Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city.
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The global economic outlook has improved modestly but remains uncertain, with asset valuations, mounting debt, geoeconomic realignment and rapid artificial intelligence deployment creating both opportunities and risks, according to the World Economic Forum's latest Chief Economists’ Outlook, published on Friday.
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Critical Metals Corp (CRML), a leading critical minerals mining company, on Friday announced that it has executed a non-binding term sheet for the formation of a 50/50 joint venture with Tariq Abdel Hadi Abdullah Al-Qahtani & Brothers Company (TQB), a globally diversified industrial conglomerate group based in Saudi Arabia.
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The Gulf Cooperation Council (GCC) has taken a landmark step: the creation of a Unified GCC Civil Aviation Authority. This initiative isn’t just bureaucratic housekeeping — it’s an effort that we all hope will build a stronger, safer, and more efficient air transport system for the GCC.
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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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Overseas travel spend by Middle East residents is expected to grow by 6% per year until the end of the decade, when it will top $60 billion, according to the latest ATM Travel Trends Report.
Saudi sovereign wealth fund PIF has reached an agreement with Red Sea Aluminium Holdings (RSAH) to jointly develop an single integrated downstream aluminium complex in Yanbu. The duo aims to introduce advanced smelting and continuous-casting technologies to the Saudi market.
Members of the Dubai Chamber of Commerce recorded their highest-ever annual exports and re-exports in 2025, reaching AED356.5 billion ($97.07 billion), a growth of 15.1% compared to AED309.6 billion in 2024, it has been revealed.
BEEAH, a sustainability and innovation pioneer, and Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, have signed a Joint Development Agreement (JDA) to identify and develop utility-scale clean energy projects in Sharjah.
IHC, a global investment company focused on building dynamic value networks, has announced a strategic framework with the US International Development Finance Corporation (DFC) to mobilise transformational, private-sector investment across priority sectors and high-growth markets of mutual strategic interest.
Solico Group, one of the Middle East’s trusted food manufacturers, has expanded its regional footprint with the launch of SoFood, an AED130 million ($35.4 million) purpose-built production facility in Jebel Ali Free Zone (Jafza), Dubai.
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.
The World Bank projects that growth in Gulf Cooperation Council (GCC) states will rise to 4.4% in 2026 and 4.6% in 2027.
Arada, a leading regional developer, has unveiled Inaura, an urban fitness-led hospitality and residences concept in Dubai.
Saudi-based Umm Al Qura for Development and Construction Company has awarded major contracts worth SAR4.1 billion ($1.1 billion) to Mobco and BEC Arabia Contracting Company for the completion of two major development packages at its Masar Destination in Makkah city.
Abu Dhabi renewable energy group Masdar, said along with consortium partners - Al Khadra Partners, Korea Midland Power Company (Komipo) and OQ Alternative Energy - it has achieved the financial close for Ibri III, the first utility-scale solar and battery storage project in Oman.
Roads and Transport Authority (RTA) has announced the completion of Dubai International Airport Terminal I bridge expansion work. The scope of work included increasing the number of traffic lanes from three to four in bid to raise the bridge’s capacity from 4,200 vehicles per hour to 5,600 vehicles per hour.
Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global established to promote the growth and development of Abu Dhabi Global Market, has announced a strategic partnership with Bain Capital, one of the world’s leading private investment firms.
The Gulf Cooperation Council (GCC) has taken a landmark step: the creation of a Unified GCC Civil Aviation Authority. This initiative isn’t just bureaucratic housekeeping — it’s an effort that we all hope will build a stronger, safer, and more efficient air transport system for the GCC.
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.
Global industry leaders, senior policymakers and investors will be in Riyadh to discuss ways to strengthen waste and water systems, advance circular economy models and support long-term environmental resilience at the IFAT Saudi Arabia Summit which kicks off this month.
Dubai's Roads and Transport Authority (RTA) has partnered with global tech company Yango Group to launch a key initiative, aimed at making the daily school commute more safer, affordable and easier for families. Rolled out this week, the pilot project offers parents a cost-conscious alternative to private car journeys and traditional school transport.
Canon has made two key leadership appointments covering its EMEA and Central and North Africa regions.
Abu Dhabi Catalyst Partners (ADCP), a joint venture between Mubadala Capital and Alpha Wave Global established to promote the growth and development of Abu Dhabi Global Market, has announced a strategic partnership with Bain Capital, one of the world’s leading private investment firms.
ITC Infotech, a leading global technology services provider, has announced the inauguration of its Digital & AI Engineering Hub in Riyadh, as the company completes 15 years of operations in the Middle East.
Dubai's Roads and Transport Authority (RTA) has partnered with global tech company Yango Group to launch a key initiative, aimed at making the daily school commute more safer, affordable and easier for families. Rolled out this week, the pilot project offers parents a cost-conscious alternative to private car journeys and traditional school transport.
Saudi Arabia's General Entertainment Authority (GEA) has announced the launch of the second annual “Million Riyal Menu,” sponsored by Riyadh Season.
A group of participants in the 11th edition of the Dubai International Project Management Forum (DIPMF) visited a range of Dubai’s iconic landmarks, flagship projects and distinguished initiatives, encompassing both newly launched developments and long-established destinations.
