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Press Dossier   News Category    Economy   
Dubai records strongest residential year in 2025; nets $149bn in sales
United Arab Emirates: Dubai has recorded its strongest residential year on record for 2025, with total sales value reaching AED547 billion ($149 billion), up 28% year-on-year, across 203,000 transactions, with a 20% increase in volume, according to a report by betterhomes, an international proptech and real estate agency.
Mitsubishi Power snaps up major Qatar gas turbine order
Qatar: Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, has secured a major contract to supply advanced gas turbine technology for Qatar's Facility E Independent Water and Power Project (IWPP) in the Ras Abu Fontas area. It is expected to be operational in 2028.
UAE, Nigeria forge stronger economic ties with signing of Comprehensive Economic Partnership Agreement
United Arab Emirates: President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and His Excellency Bola Ahmed Tinubu, President of the Federal Republic of Nigeria, attended in Abu Dhabi on Tuesday the signing ceremony of a Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Nigeria.
BEEAH, Masdar to jointly develop utility-scale solar projects in Sharjah
United Arab Emirates: BEEAH, the region’s sustainability and innovation pioneer, and Abu Dhabi Future Energy Company PJSC – Masdar, a global clean energy leader, have signed a Joint Development Agreement (JDA) to identify and develop utility-scale clean energy projects in Sharjah.
Saudi inflation edges up to 2.1% on higher rents: GASTAT
Saudi Arabia: Saudi Arabia’s annual inflation rate rose to 2.1 percent in December, up from 1.9 percent a month earlier, as housing rents continued to drive price gains, official data showed.
Alef, Emaar unveil Palace luxury branded project in Sharjah
United Arab Emirates: Alef Group, a premier real estate developer in Sharjah, has announced the official launch of Palace Residences Al Mamsha, a luxury branded residential project developed in collaboration with Emaar Hospitality.
Intersec gets new unified international brand identity
United Arab Emirates: Messe Frankfurt Middle East has officially unveiled Intersec Global, a new unified international brand that brings together the world’s leading security, safety, and resilience events under a single global platform. The brand is headquartered in Dubai and aligned with the UAE’s long-term national priorities.
Saudi Arabia signs mining cooperation MoUs with Chile, Canada, and Brazil
Saudi Arabia: Saudi Arabia’s Ministry of Industry and Mineral Resources signed three international memoranda of understanding for cooperation in the field of mineral resources with Chile, Canada, and Brazil.
ESG Emirates Stallions unit to develop Rotana Residences on Al Reem Island
United Arab Emirates: Royal Development Holding, a premier real estate development firm and a subsidiary of ESG Emirates Stallions Group, announced today (January 13) the signing of an agreement with leading hospitality group Rotana to develop new premium residential towers on Al Reem Island, Abu Dhabi, under the Rotana Residences brand.
Dubai summit spotlights priorities shaping energy-efficient built environment
United Arab Emirates: Sustainability strategies for the built environment must evolve beyond net-zero targets to deliver measurable environmental impact and long-term return on investment, said global industry leaders while speaking at the Smart Building Summit being held on the sidelines of Light + Intelligent Building Middle East.
FMF: Saudi Arabia unveils mining infrastructure plan, financing portal
Saudi Arabia: Saudi Arabia announced a new initiative to strengthen mining infrastructure as the Kingdom hosted global industry leaders in Riyadh for the Future Minerals Forum, underscoring its ambition to position mining as a core pillar of economic diversification.
Saudi Mawani achieves a 10.58% YoY increase in container handling during 2025
Saudi Arabia: Saudi ports supervised by the Saudi Ports Authority, or Mawani, have recorded a 10.58 percent year-on-year increase in the number of containers handled during 2025 by 10.58 percent to reach 8.3 million standard containers, compared to 7.5 million standard containers last year.
Saudi minister casts minerals as global priority as FMF draws 100+ countries
Saudi Arabia: Minerals are becoming a shared global priority as governments seek resilient supply chains to support growth, energy transitions and digital infrastructure, Saudi Arabia’s industry minister said.
Dar Global, Trump expand Saudi portfolio with $1bn Jeddah luxury project
Saudi Arabia: Dar Global, the London-listed international luxury real estate developer, today (January 12) announced the official launch of Trump Plaza Jeddah, marking its third prestigious collaboration with The Trump Organisation in Saudi Arabia.
GFH Partners Manrre, Palmon open new chemical warehouse in Jafza
United Arab Emirates: GFH Partners Manrre REIT (CEIC), managed by GFH Partners, together with its development manager Palmon Group, today (January 12) announced the opening of a specialised temperature-controlled chemical warehouse in Jebel Ali Free Zone (Jafza), further expanding the Fund’s Grade A logistics portfolio.
Saudi Dar Al Arkan, Trump Organization unveil 1st Riyadh project in Wadi Safar
Saudi Arabia: Saudi developer Dar Al Arkan and its international unit Dar Global have unveiled the first of two Trump-branded projects planned for Riyadh, launching a 2.6 million-sq.-meter Trump International Golf Club in Wadi Safar.
Saudi Arabia leads GCC IPO market in 2025, raises $4.1bn: Markaz
Saudi Arabia: Saudi Arabia strengthened its role in the Gulf Cooperation Council’s initial public offering market in 2025, raising $4.1 billion in proceeds, the highest in the region, according to an analysis.
Saudi-Japanese Ministerial Investment Forum sees signing of 12 MoUs
Saudi Arabia: The Saudi-Japanese Ministerial Investment Forum saw the signing of 12 memorandums of understanding across a wide range of sectors, including space, finance and agriculture.
Dar Global, Trump expand Saudi portfolio with $1bn Jeddah luxury project
Saudi Arabia: Dar Global, the London-listed international luxury real estate developer, today (January 12) announced the official launch of Trump Plaza Jeddah, marking its third prestigious collaboration with The Trump Organisation in Saudi Arabia.
Saudi Arabia’s industrial output rises 10.4% in November: GASTAT
Saudi Arabia: Saudi Arabia’s industrial output rose at its fastest rate in months, climbing 10.4 percent year on year in November, supported by stronger manufacturing activity and higher oil production, official data showed.
5th Sharjah International Summit on Improvement in Education to take place on Feb.14-15
United Arab Emirates: Under the patronage of His Highness Dr Sheikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the fifth edition of the Sharjah International Summit on Improvement in Education will take place on Feb.14 and Feb.15, 2026, under the theme “Collaborating for Impact.”
Authority restores electricity across Sharjah
United Arab Emirates: The Sharjah Electricity, Water and Gas Authority has announced that the temporary power outage in the Emirate resulted from a localised emergency fault, which led tothe activation of automatic protection systems to safeguard grid stability.
Saipem announces restart of jack-up rig in Saudi Arabia
Saudi Arabia: Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore, has announced the restart of operations of the jack-up Perro Negro 7 in Saudi Arabia.
Design phase begins for key bridge project in Bahrain
Bahrain: Bahraini authorities have announced that the Muharraq-Arad Bridge project has entered the preliminary design phase
Up to $10bn of inflows could be unlocked by Saudi stock market reforms, experts say
Saudi Arabia: Saudi Arabia’s decision to open its financial markets to all foreign investors could unlock $10 billion of inflows and place the nation on an equal footing with other competitive emerging exchanges, experts told Arab News.
Dewa marks significant milestone in digital innovation, grid data analysis
United Arab Emirates: Dubai Electricity and Water Authority (Dewa) has won the ‘Innovative Power Technology of the Year — UAE’ award at the Asian Power Awards 2025, one of the most prestigious regional honours in the energy sector.
Empowering the future: SEF 2026 launches ‘Sharjah’s Little Founders’
United Arab Emirates: Dubai Electricity and Water Authority (Dewa) has won the ‘Innovative Power Technology of the Year — UAE’ award at the Asian Power Awards 2025, one of the most prestigious regional honours in the energy sector.
Saudi Arabia’s industrial output rises 10.4% in November: GASTAT
Saudi Arabia: Saudi Arabia’s industrial output rose at its fastest rate in months, climbing 10.4 percent year on year in November, supported by stronger manufacturing activity and higher oil production, official data showed.
Saudi Arabia’s AI imperative: seizing the agentic enterprise to fulfill Vision 2030 goals
Saudi Arabia: As Saudi Arabia advances its ambitious Vision 2030, a transformative shift in the global workplace underscores a critical opportunity for the Kingdom’s organizations.
Union Properties launches new tower in $544m master-planned development
United Arab Emirates: Union Properties has announced the launch of Mirdad Tower 2, a signature residential tower within its AED2 billion ($544.6 million) Mirdad master-planned development in Dubai’s Motor City.
Kuwait awards $119m South Sabah Al Ahmad City contract
Kuwait: Kuwait's Public Authority for Housing Welfare has awarded two contracts worth KD36.5 million ($119 million) for the supply, installation and maintenance of underground 400-kV cables to feed four main substations in South Sabah Al-Ahmad City.
Work on strategic energy, water projects in Al Ain region on track
Trade Arabia: Work is moving at a steady pace on strategic energy and water projects in Al Ain region which are due for completion as per schedule, according to the Department of Energy - Abu Dhabi (DoE).
Bahraini entrepreneur launches firm for smart cities management
Bahrain: A Bahrain entrepreneur has launched a company specialising in smart cities solutions that will operate across Bahrain, Saudi Arabia, and the UAE.
Up to $10bn of inflows could be unlocked by Saudi stock market reforms, experts say
Saudi Arabia: Saudi Arabia’s decision to open its financial markets to all foreign investors could unlock $10 billion of inflows and place the nation on an equal footing with other competitive emerging exchanges, experts told Arab News.
Stc Group issues US dollar-denominated sukuk with a total value of $2bn
Saudi Arabia: Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion across two tranches.
Top Sharjah real estate expo opens this month with 200+ projects
United Arab Emirates: Sharjah Real Estate Exhibition (Acres 2026) will open its doors this month featuring more than 200 projects by major property development and investment companies from across the UAE.
Saudi stock market soars on historic foreign investment reform
Saudi Arabia: Saudi Arabia’s Tadawul All Share Index surged at opening on Jan. 7, posting its largest single-day gain since September 2025, following the Kingdom’s Capital Market Authority decision to fully open the market to all categories of foreign investors.
Saudi Arabia launches first-of-its-kind AI venture fund to cultivate tech champions
Saudi Arabia launches first-of-its-kind AI venture fund to cultivate tech champions
UAE passenger rail network to cover 11 cities
United Arab Emirates:The UAE’s full passenger railway network will connect 11 cities and regions through strategically located stations, forming the UAE’s first fully integrated national passenger railway system, Etihad Rail announced on Thursday.
Piling, shoring works enter final stages at Amirah's Dubai Islands project
United Arab Emirates: UAE-based Amirah Developments has advanced into the final piling and shoring works for its first residential project, Bonds Avenue Residences, thus marking a key construction milestone at Dubai Islands, an emerging waterfront destination near the historic Deira district and Gold Souq.
Nakheel joins Bildits to launch hands-on construction initiative
United Arab Emirates: Nakheel, a member of Dubai Holding Real Estate, has partnered with Bildits, the creator of realistic construction learning kits, to launch Blueprint for the Future, a hands-on sustainability and construction initiative designed to equip high school students with practical skills in sustainable development and responsible design.
Dar Al Handasah appointed for study on $4bn Qatar-Bahrain causeway
Bahrain: Leading Lebanese firm Dar Al-Handasah has been awarded a QAR28 million ($7.7 million) contract to conduct studies for the Qatar-Bahrain causeway project, reported MEED.
Saudi stock market opens its doors to foreign investors
Saudi Arabia: Foreigners will be able to invest directly in Saudi Arabia’s stock market from Feb. 1, the Kingdom’s Capital Market Authority has announced.
Saudi Vision 2030 sectors fuel company growth as 192k firms register in 2025
Saudi Arabia: Saudi Arabia’s Ministry of Commerce announced growth in trade activities across the Kingdom’s promising Vision 2030 sectors during 2025.
Saudi Arabia in the final stages of launching the metals exchange, official reveals
Saudi Arabia: Saudi Arabia has reached the final implementation stage of launching a metals exchange after completing the feasibility study phase, the deputy minister of energy, industry and mineral resources revealed.
Saudi stock market opens its doors to foreign investors
Saudi Arabia: Foreigners will be able to invest directly in Saudi Arabia’s stock market from Feb. 1, the Kingdom’s Capital Market Authority has announced
Saudi Arabia tops globally in Road Network Connectivity Index
Saudi Arabia: Saudi Arabia has ranked first worldwide in the Road Network Connectivity Index, according to a report by the World Competitiveness Forum.
GCC economic growth lifts cross-border real estate ownership in 2024
United Arab Emirates: Economic, investment and services activity within the GCC expanded by the end of 2024, according to the Gulf Common Market – Facts and Figures publication issued by the GCC Statistical Centre (GCC-Stat).
Deyaar breaks ground on premium residential tower in Dubai
United Arab Emirates: Deyaar Development, a leading real estate developer in UAE, has officially broken ground on its flagship project - DWTN Residences - designed to redefine urban living in Dubai.
Deal to advance digital payment initiatives, support cashless strategy
United Arab Emirates: Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Free Zones (DFZ) Council, witnessed the signing of a Memorandum of Understanding (MoU) between the Department of Finance (DOF) and the Dubai Free Zones Council to advance digital payment initiatives and support Dubai’s Cashless Strategy.
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