BUDGET DEFICIT SEEN AT $44bn

KSA's 2026 funding needs put at $57.85bn; borrowing plan approved

Mon, 05 Jan 2026

Saudi Arabia's Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan has approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the Board of Directors of NDMC.

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TARGETS COLOMBIA

Trump issues warning to other Latin American countries

Mon, 05 Jan 2026

US President Donald Trump has indicated that further interventions in Latin America is possible, just days after the United States confirmed the capture of Venezuelan President Nicolás Maduro.

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A WARNING SAYS TRUMP

Maduro brought to US after 'stunning' Venezuelan operation

Sun, 04 Jan 2026

Deposed Venezuelan leader Nicolás Maduro arrived in the US to face criminal charges after being captured in an audacious nighttime military operation that President Donald Trump said would set the US up to ‘run’ the South American country and tap its vast oil reserves to sell to other nations.

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ANALYSIS

Investing in 2026 will reward judgment, not comfort: deVere CEO

Tue, 30 Dec 2025

Investors are likely to face a more demanding but opportunity-rich market in 2026 as they look to the year ahead to build and safeguard wealth, affirms the CEO of one of the world’s largest independent financial advisory organisations.

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INSIGHT

AI, policy divergence to shape global investment outlook in 2026

Tue, 30 Dec 2025

Rapid advances in artificial intelligence, shifting geopolitical dynamics and diverging monetary policy paths are reshaping the investment landscape as investors look ahead to 2026, according to a new Market GPS Investment Outlook from Janus Henderson Investors.

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Top This Week

UAE raises minimum wage for Emiratis to AED6,000 per month

Thu, 01 Jan 2026

The UAE Ministry of Human Resources and Emiratisation (MoHRE) has increased the minimum wage for Emiratis employed in the private sector to AED6,000 per month, effective January 1.

India’s KP Group eyes $4bn investment in Botswana’s clean energy sector

Wed, 31 Dec 2025

KP Group, a leading renewable energy company, has signed an agreement with African nation of Botswana to collaborate on large-scale renewable energy generation, energy storage and transmission infrastructure, involving an estimated capital investment of Rs360 billion ($4 billion).

Nesma lands Expo 2030 Riyadh main utilities, civil works package

Wed, 31 Dec 2025

Nesma and Partners, a leading provider of integrated project solutions, has secured the main utilities and civil works package for Expo 2030 Riyadh. The scope of work includes construction of roads within the Expo site and installation of essential utilities.

Alfanar Engineering to build key manufacturing facility in Yanbu

Wed, 31 Dec 2025

Alfanar Engineering Services has signed a land lease agreement with the Royal Commission for Jubail and Yanbu to set up a large-scale specialised facility in Yanbu Industrial City, dedicated to the manufacturing and maintenance of electric motors.

Emirates serves 55.6 million passengers in 2025

Wed, 31 Dec 2025

Emirates moved 55.6 million customers, circled Earth 29,290 times on nearly 180,580 flights, and placed orders for 73 new aircraft in 2025.

Doha named 2026 GCC Tourism Capital

Wed, 31 Dec 2025

The committee responsible for the GCC Tourism Capital has officially announced Doha as the GCC Tourism Capital for 2026, within the framework of strengthening joint tourism cooperation among GCC member states.

Saipem snaps up $600m Saudi Aramco offshore contracts

Wed, 31 Dec 2025

Saipem, a global leader in the engineering and construction of major projects, has secured $600 million offshore contracts from Saudi oil giant Aramco. The scope of work includes EPCI services for 34km of pipeline as well as 300m of onshore pipeline network in Saudi Arabia.

Gold set for best year in nearly half a century

Wed, 31 Dec 2025

Gold was steady on Wednesday but remained on track for its strongest annual gain in over four decades, while other precious metals fell sharply as investors booked profits after a strong, record-setting rally.

Eco-luxury hospitality destination Nomad opens in Kalba

Wed, 31 Dec 2025

Nomad, Sharjah’s new eco-luxury hospitality destination in Kalba, will receive first guests today (December 31).

$264m development projects launched in Al-Ahsa

Mon, 05 Jan 2026

Saudi Arabia's Eastern Province Governor Prince Saud bin Naif bin Abdulaziz has launched a set of municipal and development projects in Al-Ahsa Governorate, with a total cost of SAR992 million ($264.47 million).

QatarEnergy secures major LNG supply contract from Egypt

Sun, 04 Jan 2026

QatarEnergy has announced that it has secured an agreement from Egyptian Natural Gas Holding Company (EGAS) for the supply of up to 24 LNG cargoes this summer. The deal paves the way for continued co-operation between the two in the energy sector.

Emrina in deal with Chinese-Saudi group to set up motel projects JV

Sun, 04 Jan 2026

Emrina, a major company that represents leading global brands in Turkey, has entered into a deal with China Railway Assembly Xinjiang Construction and Le Park Concord for setting up a joint venture company that will develop a total of 60 motel projects across Saudi Arabia.

QatarEnergy secures major LNG supply contract from Egypt

Sun, 04 Jan 2026

QatarEnergy has announced that it has secured an agreement from Egyptian Natural Gas Holding Company (EGAS) for the supply of up to 24 LNG cargoes this summer. The deal paves the way for continued co-operation between the two in the energy sector.

Investing in 2026 will reward judgment, not comfort: deVere CEO

Tue, 30 Dec 2025

Investors are likely to face a more demanding but opportunity-rich market in 2026 as they look to the year ahead to build and safeguard wealth, affirms the CEO of one of the world’s largest independent financial advisory organisations.

Diriyah Square announces key expansion with eight new lifestyle brands

Sun, 04 Jan 2026

Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has announced the addition of eight new lifestyle brands to its premium project Diriyah Square, keeping in pace with ongoing construction progress across its over 400 retail and dining outlets.

UK-Swiss team develops first human 'lung-on-chip' model using stem cells

Sat, 03 Jan 2026

Researchers at the Francis Crick Institute, a biomedical research centre based in London, and AlveoliX, a leading Swiss biotechnology company, have developed the first human 'lung-on-chip' model using genetically identical cells derived from stem cells taken from a single donor.

Serco names new Saudi corporate services head

Wed, 31 Dec 2025

Serco has appointed Maryam Alamasi as the new Head of Corporate Services for Saudi Arabia. An industry veteran, she has more than 18 years of experience in digital transformation, enterprise architecture and large-scale programme delivery.

Diriyah Square announces key expansion with eight new lifestyle brands

Sun, 04 Jan 2026

Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has announced the addition of eight new lifestyle brands to its premium project Diriyah Square, keeping in pace with ongoing construction progress across its over 400 retail and dining outlets.

KSA's 2026 funding needs put at $57.85bn; borrowing plan approved

Mon, 05 Jan 2026

Saudi Arabia's Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan has approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the Board of Directors of NDMC.

SDAIA starts work on world’s largest government data centre in Riyadh

Fri, 02 Jan 2026

Saudi Data and Artificial Intelligence Authority (SDAIA) has laid the foundation stone for its ‘Hexagon’ Data Centre on a 30 million sq ft area in Riyadh. Once completed, the key 480MW facility will become the world’s largest government data centre by capacity.

Daimler Truck OEM nod for Al Maha Petroleum diesel engine oil

Thu, 01 Jan 2026

Oman-based Al Maha Petroleum Products Marketing Company has announced that its heavy-duty diesel engine oil, Ampro Dextra 15W40 CI-4, has obtained DTFR approval from Daimler Truck, confirming its official OEM approval for use in Mercedes-Benz Trucks.

Nesma lands Expo 2030 Riyadh main utilities, civil works package

Wed, 31 Dec 2025

Nesma and Partners, a leading provider of integrated project solutions, has secured the main utilities and civil works package for Expo 2030 Riyadh. The scope of work includes construction of roads within the Expo site and installation of essential utilities.

Bahrain begins term as United Nations Security Council member

Sat, 03 Jan 2026

The Kingdom of Bahrain has begun its term as a non-permanent member of the United Nations Security Council for 2026-2027 with Ambassador Jamal Fares Al Rowaiei, Permanent Representative of Bahrain to the United Nations in New York joining the council.

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