A $2 trillion sovereign wealth fund, managed by Norway's Norges Bank Investment Management, has begun using AI to police its own portfolio, deploying a large language model to scan over 7,000 companies for links to forced labour, corruption and fraud, thus reshaping how ESG risk is detected and acted upon, said a report.
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Dubai Municipality has awarded contracts worth AED2.5 billion ($680 million) for five new projects under Phase Two of the Tasreef Programme to expand and strengthen the emirate’s stormwater drainage network. These projects will cover 30 vital areas that will cater to an estimated population of three million residents by 2040.
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Aramco, one of the world’s leading integrated energy and chemicals companies, on Thursday announced major progress in its ambitious gas expansion strategy, with the start of production at Jafurah, the Middle East’s largest unconventional gas field, and the commencement of operations at Tanajib Gas Plant, one of the largest gas plants in the world.
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The Arab region is experiencing a gradual economic recovery despite mounting challenges, according to a new report issued by the United Nations Economic and Social Commission for Western Asia (ESCWA).
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A resurgence in global private equity is gathering steam after a rebound in dealmaking last year that saw both buyout deals and exits surge ahead to register their second highest values on record, says a report from Bain & Company.
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In an industry long criticised for taking more from nature than it gives back, Saudi Arabia’s giga-project developer Red Sea Global has thrown down an ambitious marker: tourism that leaves the environment better than it found it.
The International Monetary Fund has paved the way for about $2.3 billion in fresh financing for Egypt following the completion of the fifth and sixth reviews of Egypt’s economic reform programme and the first review under its Resilience and Sustainability Facility.
Qatar's inward Foreign Direct Investment (FDI) increased 7% at the end of Q3 2025 compared to Q2 2025, reaching approximately QAR157 billion ($43.26 billion).
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced the launch of a Digital Direct Debit service through its BenefitPay app, thus expanding the kingdom’s push toward cashless payments.
AtkinsRéalis, the global design and engineering consultancy, has announced plans to join forces with Futurecity, a leading cultural placemaking agency, in a move that will see the two work together on major projects in the region that will shape the future of Middle East cities.
Emirates Global Aluminium (EGA) has announced strong underlying financial performance and record sales for FY 2025 with a 14% jump in its revenue which soared to hit AED32 billion ($8.7 billion), while its underlying net profit, excluding GAC, surged by 16% to hit AED2.12 billion ($578 million).
QatarEnergy has awarded the engineering, procurement, and construction (EPC) contract for the onshore LNG plant of the North Field West (NFW) project, a key component of the world's largest liquefied natural gas (LNG) expansion.
A Gaza firm has been contracted to build an Emirati-funded compound for displaced Palestinians in a part of the territory under Israeli military control, reported Reuters. Spanning 74 acres near Rafa, it will be able to house tens of thousands of people in pre-fabricated trailer-style units stacked multiple storeys high.
Etihad Rail has now revealed new details on what passengers can expect when the UAE’s national passenger rail network starts services later this year.
RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
Leading global decision makers including heads of state, ministers, CEOs, energy experts, academics and engineers will be at the Energy Week in Riyadh for a coordinated series of high-level meetings and strategic forums. In tandem, the 25th WPC Energy Congress will be held in the kingdom for the first time in its 93-year history.
Riyadh Airports Company has announced that King Khalid International Airport in the Saudi capital has completed a large-scale terminal relocation project this month, shifting the airline operations while handling more than one million passengers during the transition.
Abu Dhabi-based EDGE Group has signed a defence industry co-operation framework with South Korea, thus marking a significant milestone in its bilateral defence partnership. The areas of co-operation include integrated air defence systems, advanced aircraft capabilities and maritime power.
A $2 trillion sovereign wealth fund, managed by Norway's Norges Bank Investment Management, has begun using AI to police its own portfolio, deploying a large language model to scan over 7,000 companies for links to forced labour, corruption and fraud, thus reshaping how ESG risk is detected and acted upon, said a report.
RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.
Samsung has announced the Galaxy S26 Series, powered by the most intuitive and adaptive Galaxy AI experiences yet, designed to simplify daily tasks, the company said.
A $2 trillion sovereign wealth fund, managed by Norway's Norges Bank Investment Management, has begun using AI to police its own portfolio, deploying a large language model to scan over 7,000 companies for links to forced labour, corruption and fraud, thus reshaping how ESG risk is detected and acted upon, said a report.
Truecaller, a leading global communications platform, has sealed a strategic direct sales reseller partnership with AnyMind Group, a Business-Process-as-a-Service company, to help accelerate the growth of its direct advertising business across the Mena and Southeast Asia regions.
Abu Dhabi’s transport regulator has initiated a pilot programme for autonomous freight trucks - in tieup with global company Autotech - a move aimed at preparing regulatory frameworks for the commercial rollout of driverless logistics services. It was implemented within Khalifa Economic Zones Abu Dhabi (Kezad).
Bahrain, Saudi Arabia and the UAE have declared that Wednesday (February 18) will be the first day of Ramadan 1447 AH.
Parkin Company, a leading provider of paid public parking facilities in Dubai, has reported a 47% jump in its fourth-quarter revenue for 2025, while its net profit surged by 53% on the back of portfolio expansion, higher seasonal card sales and the introduction of variable tariffs.
