SPOTLIGHT

Millions of jobs at risk from AI adoption, says UNDP report

Wed, 03 Dec 2025

Millions of jobs, especially those held by women and young people, face significant exposure to automation, if core principles of ethical and inclusive governance of Artificial intelligence (AI) are not considered, said a new report from the United Nations Development Programme (UNDP).

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TRADE GROWTH PUT AT 2.4 %

Global goods imports hit by tariffs jump 4-fold to $2.6trn

Wed, 03 Dec 2025

Imports worldwide worth $2,640 billion, or 11.1 per cent of total imports, were affected primarily by tariffs along with other trade measures introduced between mid-October 2024 and mid-October 2025 - more than four times the $611 billion coverage recorded in the preceding period, said a Word Trade Organization report.

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MAJOR GROWTH ENGINE

Green economy set to break $7 trillion barrier by 2030, says report

Tue, 02 Dec 2025

With green revenues growing twice as fast as conventional revenues, the global green economy has topped $5 trillion and is set to exceed $7 trillion by 2030, creating an abundance of growth opportunities for businesses worldwide, said a report.

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UAE tops in GDP growth in GCC; non-oil's share now 77.5%

Tue, 02 Dec 2025

The 54th UAE Eid Al Etihad arrives this year crowned with exceptional economic and tourism achievements that reflect the vision of the UAE’s leadership and the strength of the Union, said Abdulla bin Touq Al Marri, Minister of Economy and Tourism.

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INSIGHT

 Middle East life-sciences M&A set to accelerate amid Gulf innovation push: report

Thu, 27 Nov 2025

A sharp rise in life-sciences mergers and acquisitions (M&A) are likely across the Middle East as Gulf governments intensify efforts to build a globally competitive biotech and health-technology manufacturing base, according to a new Grand View Research study.

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Top This Week

Abu Dhabi seeks bids for light rail transit line

Sun, 30 Nov 2025

Abu Dhabi Transport (ADT) has invited EoIs from rolling stock manufacturers and civil engineering contractors to provide the design and build services for the Abu Dhabi Light Rail Transit Line 4 (LRT4) project. On completion, the 19-km-long network will have 23 stops.

UAE cabinet approves $707m housing package for 2025

Sun, 30 Nov 2025

The UAE cabinet has approved 3,567 housing packages for Emirati citizens worth a total AED2.6 billion ($707 million) during 2025, including 524 presidential grants; 623 government housing as well as 2,388 housing financing decisions.

Network International buys Rakbank’s merchant acquiring business

Sat, 29 Nov 2025

Network International (Network), a leading fintech company with operations across the Middle East and Africa (MEA) region, said it has reached an agreement with leading UAE group Rakbank to buy its merchant acquiring business in the emirates.

Global airlines scramble to fix Airbus A320 software glitch; flights affected

Sat, 29 Nov 2025

Global airlines scrambled to fix a newly identified software glitch flagged by Airbus in its A320 family of aircraft, and although many carriers rushed to apply the update overnight, the issue still triggered widespread disruption to flight operations around the world.

Strabag lands $118m Oman transport infrastructure project

Sat, 29 Nov 2025

Strabag has announced that it has secured a €102 million ($118 million) transport infrastructure project in Muscat, Oman. The scope of work involves widening of a major street, building of a flyover and underpasses as well as redesigning roundabouts into intersections.

Global air passenger demand growth surges 6.6% in October

Fri, 28 Nov 2025

Total global passenger demand, measured in revenue passenger kilometres (RPK), was up 6.6% in October 2025 compared to October 2024, said International Air Transport Association (IATA) data.

Salone del Mobile.Milano launches in Riyadh for first time

Fri, 28 Nov 2025

The first edition of “Salone del Mobile.Milano” in Riyadh, which opened on November 26 under the theme ‘Red in progress’, will conclude today (November 28) at King Abdullah Financial District (KAFD).

ABB opens AI and digital solutions training centre in UAE

Thu, 27 Nov 2025

ABB opened a $2-million training and customer experience facility in the UAE to develop digital and engineering skills for industrial, power and utility applications across the Middle East.

Bahrain inks deal to extend PPA for 950MW power plant

Thu, 27 Nov 2025

Bahrain's Electricity and Water Authority (EWA) has signed an agreement to extend the power purchase agreement (PPA) with Al Ezzel Power Company, one of Bahrain’s independent power producers, for its key 950MW power plant in the Hidd region.

Mirage named project management consultant for RAK mixed-use project

Tue, 02 Dec 2025

Mirage, a leading multidisciplinary engineering group, has been appointed as the project management consultant for Janu Hotel & Branded Residences on Al Marjan Island in Ras Al Khaimah. It comprises a 132-key upscale hotel, five premium villas and 73 residential units.

Winners of 2025 Young Scientist Award announced

Wed, 03 Dec 2025

The five winners of the 2025 edition of the Young Scientist Award were announced at a ceremony in Brussels. Held annually since 2018, the competition rewards studies, applications and analytical investigations of early-career scientists in the hydrogen and fuel cell sector.

Mirage named project management consultant for RAK mixed-use project

Tue, 02 Dec 2025

Mirage, a leading multidisciplinary engineering group, has been appointed as the project management consultant for Janu Hotel & Branded Residences on Al Marjan Island in Ras Al Khaimah. It comprises a 132-key upscale hotel, five premium villas and 73 residential units.

Aerzen acquires GPE Turbo

Wed, 03 Dec 2025

Aerzen has acquired GPE Turbo, strengthening its technological leadership and expanding its market position. The move broadens Aerzen’s process gas portfolio, adding advanced capabilities and customised engineering solutions while enhancing global sales and service support for high-performance blower, compressor, and turbo applications.

Millions of jobs at risk from AI adoption, says UNDP report

Wed, 03 Dec 2025

Millions of jobs, especially those held by women and young people, face significant exposure to automation, if core principles of ethical and inclusive governance of Artificial intelligence (AI) are not considered, said a new report from the United Nations Development Programme (UNDP).

Elie Saab Maison seals partnership with luxury interiors group Aati

Sun, 30 Nov 2025

Global iconic fashion brand Elie Saab Maison and Aati, a part of Al Tayer Insignia and a leading name in luxury interiors, have announced their new partnership marked by the opening of dedicated Elie Saab Maison showroom spaces in Dubai.

 Middle East life-sciences M&A set to accelerate amid Gulf innovation push: report

Thu, 27 Nov 2025

A sharp rise in life-sciences mergers and acquisitions (M&A) are likely across the Middle East as Gulf governments intensify efforts to build a globally competitive biotech and health-technology manufacturing base, according to a new Grand View Research study.

Silah Gulf shines spotlight on female strength on Bahraini Women's Day

Tue, 02 Dec 2025

Silah Gulf, a leading customer experience solutions provider, celebrated Bahraini Women’s Day this year under the slogan 'Bahraini Women: Excellence, Creativity, Innovation,' honoring the impactful contributions, leadership, and innovation of its female employees.

AFS shines at Jewellery Arabia 2025 with 160% payment boost

Tue, 02 Dec 2025

Arab Financial Services (AFS) said it has delivered a standout performance at Jewellery Arabia 2025, supporting seamless digital payments across the five-day event, recording 160% payment growth, one of the strongest years in terms of both domestic and global activity.

Mubadala, Glenwood Private Equity complete investment in NanoH2O

Wed, 03 Dec 2025

Glenwood Private Equity, a leading Korea-based investment firm, and Mubadala Investment Company, an Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co (formerly known as LG Water Solutions and a division of LG Chem).

G42 welcomes US approval for advanced AI chip exports; boost to key projects

Tue, 02 Dec 2025

G42, an artificial intelligence development company based in Abu Dhabi, has welcomed the US decision to authorise the export of advanced AI semiconductors to G42.

NAVA teams up with Ceer to launch EV tech diploma in Saudi Arabia

Mon, 01 Dec 2025

The National Automotive and Vehicles Academy (NAVA), a key venture of Saudi PIF, has signed a strategic agreement with the kingdom's first automotive company Ceer to launch an intermediate diploma programme in automotive manufacturing technology.

Buro Happold named lead design consultant for Expo 2030 Riyadh

Mon, 01 Dec 2025

Buro Happold has announced that it has been signed up as the lead design consultant for the detailed master plan of the mega Expo 2030 Riyadh as well as for the design of public realm, landscape, infrastructure and its utilities and the Expo legacy.

Mubadala, Glenwood Private Equity complete investment in NanoH2O

Wed, 03 Dec 2025

Glenwood Private Equity, a leading Korea-based investment firm, and Mubadala Investment Company, an Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co (formerly known as LG Water Solutions and a division of LG Chem).

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