TRADE SURPLUS SOARS 47.4%

Saudi non-oil exports jump 32.3% in October

Fri, 26 Dec 2025

Saudi Arabia's non-oil exports, including re-exports, rose by 32.3% in October 2025 compared with the same period in 2024, data released by the General Authority for Statistics (GASTAT) showed.

Read more
685,000 cu m CAPACITY

Vision consortium emerges preferred bidder for Riyadh-Qassim water project

Wed, 24 Dec 2025

Saudi Water Partnership Company (SWPC) has announced that a developer consortium led by Vision International Investment Company has emerged as the preferred bidder for the Riyadh-Qassim IWTP Project which boasts a 685,000 cu m per day transmission capacity.

Read more
INSIGHT

IT services spend in MENA set to reach up to 28% of total tech budgets

Tue, 23 Dec 2025

The Middle East and North Africa (MENA) is entering a decisive, services-led growth phase in its IT sector, as enterprises and governments accelerate large-scale digital transformation initiatives, says a report.

Read more
COMCAST INOLVED IN THE PROJECT

Universal Studios in early planning stages for theme park in Saudi Arabia, says report

Tue, 23 Dec 2025

Universal ‍Studios ‍is in early planning ​stages to build a new ⁠theme park in Saudi Arabia, the Wall ⁠Street Journal ‌reported on Friday, citing people with knowledge of ⁠the matter. The Comcast unit is doing initial concept work for the park.

Read more
DEALS HIT $53 BILLION

Middle East M&A activity surges 260% despite market volatility

Mon, 22 Dec 2025

Middle Eastern mergers and acquisitions (M&A) have demonstrated remarkable resilience and strategic focus, with deal values surging 260% to $53 billion in the first nine months of 2025 compared to the same period last year, a report said.

Read more

Top This Week

Julphar to set up $80m pharma plant in Jeddah

Tue, 23 Dec 2025

Julphar (Gulf Pharmaceutical Industries) has signed a long-term lease agreement with Modon 3rd Industrial City in Jeddah to establish an integrated pharmaceutical manufacturing facility.

Dubai launches region’s first integrated recreational vehicle route

Tue, 23 Dec 2025

Dubai Municipality has launched the region’s first integrated recreational vehicle (RV) route, marking a pioneering step in developing a new model of nature-based tourism in Dubai.

Bahrain non-oil exports rise 12% to $950m in November

Mon, 22 Dec 2025

The total value of Bahrain’s non-oil exports (national origin) increased by 12% to reach BD358 million ($949.68 million) during November 2025, compared to BD319 million for same month in 2024.

Bahrain's TRA launches Satellite Direct-to-Device Services

Mon, 22 Dec 2025

Bahrain’s Telecommunications Regulatory Authority (TRA) has announced the launch of Satellite Direct-to-Device (D2D) services in the Kingdom, marking a significant milestone in the country’s telecommunications landscape.

Taraf, Masdar City to launch 153-acre residential masterplan in Abu Dhabi

Mon, 22 Dec 2025

Taraf, the real estate division of Yas Holding, and Masdar City, Abu Dhabi’s pioneering sustainable urban district, are joining forces to develop Fay Hills, a 153-acre residential masterplan designed around sustainability, wellness, and human-centred living.

Saipem snaps up $3.1bn offshore EPCI contract in Qatar

Mon, 22 Dec 2025

Saipem, a global leader in the engineering and construction of key energy projects, has announced that it has secured an EPCI contract worth $3.1 billion from QatarEnergy LNG for the Comp5 package of its North Field NFPS Offshore Compression Complexes project.

Ecolab, Saudi Water Authority sign MoU to accelerate water innovation

Mon, 22 Dec 2025

Ecolab, a global sustainability leader in water, hygiene and infection prevention solutions and services, and the Saudi Water Authority (SWA) have entered into a non-binding memorandum of understanding (MoU) to accelerate water innovation and the Kingdom’s sustainability objectives.

Oman-based United Solar to receive $30m investment from Waaree Solar Americas

Mon, 22 Dec 2025

Waaree Solar Americas has signed a binding term sheet to invest $30 million in Oman-based United Solar Holding (United Solar) through Series B preferred shares, alongside a long-term polysilicon offtake agreement to support Waaree’s global solar manufacturing operations, and in particular US operations.

KKR, Acwa Power ink Saudi strategic infrastructure financing deal

Mon, 22 Dec 2025

KKR, a leading global investment firm, has announced a strategic infrastructure financing transaction with Acwa Power, a global utility major. As part of the deal, KKR will serve as the anchor lender in a long-duration financing solution for the Rabigh 3 desalination facility in the Makkah region.

Ancient olive trees to become centrepiece of Dubai luxury community

Fri, 26 Dec 2025

Mediterranean olive trees dating back to Ancient Greece and the dawn of Western civilization are heading for Dubai to become the centrepiece of a luxury residential community designed around nature and wellness.

Emsteel taps nuclear power to cut steel emissions

Thu, 25 Dec 2025

Emsteel Group, a leading integrated steel and building materials manufacturer in the region, has announced a major step toward decarbonising steel production through collaboration with the Emirates Nuclear Energy Company (ENEC).

Top global players in the race for Taif airport project contract

Thu, 25 Dec 2025

Leading global players in airport construction sector including Indian groups GMR and Bengaluru International Airport Limited, Turkey’s TAV Airports as well as Irish group daa International are in the race to build the new airport at Taif region of Saudi Arabia.

Saudi non-oil exports jump 32.3% in October

Fri, 26 Dec 2025

Saudi Arabia's non-oil exports, including re-exports, rose by 32.3% in October 2025 compared with the same period in 2024, data released by the General Authority for Statistics (GASTAT) showed.

IT services spend in MENA set to reach up to 28% of total tech budgets

Tue, 23 Dec 2025

The Middle East and North Africa (MENA) is entering a decisive, services-led growth phase in its IT sector, as enterprises and governments accelerate large-scale digital transformation initiatives, says a report.

BNW unveils Tonino Lamborghini-branded luxury homes in Ras Al Khaimah

Wed, 24 Dec 2025

BNW Developments, a premier real estate developer in UAE, has unveiled the first Tonino Lamborghini Residences on Al Marjan Island in Ras Al Khaimah offering an exclusive collection of 377 apartments alongside villas, penthouses and mansions.

Eight Abu Dhabi facilities in Newsweek’s specialist hospitals’ list

Thu, 25 Dec 2025

Eight healthcare facilities in Abu Dhabi were featured in Newsweek’s Best Specialised Hospitals Middle East 2026 list, with five ranking among the region’s top 10 across multiple specialties. Cleveland Clinic Abu Dhabi topped the Middle East rankings list.

Diyar Al Muharraq celebrates top Bahrain recognition for its employee

Thu, 25 Dec 2025

Diyar Al Muharraq has announced that the senior field supervisor at its Technical Interface Office - Adnan Ashour Habib - has won top recognition at the 40th Annual Ceremony for Outstanding and Distinguished Workers in the Bahrain Private Sector.

Gold soars to new high of $4,503 per ounce, silver hits $75

Fri, 26 Dec 2025

Gold and silver prices logged new record highs today, driven by demand for safe-haven assets and growing expectations of another cut in US interest rates next year. Platinum and palladium prices also saw notable gains, said a report.

Syria to launch news currency from Jan 1

Fri, 26 Dec 2025

Syria is set to introduce a new national currency starting January 1, the Governor of the Central Bank of Syria, Abdulkader Husarieh, announced on Thursday.

Bahrain chairs 15th GCC smart card committee meeting in Riyadh

Thu, 25 Dec 2025

The Kingdom of Bahrain, represented by Information & eGovernment Authority (iGA) Deputy Chief Executive of Electronic Transformation, Ali Abdulaziz Janahi, chaired the 15th meeting of the GCC Smart Card Steering Committee, held at the General Secretariat in Riyadh.

Ford debuts Middle East-exclusive Everest V6 engine line-up

Wed, 24 Dec 2025

Ford Middle East and North Africa has unveiled the new 2026 Ford Everest at the Liwa International Festival, highlighting a Middle East-exclusive 2.7L V6 EcoBoost engine and showcasing the region’s newest off-road-focused variant, the Everest Tremor.

Universal Studios in early planning stages for theme park in Saudi Arabia, says report

Tue, 23 Dec 2025

Universal ‍Studios ‍is in early planning ​stages to build a new ⁠theme park in Saudi Arabia, the Wall ⁠Street Journal ‌reported on Friday, citing people with knowledge of ⁠the matter. The Comcast unit is doing initial concept work for the park.

Abu Dhabi to host Gran Turismo World Series 2026 opening event

Mon, 22 Dec 2025

For the first time in the Middle East, Abu Dhabi will host the Gran Turismo World Series 2026 opening event, scheduled for March 28 at the Space42 Arena. The landmark event will bring together the world’s top Gran Turismo drivers to compete in an elite live championship.

Gulf Construction

Calendar of Events

Weather

Weather Data Source: wetterlang.de