TESTING, REPAIR OF PAC-3 LAUNCHER

Lockheed Martin, Pioneers to build Saudi Arabia’s first IAMD ground depot

Mon, 09 Feb 2026

Lockheed Martin and Saudi-based technology leader Pioneers Technical Systems Co (PTS) have announced a strategic partnership to establish the Saudi Arabia’s inaugural PAC-3 ground depot. The facility will provide testing, repair and certification of PAC-3 launcher components for the Royal Saudi Air Defense Forces’ PATRIOT missile defence system.

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GROWTH DRIVEN BY FLEET EXPANSION

Bahri delivers record $2.4bn net profit for 2025; revenue hits $10.3bn

Mon, 09 Feb 2026

Leading Saudi shipping and logistics company Bahri has announced a record net profit of $2.43 billion and revenue of $10.35 billion for FY 2025, supported by a strong performance in the second half as well as fleet expansion and disciplined operational execution.

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CAPEX RISES TO $3.6bn

ADNOC Gas delivers record $5.2bn net income in 2025

Mon, 09 Feb 2026

ADNOC Gas and its subsidiaries today announced a record net income of $5.2 billion, a 3% increase compared to 2024, demonstrating structurally resilient earnings and an ability to perform consistently through commodity cycles.

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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

Talgo snaps up $1.5bn Saudi Railways order for high-speed trains

Sun, 08 Feb 2026

Talgo, a leading Spanish company specialising in the design and manufacture of high-speed lightweight trains, has secured a new order worth €1.3 billion ($1.53 billion) from the Saudi Arabia Railways for supply of 20 high-speed trains. This comes after Talgo's successful delivery of 35 trains to SAR in 2018.

Omran launches bids for sustainable eco-tourism project

Sun, 08 Feb 2026

Oman Tourism Development Company (Omran Group) has invited expressions of interest (EoIs) from leading contractors to provide design and construction services for its premium 3.4-sq-km sustainable eco-tourism destination - Ras Al Shajar - in the sultanate's Qurayat region.

Qatari bank Lesha gets Saudi investment banking licence

Sun, 08 Feb 2026

Lesha Capital, the Saudi-based subsidiary of leading Qatari shari’a-compliant investment bank Lesha, said it has obtained the licence from the kingdom's Capital Market Authority to fully operate as a regulated investment firm, in a major milestone in its regional expansion strategy.

Bahrain International Airport posts record passenger, cargo growth in 2025

Sun, 08 Feb 2026

Bahrain International Airport (BIA) has recorded its strongest annual performance on record in 2025, supported by increased passenger traffic which surged 4.2% year on year to hit 9.74 million, while its cargo volumes soared to 405,217 tonnes, up 3.2% over the previous year.

Mitsui near buying key stake in $17.5bn Qatar LNG project, says report

Sun, 08 Feb 2026

Japanese trading house Mitsui & Co is close to buying a strategic stake in the second phase of QatarEnergy's massive $17.5 billion North Field project as it seeks to secure stable liquefied natural gas (LNG) supply, said report, citing sources.

Algeria moves to cancel air services agreement with UAE

Sun, 08 Feb 2026

Algeria has initiated the necessary procedures for the termination of the air services agreement between Algeria and the United Arab Emirates, an Algerian News Agency report said.

flynas, Syria Civil Aviation Authority to launch new airline

Sun, 08 Feb 2026

Saudi Arabia-based flynas has signed an agreement with the Syrian General Authority of Civil Aviation and Air Transport to establish a new commercial airline under the name flynas Syria. Operations are scheduled to begin in the fourth quarter of 2026.

Saudi groups, Syria sign major development deals

Sun, 08 Feb 2026

Leading Saudi companies and Syrian government entities signed a series of agreements covering aviation, communications, infrastructure, and development initiatives, during an official visit of a high-level Saudi delegation from the public and private sectors to Damascus.

Bahrain, France sign strategic defence agreement

Sat, 07 Feb 2026

Bahrain and France have signed a bilateral agreement on defence which includes strategic information sharing, thus opening up new opportunities for industrial co-operation in defence and strengthening solidarity between the two countries amid growing regional geopolitical tensions.

Danube unveils premium residential development in JVC

Mon, 09 Feb 2026

UAE-based Danube Properties has announced the launch of its premium residential development - Serenz by Danube - in the heart of Jumeirah Village Circle (JVC). Spanning over 120,000 sq ft, it offers a blend of luxury, wellness and community-focused living with key amenities.

Cemvita, Radix to advance circular SAF feedstock plant in Brazil

Mon, 09 Feb 2026

Cemvita and Radix announced progress in front-end engineering for a circular bio-oil project in Brazil, focused on converting crude glycerin, a biodiesel byproduct, into ultra-low carbon intensity bio-oil used as a feedstock to produce sustainable aviation fuel (SAF) and other advanced biofuels.

UAE hospitality sector caps strong 2025 on tourism boom

Mon, 09 Feb 2026

The UAE’s hospitality sector ended 2025 on a high note delivering outstanding results, buoyed by strong tourism inflows across all major markets, said an industry expert. Dubai welcomed 17.5 million international visitors in the first 11 months, while Abu Dhabi and Ras Al Khaimah also recorded year‑on‑year growth in visitation.

Apple all set to roll out beta of smart agent 'Siri 2.0'

Mon, 09 Feb 2026

Apple is gearing up for the release of the developer beta of its redesigned voice assistant, internally dubbed 'Siri 2.0,' as part of the upcoming iOS 26.4 update. The new version is powered by Apple Foundation Model (AFM) v10, a 1.2 trillion parameter system developed in a landmark partnership with Google.

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.

Nord unveils refined urban sanctuary in Yas Island

Mon, 09 Feb 2026

Abu Dhabi-based Nord Real Estate Development has announced the launch of its mixed-use development, Novayas, in the heart of Yas Island. Designed as a refined urban sanctuary with a dedicated retail space, it features 96 apartments with a mix of studios and one- to three-bedroom units.

Safanad completes sale of top UK care home provider for $1.6bn

Mon, 09 Feb 2026

Safanad, a principal-led investment company with a major presence in US and Saudi Arabia, said it has completed the sale of HC-One, the largest care home provider in UK featuring nearly 300 homes, to a leading healthcare real estate investment trust (REIT) for over $1.6 billion.

MBZUAI launches The Academy, first AI x Arts fellowship

Mon, 09 Feb 2026

Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) in Abu Dhabi has entered a new chapter in its mission to shape the future of technology and society with the official launch of The Academy.

AAW opens new-look Nolte Express Kitchen showroom in Kuwait

Mon, 09 Feb 2026

Ali Abdulwahab Al Mutawa (AAW), the exclusive distributor of Nolte Kitchen in Kuwait, has relaunched its Express Kitchen showroom, thus introducing the brand’s new visual identity in the country. The renovated space features the German brand's latest innovative kitchen solutions.

Safanad completes sale of top UK care home provider for $1.6bn

Mon, 09 Feb 2026

Safanad, a principal-led investment company with a major presence in US and Saudi Arabia, said it has completed the sale of HC-One, the largest care home provider in UK featuring nearly 300 homes, to a leading healthcare real estate investment trust (REIT) for over $1.6 billion.

Apple all set to roll out beta of smart agent 'Siri 2.0'

Mon, 09 Feb 2026

Apple is gearing up for the release of the developer beta of its redesigned voice assistant, internally dubbed 'Siri 2.0,' as part of the upcoming iOS 26.4 update. The new version is powered by Apple Foundation Model (AFM) v10, a 1.2 trillion parameter system developed in a landmark partnership with Google.

AGMC breaks ground on new BMW showroom facility in Dubai

Mon, 09 Feb 2026

AGMC, the official importer of BMW Group vehicles in Dubai, Sharjah and the Northern Emirates, has broken ground on its new 2,500-sq-m multi-brand showroom facility at Ras Al Khor, one of Dubai’s most established automotive and logistics districts.

Egis completes key consultancy role in Abu Dhabi Natural History Museum

Mon, 09 Feb 2026

Egis has announced that it had played a major role as lead design consultant and construction supervisor for the Natural History Museum Abu Dhabi, one of the most technically complex cultural institutions in the Middle East, which officially opened its doors late last year.

EU may ease travel visas for certain professionals

Fri, 06 Feb 2026

The European Commission has announced it will look into allowing certain non-EU professionals to stay in the EU beyond the current 90/180-day rule, as part of a future overhaul of its visa system, a report said.

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