Kingdom Holding taps Sumou to develop Riyadh plot targeting USD 1.06bn in sales
Saudi Arabia's Kingdom Holding Company has appointed Sumou Real Estate as exclusive development manager for a 3.07 million square metre plot in Riyadh,
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Real Estate
Abu Dhabi property market posts record AED 66bn quarter as FDI surges 423%
Abu Dhabi's real estate market recorded its strongest quarter on record in Q1 2026, with transactions reaching AED 66 billion across 13,518 deals
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UAE announces AED 6bn fourth national motorway to ease congestion
The UAE has unveiled plans for an AED 6 billion Fourth Federal Corridor, a 68km motorway featuring 10 junctions, six to eight lanes
Economy
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Dubai Chamber welcomes 2,709 new member companies in March 2026
Dubai Chamber of Commerce added 2,709 new member companies in March 2026, reflecting continued investor confidence in Dubai as a business destination despite
Economy
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UAE enters global top 10 exporters for first time with USD 1.64tn trade milestone
The UAE ranked 9th globally in goods exports in 2025, entering the world's top 10 for the first time according to the World
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Dubai Municipality to install EV supercharging stations across 600 public parking spaces
Dubai Municipality has launched a AED 150 million initiative to install electric vehicle supercharging stations across 600 parking spaces in public parks, beaches
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Real Estate
Dubai property sales reach AED 176.7bn in Q1 2026 as off-plan demand holds firm
Dubai's property market recorded AED 176.7 billion in sales across nearly 48,000 transactions in Q1 2026, a 23.4% year-on-year increase in value and
Economy
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UAE Ministry of Economy and DFSA sign MoU to strengthen financial oversight
The UAE Ministry of Economy and Tourism and the Dubai Financial Services Authority (DFSA) have signed a memorandum of understanding to enhance regulatory
Economy
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UAE Ministry of Finance amends tax procedure regulations effective 1 April
The UAE's Ministry of Finance has introduced amendments to the executive regulations governing tax procedures, effective 1 April 2026, aligned with the updated
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Kuwait approves USD 10bn capital budget for 2026-2027 amid regional conflict
Kuwait has approved capital expenditure of approximately KD 3 billion (USD 10 billion) for its 2026-2027 fiscal year, more than a third higher