Dubai Electricity and Water Authority has increased its ownership in Emirates Central Cooling Systems Corporation (Empower) from 56% to 80%, acquiring a 24% stake from Emirates Power Investment.

Mubadala Capital and U.S.-based TWG Global have agreed to acquire Clear Channel Outdoor Holdings in an all-cash transaction valued at $6.2 billion.

Saudi Arabia and Kuwait have announced the launch of their first jointly established, private sector-led business body, marking a new phase in bilateral economic cooperation and GCC integration.

KKR has opened a new office in Abu Dhabi, underscoring growing confidence among US private equity firms in the emirate’s long-term investment environment.

Red Sea Global and Bunat Ventures have launched a dedicated artificial intelligence venture fund to support early- and growth-stage AI startups in Saudi Arabia, strengthening the Kingdom’s innovation and digital economy ecosystem.

Dubai Future Foundation, the Dubai Department of Economy and Tourism (DET) and Crescent Enterprises have launched a Dubai-based global microbiome research and development initiative aimed at advancing innovation in health, longevity and wellness.

Oman has launched a AED 8.81 billion portfolio of manufacturing, tourism and digital economy projects under its 11th Five-Year Plan, reinforcing efforts to accelerate economic diversification and job creation.