Oman’s Public Establishment for Industrial Estates (Madayn), has announced that its key affiliated unit - Raysut Industrial City - attracted nine new projects in the first half of 2026. The projects span key sectors including iron manufacturing, mining, food and services.
The Group of Seven (G7) will begin a coordinated release of 100 million barrels from emergency oil and diesel stocks through the International Energy Agency (IEA) to support stability in global energy markets, according to a joint statement issued by G7 leaders, published by the office of French President Emmanuel Macron..
Minor Hotels has signed Ampersand Beach House as part of Colbert Collection, an 111-key boutique lifestyle hotel that will mark the first purpose-built Colbert Collection property and the brand’s debut on Dubai Islands.
Global airfreight tonnage and pricing diverged, as chargeable weight fell 4% from the prior week, sinking in all but one sector, whereas pricing rose across the board except from North America. Tonnages shrank week on week out of Asia Pacific and Middle East to US, said a report.
The global AI boom will need to generate about $6 trillion in annual revenue by 2031 to justify the massive investment in infrastructure needed to power the technology, according to Bain & Company’s seventh annual Global Technology Report.
Saudi-based Alramz Real Estate Company has announced the official launch of its Masar Corner project in Makkah, featuring two towers with a total of 541 residential, commercial and service units and a gross built-up area of 125,000 sq m. The project, located within the Masar destination, is set for completion in 2029.
Qatar's Public Works Authority (Ashghal) has announced that work has begun on the Hamad General Hospital, being developed at a total value of QR1.2 billion ($325 million), in co-operation with the Ministry of Public Health. The project is set for completion and handover in the third quarter of 2029.
The Big Heart Foundation (TBHF) has launched the fourth edition of ‘Educate the Heart’, bringing together more than 12,000 students, 47 teachers and 47 schools across Sharjah for a year-long programme.
Majid Al Futtaim, a leading mall developer and leisure pioneer in the region, has announced the launch of The Hangout by Mall of the Emirates, a new indoor-outdoor lifestyle and leisure precinct, featuring four entertainment concepts alongside 18 F&B experiences including its first-ever outdoor food courtyard.
Saudi economy is set to remain resilient, underpinned by strong oil-sector infrastructure and continued economic diversification, said a report. Revenues are projected to rise 1% in 2027 to SAR1.2 trillion ($314 billion), compared with the 2026 estimate, while government spending is likely to fall 3%.
Google has launched the first prototype satellite for its research initiative - Project Suncatcher - to explore the potential for solar-powered AI computing infrastructure in space. It will test how Google's Tensor Processing Units withstand the physical stresses of spaceflight, radiation and thermal conditions.
Gulf Air, the national carrier of the Kingdom of Bahrain, on Friday marked the start of the Formula 1 Gulf Air Bahrain Grand Prix 2026 in Malaysia at the Sepang International Circuit as title sponsor of the race, a position it has held since Bahrain brought Formula 1 to the Middle East in 2004.
Gulf Air, the national carrier of the Kingdom of Bahrain, on Friday marked the start of the Formula 1 Gulf Air Bahrain Grand Prix 2026 in Malaysia at the Sepang International Circuit as title sponsor of the race, a position it has held since Bahrain brought Formula 1 to the Middle East in 2004.
The investigations into the incident aboard flydubai flight FZ1073 have revealed that the co-pilot had attempted to carry out a terrorist act, attacking the captain inside the flight deck using a crash axe and attempting to take control of the aircraft, reported UAE state new agency Wam, citing the country's Attorney-General.