| Acwa Power launches commercial operations at 501MWh Uzbek BESS project
Saudi Arabia: Saudi-based Acwa Power, the world's largest private water desalination company, leader in energy transition, and first mover into green hydrogen, has announced the launch of full commercial operations at its 501MWh battery energy storage system (BESS) linked to its Riverside Solar project in Uzbekistan. |
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| Saudi mining sector surges with 220% rise in new licenses in 2025
United Arab Emirates: The Sharjah Chamber of Commerce and Industry (SCCI) held its annual celebration ceremony to honour its strategic partners and outstanding employees, including staff from Expo Centre Sharjah and Sharjah International Commercial Arbitration Centre (Tahkeem). |
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| Sisco unit acquires Dubai smart cold-chain company Transcorp
Saudi Arabia: Sustainable Infrastructure Holding Company (Sisco), a leading force in Saudi Arabia's infrastructure and logistics investment, said one of its portfolio companies, Green Dome Investments (GDI), has completed the acquisition of 100% stake in Dubai-based Transcorp International. |
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| Saudi Electricity Company inks $4.3bn Islamic financing deal
Saudi Arabia: Saudi Electricity Company has announced that it has signed a SAR16 billion ($4.27 billion) shariah-compliant Murabaha funding facility with a group of regional banks to refinance existing debt. |
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| Saudi mining sector surges with 220% rise in new licenses in 2025
Saudi Arabia: Saudi Arabia recorded a 220 percent year-on-year increase in new mining exploitation licenses in 2025, issuing 61 permits, according to a statement from the Ministry of Industry and Mineral Resources. |
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| Abu Dhabi's XRG inks deal with YPF, Eni to boost Argentina LNG sector
United Arab Emirates: XRG, the international investment arm of Abu Dhabi National Oil Company (ADNOC) said it has signed a joint development agreement (JDA) with leading Italian petroleum company Eni and Argentinian energy major YPF to advance the South American nation's LNG sector. |
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| Sheikh Maktoum reviews FTA’s development plans, directs continued expansion of AI-enabled services
United Arab Emirates: Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of the Board of Directors of the Federal Tax Authority (FTA), has chaired a meeting of the authority’s Board of Directors. |
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| KIB seals co-op agreement with Kuwaiti construction major ACICO
Kuwait: Kuwait International Bank (KIB) has announced the signing of a strategic co-operation agreement with ACICO Group, a leader in the construction and industrial sectors, to provide affordable financing solutions for citizens to build their residential plot. |
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| Aramco signs deal with Microsoft to advance industrial AI, digital transformation
United Arab Emirates: Aramco, one of the world’s leading integrated energy and chemicals companies, and Microsoft have signed a non-binding memorandum of understanding (MoU) to help Aramco explore a series of digital initiatives designed to accelerate industrial artificial intelligence (AI) adoption, enhance digital capabilities, and strengthen workforce development in Saudi Arabia. |
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| Petro Rabigh seals 10-year deal with KBR to boost Saudi plant operations
Saudi Arabia: Petro Rabigh, a joint venture between Saudi oil giant Aramco and Sumitomo Chemical, has signed up KBR, a leading technology and engineering solutions company, to provide maintenance services for its polymer plants in Rabigh, Saudi Arabia for a 10-year period. |
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| Sharjah-US trade crosses Dhs3.8b; 1,200 American firms operate in emirate
United Arab Emriates: The Sharjah FDI Office (Invest in Sharjah), in collaboration with the American Chamber of Commerce in Dubai (AmCham Dubai), organised ‘Business and Golf Day 2026’ as part of joint efforts to enhance investment between the business communities of the Emirate of Sharjah and the United States of America. |
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| Saudi Arabia raises over $2bn in February sukuk sale: NDMC
Saudi Arabia: Saudi Arabia raised SR7.86 billion ($2.09 billion) from a domestic sukuk issuance in February, more than tripling January’s sale as the Kingdom accelerates funding through Shariah-compliant debt. |
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| Saudi Tourism Development Fund signs deal to explore new resort developments
Saudi Arabia: Saudi Arabia’s hotel supply is set to expand after the Tourism Development Fund signed a deal with Palladium Hotel Group to study new resort projects. |
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| MEA to see $3tn real estate, infrastructure pipeline by 2030, JLL says
Saudi Arabia: The Middle East and Africa region is set to see a $3 trillion pipeline of real estate and infrastructure projects between 2026 and 2030, driven by tight occupancy levels and strong investor demand, an analysis showed. |
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| Unique Group supports record-length shore pull operations offshore UAE
United Arab Emirates: Unique Group has supported one of the longest and technically complex shore pull operations for Adnoc’s Hail and Ghasha offshore gas development, in collaboration with Saipem. |
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| Saudi banking sector outlook stable on higher non-oil growth: Moody’s
Saudi Arabia: Saudi Arabia’s banking sector outlook remains stable as stronger non-oil economic growth and solid capital buffers support lending and profitability, Moody’s Ratings said, forecasting continued expansion despite liquidity constraints. |
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| GCC corporates poised for rating stability in 2026: S&P
Saudi Arabia: Most rated companies in the Gulf Cooperation Council are expected to maintain stable credit profiles in 2026 despite geopolitical uncertainty and moderately lower oil prices, according to S&P Global Ratings. |
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| Aman Group, H&H to develop debut Janu Residences in Dubai
Qatar: Aman Group has joined hands with H&H, a Dubai-based developer, for the launch of Janu Residences - the first residential offering in the region from the visionary lifestyle brand. |
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| TAQA revenues steady at $14.92bn, profits rise 5.6% to $2bn
United Arab Emirates: Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East, and Africa, recorded full-year 2025 revenues of AED54.8 billion ($14.92 billion), broadly in line with the prior year. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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). |
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| 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. |
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| 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 |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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. |
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| 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 |
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| 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. |