAR500 million on an area of 49,000 sq m.
Investors are likely to face a more demanding but opportunity-rich market in 2026 as they look to the year ahead to build and safeguard wealth, affirms the CEO of one of the world’s largest independent financial advisory organisations.
Work has begun on the Dhahrat Namar Park, a 35-km green corridor in southwest Riyadh being developed as part of the massive King Salman Park project. Spanning 2.4 million sq m, it features tree-lined pedestrian promenades, 52 km of walking trails and a 33-km cycling track.
Dr Mazen IVF Centre, a fertility clinic accredited by the UAE Ministry of Health, has received quality accreditation from Joint Commission International (JCI), a global body known for evaluating healthcare organisations against internationally accepted standards.
Silah Gulf, a portfolio company of Bahrain Mumtalakat and a leading customer experience and BPO service provider in the region, has opened subscriptions for its initial public offering (IPO), aiming to raise about BD2.9 million ($7.7 million).
Leading Kuwaiti developer Mabanee has signed an Islamic financing agreement worth KD104.8 million ($341 million) with a 60-month tenor. These funds will be used to first settle the existing financing facilities and then boost liquidity for its activities.
Oman’s Bank Nizwa has announced that it had successfully closed the 10th series of local currency sovereign sukuk worth RO200 million ($519 million), thus highlighting the bank’s expertise and leadership in Islamic finance and investment banking.
Saudi-based Merak Capital said it has completed a strategic investment in leading cybersecurity company DSShield. The investment comes as organisations across the kingdom accelerate digital adoption, cloud migration, and industrial automation.
Kia Corporation has announced that Hoo Gon Kim will assume the role of President of Kia Middle East and Africa (MEA), effective January 1, 2026.
Forbes Middle East has revealed its eighth annual 30 Under 30 list, celebrating the region’s most dynamic young leaders, innovative creators, and catalysts for change. Egyptians topped the list with 19 honourees, followed closely by 18 Saudis and 15 Lebanese.
Visit Qatar has announced the Middle East debut of FuelFest, the world-renowned automotive and entertainment festival, which will take place in Doha on January 23 at Katara South Parking.
