Jordan-based Arab Bank Group has reported solid results for the first quarter of 2026, with 2% increase in net income after tax reaching $275.8 million when compared to $271 million for the same period last year. Compared to the same period last year, the Group’s assets grew by 9% to reach $79 billion.
Saudi-based Al Ramz Real Estate Company has announced plans to set up a shariah-compliant real estate investment fund, aimed at developing a key residential project in Jeddah. Located within the Al Firdous district, the integrated community development will boast 900 residential units as well as key amenities.
The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
Automechanika Riyadh, will be back for its next edition in January at a new venue, the Riyadh Front Exhibition & Conference Center (RFECC), in a strategic move that positions the event as the kingdom’s first major automotive aftermarket gathering of the year.
Saudi non-oil exports achieved a historic performance in 2025, rising to SAR624 billion ($166.36 billion) from SAR543 billion in 2024 and recording 15% annual growth, while their share of total exports increased from 39% to 44%, the highest in history.
Bahrain’s gross domestic product (GDP) at constant prices grew 3.5% YoY in 2025, driven by a 4.1% growth in non-oil activities, while oil activities declined slightly by 0.3%.
GCC economies are set for a sharp rebound, with growth forecast to reach 8.5% in 2027, according to ICAEW’s latest Economic Insight Q1 2026 report, produced in partnership with Oxford Economics.
Saudi Arabia’s real gross domestic product (GDP) grew by 4.5% in 2025 compared with 2024, driven by growth across all economic activities, with oil activities rising 5.7%. The total GDP at current prices reached SAR4,789 billion ($1275.70 billion) in the year.
Middle Eastern airlines led global air cargo growth in January, helping lift worldwide demand 5.6% year-on-year, the International Air Transport Association (IATA) said in its report, as the sector opened 2026 on a firm footing despite geopolitical and trade headwinds.
UAE-based Emerging Travel Group (ETG) has registered solid results for FY 2025 with its gross transaction value hitting $4.8 billion, up 30% over the previous year. The main driver of this growth was the company's flagship B2B platform, RateHawk, which celebrates its 10th anniversary this year.
