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Press Dossier   News Category    Economy   
Saudi industrial output rises 8.9% in December: GASTAT
Saudi Arabia: Saudi Arabia’s industrial production rose 8.9 percent in December from a year earlier, driven by stronger mining and manufacturing activity, signaling continued momentum in the Kingdom’s non-oil and energy sectors.
Saudi business optimism holds firm above 60 on non-oil strength
Saudi Arabia: Saudi Arabia’s Business Confidence Index held at 61.6 points in January, reflecting sustained optimism across the Kingdom’s non-oil sectors, official data showed.
Nasdaq Dubai welcomes Al Masraf’s $500 million debut bond
United Arab Emirates: Nasdaq Dubai has welcomed the listing of a $500 million bond issued by Arab Bank for Investment and Foreign Trade PJSC (Al Masraf), marking the Bank’s debut in the international debt capital markets and reinforcing Dubai’s position as a leading hub for global fixed-income issuances.
ADGM opens new Service Centre at The Galleria Al Maryah Island
United Arab Emirates: ADGM, the international financial centre of Abu Dhabi, on Tuesday announced the opening of its new Service Centre at The Galleria Al Maryah Island.
Dewa delivers record $8.9bn revenue for 2025; net profit hits $2.5bn
United Arab Emirates: Dubai Electricity and Water Authority (Dewa) has delivered the strongest financial and operational performance in its history for the full year 2025, recording a net profit after tax of AED9.1 billion ($2.5 billion) and a consolidated revenue of AED32.84 billion ($8.9 billion).
Ceer to sign deals worth $990m at PIF Private Sector Forum
Saudi Arabia: Saudi Arabia’s first homegrown electric vehicle brand Ceer is expected to sign 16 agreements valued at SR3.7 billion ($990 million) at the PIF Private Sector Forum, said the company’s CEO.
Hamdan hails Dubai’s tourism industry for its record-breaking year with 19.59 million international visitors in 2025
United Arab Emirates: Strategic partnerships, global marketing campaigns and major events contributed to Dubai welcoming 19.59 million international overnight visitors in 2025, marking a 5% increase compared to 18.72 million arrivals in 2024
UAE stands as an industrial powerhouse, with Dhs262b exports, says Mohammed
United Arab Emirates: His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, emphasized that the foundation of any competitive national economy lies in its industrial sector.
Cemvita, Radix to advance circular SAF feedstock plant in Brazi
United Arab Emirates: Cemvita and Radix announced progress in front-end engineering for a circular bio-oil project in Brazil, focused on converting crude glycerin, a biodiesel byproduct, into ultra-low carbon intensity bio-oil used as a feedstock to produce sustainable aviation fuel (SAF) and other advanced biofuels.
Fiscal discipline critical as high interest rates persist: Saudi finance minister
Saudi Arabia: Saudi Arabia’s finance minister warned that both advanced and emerging economies risk long-term instability if governments rely on borrowing and optimistic assumptions instead of disciplined fiscal management, as global interest rates are likely to remain elevated for years.
PIF steps up private sector push to drive sustainable growth: Al-Rumayyan
Saudi Arabia: Saudi Arabia’s Public Investment Fund is deepening efforts to strengthen the private sector as part of its strategy to drive long-term economic growth and sustainable development, said a top official.
Abu Dhabi’s GDP expands 7.7%, non-oil economy grows 7.6% in Q3 2025
United Arab Emirates: The Statistics Centre - Abu Dhabi (SCAD) has reported that Abu Dhabi’s economy expanded by 7.7 per cent in the third quarter of 2025 (July to September) compared to the same period in 2024, reaching its highest quarterly value on record at Dhs325.7 billion.
Trade, investment vital for emerging markets, says Saudi economy minister
Saudi Arabia: Trade and investment are essential drivers for the continued growth of emerging market economies, according to Saudi Arabia’s Minister of Economy and Planning Faisal Alibrahim.
UAE, Russian Presidents discuss ties and regional developments
United Arab Emirates: UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan held a phone call with Vladimir Putin, President of the Russian Federation, during which they discussed ways to strengthen bilateral cooperation within the framework of the two countries’ strategic partnership, in support of mutual development.
Saudi Arabia, Syria sign deal to launch 45 development initiatives
Saudi Arabia: Saudi Arabia and Syria signed a framework agreement to launch 45 development initiatives, expanding economic cooperation as the two countries step up efforts to rebuild Syria’s economy.
Saudi non-oil trade surplus with GCC jumps 102% in November
Saudi Arabia: Saudi Arabia’s non-oil trade surplus with Gulf Cooperation Council countries more than doubled in November, driven by a surge in exports, preliminary government data showed.
Qatar’s foreign reserves rise to $71.9bn in January
Qatar: Qatar’s foreign reserves saw a slight increase in January, reaching $71.95 billion, according to recent data from the Qatar Central Bank.
Egypt unveils $1bn Startup Charter to boost innovation, jobs
Saudi Arabia: Egypt has launched its first-ever national Startup Charter, committing $1 billion in funding and new policies to stimulate innovation, create jobs, and drive economic growth.
Saudi investment pipeline active as reforms advance, says Pakistan minister
Saudi Arabia: Pakistan’s Finance Minister Mohammed Aurangzeb described Saudi Arabia as a “longstanding partner” and emphasized the importance of sustainable, mutually beneficial cooperation, particularly in key economic sectors.
Saudi Refineries unit inks deal with AGR for green ammonia offtake
Saudi Arabia: Refineries Company has announced that its key subsidiary, Clean Energy Company, has entered into a non-binding MoU with British renewable energy company AGR to support the development of a green ammonia value chain in the Kingdom of Saudi Arabia.
UAE holds first Strategic Financial Dialogue with Kingdom of Bahrain
United Arab Emirates: The UAE has hosted its first Strategic Financial Dialogue with the Kingdom of Bahrain as part of the executive plan to activate the memorandum of understanding (MoU) signed between the two countries.
UAE and Gabon sign CEPA to underline new era of progress
United Arab Emirates: UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and His Excellency Brice Oligui Nguema, President of the Gabonese Republic, witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between their two nations in Abu Dhabi on Friday.
Aldar, Dubai Holding expand JV with Dhs38b in new developments
United Arab Emirates: Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding Dhs38 billion.
EICO, Tebian ink contract for Saudi 380KV substation project
Saudi Arabia: Saudi-based Energy and Infrastructure Company (EICO) said it has signed a significant engineering and construction contract with Chinese group Tebian Electric Apparatus (TBEA) for the Namria 380KV substation project being developed by Saudi Electricity Company (SEC) in the kingdom's northern region.
Ashoka Buildcon–BEC Arabia JV lands Diriyah hotel project contract
Saudi Arabia: Indian infrastructure group Ashoka Buildcon said its joint venture with BEC Arabia Contracting, one of the leaders in Saudi construction industry, has secured the main construction works contract for a hotel project within Saudi Arabia's giga development - Diriyah, The City of Earth, coming up near Riyadh.
SpiceJet starts Sharjah - Ahmedabad flights
United Arab Emirates: Sharjah Airport Authority (SAA) has announced the launch of a new scheduled service by Indian carrier SpiceJet, connecting Ahmedabad Airport with Sharjah International Airport.
UAE and US sign framework on securing supply of rare earths
United Arab Emirates: The United Arab Emirates and the United States have signed a Framework on Securing Supply in the Mining and Processing of Critical Minerals and Rare Earths, on the sidelines of the US Critical Minerals Ministerial in Washington, DC.
DIFC forecasts 30% growth in 2026 following record last year
United Arab Emirates: Essa Kazim, Governor of Dubai International Financial Centre (DIFC), said the centre achieved unprecedented record results in 2025 at both operational and financial levels, continuing its upward growth trajectory over recent years and consolidating its position as one of the fastest-growing financial centres globally.
Al Barari breaks ground on The Cape in Dubai
United Arab Emirates: Al Barari, Dubai’s pioneering nature-led community, has marked the groundbreaking of The Cape, its final signature residential development, celebrating two decades of visionary craftsmanship and a continued commitment to creating harmonious living environments rooted in nature.
Japan's Mitsui looks to buy stake in Qatar LNG project: report
Qatar: Japan’s Mitsui & Co is close to acquiring a stake in the second phase of QatarEnergy’s giant North Field liquefied natural gas (LNG) expansion, as it seeks to secure stable long-term gas supplies, Reuters reported, citing sources familiar with the matter
Hansgrohe Group Opens New Showroom in Abu Dhabi with Mac Al Gurg
United Arab Emirates: Hansgrohe Group, a global leader in innovative bathroom and kitchen solutions, has officially opened a new showroom on Najda Street, Abu Dhabi, in partnership with Mac Al Gurg, a leading provider of sanitaryware solutions and part of the Al Gurg Group.
Dana Gas reports $130m net profit for FY2025
United Arab Emirates: Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit for the full year 2025 of AED476 million ($130 million) as compared to AED553 million ($151 million) in FY 2024.
Global Energy Efficiency Alliance holds first meeting at WGS 2026
United Arab Emirates: The Global Energy Efficiency Alliance (GEEA) held its first meeting at the World Government Summit (WGS) 2026.
Saudi Arabia, Turkiye sign agreement on renewable energy power plant projects
Saudi Arabia: Saudi Arabia and Turkiye have signed an agreement on renewable energy power plant projects.
Saudi Arabia ‘not far’ from approving drone cargo deliveries: transport minister
Saudi Arabia: Saudi Transport Minister Saleh Al-Jasser told Al-Eqtisadiah that the Kingdom is working to open new logistics centers at airports and ports, invest in infrastructure, and attract major global companies in the transport and services sector during 2026.
QatarEnergy and Malaysia’s Petronas sign 20-year LNG supply agreement
Saudi Arabia: QatarEnergy has entered into a 20-year sales and purchase agreement with Malaysia’s Petronas for the supply of liquefied natural gas, the companies have announced.
UAE PMI rises to 11-month high as new orders jump: S&P Global
Saudi Arabia: UAE non-oil companies recorded their fastest increase in new orders in nearly two years in January, signaling strengthening private-sector demand, an economic tracker showed.
HRDF announces record employment and training support in 2025
Saudi Arabia: The Human Resources Development Fund announced record achievements in employment and training support during 2025, with its programs contributing to the employment of more than 562,000 Saudi citizens in private sector establishments, an increase of 29 percent compared to 2024.
OQT strengthens Maldives energy trade with finance deal
United Arab Emirates: OQT, the international energy and commodity trading vehicle of the Government of Oman, has announced the provision of a medium-term structured finance facility to Maldives’ State Trading Organisation (STO)
UAE to launch AI pilot to boost data centre energy efficiency
United Arab Emirates: The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility announced a pilot to implement Phaidra’s AI technology to accelerate energy efficiency across data centres and district cooling operations in the UAE.
Saudi Arabia completes world's first tokenised property deed transaction
Saudi Arabia: The Kingdom of Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer.
Saudi Arabia, Turkiye sign government agreement on renewable energy power plant projects
Saudi Arabia: Saudi Arabia and Turkiye have signed an agreement on renewable energy power plant projects.
Foreign buying of Saudi stocks hits $1.33bn ahead of Feb rule change
Saudi Arabia: Foreign investors made net purchases of around SR5 billion ($1.33 billion) in Saudi stocks during January, coinciding with the announcement that the market would be opened to all categories of non-resident foreign investors — individuals and institutions from around the world — directly and without conditions.
Arzan Wealth advises on partial exit from US real estate portfolio
United Arab Emirates: Arzan Wealth (DIFC), a Dubai-based investment advisory firm regulated by the Dubai Financial Services Authority (DFSA), has announced that it has successfully advised on a partial exit from a portfolio of radiology centres located in Long Island, New York
L&T signs up Nextpower JV for 2.5GW Saudi solar project
Saudi Arabia: Indian construction conglomerate Larsen & Toubro (L&T) has signed up Nextpower Arabia, the newly formed joint venture between Nextpower (formerly Nextracker) and Abunayyan Holding, to provide 2.25 gigawatts (GWp) of advanced solar tracking systems for the Bisha Solar project being developed by an Acwa-led consortium.
IMF managing director Kristalina Georgieva commends GCC economic success
United Arab Emirates: The managing director of the International Monetary Fund, Kristalina Georgieva, has commended the Gulf’s economic success and said she admires its efforts.
Saudi non-oil growth continues with PMI showing expansion: S&P Global
Saudi Arabia: Saudi Arabia’s non-oil business activity continued to expand at a robust pace in January, driven by output growth, improving market conditions and stronger client activity, an economic tracker showed.
Saudi Arabia leads GCC markets in January: Kamco Invest
Saudi Arabia: Saudi Arabia led Gulf equity gains in January as regional markets outperformed most global benchmarks, buoyed by earnings optimism and strong non-oil growth expectations, according to an analysis.
Saudi Arabia exports milk, dairy products worth $1bn in 9 months
Saudi Arabia: Saudi Arabia’s exports of milk and dairy products reached approximately SR3.9 billion ($1.03 billion) during the first nine months of 2025, according to data released by the General Authority for Statistics and reviewed by Al-Eqtisadiah.
Mace-Suez JV starts Qatar West Drainage maintenance work
Saudi Arabia: Mace Qatar, a specialist in infrastructure construction and district cooling service, has joined hands with French utility major Suez to start the operation and maintenance of Qatar West Catchment Zone.
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