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Saudi Arabia Localized 27.3% of Military Spending in 2025, Beating 24% Target, Defense Industry Regulator Says

Saudi Arabia localized 27.3% of its military spending in 2025, above the year's 24% target, the General Authority for Military Industries said at a forum in Riyadh.

ADNOC Offers More Than AED60 Billion of Local Manufacturing Opportunities Through 2030, Overhauls Supplier Rules

Abu Dhabi National Oil Co. is offering more than AED60 billion ($16.3 billion) of local manufacturing opportunities through 2030, covering more than 200 products and critical spare parts.

Saudi Fisheries Completes Deal to Sell 51% of Al-Haridah Aquaculture to Sara National Trading

Saudi Fisheries Co. said it has completed an agreement to sell a 51% stake in Al-Haridah Aquaculture Co. to Sara National Trading Co., with the financial impact expected in the fourth quarter of 2026.

Saudi Arabia Says 7 Million Square Meters of White Land in Tabuk, Hail and Jazan Have Entered Development or Trading

Saudi Arabia's Ministry of Municipalities and Housing said 7 million square meters of white land in Tabuk, Hail and Jazan have entered development or trading, with fee revenue supporting 21 housing projects.

Dubai’s DIEZ to Set Up Global Research and Technology Center for Economic Zones

Sheikh Ahmed bin Saeed Al Maktoum, chairman of the Dubai Integrated Economic Zones Authority, has approved a strategy to set up a Global Centre for Research and Technology for Economic Zones.

Dubai Municipality Awards AED3 Billion of Contracts for Third Phase of Tasreef Stormwater Drainage Program

Dubai Municipality has awarded contracts worth AED3 billion for four projects under the third phase of its Tasreef program, adding about 100 kilometers of main stormwater drainage lines.

Astra Industrial Third-Quarter Profit Falls 19.5% to SR134.7 Million as Revenue Drops

Astra Industrial Group's third-quarter net profit attributable to shareholders fell 19.5% to SR134.7 million from SR167.4 million a year earlier, as quarterly revenue declined.

Oman’s Seven Listed Banks Lift Nine-Month Profit to OMR455 Million, Led by Bank Muscat

Combined net profit at the seven banks listed on the Muscat Stock Exchange rose to OMR455 million in the first nine months of 2026, from OMR420.6 million a year earlier.

Saudi Index Falls 2.2% as Houthi Attacks Rattle Investors, With 52 Stocks and REITs at Record Lows

Saudi Arabia's main share index fell 2.2% by late morning on Sunday as clashes between Yemen's Houthis and the Saudi-led coalition weighed on Gulf markets.

UAE Startups and Innovators: Databuddy, an AI Analyst for Product Teams

Databuddy Analytics, a Dubai-based AI product analytics start-up, raised more than $560,000 in pre-seed funding, including $500,000 from Y Combinator, with Maza Ventures and the a16z Scout program also investing.

Saudi Court Upholds Dismissal of SR413.8 Million Claim Against SENAAT’s Zamil Air Conditioning Unit

A Dammam appeals court upheld the dismissal of a lawsuit seeking SR376.1 million plus SR37.6 million in legal fees from a Zamil air conditioning subsidiary of Advanced Building Industries Co.

Brookfield Opens Doha Office for Its Global Credit Business, Including Oaktree

Brookfield has opened an office in Doha focused on its global credit platform, including Oaktree, as it seeks to expand investment in Qatar and the wider Gulf.
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