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 […]
UAE Non-Oil Trade Hits Record $527 Billion Read More »
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
Gulf AI and Data Center Expansion Gains Strategic Importance Read More »
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
Saudi Arabia Intensifies Investment in Logistics, Industry, and Technology Read More »
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
DIFC Crosses 10,000 Active Companies as Dubai Finance Hub Continues Expanding Read More »
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
ADNOC Adopts More Aggressive Oil Trading Strategy After UAE’s OPEC Exit Read More »
Oil prices and shipping risks remain the biggest market drivers Gulf stock markets closed mixed as investors continued assessing the economic impact of prolonged disruption around the Strait of Hormuz and ongoing U.S.-Iran tensions. Saudi Arabia’s benchmark index fell 0.2%, Dubai slipped 0.2%, while Abu Dhabi gained 0.3% as energy and logistics stocks provided some
Gulf Markets Stay Mixed as Hormuz Disruption Continues to Pressure Investors Read More »
Data centers and cloud investment remain strategic priorities Saudi Arabia and the UAE are continuing major investment in AI infrastructure, hyperscale data centers, cloud computing, and cybersecurity platforms as part of broader digital transformation strategies. The expansion of cloud and AI capacity is aimed at attracting global technology companies, supporting enterprise digitalization, and positioning the
Saudi Arabia and UAE Continue Leading Regional AI Infrastructure Growth Read More »
Ports and logistics investments support international connectivity The UAE continues expanding its global trade and infrastructure footprint through investments in ports, logistics corridors, transport networks, and strategic international partnerships. Companies such as DP World and AD Ports Group remain central to the country’s strategy of strengthening connectivity between Asia, Europe, Africa, and the Middle East,
UAE Strengthens Global Trade and Infrastructure Network Read More »
Vision 2030 spending prioritizes non-oil growth sectors Saudi Arabia is intensifying investment in logistics, advanced manufacturing, tourism, mining, and industrial infrastructure under Vision 2030. Analysts say the Kingdom’s focus on supply-chain connectivity and industrial ecosystems is helping attract foreign investment while supporting long-term non-oil economic diversification. Reuters previously highlighted that logistics investment is becoming an
Saudi Arabia Accelerates Logistics and Industrial Diversification Push Read More »
Wealth management and fintech continue driving growth Dubai International Financial Centre reported that active registered companies rose above 10,000 in the first half of 2026, with 1,506 new companies joining during the period. Growth was especially strong in wealth management, family offices, regulated financial services, and fintech, reinforcing Dubai’s position as a leading global financial
DIFC Crosses 10,000 Active Companies as Dubai Finance Hub Expands Read More »