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Saudi Arabia and German Companies Explore Renewable Energy Investment

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Jeddah Chamber Hosts German Energy Delegation The Jeddah Chamber hosted a delegation of nine German companies working in energy, renewable energy and infrastructure contracting. The discussions focused on potential joint investment opportunities, technology and knowledge transfer, stronger trade relations and new partnerships between Saudi and German companies. Renewable energy was a major area of interest, […]

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UAE and Syria Central Banks Sign Financial Cooperation Agreement

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MoU Covers Payments, Fintech and Financial Regulation The Central Bank of the UAE (CBUAE) and the Central Bank of Syria have signed a Memorandum of Understanding to strengthen financial and technical cooperation. The agreement creates a framework for exchanging expertise and information across areas including payment systems, monetary policy, cash management and financial technology. The

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Saudi Arabia to Bring Global Water Regulators Together in Riyadh

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New WREx Forum Targets Water Regulation and Investment The Saudi Water Authority (SWA) will launch the inaugural Water Regulation Exchange (WREx) in Riyadh on 1 November 2026. The forum will bring together regulators, policymakers, water-sector experts and industry leaders from around the world. The event is expected to include 28 speakers from 24 countries, alongside

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Bahrain Bank Becomes First Globally to Implement J.P. Morgan’s Overnight Murabaha Solution

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Al Salam Bank Introduces New Sharia-Compliant Liquidity Tool Al Salam Bank, Bahrain’s largest domestic bank, has become the first bank globally to implement J.P. Morgan Payments’ Overnight Murabaha solution. The system allows banks to earn Murabaha-based overnight returns on balances held in nostro accounts with J.P. Morgan Payments. It is designed to improve short-term liquidity

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UAE Launches Its First Commercial AI-Enabled Satellite

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Orbitworks Successfully Deploys Altair-1 from Abu Dhabi UAE-based Orbitworks has successfully deployed Altair-1, the country’s first commercial satellite, marking a significant development for the UAE’s commercial space industry. Altair-1 is the first of a planned 10-satellite AI-enabled Earth observation constellation. The satellite was built at Orbitworks’ facility in Abu Dhabi’s KEZAD and launched aboard SpaceX’s

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Indonesia Seeks GCC Trade Deal to Boost Technology Transfer

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New trade agreement could strengthen Gulf–Southeast Asia supply chains Indonesia is seeking a trade agreement with the GCC aimed at increasing technology transfer, strengthening supply-chain resilience and expanding economic cooperation. The initiative could deepen links between Indonesia and Gulf economies across technology, manufacturing, energy and other strategic sectors. For GCC countries, Indonesia represents an important

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GCC Fleet Management Market Set to Reach 12.5 Million Units by 2030

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AI and connected-vehicle technology drive rapid logistics growth The installed base of active fleet-management systems across the GCC and Turkey is projected to grow from around 6.4 million units at the end of 2025 to 12.5 million by 2030. According to Berg Insight, the market is expected to expand at a 14.4% compound annual growth

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Saudi Arabia and Pakistan Deepen Cybersecurity Cooperation

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New cybersecurity agreement signed during LEAP 2026 Saudi Arabia and Pakistan have agreed to deepen cooperation in cybersecurity and digital technology through a new memorandum of understanding. Pakistan’s Ministry of IT and Telecommunications and Saudi Arabia’s National Cybersecurity Authority signed the agreement, focusing on cooperation against cybersecurity threats and strengthening digital security capabilities. The development

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