News

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 billion) contract by the Kingdom's Ministry of Health to manage and operate the SABIC Behavioral Care Specialist Hospital.

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Economy News

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 indicators, according to the report published by Switzerland's International Institute for Management Development.

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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 Ventures.

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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 regulatory authorisation process following in-principle approval granted in September 2025.

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News

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 Maxwell.

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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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News

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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News

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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News

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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