The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.
WTW, a leading global advisory, broking and solutions company, has announced that it has received approval to operate within Dubai International Financial Centre. With this, WTW will be able to proactively arrange access to its full suite of regulated investment capabilities in and from DIFC.
SAB Invest, the investment arm of Saudi Awwal Bank (SAB), has joined hands with Retal Urban Development Company for the launch of a CMA-regulated real estate investment fund valued at SAR1.9 billion ($502 million). The project will be developed on a 19,000sqm site in Riyadh's Almalqa district.
UAE-based Shamal Holding has announced that new assets across its Dubai Harbour and Al Sufouh portfolios have received building completion certificates and are now operational. The latest asset to come online is a multi-storey car park spanning a 31,487 sq m area.
Global oil inventories could hit critical or historically low levels just ahead of the peak summer demand period if stock draws continue at their current pace, Reuters quoted the head of the International Energy Agency's oil industry and markets division as saying.
DP World, the global trade enabler, has announced that it will jointly invest, along with the Government of the Dominican Republic, an additional $100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo.
The Savola Group, a leading strategic investment holding group in the regional food and retail industry, has reported a 50.4% growth in its net profit for the first quarter, while its revenue hit SAR7.3 billion ($1.94 billion), helped by stronger performance in its food processing business and improved margins.
Global energy investment is expected to reach $3.4 trillion in 2026, with $2.2 trillion going to low-emissions and grid technologies and $1.2 trillion to fossil fuels, according to the IEA report.
ADNOC remained committed to its $150 billion five-year capital expenditure (CAPEX) programme, said Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology. He sought an absolute commitment to freedom of navigation through the Strait of Hormuz to to enhance global energy resilience.
The National Bank of Bahrain (NBB) has announced that its Group Chief Executive Officer Usman Ahmed, has been named among Economy Middle East’s list of 30 Leading Voices in Middle East Banking & Finance, which recognises senior executives shaping the direction of the region’s financial services sector.
