NON-OIL SECTOR BOOST

Saudi Arabia approves $310bn budget for 2026; focus on Vision 2030

Wed, 03 Dec 2025

The Kingdom of Saudi Arabia is projected to generate SAR1.15 trillion ($310 billion) in revenue in 2026, up 5.1% over the 2025 estimate, underscoring the gains from the country’s ongoing economic diversification agenda, said a report.

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92,000-SEAT CAPACITY

Saudi Arabia invites bids for King Salman Stadium project

Wed, 03 Dec 2025

Saudi Ministry of Sports has invited bids from top contractors to carry out construction works for the King Salman Stadium project in Riyadh. One of the world's largest sports venues, it will boast a seating capacity of over 92,000 along with key amenities.

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SPOTLIGHT

Millions of jobs at risk from AI adoption, says UNDP report

Wed, 03 Dec 2025

Millions of jobs, especially those held by women and young people, face significant exposure to automation, if core principles of ethical and inclusive governance of Artificial intelligence (AI) are not considered, said a new report from the United Nations Development Programme (UNDP).

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TRADE GROWTH PUT AT 2.4 %

Global goods imports hit by tariffs jump 4-fold to $2.6trn

Wed, 03 Dec 2025

Imports worldwide worth $2,640 billion, or 11.1 per cent of total imports, were affected primarily by tariffs along with other trade measures introduced between mid-October 2024 and mid-October 2025 - more than four times the $611 billion coverage recorded in the preceding period, said a Word Trade Organization report.

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INSIGHT

 Middle East life-sciences M&A set to accelerate amid Gulf innovation push: report

Thu, 27 Nov 2025

A sharp rise in life-sciences mergers and acquisitions (M&A) are likely across the Middle East as Gulf governments intensify efforts to build a globally competitive biotech and health-technology manufacturing base, according to a new Grand View Research study.

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Top This Week

UAE hotels welcome 23.27m visitors in 9 months of 2025

Tue, 02 Dec 2025

The UAE's hospitality sector continued its strong upward trajectory in the first nine months of 2025, with hotels welcoming 23.27 million guests – up 4.9 percent compared to the same period in 2024 - resulting in more than 79.3 million hotel room nights booked, said Abdulla bin Touq Al Marri, Minister of Economy and Tourism.

UAE tops in GDP growth in GCC; non-oil's share now 77.5%

Tue, 02 Dec 2025

The 54th UAE Eid Al Etihad arrives this year crowned with exceptional economic and tourism achievements that reflect the vision of the UAE’s leadership and the strength of the Union, said Abdulla bin Touq Al Marri, Minister of Economy and Tourism.

Buro Happold named lead design consultant for Expo 2030 Riyadh

Mon, 01 Dec 2025

Buro Happold has announced that it has been signed up as the lead design consultant for the detailed master plan of the mega Expo 2030 Riyadh as well as for the design of public realm, landscape, infrastructure and its utilities and the Expo legacy.

Acwa Power achieves $8.2bn financial close for 15GW Saudi projects

Mon, 01 Dec 2025

Acwa Power, the world's largest private water desalination company, has announced that it has, along with its partners Badeel and Saudi Aramco Power Company (Sapco), achieved a $8.2 billion financial close for 15GW renewable energy projects in Saudi Arabia.

Bahrain reviewing optimal mode of transport for Metro project

Mon, 01 Dec 2025

Bahrain Metro project is in its final stages of preparation, with the authorities now reviewing the optimal mode of transport for the network, whether it will be a metro or a monorail, said a report citing the transport minister.

UAE GCAA confirms compliance of all A320 operators with directive

Mon, 01 Dec 2025

The General Civil Aviation Authority (GCAA) of the United Arab Emirates has confirmed that all UAE operators of Airbus A319, A320, and A321 aircraft had fully complied with the Emergency Airworthiness Directive issued by the State of Design authority.

Abu Dhabi seeks bids for light rail transit line

Sun, 30 Nov 2025

Abu Dhabi Transport (ADT) has invited EoIs from rolling stock manufacturers and civil engineering contractors to provide the design and build services for the Abu Dhabi Light Rail Transit Line 4 (LRT4) project. On completion, the 19-km-long network will have 23 stops.

UAE cabinet approves $707m housing package for 2025

Sun, 30 Nov 2025

The UAE cabinet has approved 3,567 housing packages for Emirati citizens worth a total AED2.6 billion ($707 million) during 2025, including 524 presidential grants; 623 government housing as well as 2,388 housing financing decisions.

Network International buys Rakbank’s merchant acquiring business

Sat, 29 Nov 2025

Network International (Network), a leading fintech company with operations across the Middle East and Africa (MEA) region, said it has reached an agreement with leading UAE group Rakbank to buy its merchant acquiring business in the emirates.

Foster + Partners seals collaboration deal with Saudi PIF

Wed, 03 Dec 2025

Foster + Partners, a British international architecture firm, has announced that it has signed a non-binding agreement with Saudi sovereign wealth fund PIF to explore potential collaboration opportunities in the Saudi market.

Abdul Latif Jameel Motors partners to boost hydrogen power in Saudi

Wed, 03 Dec 2025

Abdul Latif Jameel Motors has signed an MoU with France’s EODev and UAE-based Octopian to advance hydrogen-powered generator solutions in Saudi Arabia, supporting zero-emission energy adoption in the Kingdom.

Zayed National Museum opens its doors to the public

Wed, 03 Dec 2025

Zayed National Museum, an architectural landmark located in the heart of Saadiyat Cultural District in Abu Dhabi, has opened its doors to the public. The building, which is an expression of sustainability, has been designed by Foster + Partners.

Saudi Arabia approves $310bn budget for 2026; focus on Vision 2030

Wed, 03 Dec 2025

The Kingdom of Saudi Arabia is projected to generate SAR1.15 trillion ($310 billion) in revenue in 2026, up 5.1% over the 2025 estimate, underscoring the gains from the country’s ongoing economic diversification agenda, said a report.

Millions of jobs at risk from AI adoption, says UNDP report

Wed, 03 Dec 2025

Millions of jobs, especially those held by women and young people, face significant exposure to automation, if core principles of ethical and inclusive governance of Artificial intelligence (AI) are not considered, said a new report from the United Nations Development Programme (UNDP).

Ellington unveils newest residential project in Jumeirah Islands

Wed, 03 Dec 2025

Dubai-based Ellington Properties has announced the launch of Eltiera Views, its newest residential development set within Jumeirah Islands featuring a curated collection of one- to three-bed apartments and three- and four-bedroom penthouses.

 Middle East life-sciences M&A set to accelerate amid Gulf innovation push: report

Thu, 27 Nov 2025

A sharp rise in life-sciences mergers and acquisitions (M&A) are likely across the Middle East as Gulf governments intensify efforts to build a globally competitive biotech and health-technology manufacturing base, according to a new Grand View Research study.

ABB joins NIDC to open training academy in Saudi Arabia

Wed, 03 Dec 2025

Global automation major ABB has signed an agreement with Saudi Arabia's National Industrial Development Center (NIDC) to set up an academy to focus on developing local talent and improving the skills of the kingdom’s future workforce.

AFS shines at Jewellery Arabia 2025 with 160% payment boost

Tue, 02 Dec 2025

Arab Financial Services (AFS) said it has delivered a standout performance at Jewellery Arabia 2025, supporting seamless digital payments across the five-day event, recording 160% payment growth, one of the strongest years in terms of both domestic and global activity.

Saudi Arabia approves $310bn budget for 2026; focus on Vision 2030

Wed, 03 Dec 2025

The Kingdom of Saudi Arabia is projected to generate SAR1.15 trillion ($310 billion) in revenue in 2026, up 5.1% over the 2025 estimate, underscoring the gains from the country’s ongoing economic diversification agenda, said a report.

G42 welcomes US approval for advanced AI chip exports; boost to key projects

Tue, 02 Dec 2025

G42, an artificial intelligence development company based in Abu Dhabi, has welcomed the US decision to authorise the export of advanced AI semiconductors to G42.

NAVA teams up with Ceer to launch EV tech diploma in Saudi Arabia

Mon, 01 Dec 2025

The National Automotive and Vehicles Academy (NAVA), a key venture of Saudi PIF, has signed a strategic agreement with the kingdom's first automotive company Ceer to launch an intermediate diploma programme in automotive manufacturing technology.

Zayed National Museum opens its doors to the public

Wed, 03 Dec 2025

Zayed National Museum, an architectural landmark located in the heart of Saadiyat Cultural District in Abu Dhabi, has opened its doors to the public. The building, which is an expression of sustainability, has been designed by Foster + Partners.

Mubadala, Glenwood Private Equity complete investment in NanoH2O

Wed, 03 Dec 2025

Glenwood Private Equity, a leading Korea-based investment firm, and Mubadala Investment Company, an Abu Dhabi-based global investor, and other co-investors announced the closing of their co-investment in NanoH2O Co (formerly known as LG Water Solutions and a division of LG Chem).

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