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Press Dossier   News Category    Economy   
Oman’s economy grows 2% in Q3 as bank credit expands
Oman: Oman’s economy expanded 2 percent in the third quarter of 2025, supported by steady growth in non-oil activities, while bank lending continued to rise faster than deposits, underscoring improving domestic demand.
Saudi public investment fund assets grow 36% to $58.11bn in Q3 2025
Saudi Arabia: Assets held by public investment funds in Saudi Arabia rose 36 percent from a year earlier to about SR217.9 billion ($58.1 billion) by the end of the third quarter of 2025, driven by strong growth in domestic investments, official data showed.
Masdar, Engie achieve financial close for 1.5GW Abu Dhabi solar project
United Arab Emirates: Abu Dhabi Future Energy Company (Masdar), a global clean energy leader, and Engie, a global leader in low-carbon energy solutions, today (January 19) announced that they have reached the financial close for the 1.5 gigawatt (AC) Khazna Solar Photovoltaic Independent Power Project.
Saudi Electricity issues $2.4bn sukuk; eyes London listing
Saudi Arabia: Saudi Electricity Company (SEC) has announced that it has successfully completed the issuance of a $2.4 billion US dollar-denominated senior unsecured sukuk, split across three tranches with maturities of three, six and 10 years.
East Pipes to set up new external steel pipe coating line at Dammam plant
Saudi Arabia: Saudi-based East Pipes Integrated Company for Industry has announced that it has obtained approval from the company's board of directors for the establishment of a new external steel pipe coating line in Dammam.
Markaz's real estate fund ends 2025 in style; nets 9.7% in returns
Kuwait: Kuwait Financial Centre (Markaz) has announced that its real estate fund closed 2025 on a successful note delivering a total return of 9.7%, comprising 4.7% from cash distributions and 5% from growth in the capital value of its assets.
Qatar Tourism HQ relocates to Msheireb Downtown Doha
Qatar: Msheireb Properties announces the relocation of Qatar Tourism headquarters to Msheireb Downtown Doha.
Fitch reaffirms Saudi Arabia at A+ on fiscal, external strength
Saudi Arabia: Saudi Arabia’s sovereign credit rating was affirmed at A+ with a stable outlook by Fitch Ratings, reflecting the Kingdom’s strong fiscal and external balance sheets.
Saudi energy minister holds series of high-level meetings to cement collaborations
Saudi Arabia: Saudi Arabia’s Minister of Energy held a series of strategic meetings in Riyadh with senior ministers from various counties, in a diplomatic push to bolster international energy collaboration.
UAE records major achievements in energy, infrastructure, housing in 2025
United Arab Emirates: The United Arab Emirates reported significant growth across its energy, infrastructure, maritime transport, housing and digital transformation sectors in 2025, underscoring its ability to pair long-term planning with execution on the ground.
ENEC signs MoU with Canadian institutions to advance nuclear research
United Arab Emirates: The Emirates Nuclear Energy Company (ENEC) has signed a Memorandum of Understanding (MoU) with the Saskatchewan Research Council (SRC) and the Global Institute for Energy, Minerals and Society (GIEMS), Canada, to advance cooperation across nuclear research, development and capacity building.
Saudi energy minister holds series of high-level meetings to cement collaborations
Saudi Arabia: Saudi Arabia’s Minister of Energy held a series of strategic meetings in Riyadh with senior ministers from various counties, in a diplomatic push to bolster international energy collaboration.
First EU–Saudi roundtable on critical raw materials reflects shared policy commitment
Saudi Arabia: The EU–Saudi Arabia Business and Investment Dialogue on Advancing Critical Raw Materials Value Chains, held in Riyadh as part of the Future Minerals Forum, brought together senior policymakers, industry leaders, and investors to advance strategic cooperation across critical raw materials value chains.
US seeks mining partnerships with Saudi Arabia, energy official says
Saudi Arabia: The US is seeking partnerships with Saudi Arabia in high-quality mining projects after creating a suitable investment environment, according to Assistant Secretary of Energy Audrey Robertson.
UAE marks fourth anniversary of 'Day of Resolve'
United Arab Emirates: The United Arab Emirates on Saturday will mark the fourth anniversary of the "Day of Resolve ", an occasion hat honours the spirit of Emirati gallantry and the unbreakable bond between the leadership and the people.
Etihad Airways, Tunisair launch codeshare partnership
United Arab Emirates: Etihad Airways and Tunisair signed a codeshare agreement strengthening air links between North Africa and Abu Dhabi and supporting growing demand for travel, tourism, and business between the two regions.
SEF 2026 Creative Zone to spotlight 30+ sessions & 45+ creators
United Arab Emirates: The Sharjah Entrepreneurship Festival (SEF 2026) will feature the Creative Zone, among its ten dedicated zones, to deliver an intensive programme of more than 30 talks and panel discussions led by 45+ speakers, including founders, content creators, cultural leaders, and entrepreneurs.
$870.75 million Green Bonds issued for Al Dhafra Solar Plant
United Arab Emirates: Abu Dhabi National Energy Company PJSC (TAQA), along with Emirates Water and Electricity Company (EWEC), Abu Dhabi Future Energy Company (Masdar), EDF power solutions, and Jinko Power Technology Co. Ltd
GCC international tourism revenues surge to $120.2 billion
Saudi Arabia: International tourism revenues in the Gulf Cooperation Council (GCC) states rose to $120.2 billion in 2024, up 39.6 per cent from 2019 and 8.9 per cent from 2023, the Statistical Centre for the Cooperation Council for the Arab States of the Gulf (Gulf-Stat) said.
Alef, Emaar unveil Palace luxury branded project in Sharjah
United Arab Emirates: Alef Group, a premier real estate developer in Sharjah, has announced the official launch of Palace Residences Al Mamsha, a luxury branded residential project developed in collaboration with Emaar Hospitality.
Mott MacDonald boosts Saudi presence with new Riyadh office
Saudi Arabia: Mott MacDonald has opened its new office in Riyadh, strengthening its local operations and commitment to long-term investment in Saudi Arabia.
Dubai records strongest residential year in 2025; nets $149bn in sales
United Arab Emirates: Dubai has recorded its strongest residential year on record for 2025, with total sales value reaching AED547 billion ($149 billion), up 28% year-on-year, across 203,000 transactions, with a 20% increase in volume, according to a report by betterhomes, an international proptech and real estate agency.
Mitsubishi Power snaps up major Qatar gas turbine order
Qatar: Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, has secured a major contract to supply advanced gas turbine technology for Qatar's Facility E Independent Water and Power Project (IWPP) in the Ras Abu Fontas area. It is expected to be operational in 2028.
UAE, Nigeria forge stronger economic ties with signing of Comprehensive Economic Partnership Agreement
United Arab Emirates: President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and His Excellency Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, attended in Abu Dhabi on Tuesday the signing ceremony of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Nigeria.
BEEAH, Masdar to jointly develop utility-scale solar projects in Sharjah
United Arab Emirates: BEEAH, the region’s sustainability and innovation pioneer, and Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, have signed a Joint Development Agreement (JDA) to identify and develop utility-scale clean energy projects in Sharjah.
Saudi inflation edges up to 2.1% on higher rents: GASTAT
Saudi Arabia: Saudi Arabia’s annual inflation rate rose to 2.1 percent in December, up from 1.9 percent a month earlier, as housing rents continued to drive price gains, official data showed.
ESG Emirates Stallions unit to develop Rotana Residences on Al Reem Island
United Arab Emirates: Royal Development Holding, a premier real estate development firm and a subsidiary of ESG Emirates Stallions Group, announced today (January 13) the signing of an agreement with leading hospitality group Rotana to develop new premium residential towers on Al Reem Island, Abu Dhabi, under the Rotana Residences brand.
Dubai summit spotlights priorities shaping energy-efficient built environment
United Arab Emirates: Sustainability strategies for the built environment must evolve beyond net-zero targets to deliver measurable environmental impact and long-term return on investment, said global industry leaders while speaking at the Smart Building Summit being held on the sidelines of Light + Intelligent Building Middle East.
FMF: Saudi Arabia unveils mining infrastructure plan, financing portal
Saudi Arabia: Saudi Arabia announced a new initiative to strengthen mining infrastructure as the Kingdom hosted global industry leaders in Riyadh for the Future Minerals Forum, underscoring its ambition to position mining as a core pillar of economic diversification.
Saudi Mawani achieves a 10.58% YoY increase in container handling during 2025
Saudi Arabia: Saudi ports supervised by the Saudi Ports Authority, or Mawani, have recorded a 10.58 percent year-on-year increase in the number of containers handled during 2025 by 10.58 percent to reach 8.3 million standard containers, compared to 7.5 million standard containers last year.
Saudi minister casts minerals as global priority as FMF draws 100+ countries
Saudi Arabia: Minerals are becoming a shared global priority as governments seek resilient supply chains to support growth, energy transitions and digital infrastructure, Saudi Arabia’s industry minister said.
Dar Global, Trump expand Saudi portfolio with $1bn Jeddah luxury project
Saudi Arabia: Dar Global, the London-listed international luxury real estate developer, today (January 12) announced the official launch of Trump Plaza Jeddah, marking its third prestigious collaboration with The Trump Organisation in Saudi Arabia.
Intersec gets new unified international brand identity
United Arab Emirates: Messe Frankfurt Middle East has officially unveiled Intersec Global, a new unified international brand that brings together the world’s leading security, safety, and resilience events under a single global platform. The brand is headquartered in Dubai and aligned with the UAE’s long-term national priorities.
Saudi Arabia signs mining cooperation MoUs with Chile, Canada, and Brazil
Saudi Arabia: Saudi Arabia’s Ministry of Industry and Mineral Resources signed three international memoranda of understanding for cooperation in the field of mineral resources with Chile, Canada, and Brazil.
GFH Partners Manrre, Palmon open new chemical warehouse in Jafza
United Arab Emirates: GFH Partners Manrre REIT (CEIC), managed by GFH Partners, together with its development manager Palmon Group, today (January 12) announced the opening of a specialised temperature-controlled chemical warehouse in Jebel Ali Free Zone (Jafza), further expanding the Fund’s Grade A logistics portfolio.
5th Sharjah International Summit on Improvement in Education to take place on Feb.14-15
United Arab Emirates: Under the patronage of His Highness Dr Sheikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the fifth edition of the Sharjah International Summit on Improvement in Education will take place on Feb.14 and Feb.15, 2026, under the theme “Collaborating for Impact.”
Authority restores electricity across Sharjah
United Arab Emirates: The Sharjah Electricity, Water and Gas Authority has announced that the temporary power outage in the Emirate resulted from a localised emergency fault, which led tothe activation of automatic protection systems to safeguard grid stability.
Saudi Arabia’s industrial output rises 10.4% in November: GASTAT
Saudi Arabia: Saudi Arabia’s industrial output rose at its fastest rate in months, climbing 10.4 percent year on year in November, supported by stronger manufacturing activity and higher oil production, official data showed.
Saudi Dar Al Arkan, Trump Organization unveil 1st Riyadh project in Wadi Safar
Saudi Arabia: Saudi developer Dar Al Arkan and its international unit Dar Global have unveiled the first of two Trump-branded projects planned for Riyadh, launching a 2.6 million-sq.-meter Trump International Golf Club in Wadi Safar.
Saudi Arabia leads GCC IPO market in 2025, raises $4.1bn: Markaz
Saudi Arabia: Saudi Arabia strengthened its role in the Gulf Cooperation Council’s initial public offering market in 2025, raising $4.1 billion in proceeds, the highest in the region, according to an analysis.
Saudi-Japanese Ministerial Investment Forum sees signing of 12 MoUs
Saudi Arabia: The Saudi-Japanese Ministerial Investment Forum saw the signing of 12 memorandums of understanding across a wide range of sectors, including space, finance and agriculture.
Dar Global, Trump expand Saudi portfolio with $1bn Jeddah luxury project
Saudi Arabia: Dar Global, the London-listed international luxury real estate developer, today (January 12) announced the official launch of Trump Plaza Jeddah, marking its third prestigious collaboration with The Trump Organisation in Saudi Arabia.
Dewa marks significant milestone in digital innovation, grid data analysis
United Arab Emirates: Dubai Electricity and Water Authority (Dewa) has won the ‘Innovative Power Technology of the Year — UAE’ award at the Asian Power Awards 2025, one of the most prestigious regional honours in the energy sector.
Empowering the future: SEF 2026 launches ‘Sharjah’s Little Founders’
United Arab Emirates: Dubai Electricity and Water Authority (Dewa) has won the ‘Innovative Power Technology of the Year — UAE’ award at the Asian Power Awards 2025, one of the most prestigious regional honours in the energy sector.
Saudi Arabia’s industrial output rises 10.4% in November: GASTAT
Saudi Arabia: Saudi Arabia’s industrial output rose at its fastest rate in months, climbing 10.4 percent year on year in November, supported by stronger manufacturing activity and higher oil production, official data showed.
Saudi Arabia’s AI imperative: seizing the agentic enterprise to fulfill Vision 2030 goals
Saudi Arabia: As Saudi Arabia advances its ambitious Vision 2030, a transformative shift in the global workplace underscores a critical opportunity for the Kingdom’s organizations.
Up to $10bn of inflows could be unlocked by Saudi stock market reforms, experts say
Saudi Arabia: Saudi Arabia’s decision to open its financial markets to all foreign investors could unlock $10 billion of inflows and place the nation on an equal footing with other competitive emerging exchanges, experts told Arab News.
Saipem announces restart of jack-up rig in Saudi Arabia
Saudi Arabia: Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore, has announced the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia.
Design phase begins for key bridge project in Bahrain
Bahrain: Bahraini authorities have announced that the Muharraq-Arad Bridge project has entered the preliminary design phase
Up to $10bn of inflows could be unlocked by Saudi stock market reforms, experts say
Saudi Arabia: Saudi Arabia’s decision to open its financial markets to all foreign investors could unlock $10 billion of inflows and place the nation on an equal footing with other competitive emerging exchanges, experts told Arab News.
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