UAE Wealth Surges to $3.6 Trillion as Total Wealth Set to Reach $6 Trillion by 2030

Financial
UAE Wealth increased by 12.7% in 2025, reaching $3.6 trillion compared with $3.2 trillion in 2024. The country's total wealth could reach $6 trillion by 2030, according to new industry projections. This outlook represents annual compound growth of approximately 10.6% over five years. Furthermore, the forecast highlights the UAE's growing importance as a regional and international wealth management destination. Financial...
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KFH-Bahrain and Alba Sign MoU to Strengthen Supply Chain Finance and Support SMEs

Kuwait Finance House and Bahrain (KFH-Bahrain) have signed a memorandum of understanding with Aluminium Bahrain B.S.C. (Alba). The agreement aims to strengthen Supply Chain...

Saudi Arabia Signs Major Energy Cooperation Deals with Kuwait, Qatar and Egypt to Strengthen Regional Security

Energy Cooperation is gaining momentum as Saudi Arabia signs new agreements with Kuwait, Qatar and Egypt to expand regional collaboration. Saudi Energy Minister Prince...

Saudi Arabia Expands Stadler Train Order with $361 Million Deal for 10 Additional Passenger Trains

Saudi Railways is expanding its passenger transport network by ordering 10 additional intercity trains from Swiss manufacturer Stadler. The new agreement will strengthen connections...
Kuwait

Saudi Arabia Signs Major Energy Cooperation Deals with Kuwait, Qatar and Egypt to Strengthen Regional Security

Energy Cooperation is gaining momentum as Saudi Arabia signs new agreements with Kuwait, Qatar and Egypt to expand regional collaboration. Saudi Energy Minister Prince Abdulaziz bin Salman signed three memoranda of understanding in Riyadh on Sunday. The agreements aim to strengthen energy security, encourage investment, and support new technologies across the sector. Moreover, they establish frameworks for cooperation in...

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Dubai Taxi Exceeds Dh1 Billion in H1 Revenue as Airport and Tourism Trips Decline

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Dubai Taxi Revenue remained resilient during the first half of 2026 despite weaker tourism demand and fewer airport-related trips. The company generated more than Dh1 billion in revenue while continuing its regional expansion and investing in long-term...
Oil and Gas

Oman Gas Pipeline Expansion Plans Move Forward

Oman gas pipeline expansion plans move forward as OQ Gas Networks (OQGN) outlines a bold strategy to grow the national gas grid. The company...
Oil and Gas

Saudi Arabia’s Non-Oil Sector Contracts in March Amid Regional Tensions

Saudi Arabia’s non-oil sector contracted temporarily in March for the first time since 2020. This decline reflected the impact of geopolitical tensions in the...
Saudi Arabia

GCC Markets Before Eid Show Slow Activity Amid IPO Developments

GCC markets before Eid experienced a cautious slowdown in momentum as investors turned their focus toward new IPO opportunities. Although some recent listings showed...
Oil and Gas

Saudi Arabia Offers Rare Spot Crude Amid Hormuz Freeze

Global oil crisis conditions worsened Monday as Saudi Arabia took the unusual step of offering crude on the spot market. This move follows the...
Iraq

Iraq Plans to Boost Oil Production to Over 6 Million bpd by 2029

Iraq is working to increase its oil production capacity beyond 6 million barrels per day (bpd) by 2029. The Oil Ministry announced this ambitious...
Investment

Kuwait Science Club wins EISTF 2025 grand prize

Kuwait Science Club secured the Grand Prize at the Egypt International Science and Technology Fair (EISTF 2025) on Saturday. The club also won two...
Bahrain

Bahrain Spring Rebrand to Boost MENA Innovation Ecosystem

The transformation of the Bahrain Spring marks a major milestone in the region’s innovation journey. Spring has officially launched as a single, unified platform that integrates...
Investment

UAE Cables See Rising Demand Amid Supply Chain Disruptions and Data Centre Growth

UAE cables are seeing stronger demand as major projects increasingly rely on domestic suppliers. Shipping disruptions during the regional conflict encouraged companies to seek...
Financial

QNB Banking Excellence Wins Five Euromoney Awards

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QNB banking excellence stood out once again by securing five prestigious awards at the Euromoney Awards for Excellence 2025. Notably, these honors confirm QNB’s position as a leader in banking innovation, customer service, and sustainability across Qatar and the...

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