Dear Customer: The Arab Lawyers Network apologizes for the temporary inconvenience related to the verification code via mobile and would like to inform you that the code will be sent via email. Please contact customer services for any further inquiries.

Press Dossier   News Category    Economy   
Aldar, Dubai Holding expand JV with Dhs38b in new developments
United Arab Emirates: Aldar and Dubai Holding have expanded their landmark joint venture, adding two strategic land plots in Dubai that will deliver almost 14,000 new homes with a combined gross development value (GDV) exceeding Dhs38 billion.
EICO, Tebian ink contract for Saudi 380KV substation project
Saudi Arabia: Saudi-based Energy and Infrastructure Company (EICO) said it has signed a significant engineering and construction contract with Chinese group Tebian Electric Apparatus (TBEA) for the Namria 380KV substation project being developed by Saudi Electricity Company (SEC) in the kingdom's northern region.
Ashoka Buildcon–BEC Arabia JV lands Diriyah hotel project contract
Saudi Arabia: Indian infrastructure group Ashoka Buildcon said its joint venture with BEC Arabia Contracting, one of the leaders in Saudi construction industry, has secured the main construction works contract for a hotel project within Saudi Arabia's giga development - Diriyah, The City of Earth, coming up near Riyadh.
SpiceJet starts Sharjah - Ahmedabad flights
United Arab Emirates: Sharjah Airport Authority (SAA) has announced the launch of a new scheduled service by Indian carrier SpiceJet, connecting Ahmedabad Airport with Sharjah International Airport.
UAE holds first Strategic Financial Dialogue with Kingdom of Bahrain
United Arab Emirates: The UAE has hosted its first Strategic Financial Dialogue with the Kingdom of Bahrain as part of the executive plan to activate the memorandum of understanding (MoU) signed between the two countries.
UAE and Gabon sign CEPA to underline new era of progress
United Arab Emirates: UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and His Excellency Brice Oligui Nguema, President of the Gabonese Republic, witnessed the signing of a Comprehensive Economic Partnership Agreement (CEPA) between their two nations in Abu Dhabi on Friday.
Saudi Refineries unit inks deal with AGR for green ammonia offtake
Saudi Arabia: Refineries Company has announced that its key subsidiary, Clean Energy Company, has entered into a non-binding MoU with British renewable energy company AGR to support the development of a green ammonia value chain in the Kingdom of Saudi Arabia.
Hansgrohe Group Opens New Showroom in Abu Dhabi with Mac Al Gurg
United Arab Emirates: Hansgrohe Group, a global leader in innovative bathroom and kitchen solutions, has officially opened a new showroom on Najda Street, Abu Dhabi, in partnership with Mac Al Gurg, a leading provider of sanitaryware solutions and part of the Al Gurg Group.
Dana Gas reports $130m net profit for FY2025
United Arab Emirates: Dana Gas, the Middle East’s largest regional private sector natural gas company, reported a net profit for the full year 2025 of AED476 million ($130 million) as compared to AED553 million ($151 million) in FY 2024.
Global Energy Efficiency Alliance holds first meeting at WGS 2026
United Arab Emirates: The Global Energy Efficiency Alliance (GEEA) held its first meeting at the World Government Summit (WGS) 2026.
Al Barari breaks ground on The Cape in Dubai
United Arab Emirates: Al Barari, Dubai’s pioneering nature-led community, has marked the groundbreaking of The Cape, its final signature residential development, celebrating two decades of visionary craftsmanship and a continued commitment to creating harmonious living environments rooted in nature.
Japan's Mitsui looks to buy stake in Qatar LNG project: report
Qatar: Japan’s Mitsui & Co is close to acquiring a stake in the second phase of QatarEnergy’s giant North Field liquefied natural gas (LNG) expansion, as it seeks to secure stable long-term gas supplies, Reuters reported, citing sources familiar with the matter
UAE and US sign framework on securing supply of rare earths
United Arab Emirates: The United Arab Emirates and the United States have signed a Framework on Securing Supply in the Mining and Processing of Critical Minerals and Rare Earths, on the sidelines of the US Critical Minerals Ministerial in Washington, DC.
DIFC forecasts 30% growth in 2026 following record last year
United Arab Emirates: Essa Kazim, Governor of Dubai International Financial Centre (DIFC), said the centre achieved unprecedented record results in 2025 at both operational and financial levels, continuing its upward growth trajectory over recent years and consolidating its position as one of the fastest-growing financial centres globally.
QatarEnergy and Malaysia’s Petronas sign 20-year LNG supply agreement
Saudi Arabia: QatarEnergy has entered into a 20-year sales and purchase agreement with Malaysia’s Petronas for the supply of liquefied natural gas, the companies have announced.
UAE PMI rises to 11-month high as new orders jump: S&P Global
Saudi Arabia: UAE non-oil companies recorded their fastest increase in new orders in nearly two years in January, signaling strengthening private-sector demand, an economic tracker showed.
HRDF announces record employment and training support in 2025
Saudi Arabia: The Human Resources Development Fund announced record achievements in employment and training support during 2025, with its programs contributing to the employment of more than 562,000 Saudi citizens in private sector establishments, an increase of 29 percent compared to 2024.
OQT strengthens Maldives energy trade with finance deal
United Arab Emirates: OQT, the international energy and commodity trading vehicle of the Government of Oman, has announced the provision of a medium-term structured finance facility to Maldives’ State Trading Organisation (STO)
UAE to launch AI pilot to boost data centre energy efficiency
United Arab Emirates: The UAE Ministry of Energy and Infrastructure, Khazna Data Centres, and Agility announced a pilot to implement Phaidra’s AI technology to accelerate energy efficiency across data centres and district cooling operations in the UAE.
Saudi Arabia ‘not far’ from approving drone cargo deliveries: transport minister
Saudi Arabia: Saudi Transport Minister Saleh Al-Jasser told Al-Eqtisadiah that the Kingdom is working to open new logistics centers at airports and ports, invest in infrastructure, and attract major global companies in the transport and services sector during 2026.
Saudi Arabia, Turkiye sign agreement on renewable energy power plant projects
Saudi Arabia: Saudi Arabia and Turkiye have signed an agreement on renewable energy power plant projects.
Arzan Wealth advises on partial exit from US real estate portfolio
United Arab Emirates: Arzan Wealth (DIFC), a Dubai-based investment advisory firm regulated by the Dubai Financial Services Authority (DFSA), has announced that it has successfully advised on a partial exit from a portfolio of radiology centres located in Long Island, New York
L&T signs up Nextpower JV for 2.5GW Saudi solar project
Saudi Arabia: Indian construction conglomerate Larsen & Toubro (L&T) has signed up Nextpower Arabia, the newly formed joint venture between Nextpower (formerly Nextracker) and Abunayyan Holding, to provide 2.25 gigawatts (GWp) of advanced solar tracking systems for the Bisha Solar project being developed by an Acwa-led consortium.
IMF managing director Kristalina Georgieva commends GCC economic success
United Arab Emirates: The managing director of the International Monetary Fund, Kristalina Georgieva, has commended the Gulf’s economic success and said she admires its efforts.
Saudi non-oil growth continues with PMI showing expansion: S&P Global
Saudi Arabia: Saudi Arabia’s non-oil business activity continued to expand at a robust pace in January, driven by output growth, improving market conditions and stronger client activity, an economic tracker showed.
Saudi Arabia completes world's first tokenised property deed transaction
Saudi Arabia: The Kingdom of Saudi Arabia has achieved a global milestone in the digitisation of capital markets with the successful execution of the world’s first sovereign-native tokenised property title deed transfer.
Saudi Arabia, Turkiye sign government agreement on renewable energy power plant projects
Saudi Arabia: Saudi Arabia and Turkiye have signed an agreement on renewable energy power plant projects.
Foreign buying of Saudi stocks hits $1.33bn ahead of Feb rule change
Saudi Arabia: Foreign investors made net purchases of around SR5 billion ($1.33 billion) in Saudi stocks during January, coinciding with the announcement that the market would be opened to all categories of non-resident foreign investors — individuals and institutions from around the world — directly and without conditions.
Acwa inks deal to establish ammonia export corridor from Saudi Arabia to Germany
Saudi Arabia: Saudi utility giant Acwa has signed a memorandum of understanding with Energie Baden-Wrttemberg AG, Rostock Port, and Verbundnetz Gas AG to establish an ammonia export corridor from the Kingdom to Germany.
PwC Middle East plans to expand into Saudi cities with new branches
Saudi Arabia: Saudi utility giant Acwa has signed a memorandum of understanding with Energie Baden-Wrttemberg AG, Rostock Port, and Verbundnetz Gas AG to establish an ammonia export corridor from the Kingdom to Germany.
Qatar wealth fund plans to invest in 5 new VC funds
Qatar: Qatar Investment Authority plans to invest in five new venture capital funds as part of an ​expanded $3 billion venture capital program, the sovereign wealth fund said on Monday.
Idom lands FEED contract for Saudi Iron and Steel Company project
Saudi Arabia: Idom, a multinational company providing professional services in consulting, engineering and architecture, has announced that it has been awarded the Front-End Engineering Design (FEED) phase for the flat products expansion project of Saudi Iron and Steel Company (Hadeed)
Saudi Arabia leads GCC markets in January: Kamco Invest
Saudi Arabia: Saudi Arabia led Gulf equity gains in January as regional markets outperformed most global benchmarks, buoyed by earnings optimism and strong non-oil growth expectations, according to an analysis.
Saudi Arabia exports milk, dairy products worth $1bn in 9 months
Saudi Arabia: Saudi Arabia’s exports of milk and dairy products reached approximately SR3.9 billion ($1.03 billion) during the first nine months of 2025, according to data released by the General Authority for Statistics and reviewed by Al-Eqtisadiah.
Mace-Suez JV starts Qatar West Drainage maintenance work
Saudi Arabia: Mace Qatar, a specialist in infrastructure construction and district cooling service, has joined hands with French utility major Suez to start the operation and maintenance of Qatar West Catchment Zone.
Kuwait to invite foreign firms to develop recent offshore discoveries
Kuwait: State-owned Kuwait Petroleum Corporation (KPC) plans to invite foreign companies to help develop recent offshore discoveries, as Kuwait looks to accelerate production and apply advanced technologies offshore, according to a Reuters report.
Saudi economy grows 4.5% in 2025 as oil, non-oil sectors accelerate
Saudi Arabia: Saudi Arabia’s real gross domestic product expanded by 4.5 percent year on year in 2025, driven by strong growth in both oil and non-energy activities, official data showed.
How everyday multilingualism is reshaping Middle Eastern business
Saudi Arabia: Faced with a globalized workforce and cross-border operations, companies across the Middle East are now embedding live translation into the fabric of daily work, adopting a hybrid human-artificial intelligence strategy to break down language barriers.
Dubai’s GDP hits $96.6bn in first 9 months of 2025
United Arab Emirates: Dubai’s economy expanded 4.7 percent in the first nine months of 2025, lifting gross domestic product to 355 billion dirhams ($96.6 billion) as growth accelerated across finance, construction and services, according to state data.
Qatar sees 81% surge in venture capital investment in 2025
Qatar: Venture capital investment in Qatar rose 81 percent year on year in 2025 to 214 million Qatari riyals ($58 million), new figures show.
Housing ministry offers more than 21k investment opportunities and contracts exceeding $3.35bn in 2025
Saudi Arabia: The Ministry of Municipalities and Housing offered more than 21,000 investment opportunities through the Saudi cities’ financial portal “Furas” during 2025, and signed contracts with a total value exceeding SR12.6 billion ($3.35 billion), as part of the approved framework in the municipal sector.
Islamic finance in Oman poised for 25% growth: Fitch
Saudi Arabia: Oman’s Islamic finance sector is on track to reach $45 billion this year, rising from $36 billion at the end of 2025, supported by a favorable macroeconomic environment, according to a report by Fitch Ratings.
Hungerstation and Abdullah Al-Othaim Markets launch a strategic partnership to serve the HORECA sector
Saudi Gazette: Hungerstation has announced a long-term strategic partnership with Abdullah Al-Othaim Markets, one of Saudi Arabia’s largest and most established national retail chains.
Dubai’s economy records Dhs355b GDP in first nine months of 2025
United Arab Emirates: Dubai’s economy continued its upward trajectory in 2025, delivering strong growth that underscores its resilience and sustained momentum.
Etihad to launch its first nonstop flights to Western Canada
United Arab Emirates: UAE national carrier Etihad Airways has announced plans to launch the first-ever nonstop flights between the UAE and Calgary, creating a new strategic air link between the Middle East and Western Canada.
UAE's non-oil foreign trade hits historical milestone, exceeds Dhs3.8 trillion for the first time: Sheikh Mohammed
United Arab Emirates: His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced a historic milestone as the UAE's non-oil foreign trade exceeded $1 trillion (Dhs3.8 trillion) for the first time
Dubai’s economy records Dhs355b GDP in first nine months of 2025
United Arab Emirates: Dubai’s economy continued its upward trajectory in 2025, delivering strong growth that underscores its resilience and sustained momentum. The emirate recorded a Gross Domestic Product (GDP) of approximately Dhs355 billion during the first nine months of 2025, including Dhs113.8 billion in the third quarter alone.
T-Sukuk and T-Bonds attract Dhs5.15 billion in bids, says MoF
United Arab Emirates: The Ministry of Finance (MoF), in its capacity as issuer and in collaboration with the Central Bank of the UAE (CBUAE) as issuing and payment agent, announced the successful completion of the January 2026 auctions of UAE dirham-denominated Treasury Islamic Sukuk (T-Sukuk)
Saudi Arabia unveils ambitious strategy to expand PPPs
Saudi Arabia: The Kingdom of Saudi Arabia has launched a new national privatisation strategy to significantly expand the role of public-private partnerships (PPPs) in delivering and operating large-scale projects and advancing economic diversification in line with Saudi Vision 2030.
SmartCrowd exits DIFC duplex apartment flip at 22.5% above target
United Arab Emirates: SmartCrowd has announced the successful exit of a three-bedroom duplex apartment in global commerce hub Dubai International Financial Centre (DIFC) following a targeted value-add renovation, achieving a record sale price of AED8.7 million ($2.3 million).
Page 1 of 339
>--%>