South Africa’s Absa Opens First Gulf Office in Dubai’s DIFC to Link Gulf Investors With African Markets

Financial
Absa Group has opened its first Gulf office at Dubai International Financial Centre, operating under a Category 4 license from the Dubai Financial Services Authority that lets it arrange and advise on deals and credit.
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Barwa’s Shaza Hotels Signs Deal With Omnia Properties for 125-Unit Mysk Branded Residences in Oman, Due in 2030

Shaza Hotels, a unit of Qatar's Barwa Real Estate Group, has signed a memorandum of understanding with Omnia Properties for Mysk Beach Residences, a 125-unit serviced residential project on the Gulf of Oman coast expected to open in 2030.

UAE Startups and Innovators: Qashio, a Spend Management Platform That Rewards Business Payments

Dubai-headquartered Qashio has launched Global Pay, a cross-border business payments product that lets companies earn loyalty points when paying overseas suppliers.

Dubai Launches Future Regulations Team Drawing on 25 Government Entities to Update Laws for Emerging Sectors

Dubai has set up a Future Regulations Team bringing together representatives of 25 government entities to identify legislative barriers and draft regulatory proposals for emerging sectors.
Investment

Qiddiya Investment Company Appoints Golf Saudi to Run Its Faldo-Designed Golf Course Under Five-Year Deal

Qiddiya Investment Company, owned by Saudi Arabia's Public Investment Fund, has appointed Golf Saudi to operate its 18-hole National Golf Club under a five-year management agreement. The course opens on October 30.

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Iraq Approves Incentives for Basra Housing Projects

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Iraq continues to boost real estate development by approving new incentives for the Basra housing projects in Iraq. These changes target two major sites, Basra/1 and Basra/2, and aim to speed up private-sector investment and housing supply. First,...
Oil and Gas

Aramco Offers Europe Extra Crude Cargoes as Saudi Exports Recover After Pipeline Attacks

Saudi Aramco is offering European customers additional crude oil cargoes for delivery in late October and into mid-November, three trade sources told Reuters. The volumes...
Financial

Oman Acquisition Deal Strengthens Renaissance Services’ Expansion in Facilities Management Sector

Oman acquisition deal marks a major step in Renaissance Services’ expansion strategy as the company completes the purchase of Socat LLC. The move strengthens...
Oil and Gas

UAE Fuel Retail Growth Boosts ADNOC Distribution Profits

UAE fuel retail growth boosts ADNOC Distribution profits as the company reports strong results in the first quarter. The business delivered record fuel volumes...
Oil and Gas

Qatar Seeks to Restart US-Iran Peace Talks as Oil Prices Slide Amid Hormuz Tensions

Qatar peace talks efforts are gaining attention as Doha seeks to ease tensions between Washington and Tehran. The diplomatic push comes as oil prices...
Investment

Zain Group Unveils Global M2M Offering in Kuwait

Zain Group, a leading telecommunications provider in the Middle East and Africa, has introduced a groundbreaking Global M2M offering. This new solution aims to...
Financial

Abu Dhabi Home Values Rise 17.8% as Apartment Prices and Off-Plan Sales Continue Strong Growth

Abu Dhabi homes continued their strong upward trend during the second quarter of 2026 as the emirate's property market recorded another period of steady...
Investment

Food Security Deal Boosts Iraq Agriculture

Food security gained momentum in Iraq as Turkey’s Tiryaki Agro Holding signed a cooperation deal with the International Finance Corporation. The agreement aims to...
Investment

Saudi Arabia’s Scopely Acquires Pokémon Go for $3.5 Billion

Scopely, a gaming company backed by Saudi Arabia’s Public Investment Fund, has purchased Niantic’s gaming division for $3.5 billion. This deal includes the hit...
Oil and Gas

Gulf War Damage Costs Surge to $58 Billion as Energy Infrastructure Losses Mount

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War damage cost concerns continue to rise across the Gulf after new estimates highlight severe energy infrastructure losses. The war damage cost now reflects a much larger financial burden than earlier projections suggested. Analysts warn that recent conflict damage...

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