Economy News

HEISCO to acquire 50% stake in Pure Works & Services for USD 24m

Kuwait-listed Heavy Engineering Industries and Shipbuilding (HEISCO) has received board approval to acquire a 50% stake in Pure Works & Services Company for KD 7.3 million (USD 24 million).

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Economy News

Blackstone makes AED 918m UAE debut with payments firm ADGT

US investment giant Blackstone has committed AED 918m to Advanced Digital Gaming Technology (ADGT), a UAE-headquartered payments and data-intelligence company – marking its first regional investment since the onset of the Iran conflict.

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Economy News

Dubai climbs to seventh in global financial centres ranking

Dubai has reached its highest ever position in the Global Financial Centres Index (GFCI), rising to seventh place globally among 137 assessed centres – the only Middle East financial hub to rank in the top 10, according to Z/Yen Group.

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Economy News

Saudi Ports Authority launches Sharjah–Saudi trade corridor

The Saudi Ports Authority has launched a new trade bridge linking Sharjah in the UAE with Saudi Arabia, aimed at improving cross-border cargo movement and strengthening regional logistics integration.

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Economy News

UAE and Japan conclude CEPA negotiations to boost trade ties

The United Arab Emirates and Japan have concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking Japan’s first such deal with an Arab country.

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Economy News

Etihad posts record AED 2.6 bn profit, unveils AED 80 bn growth plan

Etihad Airways delivered a record AED 2.6 billion profit in 2025, up 47% year-on-year, as passenger numbers surged 21% to 22.4 million – making it the fastest-growing full-service network carrier globally.

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Economy News

UAE Central Bank tightens AI governance in financial sector

The Central Bank of the UAE (CBUAE) has issued new guidelines directing licensed financial institutions on the responsible use of artificial intelligence and machine learning.

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Economy News

UAE launches first 7-year dirham Islamic T-Sukuk, draws USD 1.6 bn in bids

The UAE Ministry of Finance, in coordination with the Central Bank of the UAE (CBUAE), has issued its first-ever seven-year UAE dirham-denominated Islamic Treasury Sukuk, valued at AED 550 million.

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Economy News

Oman’s economic zones attract USD 3.6 bn in new investment, create 4,467 jobs in 2025

Oman recorded more than USD 3.6 billion in new investment across its free zones, industrial cities and special economic zones in 2025.

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Economy News

Saudi mining licenses jump 220% in 2025 as investment tops SAR 44bn

Saudi Arabia recorded a 220% increase in new mining exploitation licences in 2025, underscoring accelerating momentum in the Kingdom’s push to develop the sector as a core pillar of economic diversification.

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