News Archives - Page 7 of 27 - Arabian networking group

Saudi Arabia to Require 70% Localization in Project Management Roles

New Saudization requirement targets specialised private-sector positions Saudi Arabia will introduce a 70% Saudization requirement for project-management professions from 14 February 2027. The requirement will cover roles including project-management directors, engineers and specialists. The Ministry of Human Resources and Social Development said the policy is intended to increase participation by Saudi nationals in specialised private-sector […]

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Dubai Stocks Fall as Air Arabia and ALEC Earnings Weigh on Market

News / Sehaj Singh

Corporate earnings create pressure on Dubai equities Dubai’s stock market came under pressure on 14 August, with the main index falling 0.4% for a second consecutive session. Weak corporate earnings and continuing geopolitical uncertainty contributed to the decline. Air Arabia fell 4.1% after reporting a 75% year-on-year decline in second-quarter net profit to AED 87.9

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UAE Condemns Attack on Two ADNOC-Linked Vessels

News / Sehaj Singh

Maritime security becomes a major issue for Gulf energy businesses The UAE has condemned an attack on two vessels affiliated with ADNOC while they were travelling through the Strait of Hormuz. No injuries were reported, but the incident has highlighted the growing risks faced by energy companies and shipping operators using the strategic waterway. The

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Gulf Economy Shows Resilience Despite Continued Regional Trade Disruption

News / Sehaj Singh

Diversification and alternative infrastructure provide economic support Gulf economies are proving more resilient than some early expectations despite continued disruption around the Strait of Hormuz. The economic effects are extending beyond oil prices. Shipping costs, insurance premiums, supply-chain disruptions and difficulties moving energy and goods are creating additional pressure for companies across the region. The

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Saudi Arabia Signs Major Power Infrastructure Agreement for Expo 2030 Riyadh

News / Sehaj Singh

Electricity network planned for one of Saudi Arabia’s biggest international projects Saudi Arabia has signed an agreement covering electricity infrastructure for the Expo 2030 Riyadh site, marking another major step in preparations for the international event. The planned infrastructure includes a main electricity supply substation, three primary substations, transmission networks and distribution networks. The Expo

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UAE Non-Oil Trade Reaches Record $527 Billion

News / Sehaj Singh

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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UAE Condemns Attack on Two ADNOC-Linked Vessels

News / Sehaj Singh

Maritime security becomes a major concern for regional energy trade The UAE has condemned an attack on two vessels affiliated with state energy company ADNOC while they were transiting the Strait of Hormuz. No injuries were reported. The UAE Ministry of Foreign Affairs described the incident as a serious violation of freedom of navigation and

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Gulf Economy Shows Resilience Despite Prolonged Regional Disruption

News / Sehaj Singh

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

News / Sehaj Singh

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

News / Sehaj Singh

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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