Nasdaq Dubai has announced the successful listing of an AED1.1 billion ($300 million) dirham-denominated Islamic Treasury Sukuk issued by the Ministry of Finance. The additional amounts represent tap issuances of two existing series under the UAE Federal Government’s T-Sukuk Programme.
The GCC projects market experienced a slowdown in the first quarter due to the Middle East conflict with the total value of contracts plunging 9.7% to $61.2 billion, according to a report. This contraction was driven largely by a substantial downturn in contract awards within Saudi Arabia and UAE.
Qiddiya Investment Company (QIC), the developer of Qiddiya City, the capital of entertainment, sports, and culture in Saudi Arabia, has announced that it has signed up global technology leader Cisco to power its new smart office HQ through intelligent use of networking, collaboration and indoor navigation.
NMDC Energy, a key provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, delivered a solid performance in Q1 with its revenues surging 33% to hit AED5 billion ($1.36 billion), driven by the continued execution of its robust project backlog.
Epiroc, a global productivity partner for mining and construction, has unveiled its new EC 122 hydraulic breaker, engineered to deliver improved handling, extended service life, and simplified maintenance. The new model is 80 kg lighter than its predecessor, reducing overall carrier load and improving maneuverability
UAE-based smart and green facilities management (FM) company Farnek has rolled out a new flexible FM proposition. Its adjustable contract will enable educational institutions to switch between three distinct operational modes within 24 hours to align with campus usage.
Leading Abu Dhabi developer Aldar Group has recorded strong financial and operational results for the first quarter with a 20% jump in its net profit which rose to AED2.3 billion ($626 million), driven by the realisation of development revenue backlog which hit AED72.1 billion ($19.6 billion).
Siemon, a global leader in high‑performance network infrastructure solutions for data centers and smart buildings, has released its 2026 Environmental, Social and Governance (ESG) report, highlighting progress on climate targets and expanded use of renewable energy and focus on transparency.
UAE-based Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
Azizi Developments has announced that construction across the first 14 buildings released at Azizi Venice, its mixed-use community in Dubai South, has reached 39% completion. Azizi Venice will boast over 36,000 residential units across 100+ apartment complexes and 109 ultra-luxury mansions.
