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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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Saudi Arabia M&A Activity Reaches $689 Million in Q1 2026

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Saudi accelerates as Vision 2030 attracts investors Saudi Arabia recorded 24 merger and acquisition transactions worth approximately $689 million during the first quarter of 2026, reflecting growing investor confidence in the Kingdom’s economic transformation program. Analysts attribute the increase to Vision 2030 reforms, expanding private-sector participation, and stronger foreign investment interest. The trend highlights Saudi

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Oil Nears $100 Per Barrel as Middle East Tensions Impact Markets

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Energy traders monitor regional developments closely Global oil prices climbed toward $100 per barrel as tensions in the Middle East continued influencing market sentiment. Investors remain focused on potential supply disruptions affecting key shipping routes and production facilities. Rising oil prices are expected to affect transportation, manufacturing and inflation across global markets. Source : The

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