A consortium of Elsewedy Electric and Siemens Energy has achieved a major milestone in the expansion of Saudi Arabia’s Rabigh 1 power plant following the signing of a SAR5.3 billion ($1.4 billion) energy conversion agreement by Saudi Electricity Company (SEC) and Saudi Power Procurement Company (SPPC), acting as principal buyer
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Qatar's Public Works Authority (Ashghal) has announced progress on 20 new projects with a total estimated value of QR11.5 billion ($3.16 billion).
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Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has announced solid results for FY 2025, recording a net profit of BD219 million ($582 million), up 18.5% over the previous year, on the back of higher production and record sales volume despite market challenges.
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The US has positioned forces in the Gulf region, pressuring Iran to accept a set of US demands. Diplomatic channels remain open, but miscalculation by either party could result in an escalation. CIO Office Viewpoint from Lombard Odier examines the potential implications if US-Iran tensions were to escalate.
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Franklin Templeton, one of the world’s largest global asset managers, said investors should expect a prolonged period of more divergent investment outcomes across markets, with increasingly uneven performance across asset classes and strategies, as global markets adapt to structural shifts in interest rates, capital allocation and technology adoption.
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Indian-owned businesses continued to top the list of new foreign companies joining the chamber during 2025, revealed a new analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers.
Dubai Holding and Nord Anglia Education, a leading international schools organisation, today announced plans to develop and operate state-of-the-art premium K-12 schools across Dubai.
UAE-based Azizi Developments said its industrial arm, Azizi Industries, has signed a major contract with global industrial leader Pomini to build a new greenfield rebar rolling mill with a 600,000-tonne per annum capacity in Khalifa Economic Zones Abu Dhabi (KEZAD).
Amarak Chemicals FZC, an associate company of the Aries Group of Companies, has commenced operations at a fully automated sulphur manufacturing facility at Jebel Ali Free Zone (Jafza) in Dubai.
Mammoet, a leader in heavy lifting or transport challenge, has safely completed the weighing, transport, and loadout of 24 PAU and PAR modules for a major gas development project in the UAE.
Emsteel Group, one of the region’s largest publicly traded integrated steel and building materials manufacturers, and Oldendorff Carriers have announced the signing of a new long-term freight agreement covering the import of Emsteel’s key raw materials to the UAE.
Bahrain and the United Arab Emirates (UAE) will officially activate the first phase of a long-planned one-stop air travel system today (February 17), launching a significant step towards seamless mobility within the GCC.
Qiddiya Investment Company has announced that work has begun on the Performing Arts Centre within its mega development, Qiddiya City, thus marking an important milestone in the development of Qiddiya City as a destination for entertainment, sports and culture.
Omniyat Group, the UAE-based diversified multi-brand real estate group, reported total sales of AED20 billion ($5.4 billion) across the group in 2025.
ArcelorMittal Projects, part of the world-leading steel and mining group ArcelorMittal, has announced plans to establish its third plant at the Hamriyah Free Zone in Sharjah, spanning over a 1.4 million sq ft area. The operations are set to begin at the facility later this year.
A consortium of Elsewedy Electric and Siemens Energy has achieved a major milestone in the expansion of Saudi Arabia’s Rabigh 1 power plant following the signing of a SAR5.3 billion ($1.4 billion) energy conversion agreement by Saudi Electricity Company (SEC) and Saudi Power Procurement Company (SPPC), acting as principal buyer
King Fahd International Airport in Dammam, recognised by Guinness World Records as the largest airport in the world by area, has introduced a state-of-the-art navigation system, marking the first Category III Instrument Landing System upgrade in Saudi Arabia.
ArcelorMittal Projects, part of the world-leading steel and mining group ArcelorMittal, has announced plans to establish its third plant at the Hamriyah Free Zone in Sharjah, spanning over a 1.4 million sq ft area. The operations are set to begin at the facility later this year.
The US has positioned forces in the Gulf region, pressuring Iran to accept a set of US demands. Diplomatic channels remain open, but miscalculation by either party could result in an escalation. CIO Office Viewpoint from Lombard Odier examines the potential implications if US-Iran tensions were to escalate.
Al Ghurair Collection, the residential portfolio of Al Ghurair Development, has appointed Brewer Smith Brewer Group (BSBG) as the lead consultant and structural engineer, and Turner & Townsend as project management consultant for Wedyan, its waterfront residence on Dubai Canal.
Saudi Arabia has announced the launch of Namaa Endowment Fund, aimed at strengthening the sustainability of the non-profit sector within the kingdom’s environmental system. It seeks to boost the non-profit sector’s contribution to GDP and promote environmental and water sustainability.
Smart Accommodation for Residential Complexes Company (sarcc), a unit of Saudi sovereign wealth fund PIF, has signed a Heads of Terms (HoT) agreement with Tamimi Global for the development of a 4,000-bed staff accommodation project in northern Riyadh.
Italian luxury furniture brand Miki Ferrari has entered the Middle East market with the opening of its first regional showroom in Sharjah. The new store showcases its contemporary Italian furniture in a warm and welcoming space reflective of its innovative approach to design and craftsmanship.
National Bank of Bahrain (NBB) has reported a 4% increase in its net profit attributable to the shareholders for the year ended 31 December 2025, reaching a record BD85.1 million ($225.7 million). The fourth quarter net profit was up 12% to BD18.2 million.
Dell Technologies and Ooredoo have announced the signing of a memorandum of understanding (MoU) to deliver and power modern AI services.
Al Habtoor Motors, the exclusive distributor of Mitsubishi Motors in the UAE, recently hosted an immersive driving experience at the prestigious Dubai Autodrome, inviting leading media representatives and digital influencers to get behind the wheel of the All-New Mitsubishi Destinator.
Bahrain, Saudi Arabia and the UAE have declared that Wednesday (February 18) will be the first day of Ramadan 1447 AH.
Bahrain, Saudi Arabia and the UAE have declared that Wednesday (February 18) will be the first day of Ramadan 1447 AH.
