
Hanwha Power Systems signs lease for compressor-packaging and service centre in Saudi Arabia
South Korean energy-equipment firm Hanwha Power Systems has signed a land-lease agreement to build an ~11,600 m² compressor-packaging and service centre at King Salman Energy
HRS opens subsidiary in Dubai to accelerate Middle East development
Global hospitality/tech company HRS has opened a new subsidiary in Dubai as part of its strategy to expand across the Middle East market. Source: Uk.finance.yahoo.com

Kuwait Finance House adopts AI-avatar in branch service through partnership with NCR Atleos
KFH has partnered with NCR Atleos to deploy a hyper-realistic conversational AI avatar in its branches, improving customer experience and transforming in-branch service. Source: World

Industrial real-estate project launched in Sharjah with AED 180 million investment
Developer PERIFA (Australia-based) is entering the UAE market via its first international development: an AED 180 million industrial project in Sharjah’s Al Qasimiah Gate Industrial

Saudi Aramco Q3 profit falls 2.3% as crude prices slide
Saudi Aramco reported Q3 net profit of 101.02 billion riyals (~US$26.94 billion), down 2.3% year-on-year, citing lower crude and product prices despite higher production. Source:

Gulf markets mixed on weak oil and Fed outlook
Most Gulf stock markets closed lower, weighed down by sluggish oil prices and dampened hopes for a U.S. rate cut. For example, the Saudi index

OPEC+ eight members reaffirm commitment to market stability, adjust production schedule
The group of eight major OPEC+ oil-producing countries announced a production adjustment of 137,000 barrels per day effective December and will pause production hikes in

Arrow Global deepens strategic commitment with new UAE office
European alternative asset manager Arrow Global has opened a new office in the UAE to serve Middle East institutional investors including sovereign wealth funds and

Marsh McLennan appoints Andrea Bono as CEO for India, Middle East & Africa
Professional services firm Marsh McLennan has appointed Andrea Bono as CEO of its India, Middle East and Africa region, effective January 2026. Based in Dubai,