US President Donald Trump has signalled a possible opening for talks with Iran even as Washington significantly bolsters its military presence in the Middle East, keeping pressure on Tehran amid escalating tensions over Iran’s nuclear programme and internal unrest.
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Etihad Rail, the developer of the UAE National Railway Network, has joined hands with IronLev, a high-tech Italian company, to launch a first-of-its-kind magnetic levitation trial in the Middle East, thus introducing a new vision for the future of sustainable rail transport in the region.
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Saudi Arabia has launched a new National Privatization Strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification in line with Saudi Vision 2030.
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Fitch Ratings has assigned 'neutral' 2026 sector outlook for the Gulf Cooperation Council (GCC) Corporates sector, reflecting steady earnings due to ongoing government-led capex in infrastructure and energy.
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After years of bold ambition and heavy investment, artificial intelligence adoption in both Saudi Arabia and UAE is entering a more performance-driven phase amid reports that AI could contribute $135 billion to the kingdom’s economy and $96 billion to the emirates' economy by 2030, said an expert.
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The Central Bank of the UAE (CBUAE) and the Central Bank of Bahrain (CBB) have decided to maintain their overnight deposit rate unchanged.
US President Donald Trump on Wednesday urged Iran to return to negotiations over its nuclear programme, warning that any next US military response will be far more destructive than the previous ones.
Kuwait Petroleum Corporation (KPC) is set to launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, said a report. The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf’s diversification plans.
Saudi Arabia is drafting plans to expand its premium residency programme to a wider group of high-value individuals, including superyacht owners, buyers of homes in flagship Vision 2030 developments and top-performing students, Reuters said quoting a person with direct knowledge of the matter.
Emirates Building Systems (EBS), a wholly owned subsidiary of Dubai Investments and one of the Middle East’s leading manufacturers of steel structures, has been awarded a major contract to deliver the full structural steel package for the Sayyid Tarik Bin Taimur Cultural Complex, one of Oman’s most significant upcoming cultural developments.
Emirates and Marriott International, have signed an agreement to open Emirates Wolgan Valley, a Ritz-Carlton Lodge - a 40-key all-inclusive luxury lodge set to be situated on a 7,000-acre conservancy in Australia’s Greater Blue Mountains World Heritage area.
The UAE-headquartered Al Habtoor Group, one of the region’s largest conglomerates in the region, has taken the decision to proceed with the closure of its operations in Lebanon in light of the prevailing conditions in the country, and following a comprehensive internal review.
Sultan Haitham City, a mega development in Muscat, has issued three new construction tenders under Package Nine of its development programme that involves streetscaping and landscaping of main roads and construction of the city’s Central Park and Wadi, said a report.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, today announced a record group net profit of AED21.11 billion ($5.75 billion), up 24% year-on-year (yoy).
Global engineering and professional services firm WSP has announced that it has signed an agreement with Saudi Authority for Industrial Cities and Technology Zones (Modon) to develop its carbon neutrality strategy, a defining step towards achieving net-zero across its industrial cities, in alignment with Saudi Arabia’s national climate ambitions.
Security, scale and pragmatism took centre stage on the third day of India Energy Week 2026, as policymakers and industry leaders outlined a data-driven, realistic roadmap for the energy transition of the world’s fastest-growing major energy market, said the event organisers.
UAE national carrier Etihad Airways is set to launch its first-ever nonstop flights from Abu Dhabi to Calgary this November, creating a new strategic air link between the Middle East and Western Canada. The route will be operated by Etihad’s Boeing 787-9 Dreamliner.
Ghitha Holding, a diversified conglomerate spanning agriculture, food production, and distribution, and a subsidiary of 2PointZero, reported a revenue increase of 13.5% YoY to AED5.6 billion ($1.52 billion) in the year ended December 31, 2025.
Fitch Ratings has assigned 'neutral' 2026 sector outlook for the Gulf Cooperation Council (GCC) Corporates sector, reflecting steady earnings due to ongoing government-led capex in infrastructure and energy.
Abu Dhabi developer Miral has announced that 28% work has been completed on Topgolf, a major leisure and entertainment offering on Yas Island, and is on track for timely completion later this year. It is being developed in partnership with Viya, the franchise partner of Topgolf.
Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced the opening of the second phase of the Tamer Mölnlycke Care factory in Jeddah. A strategic joint venture of Swedish medical device company Mölnlycke, it will see the production grow two-fold to 500,000 per year.
Lockheed Martin has opened a major software factory in Riyadh to introduce the global defence major’s hitech software development ecosystem to the kingdom. Also it is setting up an in-country Talent Studio to boost digital and enterprise capabilities within the Saudi workforce.
Middle East-based HITEK AI, a part of the Farnek group of companies, has signed a three-year SAFETEK Services Agreement with Ghassan Ahmed Al Sulaiman Furniture Trading Co (IKEA Saudi Arabia and Bahrain), marking a major step in IKEA’s commitment to elevating Health, Safety, Security, and Environmental (HSSE) governance.
Abu Dhabi Commercial Bank (ADCB) recorded a net profit after tax of AED11.445 billion ($3.12 billion) in FY2025, marking 22 percent year-on-year growth, while Q4 net profit reached AED3.342 billion.
AD Ports Group has announced that its digital arm, Maqta Technologies, has signed a partnership deal with US-based BigBear.ai, a leading provider of mission-ready AI for national security, to explore and develop next generation AI-powered digital trade, customs and logistics solutions.
Gatik has become the first company in North America to deploy fully driverless trucks in commercial operations, thus marks a new era for autonomous trucking, moving the technology beyond limited pilots to sustained, revenue-generating operations that are boosting the regional supply chains.
Merit, a global engagement and incentives technology company headquartered in Riyadh, has announced the acquisition of Synchro Marketing, an Australian market leader in sales incentive programmes for the automotive and oil & gas sectors.
Diriyah Company has been awarded the prestigious British Safety Council Sword of Honor for achieving a Five-Star Occupational Health and Safety Audit rating, becoming the first developer in the region to receive this certification.
