Kuwait air traffic returns to normal, flights resume QatarEnergy announces new oil discovery offshore Namibia UAE developer Alef launches $1.1bln mixed-use development in Sharjah ADNOC eyeing Canada upstream and LNG opportunities via XRG arm, executive says Dubai real estate deals in April surge to $18.7bln Saudi's SAMA mandates advance notification of investment rounds by financing companies Qatar maritime trade activity accelerates in May Oil steadies as uncertainty over US-Iran talks keeps markets on edge Qatar: Relatively hot daytime conditions expected, moderate night Dubai Centre for Family Businesses explores ways to strengthen business adaptability Saudi Crown Prince, UAE President discuss regional security and cooperation UAE President and Qatar’s Emir discuss fraternal ties and regional developments in phone call Flydubai operates 3,800 flights in March, posts high net promoter score Oman Investment Bank names new CEO Saudi sovereign investor PIF mandates 3yr, 7yr, 30yr USD issuance Abu Dhabi's TA’ZIZ Methanol JV secures $2bn financing for methanol plant Emirates airline posts record net profit despite war impact Qatar unveils support package to steady markets, boost investor confidence Saudi Vision 2030 milestones forge a stronger, diversified, and resilient economy Abu Dhabi non-oil trade jumps 36% to $113bln in 2025; exports rise 63% Qatar's GTA extends 2025 tax return submission deadline until June 30 Qatar targets strategic FDI as global competition intensifies New pharma plant opens in Nizwa, boosting Oman’s drug security Jeddah Tower hits new construction milestone; tops 100 floors Qatar’s banking assets touch $596bln in February: QNBFS Dubai Holding Real Estate, ENBD partner to offer financing for key projects Ajman DED issues 1,617 new licences, renews 8,777 in Q1 Saudi: SFDA begins classifying fines according to size of establishment in bid to support MSMEs Burjeel Holdings strengthens growth outlook Saudi Arabia raises its oil price for Asia

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UAE's Khazna, NVIDIA partner to build AI-capable mega data centres across MEA

UAE's Khazna, NVIDIA partner to build AI-capable mega data centres across MEA

Jun 15, 2025

Khazna plans to develop data halls with individual capacities of up to 50MW, and AI clusters of up to 250MW each in 5GW UAE-US AI Campus

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Omani firm eyes drone-based cargo deliveries before year-end

Omani firm eyes drone-based cargo deliveries before year-end

Jun 11, 2025

The initiative centers on deploying a fleet of heavy-duty drones capable of handling cargo ranging from as little as 500 grams up to 700 kilograms: official

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ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project

ADNOC Gas awards $5bln in contracts for first phase of its Rich Gas Development Project

Jun 11, 2025

The contracts involve expanding key processing units to increase throughput and improve operational efficiency across four ADNOC Gas Facilities

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Saudi banks’ assets surged to $1.4trln in April 2025

Saudi banks’ assets surged to $1.4trln in April 2025

Jun 10, 2025

Growth driven by rising claims on the private, government sectors – central bank data

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Dubai's RTA launches traffic enhancement works in 40 locations

Dubai's RTA launches traffic enhancement works in 40 locations

Jun 10, 2025

The works will cover 22 major streets, nine school zones, more than five development areas, and several internal roads in Tolerance District, Al Khawaneej 2, and Nad Al Sheba

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Emirates NBD, Siemens to boost financing for large-scale green infrastructure projects

Emirates NBD, Siemens to boost financing for large-scale green infrastructure projects

Jun 10, 2025

These resources will support green infrastructure projects from installation through their entire lifecycle, including decarbonisation efforts

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UAE, EU continue talks on Comprehensive Economic Partnership Agreement

UAE, EU continue talks on Comprehensive Economic Partnership Agreement

May 29, 2025

The visit also included an investment roundtable with representatives from leading private sector companies aimed at exploring opportunities for increased collaboration and investment flows between the EU and UAE

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Qatar's knowledge transformation, shaping a diversified, sustainable economic model

Qatar's knowledge transformation, shaping a diversified, sustainable economic model

May 29, 2025

He noted that sectors such as manufacturing, services, and agriculture have shown measurable improvements thanks to AI assessments

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KPC: Kuwait oil price up 24 cents to $64.26 pb

KPC: Kuwait oil price up 24 cents to $64.26 pb

May 29, 2025

The prices of the Brent crude and West Texas Intermediate globally went down with the former decreasing by 65 cents to USD 64.09 per barrel, the latter declined by 64 cents to reach USD 60.89 pb

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