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
Read more
The UAE’s non-oil foreign trade reached approximately AED3.8 trillion ($1.03 trillion) in 2025, recording growth of 27% compared to 2024 and 44.3% compared to 2023. It also achieved growth of 65% and 97.4% compared to 2022 and 2021 respectively, exceeding twice the level of 2019.
Read more
Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA) has issued a resolution to consolidate the assets and investments of L’IMAD Holding Company, and the Abu Dhabi Developmental Holding Group (ADQ) under the umbrella of L’IMAD.
Read more
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.
Read more
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.
Read more
Global air cargo demand for 2025, measured in cargo tonne-kilometers (CTK), increased 3.4% compared to 2024, an IATA report said.
The global air passenger demand in 2025 (measured in revenue passenger kilometres or RPKs) rose 5.3% compared to 2024, according to an International Air Transport Association (IATA) report.
The Government of Ras Al Khaimah, represented by the Public Services Department, has signed a long-term Sewage Treatment Agreement (STA) with a consortium of companies, comprising Etihad Water and Electricity (EtihadWE), TAQA Water Solutions and Saur International.
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.
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.
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.
Lunate, a partner-led and independent global investment firm with $115 billion in assets under management, has appointed Mohamed Hassan Alsuwaidi, Founding Managing Director & Group Chief Executive Officer of ADQ, as Executive Chairman and Managing Partner, following his successful tenure at ADQ.
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.
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.
Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
The eight Opec+ countries—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—reviewed market conditions and outlook, reaffirmed their 2 November 2025 decision to pause production increases in March 2026 due to seasonality, and said 1.65 million bpd may return gradually, subject to conditions.
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.
Saleh Abdulaziz Al Rashed & Sons, a leading provider of construction materials, mining and industrial spare-parts solutions based in Saudi Arabia, has set a price range of up to SAR45 ($12) per share for its initial public offering (IPO) and launched the institutional book-building period.
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.
Dubai has approved a master plan to redevelop Umm Suqeim Beach into a landmark destination reflecting the emirate’s cultural identity. The scope of work includes the construction of six main gateways, 10 mobility hubs and 11 taxi pickup and drop-off points as well as a 38m observation tower.
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.
Kamco Invest, a regional non-banking financial powerhouse based in Kuwait, has signed a strategic agreement with New Jersey-based PGIM, the global asset management business of Prudential Financial (PFI), to enhance and expand its investment offerings across wealth and asset management.
Gulf Warehousing Company (GWC), one of the region’s leading logistics providers, has announced that it has sealed a strategic collaboration with Apify, a European cloud platform specialising in web data extraction, automation, and AI-driven workflows.
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.
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.
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.
