More than 10,000 flights across the US set to take off over the weekend were canceled as a monster storm started to wreak havoc on Saturday across much of the country and threatened to knock out power for days and snarl major roadways with dangerous ice.
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After years of bold ambition and heavy investment, artificial intelligence adoption in both Saudi Arabia and UAE is entering a more performance-driven phase amid reports that AI could contribute $135 billion to the kingdom’s economy and $96 billion to the emirates' economy by 2030, said an expert.
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World Economic Forum (WEF) will establish five new Centres for the Fourth Industrial Revolution (C4IR) - two of them in the United Arab Emirates capital of Abu Dhabi.
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As global investment flows slow, Saudi Arabia is moving in the opposite direction. The Kingdom’s disciplined approach to reform, policy certainty and execution under Vision 2030 have created a rare strategic edge in today’s volatile world: stability that investors can trust.
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As we move into early 2026, the US dollar is facing growing challenges. Its recent weakness isn’t just part of a normal economic cycle, but it reflects rising political uncertainty and shifting global confidence in the United States.
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The UAE attracted over $45 billion in foreign direct investment last year, up nearly 50% year-on-year, even as global FDI declined by 11%, said a senior official.
A tsunami is hitting the labour market as AI is quickly reshaping economies; while some roles grow, others will disappear, warned Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
More than 70 agreements, contracts, and memoranda of understanding were signed with a total value exceeding QAR18.5 billion ($5.06 billion) at the ninth edition of the Doha International Maritime Defence Exhibition and Conference (DIMDEX 2026), which concluded in Doha on Thursday.
Saudi Electricity Company (SEC) has signed an Energy Conversion Agreement (ECA) with the Saudi Power Procurement Company (Principal Buyer) for the purchase of energy produced from the SAR5.33 billion ($1.4 billion) Rabigh 1 Expansion Power Plant.
New Murabba, a Public Investment Fund company, has signed a memorandum of understanding (MoU) with Saudi Arabia's Ministry of Industry and Mineral Resources to explore the strengthening of local content, expand national supply chains, and enhance industrial collaboration across one of the Kingdom’s most ambitious urban developments.
Arada, a UAE-headquartered developer, registered year-on-year sales growth of 199% in the UAE during 2025, with AED17.3 billion ($4.71 billion) worth of homes sold across master-planned communities and luxury developments in Dubai and Sharjah.
Masdar has partnered with Emirates Utilities Development Company (EUDC) and Uzbekistan’s Ministry of Energy to develop a gigascale 24/7 clean energy project. The initiative aims to provide up to 1 GW of baseload power, with state-owned JSC Uzenergosotish as the offtaker.
DP World has officially unveiled the Dubai Food District, a major expansion and rebranding of the Al Aweer Central Fruit and Vegetable Market that will transform it into one of the world’s largest and most advanced centres for the trade of food.
HUMAIN, a Saudi Public Investment Fund (PIF) Company, and the National Infrastructure Fund (Infra) have announced a Strategic Financing Framework Agreement of up to $1.2 billion to support the expansion of AI and digital infrastructure projects in Saudi Arabia.
Sharjah's industrial real estate sector has achieved unprecedented growth in FY 2025 with its transaction values surging to hit AED9.24 billion ($2.5 billion), up 88.7% over the previous year, thus reflecting growing investor confidence and the attractiveness of its industrial property market, said a report.
Viridien and SLB have entered into an agreement with the Egyptian Natural Gas Holding Company (EGAS) to launch a massive multi-client ocean bottom node (OBN) seismic acquisition and imaging programme in Egypt’s Eastern Mediterranean offshore.
The new eco-chic lifestyle island resort, Eri Maldives, has opened in the North Malé Atoll, redefining accessible island living in the Maldives. Just 45 minutes by speedboat from Velana International Airport, the resort blends easy travel with the seclusion of a natural island.
Sharjah's industrial real estate sector has achieved unprecedented growth in FY 2025 with its transaction values surging to hit AED9.24 billion ($2.5 billion), up 88.7% over the previous year, thus reflecting growing investor confidence and the attractiveness of its industrial property market, said a report.
After years of bold ambition and heavy investment, artificial intelligence adoption in both Saudi Arabia and UAE is entering a more performance-driven phase amid reports that AI could contribute $135 billion to the kingdom’s economy and $96 billion to the emirates' economy by 2030, said an expert.
Al Masaood Automobiles, the authorised distributor for INFINITI in Abu Dhabi, Al Ain, and the Al Dhafra Region, has announced the arrival of the refreshed INFINITI QX60, including the introduction of the first-ever QX60 SPORT grade in the capital.
Sustainability Forum Middle East (SFME) kicked off its new Sustainability Future Lab university challenge for students in the Kingdom of Bahrain that will challenge them to develop innovative solutions for real-world sustainability problems ahead of its 4th edition.
Sustainability Forum Middle East (SFME) kicked off its new Sustainability Future Lab university challenge for students in the Kingdom of Bahrain that will challenge them to develop innovative solutions for real-world sustainability problems ahead of its 4th edition.
Canon has made two key leadership appointments covering its EMEA and Central and North Africa regions.
The Bahrain Association of Banks (BAB) has announced that it has become a member of the Islamic Banking Committee, recently established by the Union of Arab Banks, marking another step toward deeper institutional collaboration across the Islamic banking sector.
Network International (Network), a leading fintech company across the Middle East and Africa, has appointed Ashish Jain as its Group Chief Financial Officer (CFO).
Al Masaood Automobiles, the authorised distributor for INFINITI in Abu Dhabi, Al Ain, and the Al Dhafra Region, has announced the arrival of the refreshed INFINITI QX60, including the introduction of the first-ever QX60 SPORT grade in the capital.
Sustainability Forum Middle East (SFME) kicked off its new Sustainability Future Lab university challenge for students in the Kingdom of Bahrain that will challenge them to develop innovative solutions for real-world sustainability problems ahead of its 4th edition.
Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting: Building Common Ground and Reviving Growth in Jeddah on April 22 and 23, it was announced on the closing day of the 56th Annual Meeting of the Forum in Davos, Switzerland.
