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Saudi non-oil economy powers next phase of real estate growth

The Kingdom of Saudi Arabia remains one of the world s most active real estate development markets supported by robust non-oil economic growth ongoing regulatory reform and a substantial pipeline of infrastructure...

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GWC Group in deal to set up retail facility in Logistics Village Qatar

Gulf Warehousing Company (GWC Group) one of the region s leading logistics groups has signed a 15-year leasing agreement with Safari Shopping Center to establish a dedicated commercial retail facility...

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Dubai Future Foundation, Oxa launch autonomous logistics future lab

Dubai Future Foundation said it has joined hands with global vehicle technology company Oxa to launch a joint venture focused on developing autonomous logistics solutions as the emirate seeks to strengthen...

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Oman's Ibri Industrial City attracts $65m in H1 investments

Oman s Public Establishment for Industrial Estates (Madayn) has announced that its Ibri Industrial City has attracted investments worth about RO25 million ( 65 million) during the first half signing 17...

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Saudi launches maritime security alliance as conflict threatens Suez shipping

Saudi Arabia has launched a major international initiative to safeguard global shipping lanes securing the backing of 14 countries for a proposed Maritime Defense Alliance as escalating conflict between...

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Saudi food company Al Babtain to sell entire stake in Jordan's Chocolate Lake

Saudi Arabia s Al Babtain Food Company has announced plans to sell its entire 3% stake in Jordan-based Chocolate Lake Company for Chocolate and Confectionery Manufacturing to Dubai International Financial...

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Abu Dhabi’s Al Seer Marine records $158m revenue in H1

Al Seer Marine a subsidiary of Abu Dhabi-based International Holding Company has recorded a total revenue of AED579 million ( 158 million) for the first six months of 2026 thus demonstrating the strength...

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Saudi shipper Bahri posts record Q2 profit, revenue soars to $1.6bn

Saudi Arabia s National Shipping Company (Bahri) today (July 29) reported a more than six-fold increase in its second-quarter net profit while its revenue soared to SAR6.31 billion ( 1.6 billion) helped...

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Taqa launches $750m blue bond to fund sustainable water infrastructure

Taqa Abu Dhabi National Energy Company has issued a 750 million Blue Bond to support sustainable water and wastewater management projects marking the largest Blue Bond ever issued by an integrated power...

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Shaker Group's H1 revenue down 3.4pc on weaker HVAC sales

Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) Saudi Arabia s leading manufacturer importer and distributor of air conditioners and home appliances said it focused on strengthening its operational...

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Saudi glass maker Zoujaj's fire-hit production line back in operation

Saudi Arabia s National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year while raising its estimate of repair...

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EMSTEEL revenues increase 11% in Q2, profits jump 157%

EMSTEEL one of the largest publicly traded steel and building materials manufacturers in the region reported revenues of AED2.4 billion ( 653.51 million) for the second quarter of 2026 (Q2) an increase...

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Bahrain strengthens investment ties with France, Monaco after high-level economic mission

Bahrain has reinforced its economic and investment partnerships with France and the Principality of Monaco following a high-level four-day mission led by Noor bint Ali Alkhulaif Minister of Sustainable...

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Robo.ai joins forces with Abu Dhabi group to launch AI industrial group

Robo.ai a Dubai-based technology company dedicated to building an artificial intelligence machine economy platform has announced that it has joined hands with Abu Dhabi-based Eleven International Holding...

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DP World opens first multi-client warehousing facility in Saudi Arabia

DP World has started operations at its first multi-client third-party logistics (3PL) warehouse in Saudi Arabia expanding integrated warehousing and distribution capacity for businesses serving the kingdom...

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Oil under pressure as Hormuz shipping hopes improve, says expert

Oil prices remained under pressure as the pause in military operations in the Middle East reduced the risk of immediate geopolitical escalation said an industry expert. Hopes surrounding talks between...

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