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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Saudi Arabia's National Investment Strategy aims to attract SAR92 billion ($24.53 billion) in investments in the mining sector between 2025 and 2030, said Minister of Investment Khalid Al-Falih.
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.
Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period.
Archer and Patterson-UTI) have entered into an agreement for Archer to rent 2 high spec drilling rigs from Patterson-UTI.
Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period.
Saudi National Shipping Company (Bahri) has announced its new board of directors with Sarah Jammaz Al Suhaimi taking over as its Chairperson and Abdullah Mohammed Al Zamil as the Vice Chairperson. Al Suhaimi had earlier scripted history becoming the first woman CEO of Saudi Stock Exchange.
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.
Oman's National University of Science and Technology has announced that work has begun on its new university campus at Sultan Haitham City located within the Muscat governorate. Spanning 31,890 sq m area, the key facility will have the capacity to accommodate 2,435 students.
Canon has made two key leadership appointments covering its EMEA and Central and North Africa regions.
Saudi National Shipping Company (Bahri) has announced its new board of directors with Sarah Jammaz Al Suhaimi taking over as its Chairperson and Abdullah Mohammed Al Zamil as the Vice Chairperson. Al Suhaimi had earlier scripted history becoming the first woman CEO of Saudi Stock Exchange.
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.
Arabian Contracting Services Company (Al Arabia) has announced that it has won Cluster 2 Airports Company's bid for setting up billboards (digital interactive and digital screen structures) at 18 airports across the kingdom in addition to its operation and maintenance for a 10-year period.
Abu Dhabi has retained its position as the world’s safest city for the tenth consecutive year since 2017, according to an international report released by Numbeo, one of the the world's largest cost of living databases and a crowdsourced global resource for quality of life data.
