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Saudi Arabia and Russia Call for Stable Global Energy Markets

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Energy cooperation remains key amid uncertain demand outlook Saudi Energy Minister Prince Abdulaziz bin Salman met Russian officials during the St. Petersburg International Economic Forum and emphasized the need for stable global energy supplies. Both countries highlighted uncertainty surrounding future oil demand and reaffirmed cooperation on energy market stability. Industry experts say the discussions could […]

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Riyadh Introduces Flexible Working Hours Across Major Business Districts

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New initiative supports productivity and urban development goals Saudi Arabia has launched flexible working hours in six major business districts across Riyadh. The initiative aims to reduce traffic congestion, improve employee productivity, and enhance quality of life while supporting the Kingdom’s Vision 2030 modernization efforts. Business leaders believe the move could increase workplace efficiency and

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UAE Non-Oil Business Activity Continues Expanding Despite Trade Challenges

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Private sector growth remains positive as companies adapt The UAE’s non-oil private sector continued growing during May, with the PMI rising to 52.6. Businesses faced delays in shipping and logistics due to disruption around regional trade routes, but overall activity remained in expansion territory. Companies remain optimistic about future growth, supported by strong domestic demand

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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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