SMC Healthcare subsidiary wins SAR 3.8bn mental health PPP contract in Saudi Arabia
Al-Mukhtas Al-Sehhi Medical, the 51%-owned subsidiary of Saudi Arabia's Specialized Medical Company (SMC Healthcare), has been awarded a SAR 3.8 billion (USD 1
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Economy
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UAE ranks fifth globally in IMD World Competitiveness Yearbook 2026
The UAE has secured fifth place globally in the IMD World Competitiveness Yearbook 2026, topping the Economic Performance pillar and leading 21 global
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Dubizzle Group backs UAE rental rewards platform Tern
Dubizzle Group has announced a strategic partnership and investment in Tern, a UAE-based rental rewards platform, through its venture capital arm Dubizzle Group
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Revolut secures UAE Central Bank licenses ahead of market launch
Revolut has received stored value facilities and retail payment services (Category II) licenses from the Central Bank of the UAE (CBUAE), completing its
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Sharjah hotel guests rise 22% to 2.1 million in 2025
Sharjah's 102 hotels welcomed 2.1 million guests in 2025, a 22% increase on the previous year, according to real estate advisory firm Cavendish
Economy
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GCC economies set for 8.1% rebound in 2027 after conflict-driven contraction
The six-nation GCC bloc is forecast to grow 8.1% in 2027 as energy trade routes normalise and tourism and business confidence rebuild, according
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Kuwait’s KIA backs USD 10bn Helix AI infrastructure venture with NVIDIA, KKR and Vistra
The Kuwait Investment Authority (KIA) has joined forces with NVIDIA, KKR and Vistra to establish Helix Digital Infrastructure, a consolidated platform designed to
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DIFC welcomes Oak Hill Advisors as its 100th hedge fund manager
Dubai International Financial Centre (DIFC) has announced the arrival of Oak Hill Advisors, a milestone that brings the total number of hedge fund
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DXC Technology and Anthropic forge global AI Alliance for enterprise systems
DXC Technology has entered a multi-year global alliance with Anthropic to embed AI into mission-critical enterprise systems serving banks, airlines, insurers, manufacturers and
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Al Maktoum Airport workforce to scale from 9,000 to 120,000 at peak construction
Dubai's Al Maktoum International Airport project is accelerating rapidly, with the onsite workforce expected to grow from its current 9,000 to approximately 120,000