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Saudi Arabia’s Non-Oil Economy Hits Three-Month Growth High

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Domestic demand drives private sector expansion despite regional challenges Saudi Arabia’s non-oil private sector recorded its fastest growth in three months during May 2026, according to the latest PMI data. Improved domestic demand, stronger business activity, and stabilizing supply chains helped boost economic performance. While export orders remain under pressure from regional tensions and shipping […]

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Digital Payments Expansion Accelerates Across Saudi Arabia and GCC

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New partnerships boost fintech and e-commerce growth Digital payment adoption across Saudi Arabia and the GCC continues to accelerate as payment technology providers expand partnerships with major retailers and healthcare companies. Recent agreements between payment firms and regional businesses are expected to improve online transactions, customer experiences, and cross-border commerce. The trend reflects broader growth

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Saudi Arabia Launches New Makkah Development Strategy

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Major real estate and tourism projects announced Saudi developer Umm Al Qura for Development & Construction has announced a new five-year strategy focused on expanding development projects in Makkah. The company plans to strengthen tourism infrastructure, hospitality services, residential communities, and commercial developments as Saudi Arabia prepares for continued growth in religious tourism and international

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Emirates NBD Expands Sustainability Data Services for UAE Companies

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Banking sector increases ESG support for businesses Dubai-based banking giant Emirates NBD has integrated advanced sustainability and ESG data solutions into its corporate advisory services. The initiative is designed to help UAE businesses improve risk assessment, sustainability reporting, and environmental compliance. Financial institutions across the Gulf are increasingly investing in ESG-focused services as investors place

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UAE Businesses Prepare for Major E-Invoicing Transformation

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New digital tax infrastructure rollout moves closer The UAE is accelerating preparations for its nationwide e-invoicing framework scheduled before 2027. Businesses are being encouraged to modernize accounting systems and digital reporting capabilities to comply with the upcoming five-corner e-invoicing model. Industry experts believe the new framework will improve tax efficiency, reduce administrative costs, strengthen compliance,

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Saudi Arabia Emerges as Gulf Business Safe Haven Despite Regional Conflict

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Strong domestic demand and Vision 2030 reforms attract investors Saudi Arabia continues to attract businesses and entrepreneurs despite ongoing regional tensions. New reports show that companies across the Gulf are increasingly viewing the Kingdom as a resilient economic hub due to strong domestic demand, expanding non-oil sectors, and continued government investment under Vision 2030. The

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Dubai-Based DAMAC Digital Targets 6,000MW IT Infrastructure Capacity

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Massive expansion supports AI and data center growth Dubai-headquartered DAMAC Digital announced plans to reach 6,000 megawatts of planned IT infrastructure capacity as demand for AI computing, cloud services and digital infrastructure continues growing globally. The expansion reflects increasing investment in data centers and technology infrastructure across the UAE and wider Gulf region. Analysts view

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AD Ports Expands Globally with $835 Million Brazil Terminal Deal

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UAE logistics giant enters Latin American market Abu Dhabi-based port operator AD Ports Group has expanded its international footprint through an $835 million terminal acquisition in Brazil. The deal marks a significant step in the company’s strategy to strengthen global logistics networks and diversify revenue streams beyond the Middle East. Experts say the move reinforces

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UAE Accelerates Development of AI Unicorn Companies

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Government initiatives target next generation of technology startups The UAE is expanding efforts to create globally competitive artificial intelligence companies through new investment programs, startup incentives and innovation initiatives. Officials believe AI will become a major driver of economic diversification and future GDP growth. The strategy supports the country’s ambition to become a global technology

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Abu Dhabi Investment Firm Launches New GCC Shariah Dividend ETF

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New exchange-traded fund expands regional investment options Abu Dhabi-based investment company Lunate has launched a new GCC Shariah-compliant dividend ETF on the Abu Dhabi Securities Exchange. The fund aims to provide investors with exposure to dividend-paying companies across Gulf Cooperation Council markets while adhering to Islamic finance principles. Industry experts view the launch as another

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