Saudi Arabia’s tourism, hospitality, and events sectors have transformed under Vision 2030. By 2025, tourism contributed 5% of GDP, attracted 123 million visitors, generated SAR300 billion ($80 billion), and supported strong non-oil economic growth.
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Dubai’s real estate market recorded over AED180 billion ($49 billion) in residential and commercial sales during the first three months of the year, supported by a surge in ultra-luxury property transactions and sustained demand across both sectors, according to a market report.
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The latest proposal by Iran to end the war is unlikely to be accepted by US President Donald Trump, a CNN report said quoting sources.
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The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
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Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
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Solar has become the leading source of new electricity generation, supported by battery storage that is beginning to provide system flexibility at scale, says the latest Global Electricity Review from Ember.
US President Donald Trump said he believes the suspected shooter who stormed the White House Correspondents’ Dinner was a “lone wolf.”
US President Donald Trump and senior officials in the US administration were evacuated from the venue hosting the annual White House Correspondents’ Dinner following a security threat.
US President Donald Trump on Saturday cancelled a trip by two US envoys to Pakistan, stating that he no longer plans to send a US delegation to Pakistan this weekend, blaming 'infighting' in Iran for derailing potential talks and saying the trip would have been “too much work.”
BlueFive Capital, a global investment platform based in Abu Dhabi, has announced that its consortium has entered into a deal with luxury auto brand Porsche to acquire its entire stake in Bugatti Rimac, a joint venture set up in 2021 to serve as home to the iconic Bugatti brand.
Tabreed Bahrain, a leading provider of sustainable district cooling solutions in the kingdom, has appointed Arabian International Company as the engineering, procurement and construction (EPC) contractor for the expansion of its chilled water network in the northern seafront area of Manama.
Google is planning to invest up to $40 billion in Anthropic, the AI firm confirmed, expanding a long-standing alliance between the two companies. The investment builds on a partnership in which Anthropic will use custom Google chips and cloud computing services to power its technology.
Fresh diplomatic momentum is building around possible talks between the United States and Iran, with both sides signalling cautious openness even as they stop short of confirming direct engagement.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has launched the 1 Billion Meals Dates Factory, with an annual production capacity of 150 million date-based food units.
NMDC Energy, a key provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, delivered a solid performance in Q1 with its revenues surging 33% to hit AED5 billion ($1.36 billion), driven by the continued execution of its robust project backlog.
NMDC Energy, a key provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, delivered a solid performance in Q1 with its revenues surging 33% to hit AED5 billion ($1.36 billion), driven by the continued execution of its robust project backlog.
HPE announced Red Sea Global is adopting its self-driving networking as the foundation for large-scale resort expansion The AI-native secure switching and Wi-Fi system enables scalable, sustainable operations and premium guest digital experiences efficiently delivery.
Epiroc, a global productivity partner for mining and construction, has unveiled its new EC 122 hydraulic breaker, engineered to deliver improved handling, extended service life, and simplified maintenance. The new model is 80 kg lighter than its predecessor, reducing overall carrier load and improving maneuverability
Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
UAE-based Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
Emirates Water and Electricity Company (Ewec) has announced the extension of its clean energy partnership with Mediclinic, the first healthcare institution in Abu Dhabi to decarbonise their operations. The deal ensures all Mediclinic’s hospitals will be powered by clean electricity, verified using CECs issued by Abu Dhabi.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
Lenovo has appointed Salman Abdulghani Faqeeh as Vice President & General Manager, Saudi Arabia, reinforcing the company’s long term commitment to the kingdom as a strategic priority market and regional technology hub.
BlueFive Capital, a global investment platform based in Abu Dhabi, has announced that its consortium has entered into a deal with luxury auto brand Porsche to acquire its entire stake in Bugatti Rimac, a joint venture set up in 2021 to serve as home to the iconic Bugatti brand.
Saudi Arabia's General Entertainment Authority and Riyadh Season, under the leadership of Turki Alalshikh, in cooperation with WWE, today announced that Night of Champions will return to Kingdom Arena in Riyadh on Saturday, June 27, 2026.
Bahrain has revoked the nationality of 69 individuals who have committed acts of treason or undermined the Kingdom’s security and stability, said a statement.
