UAE-based Condor Developers has announced that it has completed the work on its sixth residential project in Dubai - Condor Fortuna in Majan - within Dubailand district. The project offers 85 premium apartments in Majan with access to four key arterial roads connecting major Dubai landmarks within a 10-to 30-minute drive.
The GCC countries are set to sign the General Railway Agreement at a high-profile regional transport ministers' meeting in Bahrain this week. The Gulf bloc plans to complete a 2,117-km-long railway network connecting all six member states - from Kuwait to Oman - with full operations targeted by 2030-end.
Emaar Properties reported a revenue of AED37.5 billion ($10.2 billion), up 13% year-on-year, EBITDA of AED19.7 billion ($5.4 billion), up 19%, and net profit before tax of AED19.8 billion ($5.4 billion), up 18%, for the nine months ended September 30, 2026.
Ras Al Khaimah master developer Marjan has achieved a major construction milestone with the topping-out of RAK Central Square, a mixed-use Grade A office district in the northern emirate. Construction has progressed across all its five towers, with the development on track to open in Q4 2027.
Saudi developer Riymar Real Estate has announced that leading German studio JSWD has won its international design competition to develop a landmark mixed-use project - Riymar Towers - planned at the intersection of King Fahd Road and Olaya Street in central Riyadh.
French energy giant Engie has announced the financial close for Barka 3 and Sohar 2 - two key combined cycle gas turbine (CCGT) power plants located in Oman. The refinancing follows 15-year extensions of both plants’ power purchase agreements (PPAs) earlier this year, which secure their operations until 2043.
China State Construction Engineering Corporation Middle East has announced that it has broken ground on the North Kabd Wastewater Treatment Plant Project being implemented at a total cost of KD998 million ($3.3 billion) in Kuwait city. On completion, it will be the country’s largest wastewater treatment plant.
Ras Al Khaimah Transport Authority (Rakta) has signed a deal with RAK Properties during the launch of the Autonomous Mobility Framework in Ras Al Khaimah and the Autonomous Vehicle Sandbox initiative.
KBR, a leading provider of technology and engineering solutions, has been awarded a major contract to provide detailed engineering design services for Basrah Gas Company’s West Qurna-1 Low-Pressure Gas Capture Project in Iraq. The project is being delivered by AKT Oil Services under its engineering, procurement and construction contract with BGC.
Renewable and clean electricity generation sources now account for almost 46 per cent of Abu Dhabi's total power generation, up from under 5 per cent in 2020, according to an EWEC (Emirates Water and Electricity Company) report.
