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UAE Non-Oil Trade Reaches Record $527 Billion

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Global economic partnerships strengthen UAE trade growth The UAE’s non-oil foreign trade has reached a record $527 billion, highlighting the country’s continued economic diversification and growing international trade network. The UAE’s network of international economic partnership agreements has also expanded to 38 deals, giving local companies greater access to overseas markets and creating new opportunities […]

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Gulf Economy Shows Resilience Despite Prolonged Regional Disruption

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Diversification and alternative export routes help limit the economic impact The Gulf economy has demonstrated more resilience than some early forecasts suggested, although prolonged disruption around the Strait of Hormuz continues to create significant risks for trade, energy exports and supply chains. The National reports that the economic shock has become more complicated than a

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Abu Dhabi Extends Housing Loan Activation Period by Two Years

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New flexibility supports construction and home-development projects The Abu Dhabi Housing Authority has extended the activation period for construction, demolition, reconstruction and home-maintenance loans by two years. The move is designed to give Emirati beneficiaries additional time to plan and complete housing projects while dealing with changing construction costs, contractor availability and project requirements. The

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Saudi Arabia Signs Power Agreement for Expo 2030 Riyadh

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Major electricity infrastructure planned for the 6-million-square-metre Expo site Saudi Energy and Expo 2030 Riyadh have signed an agreement covering electricity supply and infrastructure for the future World Expo site in Riyadh. The agreement represents another major step in preparing the site for the international event. The planned infrastructure includes a main supply substation, three

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UAE Non-Oil Trade Hits Record $527 Billion

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Economic partnership network expands to 38 deals The UAE’s non-oil foreign trade has reached a record $527 billion, highlighting the country’s continued push to diversify its economy beyond hydrocarbons. The expansion comes alongside a growing network of international economic partnership agreements, which has now reached 38 deals. The development is significant for the UAE’s long-term

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Gulf AI and Data Center Expansion Gains Strategic Importance

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UAE and Saudi Arabia push to become global compute and cloud hubs Saudi Arabia and the UAE are accelerating investment in AI infrastructure, hyperscale data centers, cloud computing, and cybersecurity as competition for global computing capacity intensifies. Industry discussions highlighted by Reuters NEXT Gulf suggest the region is positioning itself as a future AI and

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Saudi Arabia Intensifies Investment in Logistics, Industry, and Technology

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Vision 2030 spending shifts toward higher-return sectors Saudi Arabia is continuing to prioritize investment in logistics, advanced manufacturing, tourism, AI, and industrial infrastructure as part of the next phase of Vision 2030. Reuters analysis indicates that government spending is increasingly focused on projects expected to deliver stronger economic returns, attract foreign capital, and accelerate non-oil

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DIFC Crosses 10,000 Active Companies as Dubai Finance Hub Continues Expanding

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Wealth management, fintech, and banking drive record growth Dubai International Financial Centre has surpassed 10,018 active registered companies, attracting 2,318 new firms over the last 12 months and 1,506 in the first half of 2026 alone. Growth has been particularly strong in wealth and asset management, fintech, banking, and capital markets, reinforcing Dubai’s position as

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ADNOC Adopts More Aggressive Oil Trading Strategy After UAE’s OPEC Exit

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Abu Dhabi expands Asian exports and flexible supply contracts ADNOC has significantly expanded its spot cargo sales, widened its customer base, and introduced more flexible contract terms following the UAE’s exit from OPEC and the disruption caused by the Iran conflict. Reuters reported that the company has also invested heavily in tanker fleet expansion and

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