Saudi market starts the week with gains Saudi Arabia’s Tadawul All Share Index gained 35.74 points, or 0.32%, on Sunday to close at 11,068.65. Trading volume reached 160.79 million shares, with transactions valued at around SR2.96 billion ($789 million). The MSCI Tadawul 30 Index also rose 0.38% to 1,488.06. The latest market performance comes as […]
Saudi Stocks Rise as Tadawul Closes Above 11,000 Read More »
Investment, technology and clean energy emerge as key areas India’s 2026 BRICS presidency is creating a new platform for strengthening economic relationships with the UAE and Saudi Arabia, particularly in investment, technology, energy and trade. Saudi Arabia and the UAE are part of the expanded BRICS grouping, giving the bloc greater influence across global energy
India Uses BRICS Presidency to Deepen Gulf Economic Ties Read More »
Real-time pollution tracking and emissions monitoring expand The UAE is strengthening its national environmental infrastructure through a new real-time air-quality monitoring and emissions-management system. The UAE’s National Air Quality Platform provides a real-time overview of air-quality conditions across the country, while a centralised digital dashboard integrates monitoring data from local environmental authorities. The government has
UAE Launches New National Clean-Air Digital Strategy Read More »
Saudi Arabia and seven OPEC+ producers hold October output steady OPEC+ has decided to keep October 2026 oil-production targets unchanged, following a virtual meeting on September 6. The decision was taken by Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman as the group evaluates ongoing geopolitical risks and disruptions affecting oil exports through the
OPEC+ Keeps October Oil Production Targets Unchanged Read More »
World’s largest integrated off-grid renewable system starts commercial operations Saudi Arabia ke The Red Sea tourism destination ne ek major sustainability milestone achieve kiya hai. Project ne aaj commercial operations start kiye with an integrated utilities system operating without connection to Saudi Arabia’s national electricity grid. The system includes a 340 MW solar PV plant
Saudi Red Sea Project Begins Operations With Giant Renewable Energy System Read More »
Umm Al Quwain Free Zone partners with Port City Colombo The Umm Al Quwain Free Trade Zone and Port City Colombo in Sri Lanka have signed an agreement designed to promote investment and expand business opportunities between the two markets. The partnership aims to create a structured channel for UAE-based companies looking to expand into
UAE–Sri Lanka Investment Corridor Gets New Boost Read More »
AI-powered logistics platform targets wider Gulf market Saudi logistics technology startup Sirdab has raised $10 million in Series A funding in a round co-led by PIF-backed Elm and BECO Capital. The company plans to use the funding to expand its warehousing and transportation network across Saudi Arabia and the wider GCC. Sirdab is also developing
Saudi Logistics Startup Sirdab Raises $10M for GCC Expansion Read More »
UAE startup expands its technology platform into the US Dubai-founded fitness technology company Enhance has raised $18.2 million through a combination of equity and venture debt. The company, founded in Dubai in 2018, plans to use the funding to accelerate its US expansion. Enhance’s platform already operates across more than 700 US clubs, supports around
Dubai-Based Fitness Tech Startup Enhance Raises $18.2M Read More »
Saudi AI giant expands beyond domestic infrastructure Saudi AI company HUMAIN is pursuing a two-track AI investment strategy that could involve a global venture fund potentially exceeding $10 billion, alongside a separate $2.5 billion vehicle focused on domestic data-centre financing. The strategy reflects Saudi Arabia’s ambition to move from being an AI infrastructure investor to
Saudi Arabia’s HUMAIN Builds $10B+ Global AI Investment Strategy Read More »
UAE economy remains resilient despite external risks S&P Global Ratings ne UAE ki long- and short-term sovereign credit ratings ko AA/A-1+ par maintain kiya hai, with a Stable outlook. The rating agency highlighted the UAE’s strong fiscal position, sovereign wealth fund assets, foreign-exchange reserves and resilient banking sector as major buffers against external shocks. S&P
UAE Retains AA Credit Rating as S&P Highlights Strong Financial Buffers Read More »