Global air passenger demand fell 1.7% year-on-year in June 2026, driven by weaker domestic markets and Middle East pressures, while international traffic showed resilience excluding the region, according to the latest International Air Transport Association (IATA) data.
Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.
Ebara Elliott Energy (EEE) has secured one of the largest contracts in its 110-year history, winning a major order from Larsen & Toubro (L&T) to supply advanced compressor technology for a mega-scale gas infrastructure project in the Middle East.
The UAE's office market remained undersupplied during the second quarter of 2026, driving double-digit rental growth in both Dubai and Abu Dhabi despite a challenging macroeconomic backdrop and ongoing regional disruptions, according to real estate expert CBRE.
Qiddiya City has become the first destination management organisation in the Middle East to receive the Destination Marketing Accreditation Programme (DMAP) Accreditation with Distinction from Destinations International, marking the highest level of recognition under the global accreditation framework.
Saudi Arabia was the region's largest dividend payer, distributing an estimated $24.5 billion during the first quarter and accounting for almost 84% of all Middle East dividends, according to a new report.
Etihad Airways and Abra Group have signed a Memorandum of Understanding (MoU) to strengthen air connectivity between Latin America, the Middle East and Asia through closer cooperation between Etihad and Abra's airlines, including Avianca, GOL and Wamos Air.
The International Energy Agency (IEA) has warned that escalating conflict in the Middle East is increasing risks to global energy security, with threats to the Strait of Hormuz and Bab el-Mandeb Strait fuelling uncertainty over global oil and natural gas supplies.
Enersol’s portfolio company Deep Well Services (DWS) has completed its first well in the UAE, marking the company’s first deployment in the country and the wider Middle East region. The operation used DWS’ Hydraulic Completion Unit (HCU) technology and achieved planned first-well performance targets.
Organisation for Economic Co-operation and Development (OECD) countries tourist arrivals hit a record 847 million in 2025, up 3.4%. However, geopolitical tensions, climate events and cost pressures are creating uncertainty and shifting travellers toward cheaper, shorter, safer trips.
