Dear Customer: The Arab Lawyers Network apologizes for the temporary inconvenience related to the verification code via mobile and would like to inform you that the code will be sent via email. Please contact customer services for any further inquiries.

Press Dossier   News Category    Economy   
ADNOC Gas adjusts LNG operations over Strait of Hormuz disruption
UAE’s ADNOC Gas has made temporary adjustments to its liquefied natural gas and export-traded liquids production due to shipping disruptions in the Strait of Hormuz, as the ongoing conflict in the region continues to escalate.
Saudi Arabia gears up to export green hydrogen
Saudi Arabia is positioning itself as a major exporter of green hydrogen as the world seeks cleaner fuels for heavy industry, shipping, and power generation.
UAE central bank support package lifts lenders shaken by Iran war
Shares of UAE-listed banks jumped on Wednesday after the Central Bank of the UAE announced ​measures to support their liquidity as the Iran crisis hits Gulf economies.
Large companies outperform small and medium ones on Tadawul, here’s how
Large companies have shown clear superiority over small and medium firms in the Saudi stock market since the launch of various market component indices in Sept. 2023, with large-cap indices rising while the latter declined.
Saudi Arabia adds 5 shipping services to bolster trade links amid Hormuz disruptions
Saudi Arabia’s ports authority has added five new shipping services with major global carriers, including Maersk and Hapag-Lloyd, to help combat disruptions in the Strait of Hormuz.
Saudi Ports Authority expands support for Gulf shipping with new services
Saudi Arabia’s ports authority has rolled out additional support for vessels operating in the Arabian Gulf, aiming to streamline services and sustain maritime activity as regional shipping conditions tighten.
Saudi Ports Authority expands support for Gulf shipping with new services
Saudi Arabia: Saudi Arabia’s ports authority has rolled out additional support for vessels operating in the Arabian Gulf, aiming to streamline services and sustain maritime activity as regional shipping conditions tighten.
Abu Dhabi confirms readiness, efficiency of energy, water ecosystem
United Arab Emirates: Abu Dhabi Department of Energy has confirmed the readiness and efficiency of the emirate's energy and water ecosystem following field visits by its senior officials to several of its vital structures across the emirate.
Saudi contractor Unimac seals partnership deal with ProGrowth Company
Saudi Arabia: United Maintenance and Contracting Company (Unimac), a specialised heavy civil contracting company, has announced that it has officially signed the pre‑bid consortium agreement with ProGrowth Company.
Saudi Arabia construction costs rise 1.4% in February: GASTAT
Saudi Arabia: Saudi Arabia’s construction sector maintained stable cost growth in February, with the index rising 1.4 percent year on year amid steady increases in residential and non-residential building expenses, official data showed.
Saudi Arabia’s US Treasury holdings rise over 6% to $134.8bn in January
Saudi Arabia: Saudi Arabia’s holdings of US Treasuries rose 6.22 percent from a year earlier to $134.8 billion in January, even as they declined from the previous month, US Treasury data showed.
Oman’s economy expands 2.3% in 2025 on non-oil growth: NCSI
Oman: Oman’s economy grew 2.3 percent in 2025, supported by steady expansion in non-oil sectors and a rebound in natural gas activity, official data showed.
Adnoc, OMV forge ahead with big Borouge Group International merger
United Arab Emirates: Abu Dhabi National Oil Company (Adnoc) and OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi.
Kuwait records solid progress in road infrastructure, building works
Kuwait: Kuwait's Public Authority for Housing Welfare (PAHW) has reported significant progress in its projects during February, with infrastructure and construction works advancing steadily across several housing cities.
UAE central bank support package lifts lenders shaken by Iran war
United Arab Emirates: Shares of UAE-listed banks jumped on Wednesday after the Central Bank of the UAE announced ​measures to support their liquidity as the Iran crisis hits Gulf economies.
Arabian Travel Market 2026 latest to postpone event due to Iran conflict
Saudi Arabia: Arabian Travel Market, a major international tourism and trade show, has been postponed by three months from its originally scheduled May dates due to safety and well-being concerns.
Saudi listed healthcare firms post 18% revenue growth as expansion weighs on margins
Saudi Arabia: The revenues of healthcare companies listed on the Saudi financial market achieved their highest growth rate in four years, continuing to record unprecedented levels by the end of last year.
Abu Dhabi, Dubai approve $2.59bn housing benefits to citizens
United Arab Emirates: Abu Dhabi and Dubai have approved major housing benefits totalling AED9.52 billion for their citizens, ahead of Eid-Al-Fitr.
Adnec teams up with Ewec to power Adnec Centre Al Ain with clean energy
United Arab Emirates: Adnec Group, a unit of Abu Dhabi group Modon has announced a strategic partnership with Emirates Water and Electricity Company (Ewec), a leading company in the integrated co-ordination of planning.
Acwa Power buys entire 32pc Badeel stake in Shuaibah Water and Electricity Company
Saudi Arabia: Global utility major Acwa Power has announced that it has successfully completed the acquisition of the entire 32% stake of Water and Electricity Holding Company (Badeel) in the Shuaibah Water and Electricity Company - through its key unit Alwaha Projects Company.
Jordan’s free trade agreements drive 73% of exports
Saudi Arabia: Countries linked to Jordan through free trade agreements accounted for 73.2 percent of the nation’s total exports in 2025, official data showed.
Oman import prices jump 14.8% on machinery costs
Oman: Oman’s import prices recorded a sharp increase in the final quarter of 2025, driven largely by higher machinery and transport equipment costs.
Diriyah sets new concrete pouring record at Gyratory Tunnel Extension project
Saudi Arabia: Diriyah Company, the developer shaping the future of Saudi Arabia’s most iconic destination, has announced that it has achieved a major construction milestone with the completion of pouring of 7,193 cu m of concrete within a record 15.5 hours for the Gyratory Tunnel Extension in the second development phase of the Diriyah development masterplan.
Gulf banks resilient for now, but prolonged conflict raises risks: S&P Global
Saudi Arabia: Banks operating in the Gulf region are expected to remain resilient in the short term due to strong financial buffers, even as the Middle East grapples with heightened geopolitical tensions, according to an analysis.
Egyptian banks seen resilient to Iran conflict shocks, Fitch says
Saudi Arabia: Egypt’s banking sector is positioned to absorb the potential economic spillovers from the ongoing Iran conflict, supported by strong capital buffers, liquidity, and profitability, according to a report by Fitch Ratings.
Saudi consumer inflation eases to 1.7% in February, lowest level in a year: GASTAT
Saudi Arabia: Saudi Arabia’s annual inflation rate slowed to 1.7 percent in February, the lowest level in a year, as stable food prices helped offset continued pressure from housing rents.
From oil to canvas: Saudi Arabia’s emerging art economy
Saudi Arabia: When a painting by Saudi artist Safeya Binzagr sold for $2.1 million at Sotheby’s second auction in Riyadh in January, it marked a milestone for Saudi art on the global stage. The record-breaking sale signaled rising international interest.
TotalEnergies’ global output down 15% amid Middle East conflict
Saudi Arabia: French energy giant TotalEnergies said it has lost 15 percent of its oil and gas global output as the ongoing conflicts between the US-Israel alliance and Iran shut fields across the UAE, Qatar and Iraq.
$55m Nuvé by Zoya in Dubai Land Residence Complex launched
United Arab Emirates: Zoya Developments has launched Nuvé by Zoya, a new mid-rise residential development in Dubai Land Residence Complex, valued at AED202 million ($54.99 million).
Retal eyes $151m capital hike for Ajdan stake acquisition
Saudi Arabia: Saudi-based Retal Urban Development Company has announced that it had submitted a request to the kingdom’s Capital Market Authority (CMA) to approve a capital increase to facilitate its planned acquisition of a stake in Ajdan Real Estate Development Company from AlFozan Holding.
Saudi Energy invites bids for Expo 2030 Riyadh substations project
Saudi Arabia: Saudi Energy, a leading electricity producer in the kingdom, has invited bids for a key power infrastructure project as part of the upcoming Expo 2030 Riyadh.
Saudi Arabia’s producer prices edge up 0.4%: GASTAT
Saudi Arabia: Saudi Arabia’s producer prices rose 0.4 percent in January from a year earlier, supported by higher utility costs, as wholesale inflation remained contained at the start of 2026.
Dar Al Majed Real Estate seals credit facilities deal with BSF
Saudi Arabia: Saudi-based Dar Al Majed Real Estate Company has announced that it has signed an addendum to the credit facilities agreement previously concluded with Banque Saudi Fransi (BSF).
Diriyah unveils 1.9km main spine within mega Saudi development
Saudi Arabia: Diriyah Company, the developer of Saudi Arabia's premier historical, cultural, and lifestyle destination, has announced the launch of a 1.9-km-long main spine within its mega development in the kingdom's ancient city.
Heisco, Shanghai Electric eye Kuwait utility project upgrade work
Kuwait: Kuwait's Ministry of Electricity, Water and Renewable Energy has announced that it has received bids from only two entities - Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group
Acwa raises Shuaibah IWPP stake to 62% after Badeel acquisition
Saudi Arabia: Saudi utility developer Acwa has completed its acquisition of a 32 percent stake in Shuaibah Water and Electricity Co. from Badeel for SR843.3 million ($224.8 million), increasing its ownership in the project company to 62 percent.
Mideast Stocks: Gulf equities edge lower as Iran war enters third week
Saudi Arabia: Most Gulf equities slipped on Sunday as the US-Israeli war on Iran entered its third week with US President Donald Trump threatening further strikes on the Kharg Island oil export hub and Tehran vowing to intensify its response.
S&P affirms Saudi Arabia at A+ as strong buffers offset regional risks
Saudi Arabia: S&P Global Ratings affirmed Saudi Arabia’s sovereign credit rating at A+ with a stable outlook, saying the Kingdom’s fiscal buffers, export flexibility and non-oil growth should help it withstand escalating regional conflict.
Oil may extend gains as conflict threatens deeper Gulf supply losses
Saudi Arabia: Oil prices may extend gains when markets reopen on Monday as the US-Israel-Iran conflict enters a third week, with fresh attacks on energy infrastructure and continued disruption in the Strait of Hormuz threatening the largest global oil supply shock in years.
Modon unveils prime residential freehold project on Reem Island
United Arab Emirates: Modon, a premier Abu Dhabi-based real estate developer and urban planner, has announced the launch of Tara Park, a centrally-located residential development on the Reem Island.
Naffco, Verona Shelter JV to manufacture GenNext protective shelter systems
United Arab Emirates: Naffco Group, a global leader in safety engineering and life protection solutions based in Dubai, has announced a strategic joint venture with Finland-based Verona Shelters Group to develop and manufacture advanced civil defense and military shelter solutions for international markets.
Women now make up 23% of AtkinsRéalis workforce in GCC
United Arab Emirates: AtkinsRéalis, the international engineering and design consultancy, has announced significant progress in advancing gender diversity across its GCC operations, marking one of the fastest improvements in women’s representation within the region’s engineering and infrastructure sector.
Air Arabia shareholders approve 30pc dividend distribution
United Arab Emirates: Air Arabia shareholders approved the distribution of 30 per cent cash dividend for the financial year ending December 31, 2025 at the company’s Annual General Meeting (AGM).
UAE-based Pakistanis send $696 million remittances
United Arab Emirates: According to data released by the State Bank of Pakistan, Pakistani expatriates residing in the United Arab Emirates sent approximately $696 million in remittances to Pakistan during February 2026, securing the top position globally among overseas Pakistani communities.
UAE Ministry of Finance launches Federal Budget Yearbook 2026
United Arab Emirates: The UAE Ministry of Finance (MoF) has launched the Federal Budget Yearbook 2026 under the theme ‘Investing in People, Securing the Future’.
Dubai Jewellery Group confirms sector operating at high capacity
United Arab Emirates: Dubai Chamber of Commerce, one of the three chambers under Dubai Chambers, has held a meeting with the Dubai Jewellery Group.
Saudi Arabia’s pop-up retail boom is just getting started
Saudi Arabia: Short-term retail concepts are gathering pace across Saudi Arabia’s consumer market, with over 1.5 million small and medium enterprises operating in the Kingdom.
Saudi POS spending climbs 11% to $4.3bn in early March as retail activity broadens
Saudi Arabia: Saudi Arabia’s total point-of-sale transactions rose 11 percent to SR16.1 billion ($4.3 billion) in the week ending March 7, with most sectors seeing positive weekly change.
Aramco’s 13% rally helps Saudi stocks post second weekly gain
Saudi Arabia: Saudi Aramco extended its year-to-date rally to nearly 13 percent on Thursday, helping the Kingdom’s benchmark stock index secure a second straight weekly gain despite a weaker final trading session.
Dana Gas board recommends cash dividend of $105m for 2025
United Arab Emirates: Dana Gas, one of the Middle East’s largest regional private sector natural gas companies, has recommended a dividend payment of 5.5 fils ($1.5) per share for the full year 2025.
Page 1 of 343
>--%>