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Saudi Arabia's real GDP grows 3% in first quarter

Saudi Arabia s real GDP grew by 3.0% in the first quarter of 2026 compared with the same quarter of 2025 supported by growth in both oil and non-oil activities. Oil and non-oil sectors expanded by 2.9%...

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Oman signs $7.54bn investment deals for Duqm Special Economic Zone

Oman has signed 10 agreements and memoranda of understanding to establish new projects with an investment value of RO2.9 billion in the Duqm Special Economic Zone said an Oman News Agency post in X platform....

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Joramco Academy opens student applications for aircraft MRO programme

Joramco Academy the educational arm of Amman-based aircraft maintenance repair and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE) is now accepting student applications...

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Dubai launches 'SME in a Box' platform to help set up businesses faster

The Dubai Department of Economy and Tourism (DET) has launched SME in a Box a new platform designed to make it faster simpler and more cost-efficient for entrepreneurs to start and operate businesses in...

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SAFEEN Drydocks secures $354m vessels construction deal

SAFEEN Drydocks a shipbuilding repair and maintenance company has secured two major vessel construction contracts valued at AED1.3 billion ( 354 million) in total marking the largest awards secured by...

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Taqa consortium wins 2.6GW Taweelah power project contract

Emirates Water and Electricity Company (EWEC) has announced that a consortium led by Abu Dhabi National Energy Company (Taqa) with key members - Saudi group Aljomaih Energy and Water Company and China...

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UAE non-oil sector growth remains subdued as disruptions impact output

The UAE s non-oil private sector faced ongoing headwinds in May as regional geopolitical tensions and supply-chain disruptions constrained growth and pushed operating costs up further. The seasonally adjusted...

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Elsewedy Electric steps up efforts to empower Saudi women in the workplace

Elsewedy Electric a leading integrated provider of energy and infrastructure solutions across Europe the Middle East and Africa said the group continues its efforts to empower Saudi women and actively...

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JNK India snaps up large overseas EPC contract for Abu Dhabi project

JNK India a specialist in process-fired heaters reformers and related thermal engineering solutions for the energy and process industries has announced that it has secured a large order - in the range...

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DWTC generates record AED25bn in economic output in 2025

Dubai World Trade Centre (DWTC) generated a record AED25.03 billion ( 6.82 billion) in economic output through its calendar of large-scale business events in 2025 further strengthening its role as a key...

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Holidays slow global air cargo traffic but not pricing

Global traffic volume in terms of chargeable weight dropped in week 22 (25 to 31 May) by -9% week on week (WoW) largely in response to public holidays Pentecost US Memorial - Day and Eid al-Adha a decrease...

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ASMO appoints new Chief Executive Officer

ASMO the joint venture between Saudi Aramco and DHL has appointed Nico Schuetz as Chief Executive Officer effective June 1 2026. He will report to the ASMO Board and be based in Dammam Saudi Arabia. Schuetz...

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Almarai opens nominations for $500,000 food security research prize

Saudi food conglomerate Almarai has announced that it has opened nominations for the 2026 edition of its food security research award offering 500 000 to support scientific work aimed at improving food...

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Dubai Chambers discusses enhancing trade ties with Western Cape

Dubai Chambers has explored ways to strengthen trade and investment flows with South Africa s Western Cape province during a recent meeting with Alan Winde Premier of the Western Cape. The meeting took...

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Saudi Arabia’s non-oil private sector makes strong recovery in May

Saudi Arabia s non-oil private sector strengthened in May as the latest Riyad Bank Saudi Arabia PMI showed output increasingly sharply as domestic demand improved and supply chains stabilised. However...

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Etihad Rail taps rail freight to streamline seafood supply chain

As part of a community-driven initiative Etihad Rail Freight a subsidiary of Etihad Rail which is responsible for delivering freight services has partnered with the Abu Dhabi Fishermen Cooperative Society...

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