UAE deploys $272mln fund to bolster critical industries Etihad Rail, AD Ports launch direct Fujairah-Abu Dhabi freight service Sharjah-Oman logistics corridor cargo value jumps 66% to $463mln Saudi Arabia seeks greater private-sector role in industrial growth Oman Islamic banking assets top over $24bln Salama, Ajman Bank establish strategic partnership CBUAE, Mastercard conclude programme to strengthen national capabilities in fraud risk management Qatar Chamber enhances trade relations with Malaysia's Malacca State Saudi business confidence climbs to 56.7 points on industry, services gains Qassim Cement to acquire 100% of A-Mix for $17.3mln Oman, US discuss financial crime cooperation Saudi's HADAF invests $522mln through 26 strategic partnerships to train, employ 16,000 citizens Qatar, North Macedonia sign agreement to strengthen cooperation in labour sector Sharjah draws investment projects worth $2.1bln in 2025 Saudi Arabia records $1.54bln in POS transactions in one week UAE non-oil growth hits fastest pace since December 2024, PMI shows Oman’s non-oil exports rise 11.4% to $9.3bln, re-exports jump 20% UAE participates in second G20 Finance Ministers and Central Bank Governors meeting Saudi Arabia and Syria sign 4 pacts to boost cooperation in transport and logistics sectors Geological assets drive mining, manufacturing growth in Fujairah RAK Chamber explores trade, investment opportunities at UAE-Lebanon Business Forum Saudi Arabia agrees to raise Pakistani agricultural and food exports to $3bln UAE investment council launches data tools to boost overseas investment Oman's public revenue rises 13% to $17.2bln in first half of 2026 Saudi Arabia’s construction costs rise 2.3% in July 2026 ADIB provides $37mln Islamic financing for Glasgow logistics hub Oman’s tea and coffee imports hit record highs Total value of Bahraini exports hit $5.04bln Oman: ARA eyes Q3 2027 gas pipeline launch Oman: Sohar International establishes innovation hub at Terminal 11 to support fintech growth

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DEWA's electricity transmission investments surpass $2.07bln

DEWA's electricity transmission investments surpass $2.07bln

Aug 06, 2025

DEWA commissioned four 132 kV substations with a conversion capacity of 450 megavolt-amperes during the first half of 2025

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Saudi rig group ADES to buy Norway rival Shelf in $380mln deal

Saudi rig group ADES to buy Norway rival Shelf in $380mln deal

Aug 06, 2025

The combined group will have 83 offshore jack-up drilling rigs serving the international oil and gas industry

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Saudi budget deficit shrinks to $9.21bln as oil, other revenues rise

Saudi budget deficit shrinks to $9.21bln as oil, other revenues rise

Aug 04, 2025

Oil income rose by 1.28% to reach 151.734 billion riyals

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Kuwait oil price up 39 cents to $76.19 pb - KPC

Kuwait oil price up 39 cents to $76.19 pb - KPC

Aug 04, 2025

Globally, the price of Brent crude fell 71 cents to USD 72.53 pb, while West Texas Intermediate crude went down 74 cents to USD 69.26 pb

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GCC's total GDP at constant prices exceeds $456bln

GCC's total GDP at constant prices exceeds $456bln

Aug 04, 2025

Contribution of non-oil activities to the GCC’s real GDP at the end of Q4 2024 amounted to 70.6%

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Kuwait oil price up 79 cents to $71.65 pb - KPC

Kuwait oil price up 79 cents to $71.65 pb - KPC

Jul 27, 2025

Globally, price of Brent crude went up by 67 cents to USD 69.18 pb, and West Texas Intermediate crude rose by 78 cents to USD 66.03 pb

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Ras Al Khaimah: 14.5% increase in total licensed capital of active business licences H1

Ras Al Khaimah: 14.5% increase in total licensed capital of active business licences H1

Jul 27, 2025

The report also noted a 6% growth in the total number of active licences in the emirate compared to the same period last year

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Saudi Arabia shuts 267 digital platforms to boost unified government services

Saudi Arabia shuts 267 digital platforms to boost unified government services

Jul 22, 2025

The move reflects a broader commitment to improving the quality of government digital services and ensuring platform integration in line with Saudi Arabia’s strategic digital transformation goals

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Kuwaiti-Saudi joint cmte holds 118th meeting to advance oil coop.

Kuwaiti-Saudi joint cmte holds 118th meeting to advance oil coop.

Jul 22, 2025

Discussions also addressed emergency response plans, operational procedures, and ongoing efforts to improve capabilities and performance

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