UAE TO ACCOUNT FOR $795bn

Mideast set to see $3trn real estate projects pipeline

Thu, 05 Feb 2026

With the Middle East and Africa (MEA) expecting a $3 trillion project pipeline in real estate and infrastructure between 2026-2030, the region is poised for sustained high performance in 2026, according to JLL.

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REVENUE HITS $7.84bn

NMDC Group posts $1bn net profit for 2025, up 29%

Thu, 05 Feb 2026

NMDC Group, a global leader in engineering, procurement, construction and marine dredging, today announced a strong set of financial results for 2025, reporting revenues of AED28.8 billion ($7.84 billion), up 10% y-o-y. Net profit surged 29% y-o-y to cross the AED4.0 billion ($1.089 billion) mark.

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INTEGRATED URBAN ECOSYSTEM

Dubai unveils ambitious $1.1bn Blue and Green Spaces Roadmap 2030

Wed, 04 Feb 2026

Dubai Municipality unveiled the ‘Blue and Green Spaces Roadmap 2030’ at the World Governments Summit as part of a comprehensive strategic vision to develop a balanced and integrated urban ecosystem. The roadmap includes a portfolio of projects valued at more than AED4 billion ($1.1 billion).

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ANALYSIS

AI ambition stays in pilot stage in most financial services firms: study

Wed, 04 Feb 2026

Only 12% of financial services organisations have AI projects fully deployed enterprise-wide, and a substantial 62% still remain in pilot or development stages, says a new study.

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INSIGHT

Global M&A poised to sustain momentum, finds Bain & Company

Tue, 03 Feb 2026

Global M&A (mergers and acquisitions) is positioned to continue momentum in 2026 after rising 40% to $4.9 trillion in 2025, the second-highest deal value on record, according to Bain & Company in its annual Global M&A Report 2026, published today.

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Top This Week

Borouge delivers $1.1bn net profit in 2025, revenue hits $5.8bn

Wed, 04 Feb 2026

Borouge, a leading petrochemicals company, has announced exceptional financial results for FY2025, with net profit of $1.1 billion, an industry-leading adjusted ebitda margin of 37% and a net profit margin of 19% for the full year. The company recorded $5.85 billion in revenue for the 12-month period.

Combined Group Contracting lands $210m Kuwait Oil contract

Wed, 04 Feb 2026

Combined Group Contracting (CGC), a leading infrastructure specialist, has secured multiple high-value contracts worth $210 million from Kuwait Oil Company. The scope of work includes development of complex oil and gas infrastructure developments in Kuwait.

WHX reimagined: A power platform for global healthcare

Wed, 04 Feb 2026

World Health Expo (WHX) and World Health Expo Labs (WHX Labs) mark a decisive reinvention of what was once the Middle East’s most influential healthcare trade show. Formerly known as Arab Health, the platform has long been a cornerstone of regional healthcare commerce.

Dubai off-plan sales hit 130,000 homes; value touches $77.88bn

Wed, 04 Feb 2026

Dubai’s off-plan property sales reached a record AED286 billion ($77.88 billion) in 2025 with the sale of about 132,000 homes in the year, according to a new report.

QatarEnergy signs 20-year LNG deal with Malaysia's Petronas

Wed, 04 Feb 2026

QatarEnergy has signed a 20-year liquefied natural gas (LNG) Sale and Purchase Agreement (SPA) with Malaysia's Petronas LNG (PLL), a subsidiary of Petronas, the first long-term LNG supply agreement between the two companies.

US shoots down Iranian drone approaching aircraft carrier

Wed, 04 Feb 2026

The US military said it shot down an Iranian drone that "aggressively" approached the Abraham Lincoln aircraft carrier in the Arabian Sea,

Productivity, export key for Saudi non-oil growth: Study

Wed, 04 Feb 2026

Saudi Arabia’s non-oil economy is entering a new phase. After a decade of rapid expansion driven by reform and public investment, future growth is expected to be shaped less by scale and more by competitiveness, productivity and export capability.

SpaceX acquires xAI in deal valuing combined entity at $1.2 trillion

Wed, 04 Feb 2026

SpaceX has acquired artificial intelligence startup xAI in a transaction that media reports said values the combined entity at around $1.2 trillion, creating one of the most ambitious technology platforms ever assembled. Financial details were not formally disclosed by the companies.

Saudi Arabia completes world's first tokenised property deed transaction

Tue, 03 Feb 2026

The Kingdom of Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer. This infrastructure reduces property settlement times from days to mere seconds.

Environment Agency – Abu Dhabi unveils World’s Richest Seas initiative

Thu, 05 Feb 2026

The Environment Agency–Abu Dhabi (EAD) has announced the launch of 'World’s Richest Seas' initiative, a key programme that it will see the establishment of new marine sites and underwater gardens through deployment of 40,000 artificial reef modules, which will gradually increase to 80,000 by 2030.

Applus+ marine business unit joins IMCA

Thu, 05 Feb 2026

Applus+ in the UAE has announced that its Marine business unit has become a member of the International Marine Contractors Association (IMCA). This marks a step forward in aligning Applus+ operations with recognised standards for safety, quality, and technical excellence in the marine and offshore industry.

China Visitors Summit returns to Abu Dhabi

Thu, 05 Feb 2026

The China Visitors Summit (CVS) is set to make its return to Abu Dhabi on May 13-14, 2026, bringing together top Chinese travel buyers and regional suppliers for an unparalleled networking and business development opportunity. The face-to-face workshop and B2B meetings will be hosted at the Saadiyat Rotana Resort & Villas Abu Dhabi, offering a premium setting for this high-profile event.

RAKEZ deepens India engagement with multi-city roadshow

Thu, 05 Feb 2026

Ras Al Khaimah Economic Zone (RAKEZ) undertook a strategic roadshow across India, engaging with entrepreneurs, manufacturers, and industry leaders across three key cities.

WHX reimagined: A power platform for global healthcare

Wed, 04 Feb 2026

World Health Expo (WHX) and World Health Expo Labs (WHX Labs) mark a decisive reinvention of what was once the Middle East’s most influential healthcare trade show. Formerly known as Arab Health, the platform has long been a cornerstone of regional healthcare commerce.

Mirage marks structural milestone on Address Residences Zabeel Tower 2

Wed, 04 Feb 2026

Mirage, a leading project management, architecture, urban design, master planning and lead consultancy, has announced the successful completion of the first raft concrete pour for Tower 2 at Address Residences Zabeel, a major Emaar development located in Dubai.

Goldwind completes key installation at Oman wind turbine project

Thu, 05 Feb 2026

Chinese group Goldwind said it has completed the successful installation of the first wind turbine at the Riyah 2 project in southern Oman. The project is being developed by OQ Alternative Energy, a subsidiary of Oman’s state energy group OQ, in partnership with global major TotalEnergies.

TASC names new CEO to spearhead AI-driven growth in Mena

Wed, 04 Feb 2026

TASC Group, a leading workforce, people advisory, corporate compliance and AI-led business solutions company in the Middle East and North Africa, has appointed Jayajyoti Sengupta as its new Chief Executive Officer. He takes over the role from its Founder Mahesh Shahdadpuri who has been named its Executive Chairman.

Aldar, Mubadala form $2.5bn retail joint venture

Tue, 03 Feb 2026

Aldar and Mubadala Investment Company have completed a strategic joint venture to create a premier retail platform that will anchor the next phase of Abu Dhabi’s evolution as a global destination for curated luxury retail experiences.

RAKEZ deepens India engagement with multi-city roadshow

Thu, 05 Feb 2026

Ras Al Khaimah Economic Zone (RAKEZ) undertook a strategic roadshow across India, engaging with entrepreneurs, manufacturers, and industry leaders across three key cities.

TASC names new CEO to spearhead AI-driven growth in Mena

Wed, 04 Feb 2026

TASC Group, a leading workforce, people advisory, corporate compliance and AI-led business solutions company in the Middle East and North Africa, has appointed Jayajyoti Sengupta as its new Chief Executive Officer. He takes over the role from its Founder Mahesh Shahdadpuri who has been named its Executive Chairman.

Glydways in deal to roll out debut automated transit system in Dubai

Wed, 04 Feb 2026

Dubai’s Roads and Transport Authority has signed a co-operation agreement with Glydways, a global leader in automated transit networks, for setting up an automated transit network, introducing a new mode of transport based on autonomous electric vehicles supported by AI technologies in Dubai.

Canva to set up regional headquarters in Dubai

Thu, 05 Feb 2026

Global visual communication platform Canva will establish the company’s regional headquarters in Dubai, it was revealed on Thursday.

Abu Dhabi's 'World's Richest Seas' initiative aims to increase fish stock

Thu, 05 Feb 2026

The Environment Agency – Abu Dhabi (EAD) has launched the "Hamdan bin Zayed: The World’s Richest Seas" initiative, aiming to significantly increase fish stocks in the emirate, seeking to achieve one of the highest densities globally by 2030.

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