Allied World Assurance Company Holdings, a global provider of insurance and reinsurance solutions, has opened a new regional office in Dubai International Financial Centre (DIFC). This local presence will allow Allied World to offer its insurance expertise directly to clients across the Middle East.
The Middle East recorded sustained merger and acquisition (M&A) activity in the first quarter with 196 deals valued at $23.3 billion being announced compared to 207 deals worth $31.3 billion last year. UAE accounted for 33 transactions valued at $2.2 billion, down from 52 deals in Q1 2025, said a report.
US President Donald Trump has signed a proclamation amending his national security tariffs on some aluminum, steel and copper imports, effective until December 31, 2027. It lowers tariffs on some steel and aluminum derivative products, including certain types of residential HVAC equipment.
Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of the Kingdom of Bahrain, and TRAIL, the French investment company, have announced a strategic partnership under which Mumtalakat will be an investor in SLAM, the first private equity fund dedicated to the Sport, Luxury, Arts and Music sectors.
DP World, the global trade enabler, has announced that it will jointly invest, along with the Government of the Dominican Republic, an additional $100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo.
A delegation from the Bahrain Economic Development Board (Bahrain EDB), led by Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of Bahrain EDB, has kicked off its five-day visit to Europe.
INNIO Group, a leading global distributed energy solutions provider, has said that it is targeting a valuation of up to $20.25 billion in its US initial public offering, as it looks to tap investor appetite for companies powering the AI boom.
UAE’s real GDP grew by 6.2% in 2025 over the previous year to hit AED1.9 trillion ($517 billion), thus reflecting the effectiveness of the country's strategy to develop a diversified and sustainable economic model, backed by robust growth in non-oil sectors, said a report.
The US-Iran war and effective closure of the Strait of Hormuz have disrupted economic activity, but the negative rating actions for Middle East issuers for the March-April period were limited to outlook revisions and placements on the Rating Watch, according to a report from Fitch.
The heads of four major global economic institutions warned on Friday that the war in the Middle East is posing growing risks to the world economy, with disruptions to oil shipments through the Strait of Hormuz driving down global inventories and threatening energy security ahead of peak summer demand.
