Economy News

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 to a new Economic Insight report from ICAEW and Oxford Economics.

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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 serve hyperscale data centre operators with total capital commitments exceeding USD 10 billion.

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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 managers registered at the Centre to 100.

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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 government agencies.

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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 at peak construction capacity.

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News Real Estate

Dubai Land Department takes gold at Global AI Award 2025

Qatar's residential property market recorded 1,582 transactions worth approximately QR 6.2 billion (USD 1.7 billion) in Q1 2026, according to Knight Frank's latest Qatar Real Estate Market Review.

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News Real Estate

Qatar residential sales reach USD 1.7bn in Q1 2026

Qatar's residential property market recorded 1,582 transactions worth approximately QR 6.2 billion (USD 1.7 billion) in Q1 2026, according to Knight Frank's latest Qatar Real Estate Market Review.

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Middle East boards rank first globally on AI governance

Corporate boards across the Middle East are leading their global peers on AI governance and future readiness, according to Board Intelligence's latest Board Value Index, which surveyed more than 400 non-executive directors, CEOs and CFOs across the UK, US, Nordics and Middle East.

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News Real Estate

Dubai luxury off-plan market logs AED 4.96 bn in May sales

Dubai's luxury off-plan residential sector generated nearly AED 4.96 billion in May from properties priced above AED 5 million, according to market analysis by the Keturah luxury brand.

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Economy News

UAE banks raise deposit rates above Central Bank base rate

UAE banks are intensifying competition for retail deposits, offering savings rates significantly above the central bank's 3.65% base rate.

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