Sharjah Plans to Level Khor Fakkan Mountain for New Residential Development

Financial
Sharjah housing plans could expand residential capacity in Khor Fakkan as officials examine a new mountain development. The proposal aims to address limited land availability. Authorities are studying plans to level the summit of Al Aween Mountain. They could then use the land for a new residential community. The proposed development would sit in the Al Aween area of Khor Fakkan....
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Oman Wind Farm Secures $130 Million Funding as Country Accelerates Renewable Energy Expansion

The Oman wind farm project has secured funding as the country expands renewable energy capacity. The $130 million development will support Oman's clean energy...

Dubai Property Market Gains from Population Growth as Rising Supply Delays Price Increases

Dubai property continues attracting attention as rapid population growth strengthens long-term housing demand. However, stronger population numbers may not immediately push home prices higher. More...

DEWA Profit Jumps to Dh3.33 Billion in H1 2026 as Electricity Demand Drives Growth

DEWA profit reached Dh3.33 billion during the first half of 2026. Stronger demand for electricity, water, and cooling services supported the results. Dubai Electricity and...
Oil and Gas

Qatar LNG Strategy Expands as Doha Seeks to Protect Global Market Share and Future Revenue

Qatar LNG exports face new challenges as disruptions expose risks around concentrated domestic production. Therefore, Qatar could expand its global trading activities. Recent attacks damaged important energy infrastructure around Ras Laffan Industrial City. Consequently, Qatar's LNG export capacity fell by roughly 17 percent. The reduction equals about 12.8 million tonnes of annual LNG capacity. Qatar then invoked force majeure on several...

Finacial

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Dubai Chambers, Emirates Development Bank Boost SME Support

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Dubai Chambers has signed a Memorandum of Understanding (MoU) with Emirates Development Bank to enhance support for startups and small and medium-sized enterprises (SMEs). The agreement aims to provide tailored financing solutions for both new and existing...
Iraq

Iraqi Firm Sells 20-Year-Old VLCC Amid Tanker Price Rebound

Iraq’s Jannat Alferdos Company for Oil Services completed a VLCC sale that signals a rebound in tanker values. The deal involved a 20-year-old vessel,...
Oil and Gas

Abu Dhabi Family Office Invests Over $1 Billion in Global LNG Company MidOcean

MidOcean investment reached a major milestone after an Abu Dhabi-based investment company committed more than $1 billion to the global liquefied natural gas (LNG)...
Investment

Kuwait Enforces New Family Visa Rules for Expats

Kuwait enforces new family visa rules for expats as part of stricter immigration control. The new enforcement targets those who no longer meet the...
Financial

Iraq Expands Digital Payments to Boost Financial Inclusion

Iraq continues to modernize its financial sector with a strong push for digital transformation. The government and private sector now prioritize digital payments in Iraq to...
Financial

Saudi Arabia and New Zealand Boost Trade with $100 Million Deals

The Trade between Saudi Arabia and New Zealand has strengthened with $100 million in new commercial deals. These agreements immediately highlight both countries’ commitment...
News

Saudi Arabia Supports Palestinian State Recognition

Saudi Arabia helps Palestine as it warmly welcomes recent announcements from Australia and New Zealand about recognizing the State of Palestine. Moreover, the Kingdom...
Investment

Qatar Wins Big with Green Sustainability Awards for Urban Projects

United Development Company (UDC) has made major strides in environmental development. The company earned four major global awards under the Qatar sustainability achievements category at the...
Oil and Gas

Saudi Arabia Strengthens India’s Oil Supply Resilience

Saudi Arabia has emerged as a key player in safeguarding India’s oil supply resilience. As geopolitical tensions rise near the Strait of Hormuz, Riyadh...
Financial

Qatar Chamber Strengthens Leadership with New Director Appointment

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Qatar Chamber has taken a significant step by appointing Hamad Al-Marri as the new director of the Committees and Business Councils Department. This decision aligns with the chamber’s strategy to enhance business leadership and promote economic growth. Before stepping into this position, Hamad...

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