Emirates Integrated Telecommunications Company (du) reported a 10.8% year-on-year increase in net profit to AED2.4 billion ($653.51 million) for the first nine months of 2026, supported by sustained demand for connectivity and digital services.
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Saudi Arabia's crude oil exports rose nearly 8 per cent in August to their highest level since March, signalling a continued recovery in shipments despite the prolonged disruption to regional energy flows caused by the Middle East conflict.
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Eli Lilly and Company (Lilly) and Mubadala Bio have announced a strategic collaboration to advance the localised packaging and logistics of Lilly’s GLP-1 medicines in Abu Dhabi, marking an important step in a shared commitment to advancing the emirate’s growing life sciences ecosystem.
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The Strait of Hormuz could become redundant within five years as Gulf countries accelerate investment in alternative energy export routes following the Iran war, HSBC Group Chief Executive Georges Elhedery said, even as renewed supply concerns pushed Brent crude above $110 a barrel on Wednesday.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Chinese contractor Fangda said its joint venture with Saudi Arabia’s IKK Group, has secured a SAR1.15 billion ($306 million) contract to design, supply and install curtain-walls for two sections of Saudi Arabia’s Prince Mohammed bin Salman Stadium project in capital Riyadh.
UAE developer Arada has launched Arada KSA, marking its entry into Saudi Arabia with a AED14 billion ($3.8 billion) residential development in Riyadh. Spanning 2.5 million sq m, it will boast 3,500 villas and townhouses surrounded by 100,000 trees, with top-class amenities including a school, retail and sporting facilities.
The Future Investment Initiative (FII) Institute has postponed the 10th edition of its flagship conference, themed "The Power of Legacy," which was scheduled to take place in Riyadh from October 26 to 29, 2026, to next year.
Messe Frankfurt has announced that the upcoming edition of its major event - Intersec Saudi Arabia - the kingdom’s leading platform for security, safety, and fire protection, has been postponed to October next year amid the ongoing regional tensions.
Embosal, a leading manufacturer of steel tubes and pipes based in Ras Al Khaimah, has announced plans to build an integrated hot-rolled coil (HRC) steel plant with an annual production capacity of 1.2 million tonnes. Production is scheduled to begin by the end of 2027.
Volvo Construction Equipment (Volvo CE) has announced plans to create a dedicated mining entity to strengthen its position in this sector. With this move, Volvo Mining will have a single, integrated business structure that will handle sales of Volvo trucks, construction equipment and autonomous solutions to mining customers.
FedEx has launched the dangerous goods transportation capabilities across its Middle East Road Network, enabling customers to move eligible regulated goods such as lab reagents, chemicals and lithium batteries across UAE, Saudi Arabia, Bahrain, Kuwait and Oman using its freight services.
UAE-based Blue Rhine Industries has announced that it has secured the contract from ALEC Engineering and Contracting for the installation and commissioning of LED screens that make up the immense Exosphere, a fully programmable exterior display at the $1.7 billion Sphere Abu Dhabi development.
Dubai Integrated Economic Zones Authority (DIEZ) achieved another record trade performance in the first half of 2026, with the total value of trade across its three economic zones reaching AED246 billion ($66.98 billion), an increase of 17% compared to the same period last year.
LMD, a leading global real estate developer, has announced the launch of Christian A. Rockefeller Business Tower on Sheikh Zayed Road. A flagship addition to LMD’s Dubai portfolio, the branded 87-storey Grade-A commercial development will become the city's tallest commercial tower on completion.
KBR it has been awarded contracts to support the revamp of two ammonia plants owned and operated by AGF Nitrogen through its affiliated companies SKWP in Germany and LAT Nitrogen in Linz, Austria.
Abu Dhabi will host the Hexagon World Series padel season finale in October 2027, marking the competition’s first appearance in the emirate. Organised by Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) and International Padel Federation (FIP), the international series will feature four events across three continents.
Hassan Allam Utilities has signed a tripartite agreement with Alexandria Port Authority and Al Tarek Capital Real Estate Asset Management to explore setting up a logistics hub at Dekheila Port.
Schneider Electric, a global energy technology leader, has shared findings from a new IDC White Paper, “SF₆-Free MV Switchgear: Industry Readiness, Decision Drivers, and the Way Forward”.
The Gulf is one of the most active investment regions in the world. Diversification efforts have opened sectors from logistics and healthcare to technology, energy and financial services, and international capital has followed. But deals in the region rarely stall over price – they stall over process, timing and people. Investors who understand this early tend to close faster and build stronger partnerships.
EYWA, a global regenerative luxury brand pioneered by European developer R.Evolution, has partnered with Dubai-based Longevium, a network of clinics specialising in metabolic health, preventive care, and data-driven medicine, to expand its approach to longevity, preventive health and wellbeing.
The UAE continues to advance its pioneering approach making sustainability a cornerstone of development, innovation a driver of growth and international partnerships a foundation for a more prosperous future.
DP World Foundation (DPWF), the philanthropic arm of DP World, together with Belawan New Container Terminal (BNCT), has marked the ground breaking of an AED3.7 million ($1.01 million) junior high school in Belawan, Medan, Indonesia.
The inaugural International Gifts & Products Exhibition has opened at the Jeddah Exhibition and Events Centre, operated by the Jeddah Chamber, and will run until October 31.
etisalat money, the fintech arm of etisalat, has partnered with Visa to expand international money transfer options for consumers and businesses in the UAE through Visa Direct.
Roads and Transport Authority (RTA) has launched the trial operation of the Dubai Glydways automated transit system at a premium retail destination in the emirate - Bluewaters. The system uses autonomous electric vehicles supported by artificial intelligence technologies, operating on dedicated guideways.
Two-time Grammy-winning blues guitarist Eric Gales and acclaimed steel pan musician Leon Foster Thomas will headline the 10th anniversary edition of the Bahrain Jazz Fest, which kicks off on December 4, bringing an international mix of blues, jazz, soul and world music to the kingdom.
The United Arab Emirates has formally nominated Lana Zaki Nusseibeh, Minister of State, as a candidate for the position of Secretary-General of the United Nations.
