South Korea's Doosan Enerbility has announced that it had signed a contract worth KRW837 billion ($556 million) for the second phase of the Jafurah Combined Heat and Power Plant in Saudi Arabia in partnership with Korea Electric Power Corp (Kepco) and Saudi oil giant Aramco.
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The dominant theme in markets remains a growing belief that some form of peace deal between US and Iran will eventually materialise. Investors have steadily priced a "peace premium" into assets, helping suppress volatility and underpin a rally that has pushed Wall Street to record highs, said an expert.
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Royal Commission for Riyadh City (RCRC) is gearing up to launch a major urban cooling project in the Saudi capital that aims to reduce temperatures on roads, walls and other urban surfaces by up to 15°C, said a report. Top Greek consulting firm Planet has been signed up as the lead consultant for the project.
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A landmark reform of the UAE's civil law takes effect today (June 1), lowering the age of legal adulthood from 21 to 18 and introducing sweeping changes that will affect how residents, businesses and investors manage contracts, property, finances and legal disputes.
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US President Donald Trump has sent back changes to the proposed deal with Iran after a meeting with advisers on Friday, CNN quoted officials as saying, extending the back-and-forth negotiations into another week.
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US President Donald Trump has yet to decide whether to endorse a reported memorandum of understanding negotiated between US and Iranian officials, as the world awaits a potential extension of the ceasefire and eventual peace deal.
Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate.
Qatar's Ministry of Interior (MOI) has announced the termination of automatic extension of all types of expired or nearly expired entry visas, effective Sunday, June 7.
Meta, the social networking giant, has announced that it’s now rolling out its consumer subscription plans globally for its flagship apps Instagram, Facebook, and WhatsApp.
Global energy investment is expected to reach $3.4 trillion in 2026, with $2.2 trillion going to low-emissions and grid technologies and $1.2 trillion to fossil fuels, according to the IEA report.
US and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program, but President Trump has yet to give his final approval, Axios has reported quoting two US officials and a regional source involved in the mediation efforts.
Kuwait's Foreign Ministry strongly condemned on Thursday the Iranian attacks targeting its territories with missiles and drones, describing them as a dangerous escalation and a blatant violation of the country's sovereignty, security and territorial integrity.
The global economic outlook has deteriorated sharply in recent weeks, according to the latest edition of the World Economic Forum’s Chief Economists’ Outlook published on Thursday (May 28).
Total global air passenger demand, measured in revenue passenger kilometers (RPK), was down 3.4% in April this year, compared to April 2025, data from International Air Transport Association (IATA) said.
A consortium comprising First Avenue for Real Estate Development Company, Dar Al Majed Real Estate Company – Al Majdiah and Rekaz Real Estate Company has secured a key contract for the development of the East Hindawiyah District Project in Makkah.
South Korea's Doosan Enerbility has announced that it had signed a contract worth KRW837 billion ($556 million) for the second phase of the Jafurah Combined Heat and Power Plant in Saudi Arabia in partnership with Korea Electric Power Corp (Kepco) and Saudi oil giant Aramco.
Positioned as an accessible destination for GCC visitors, the June edition of Qatar Calendar highlights the beginning of a dynamic seasonal programme, reinforcing Qatar’s positioning as a leading summer destination.
Positron AI, a US-based developer of next-generation specialised AI inference infrastructure, has established its first presence outside the country in the Dubai International Financial Centre (DIFC)), the leading global financial centre in the Middle East and Africa region.
The dominant theme in markets remains a growing belief that some form of peace deal between US and Iran will eventually materialise. Investors have steadily priced a "peace premium" into assets, helping suppress volatility and underpin a rally that has pushed Wall Street to record highs, said an expert.
A consortium comprising First Avenue for Real Estate Development Company, Dar Al Majed Real Estate Company – Al Majdiah and Rekaz Real Estate Company has secured a key contract for the development of the East Hindawiyah District Project in Makkah.
The Emirates Drug Establishment (EDE) has approved Wegovy (semaglutide), an oral once-daily treatment indicated for long-term weight management in adults living with obesity or overweight associated with weight-related medical conditions.
Abu Dhabi Maritime Academy (ADMA) has signed a memorandum of understanding with Bahrain Polytechnic to strengthen cooperation in the areas of education, training, and applied research.
The Middle East remains a vital global feeder market for Printemps Paris, the iconic Boulevard Haussmann luxury institution celebrating Parisian elegance since 1865. To entice regional travellers, Printemps has launched a premium in-store activation for Eid Al Adha 2026, featuring storewide discounts, Arabic-speaking personal shoppers, and VIP lounge access.
DP World, the global trade enabler, has announced that it will jointly invest, along with the Government of the Dominican Republic, an additional $100 million to expand logistics and warehousing infrastructure at the DP World Free Trade Zone (FTZ) in Caucedo.
Positron AI, a US-based developer of next-generation specialised AI inference infrastructure, has established its first presence outside the country in the Dubai International Financial Centre (DIFC)), the leading global financial centre in the Middle East and Africa region.
Dubai Taxi Company (DTC) has signed an agreement with AJ Industries, an expert in sustainable and innovative automotive solutions in Ajman, in bid to scale its operational expertise, digital platforms and e-hailing capabilities to support the mobility ecosystem in the emirate.
Meta, the social networking giant, has announced that it’s now rolling out its consumer subscription plans globally for its flagship apps Instagram, Facebook, and WhatsApp.
A landmark reform of the UAE's civil law takes effect today (June 1), lowering the age of legal adulthood from 21 to 18 and introducing sweeping changes that will affect how residents, businesses and investors manage contracts, property, finances and legal disputes.
