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BIG VEHICLE TRADE BOOST
AD Ports, Yantai Port to develop green automotive business parks
Abu Dhabi's AD Ports Group has signed a deal with SPG Yantai Port, a large Chinese enterprise that operates major ports in Shandong province, for setting up green automotive business parks to promote vehicle trade between Asia and Mena region.
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BILLIONS IN INVESTMENTS SEEN
Marjan unveils new mixed-use beach town masterplan
Marjan, the master developer of freehold properties in Ras Al Khaimah, has launched its new mixed-use beach town destination, Marjan Beach.
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$350bn EXPENDITURE
Saudi Arabia pre-budget estimate sees 3.3% deficit in 2026
The Saudi Ministry of Finance estimates a total expenditure of SAR1,313 billion ($350.1 billion) and total revenues about SAR1,147 billion ($305.84 billion) in its pre-budget statement for the fiscal year 2026.
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SPOTLIGHT
Fully autonomous vehicles ‘can unlock $18.7bn opportunity for Gulf’
The global market for fully autonomous vehicles (FAVs) – set to redefine mobility in major cities – could be worth $182 billion by 2035, generating nearly $19 billion in the GCC region alone, according to a new report issued by Strategy& Middle East.
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INSIGHT
US government shuts down: what it means for markets
The US federal government ceased activities for a record 35 days back in 2018, amid the now infamous disagreement between President Trump and the Democrats over funding for his fabled border wall with Mexico.
Top Trade News
 | Industry Sectors |
Sobha Realty sells over 50pc launch inventory within first week
Leading Dubai developer Sobha Realty has announced that it has sold out more than 50% of the units in the first three residential towers within its flagship Downtown Umm Al Quwain (UAQ) within the first week of its launch.
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Al Meera, Kafy in deal to revolutionise food procurement, logistics
Top Qatari retailer Al Meera has signed a strategic deal with Kafy, an innovative platform to facilitate food supply between the hospitality, restaurant sectors and suppliers in Qatar, to help revolutionise its food procurement and logistics sector.
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TotalEnergies, Chevron push for faster permits, seismic data in Africa
Global leaders including TotalEnergies and Chevron said improved seismic surveys and faster permitting were key to unlocking the frontier energy potential of Africa. As per a recent study, Africa’s frontier basins hold significant volumes of oil and gas.
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DP World, Paypal ink deal to speed-up cross-border trade
DP World has signed an agreement with global commerce platform PayPal to collaborate on a first-of-its-kind digital payments initiative designed to simplify and speed-up cross-border trade. It is aimed at expanding access for merchants and marketplaces.
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Fully autonomous vehicles ‘can unlock $18.7bn opportunity for Gulf’
The global market for fully autonomous vehicles (FAVs) – set to redefine mobility in major cities – could be worth $182 billion by 2035, generating nearly $19 billion in the GCC region alone, according to a new report issued by Strategy& Middle East.
More…
AD Ports, Yantai Port to develop green automotive business parks
Abu Dhabi's AD Ports Group has signed a deal with SPG Yantai Port, a large Chinese enterprise that operates major ports in Shandong province, for setting up green automotive business parks to promote vehicle trade between Asia and Mena region.
More…
UCC Holding JV signs deals for Damascus airport revamp project
UCC Holding, on behalf of its JV partners, has signed five consultancy and design agreements as part of Damascus International Airport revamp project. The scope includes setting up of a five-star hotel with 200 keys as well as other major facilities.
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L&T unit partners with Siemens to deliver AI-enabled solutions for key sectors
L&T Tech, an AI, digital & ER&D consulting services leader and a key unit of Indian construction conglomerate Larsen & Toubro, has signed a partnership deal with Siemens to deliver simulation-driven automation & AI-enabled solutions for diverse sectors.
More…- IBM expands collaboration with AWS; firms plan innovation hub in Riyadh
- Expand North Star global startup event to mark 10th anniversary in October
- Top Abu Dhabi event puts spotlight on $935bn mobile app economy
- Bahrain to roll out WE-Elevate, boost opportunities for female entrepreneurs
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Merak Capital unveils KSA's first fashion sector private equity fund
Saudi Arabia's Cultural Development Fund signed an agreement with Merak Capital to establish the Kingdom’s first private equity fund dedicated to the fashion sector, with a total value of SAR300 million ($80 million).
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Fully autonomous vehicles ‘can unlock $18.7bn opportunity for Gulf’
The global market for fully autonomous vehicles (FAVs) – set to redefine mobility in major cities – could be worth $182 billion by 2035, generating nearly $19 billion in the GCC region alone, according to a new report issued by Strategy& Middle East.
More…
Saudi German Health boosts relationship with Mayo Clinic
Saudi German Health (SGH), one of the region’s leading healthcare providers, has announced a major expansion of its relationship with US-based Mayo Clinic, in a move aimed at transferring the latest global medical expertise to Egypt and the region.
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Miral unveils new communication and production platform
Miral, a leading creator of immersive destinations and experiences in Abu Dhabi, has announced the launch of Atheer, a state-of-the-art hybrid communication and production platform.
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IFZA launches Scale360 entrepreneurial mentoring programme
IFZA, Dubai’s dynamic free zone community, has launched the first cohort of Scale360, a programme designed to equip founders with the tools, mentorship, and resources needed to scale their ventures into the UAE market.
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Etihad Rail signs 11 key deals at Global Rail 2025
The second edition of Global Rail, hosted by Etihad Rail, which concluded in Abu Dhabi this week witnessed several new partnerships and strategic collaborations.
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