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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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.
Tawazun Council for Defence Enablement has announced a new series of contracts concluded on behalf of the Ministry of Defence on the second day of UMEX and Simtex 2026 event.
Etihad Water and Electricity has announced that it is part of two consortiums that have been awarded the contracts to develop 2.6GW power plants in Oman. These plants, which will be using combined cycle gas turbine technology, will be set up at a total investment of RO1 billion ($2.6 billion).
Etihad Water and Electricity has announced that it is part of two consortiums that have been awarded the contracts to develop 2.6GW power plants in Oman. These plants, which will be using combined cycle gas turbine technology, will be set up at a total investment of RO1 billion ($2.6 billion).
UAE's hotel revenues for the 11-month period from January to November 2025 rose to AED44.4 billion ($12 billion), up 8.8% over the previous year, said a report. This was mainly driven by a spurt in the number of hotel guests which soared to 29.1 million, while guest nights exceeded 99.4 million.
Screen Check, a subsidiary of Centena Group and a key player offering end-to-end identification and security solutions in the Middle East, has entered into a deal with global security tech company, BAS-IP to expand its security and identification capabilities into GCC’s residential security market.
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.
The United Arab Emirates (UAE) has been awarded the hosting rights for the 46th World Congress of Military Medicine 2026 (ICMM), scheduled to take place from November 9 to 13, 2026 in Abu Dhabi.
The World Economic Forum today announced major global commitments to invest in skills development for workers. The Reskilling Revolution initiative is on track to reach more than 850 million people worldwide, nearing its target of equipping 1 billion people with better access to skills, education and economic opportunities.
Canon has made two key leadership appointments covering its EMEA and Central and North Africa regions.
The Kingdom of Saudi Arabia stands to benefit from the ongoing shifts in global supply chains - from fair trade to a managed and rule-driven trade model - as it can play a vital role as a connector economy linking Africa with Europe and Asia, said its economy minister.
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.
The King Abdulaziz Center for World Culture (Ithra) has shortlisted five artists for the seventh edition of the Ithra Art Prize, which celebrates artists from or based in the 22 Arab countries, one of the most established art awards in the Middle East and the Arab region. '
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.
