SAUDI ARABIA, UAE SPEARHEAD GROWTH

Bahrain's non-oil exports of national origin hits $2.9bn in Q4 2025

Mon, 02 Feb 2026

The total value of non-oil exports (national origin) from Bahrain surged by 5% to hit BD1.1 billion ($2.9 billion) in Q4 2025 when compared to the previous year's figure of BD1 billion ($2.75 billion). The Kingdom of Saudi Arabia topped the non-oil exports list followed by UAE and the US, said a report.

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STRONG BALANCE SHEET EXPANSION

Mashreq posts 'exceptional' results; Net profit after tax hits $1.91bn

Mon, 02 Feb 2026

Mashreq, one of the leading financial institutions in the MENA region, has delivered exceptional results for the full year 2025, marked by transformational international expansion, record loan and deposit growth.

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TAGETING GLOBAL TALENT

Qatar launches two new residency visas for executives, entrepreneurs

Mon, 02 Feb 2026

Qatar has launched two new categories of Residency Visas for high growth entrepreneurs and senior executives, in line with Qatar’s ongoing efforts to strengthen its position as a leading global hub for talent, innovation and investment.

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INSIGHT

GCC Corporates Sector outlook 'neutral' due to strong fundamentals: Fitch

Wed, 28 Jan 2026

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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OPINION

AI moves from promise to proof as organisations face a defining year: Expert

Sat, 24 Jan 2026

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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Top This Week

Algeria inaugurates 950-km railway line linking Gara Djebilet iron ore mine

Mon, 02 Feb 2026

Algerian President Abdelmadjid Tebboune on Sunday inaugurated a 950-kilometre railway line linking the Gara Djebilet iron ore mine in the country’s far southwest to Bechar, marking the operational launch of one of Algeria’s largest strategic infrastructure projects since independence.

Fragile global growth seen amid heightened Middle East uncertainty

Mon, 02 Feb 2026

The global economy is expected to grow at a reasonable but not particularly exciting pace again this year, supported by easier monetary policy, fiscal stimulus in key economies and the continued artificial intelligence (AI) boom, but important downside risks remain in a volatile and unpredictable global environment, according to ACCA’s latest Global Economic Outlook.

GCC GDP topped $2.3 trillion in 2024; 9th globally

Mon, 02 Feb 2026

The GCC ranked ninth globally in Gross Domestic Product (GDP) at current prices in 2024, with a total output of approximately $2.3 trillion, confirming its position as an influential economic power at the international level.

GCC direct power grid interconnection with Oman launched

Mon, 02 Feb 2026

The Gulf Cooperation Council Interconnection Authority has announced the start of implementation of the direct electricity interconnection project linking the GCC grid with Oman’s network, marking a major step in regional energy integration and infrastructure development.

Bahrain, Bermuda explore deeper economic co-operation

Sun, 01 Feb 2026

Bermuda, a British island territory in the North Atlantic Ocean, and the Kingdom of Bahrain discussed ways to deepen collaboration in multiple potential sectors. The duo highlighted key sectors where the two island economies could boost economic and financial ties.

Air India Express offers 5m seats in big sale

Sun, 01 Feb 2026

Air India Express has announced the launch of its ‘Xpress More Sale’ offering travellers discounts of up to 20% on domestic and international flights for travel through the end of 2026. These special fares are available for booking until February 5 with nearly five million seats up for grabs.

Kuwait names new finance, foreign ministers in key cabinet reshuffle

Sun, 01 Feb 2026

Kuwait cabinet has appointed a new finance and a new foreign minister in a limited cabinet reshuffle, reported the state news agency Kuna. Dr Yaqoub Al Sayed Yousef Al Refaei takes over the finance portfolio, while Jarrah Jaber Al Ahmad Al Sabah is the new foreign minister.

ManageEngine bets big on Middle East digitisation accelerates

Sun, 01 Feb 2026

With new data centres in the UAE and a growing footprint across energy, industrial and banking and finance sectors, Zoho Corporation’s enterprise IT arm, ManageEngine, is positioning the Middle East as a long-term growth engine

Alcaraz clinches maiden Australian Open title, completes career Grand Slam

Sun, 01 Feb 2026

Carlos Alcaraz capped a historic Australian Open campaign by defeating Novak Djokovic in the men’s singles final, clinching his maiden title at Melbourne Park and completing a career Grand Slam at just 22.

Umm Al Qura launches unified digital platform for Masar Destination investors

Mon, 02 Feb 2026

Saudi-based Umm Al Qura for Development & Construction Company has announced the launch of a unified digital platform for property ownership within its premium Masar Destination in Makkah through approved developers.

EWA launches new bill payment service through BenefitPay

Mon, 02 Feb 2026

Bahrain's Electricity and Water Authority (EWA), in collaboration with BENEFIT, has announced the launch of a new bill payment service through the BenefitPay app. The new service offers customers a more streamlined and convenient way to manage and settle their utility bills.

Wynn Al Marjan Island achieves key milestones; bridge set for 2026 opening

Mon, 02 Feb 2026

Wynn Al Marjan Island has reported steady progress across its integrated resort, marked by the advancement of 548-m- long Wynn Bridge, that will provide a direct connection between the resort and the wider UAE road network ahead of the resort's Spring 2027 opening.

Vedanta posts record Q3 profit on higher metal output; revenue hits $5.2bn

Mon, 02 Feb 2026

India-based Vedanta Limited, a leading global producer of metals, oil & gas, power and technology as well as critical minerals, has reported solid third-quarter profit helped by higher production across key businesses, while its revenue climbed 19% to record $5.2 billion.

Fragile global growth seen amid heightened Middle East uncertainty

Mon, 02 Feb 2026

The global economy is expected to grow at a reasonable but not particularly exciting pace again this year, supported by easier monetary policy, fiscal stimulus in key economies and the continued artificial intelligence (AI) boom, but important downside risks remain in a volatile and unpredictable global environment, according to ACCA’s latest Global Economic Outlook.

Wynn Al Marjan Island achieves key milestones; bridge set for 2026 opening

Mon, 02 Feb 2026

Wynn Al Marjan Island has reported steady progress across its integrated resort, marked by the advancement of 548-m- long Wynn Bridge, that will provide a direct connection between the resort and the wider UAE road network ahead of the resort's Spring 2027 opening.

Thumbay University Hospital achieves heart bypass surgery milestone

Mon, 02 Feb 2026

Thumbay University Hospital in Ajman, UAE, has achieved a major clinical milestone with the successful completion of its first Coronary Artery Bypass Grafting (CABG) surgery, marking the beginning of advanced cardiac surgical services at the academic medical centre.

Amideast, Boeing launch new programme for future aerospace talent

Mon, 02 Feb 2026

Amideast and Boeing have launched AeroSTAR, a new educational programme designed to prepare high school students across the Middle East and North Africa for future careers in aerospace.

IKEA Saudi Arabia and Bahrain signs deal with HITEK AI to deploy HSSE digital platform

Wed, 28 Jan 2026

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.

EWA launches new bill payment service through BenefitPay

Mon, 02 Feb 2026

Bahrain's Electricity and Water Authority (EWA), in collaboration with BENEFIT, has announced the launch of a new bill payment service through the BenefitPay app. The new service offers customers a more streamlined and convenient way to manage and settle their utility bills.

Siemens opens first Digital Industries Software office in Saudi Arabia

Mon, 02 Feb 2026

Siemens, a industrial technology major, has announced the official opening of its first Siemens Digital Industries Software office in Saudi Arabia, thus marking a significant step in its commitment to supporting the Kingdom's Vision 2030 and its rapidly expanding digital economy.

Saudi Arabia approves facial verification for ride-hailing drivers

Sun, 01 Feb 2026

Saudi Arabia’s Transport General Authority has approved the implementation of facial biometric verification for ride-hailing drivers, a measure due to be rolled out in the first quarter, as part of efforts to tighten regulation of passenger transport services.

SSH seals partnership with Oman Design Association

Mon, 02 Feb 2026

SSH, a leading master planning, infrastructure, building design and construction supervision firm, has partnered with the Oman Design Association (ODA), thus marking a significant step towards strengthening collaboration across Oman’s design and architecture sector.

Qatar launches two new residency visas for executives, entrepreneurs

Mon, 02 Feb 2026

Qatar has launched two new categories of Residency Visas for high growth entrepreneurs and senior executives, in line with Qatar’s ongoing efforts to strengthen its position as a leading global hub for talent, innovation and investment.

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