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News
UAE economy grows 3% in Q1 2026 as non-oil sector drives expansion
1+ hour, 39+ min ago (395+ words) The UAE’s economy expanded by 3% in the first quarter of 2026, with real gross domestic product (GDP) reaching AED485 billion, underscoring the country’s economic resilience despite ongoing regional challenges. According to figures released by the Federal Competitiveness and Statistics Center, non-oil GDP…...
Energy Recovery's Saudi plant to add $36.5 million to GDP by 2033
6+ day, 2+ hour ago (668+ words) Nasdaq-listed Energy Recovery will establish a desalination technology manufacturing facility near Dammam Second Industrial City, with the project expected to contribute $36.5 million to Saudi Arabia’s GDP by 2033. According to the Saudi Water Authority, the plant will produce 2,000 energy recovery devices…...
A new playbook for deep-tech growth: Inside the VentureOne model
6+ day, 3+ hour ago (1502+ words) For decades, the path from scientific breakthrough to commercial product has followed a familiar, if frustrating, trajectory. A research institution makes a discovery. A venture builder attempts to commercialize it. And somewhere along the way, the original problem the technology…...
Dubai partners with Julius Baer to attract global investors and family offices
1+ week, 1+ day ago (532+ words) Dubai is seeking to build on its growing appeal to international capital through a new partnership with Swiss wealth manager Julius Baer. The Department of Economy and Tourism (DET) has signed an agreement with the bank to help international investors,…...
Saudi Arabia's mining ambition faces its biggest test: execution
2+ week, 1+ day ago (1475+ words) Saudi Arabia has $2.5 trillion in mineral reserves. Mining has become the country’s third main economic sector, alongside oil and petrochemicals. In January, Ma’aden, Saudi Arabia’s mining company owned by the Public Investment Fund, said it would invest $110 billion in exploration…...
How Dubai built a $41.7 billion diamond economy - Fast Company Middle East | The future of tech, business and innovation.
3+ week, 1+ day ago (423+ words) Dubai is continuing to strengthen its position as one of the world’s leading centers for the global diamond trade, with new figures highlighting the emirate’s growing role in connecting producers, manufacturers, and consumer markets across continents. According to Dubai Customs…...
Oman, Türkiye sign MoU to boost housing and urban development cooperation
4+ week, 1+ day ago (439+ words) Oman and Türkiye have signed a memorandum of understanding (MoU) to strengthen cooperation in housing, urban planning, and real estate investment, as the sultanate seeks to attract international expertise and investment to support its urban development agenda. The agreement was…...
Oman unveils integrated digital platform to modernize energy supply chains
1+ mon, 3+ day ago (353+ words) Oman’s Ministry of Energy and Minerals has launched a new initiative to develop an integrated digital supply chain platform for the energy sector, aimed at streamlining procurement, improving contract management, and enhancing spending efficiency across an industry that manages annual…...
How Egypt is building its infrastructure future on public-private partnerships
1+ mon, 6+ day ago (1516+ words) Public-private partnerships have become a defining mechanism for financing and delivering major infrastructure projects over the past decade. The model has seen landmark developments, including the New Administrative Capital, the Benban Solar Park, and the expansion of Sokhna Port, while…...
Dubai's business events attract nearly one million international visitors in 2025
1+ mon, 3+ week ago (622+ words) Dubai’s business events sector continued its upward trajectory in 2025, with nearly one million international visitors attending major exhibitions, conferences, and trade shows hosted by the Dubai World Trade Center (DWTC). According to newly released data, DWTC’s portfolio of large-scale events…...