Economy News

Abu Dhabi’s MGX closes AED 179bn Fund I with backing from global institutional investors

Abu Dhabi-based artificial intelligence investment firm MGX has closed its inaugural MGX Fund I at AED 179 billion, drawing capital from a broad consortium of institutional and private investors spanning the Gulf, North America, Asia and Europe.

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Economy News

Dubai Financial Market hits AED 1tn as foreign investors cross 54% of trading activity

Dubai's stock exchange has reached AED 1 trillion in market capitalisation – quadrupling from AED 250 billion five years ago – as international participation crosses a historic threshold, with foreign investors now accounting for 54% of total trading liquidity for the first time.

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News Real Estate

UAE real estate posts robust Q1 2026 growth

The UAE real estate sector recorded strong momentum in the first quarter of 2026, with transaction volumes rising sharply across both Abu Dhabi and Dubai, according to the Central Bank's latest quarterly report.

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News

UAE tops GCC construction race with 700 confirmed projects

The UAE holds the largest confirmed construction pipeline in the GCC with 700 execution-ready projects valued at AED 506 billion, according to the Abu Dhabi Chamber of Commerce and Industry's latest sector report.

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News

Mubadala leads global sovereign wealth funds with USD 15.2bn deployed in H1 2026

Abu Dhabi's Mubadala Investment Company emerged as the world's most active sovereign wealth fund in the first half of 2026, deploying USD 15.2 billion across a broad range of transactions despite heightened market volatility stemming from the US-Iran conflict.

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News

Saudi Arabia’s PIF posts 152% profit surge to USD 17.33bn in 2025

Saudi Arabia's Public Investment Fund delivered a landmark set of annual results, with consolidated net profit surging 152% to USD 17.33 billion in 2025, against USD 6.8 billion the year prior.

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News

Oman awards EUR 2bn water and wastewater contract to France’s Suez

Oman Water and Wastewater Services Company has awarded an EUR 2 billion performance-based contract to French utility Suez, partnering with National Trading Company and National Energy Centre, to operate and maintain water and wastewater services across Muscat and the North and South Sharqiyah Governorates.

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News Real Estate

Dubai Residential REIT acquires 220 Jebel Ali Village townhouses for AED 894mn

Dubai Residential REIT has acquired 220 townhouses in Jebel Ali Village through a forward purchase agreement originally executed in May 2025, valued at AED 894 million.

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News Real Estate

Dubai Holding Real Estate launches in-centre golden visa support for property buyers

Dubai Holding Real Estate has introduced a dedicated service to help eligible property investors navigate Golden Visa and investor residency procedures directly at Nakheel and Meraas sales centres, integrating residency guidance into the property purchase journey.

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News

GCC asset management hits AED 9.9tn in 2025, highest growth in a decade

Assets under management across the Gulf grew 10% over the past year to AED 9.9 trillion, marking the strongest performance in over a decade, according to a Boston Consulting Group report.

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