EFG Hermes, a leading investment bank in the Mena region, has announced that it has played a key advisory role in the AED658 million ( ) rights issue of Depa, an interior solutions group based in Dubai, as the financial advisor and bookrunner for its listing on Nasdaq Dubai.
Iran’s leadership lashed out Friday after US President Donald Trump threatened intervention amid deadly protests, with Iranian officials warning that American troops in the region could be targeted if Washington interferes, said media reports.
UAE national carrier Etihad Airways is set to launch its first-ever nonstop flights from Abu Dhabi to Calgary this November, creating a new strategic air link between the Middle East and Western Canada. The route will be operated by Etihad’s Boeing 787-9 Dreamliner.
Intech, an industrial automation and digitalization technology company, has secured an intelligent field operations and maintenance (I-field O&M) contract covering more than 1,000 oil and water wells at an oil and gas production facility in the Middle East.
Schneider Electric, a global energy technology leader, has announced that its Dubai headquarters, The Nest, has obtained both the LEED ID+C Platinum and WELL Equity certifications, thus setting a new benchmark for intelligent buildings in the Middle East.
India's Tata Projects has been selected by SAF One Energy Management as its engineering, procurement and construction partner for a key sustainable aviation fuel project in the Middle East. The scope includes delivery of integrated, scalable project solutions and construction methodologies.
Middle East CEOs remain among the most confident globally, with 88% expecting economic growth to strengthen in their own territories, and this is even higher at 93% across the GCC, compared with just 55% of CEOs globally, according to a PwC report.
The credit impact of a potential escalation between Iran and the US will remain contained, similar to June 2025 (targeted and limited in scale and duration), says S&P Global Ratings in a published report.
Zurich Middle East Life has announced the appointment of Walter Jopp as its new Chief Executive Officer, thus marking a significant milestone in the company’s ongoing commitment to strengthening its presence and long term strategy in the Middle East region.
The Middle East is on track to attracting more than $100 billion annually in strategic capital expenditure by 2026, spread across oil and gas, renewable energy, healthcare, digital infrastructure and manufacturing, said a report. The Middle East’s oil and gas sector remains a market anchor.
