Global Infrastructure Partners (GIP), a part of BlackRock, will partner with L’IMAD, the Abu Dhabi National Oil Company (ADNOC) and Temasek, to launch an infrastructure investment partnership which will capitalise on the growing opportunities across the GCC and Central Asia.
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Saudi Arabia's total mining wealth is estimated at around SAR9.4 trillion ($2.5 trillion) as the mining sector continued its growing expansion as a key pillar in diversifying national economy in 2025.
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Abu Dhabi Projects and Infrastructure Centre (ADPIC) has confirmed that it is overseeing more than 500 capital projects across a broader programme value of $200 billion, with more than 40,000 homes set for delivery by 2029.
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The Abu Dhabi Projects and Infrastructure Centre (ADPIC) has announced a new infrastructure governance framework designed to accelerate approvals, strengthen coordination and enhance delivery across Abu Dhabi’s capital project ecosystem.
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For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
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Global travel and tourism is forecast to continue outpacing wider economic growth in 2026, with the sector expected to contribute $12 trillion to the world economy, accounting for 9.9% of global GDP, according to new data from the World Travel & Tourism Council.
DHL Express signed a 10-year offtake agreement with SAF One to source 250,000 metric tonnes of SAF from Bahrain starting in 2028, integrating the Middle East’s first SAF facility into DHL’s global network and supporting its 2030 sustainability targets.
Dubai developer Esnaad has announced the handover of its residential project in Mohammed Bin Rashid City, marking a key milestone in its journey in the emirate’s real estate market. The project comprises a ground floor, five residential floors, and a rooftop, offering a total of 50 one- and two-bedroom apartments.
Sharjah Islamic Bank (SIB) today announced the successful completion of its AED2.59 billion ($705.24 million) rights issue, which saw an oversubscription of 3.2 times.
Dubai Holding and the Investment Corporation of Dubai (ICD) have announced that Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties from ICD, increasing its total shareholding to 29.73 per cent and making it the company’s largest shareholder.
Sohar Titanium project in Oman has reached 90 per cent completion, marking its transition into the final development phase, said DUBAL Holding, the Dubai Government’s investment arm in commodities and industrial sectors.
Zain Group, a leading TechCo providing innovative ICT and digital communications in eight markets across the Middle East and Africa, recorded a consolidated revenue growth of 6% to reach KD569 million ($1.86 billion) for Q1 2026.
The Saudi Ministry of Hajj and Umrah has launched a global awareness campaign warning pilgrims against falling victim to fraudulent advertisements and "fake" Hajj permits.
Bank credit extended to the public and private sectors in Saudi Arabia continued its upward trajectory, reaching a record high of around SAR3.335 trillion ($888.9 billion) by the end of February.
Sdeira Group has signed a memorandum of understanding with Metal Park, the world’s first pay-as-you-go metals ecosystem located in KEZAD, to co-develop a customised staff accommodation community in KEZAD Al Mamourah A dedicated to Metal Park’s companies and the wider metals manufacturing and operations base.
Adnoc Logistics & Services (Adnoc L&S) reported Q1 2026 net profit rose 20 per cent year-on-year to $222 million, while revenue fell 10 per cent to $1.083 billion due to the scheduled completion of the Al Omairah Island mega project.
Arsenale Group’s Dream of the Desert, Saudi Arabia’s first ultra-luxury train, opened its Riyadh headquarters and appointed Raffaele Breschi as General Manager and CEO of Arsenale International, marking a key development milestone.
Adnoc Logistics & Services (Adnoc L&S) reported Q1 2026 net profit rose 20 per cent year-on-year to $222 million, while revenue fell 10 per cent to $1.083 billion due to the scheduled completion of the Al Omairah Island mega project.
For years, the technology industry sold artificial intelligence as a miracle solution that would cut costs, eliminate inefficiency and usher in a new era of productivity. But beneath the glossy presentations and billion-dollar valuations lies a more uncomfortable truth: AI is not cheap, writes Emmanuel Abara Benson in an Impact Newswire article.
Dividend Gate Capital, Bahrain-based private equity firm, plans first indoor ski academy with international partner, responding to rising skiing popularity among Bahrainis and GCC families, driven by increased winter travel to Europe and other destinations.
MedLab Training Institute, a UAE-based medical education provider specialising in cadaveric and simulation-based surgical training, has launched its new surgical training facility at Dubai Science Park, the region’s leading science-focused ecosystem and part of TECOM Group.
Manipal Academy of Higher Education (MAHE) Dubai Campus has unveiled NEXORA, a next-generation Artificial Intelligence lab designed to equip students with applied, real-world AI capabilities.
Snoonu, a fast-growing super-app, has been officially launched in Kuwait, marking a significant step in its expansion across the GCC.
Mint Gateway and Alternative Venture Capital, an affiliated company of Abu Dhabi Capital Group, have received In-Principle Approval from the Central Bank of the UAE to establish OMLA Community Bank, which will be headquartered in Umm Al Quwain with planned operations across the UAE.
Phoenix Group, an IHC portfolio company and global digital infrastructure operator, has announced a strategic partnership with DC Max to develop its first European AI data center, an 18MW facility in Lyon, France.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, on Wednesday announced that it has entered into a Sales and Purchase Agreement (SPA) to acquire 100% of the share capital of National Taxi, one of the UAE’s established taxi operators with operations in Dubai, Abu Dhabi, and Al Ain for a total enterprise value of AED1.45 billion ($394.83 million).
UAE-born interactive media platform Exscape, which surpassed 11 million downloads earlier this month, is reshaping the future of digital entertainment by introducing a new model of gaming centred on sustained user engagement and a “play-to-win” philosophy that rewards participation, consistency, and skill.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said that integrating AI into government work is a strategic priority for the next phase of the new UAE government framework project.
