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Qatar Airways Cuts Jeddah Flights and Keeps Riyadh, Dammam Services Suspended Until October 24

Qatar Airways has reduced flights to and from Jeddah to four a day from seven and extended its suspension of Riyadh and Dammam services until October 24.

UAE Exempts Same-Tax-Group Transactions From E-Invoicing for Two Years, Drops In-Country Data Storage Rule

The UAE Ministry of Finance has excluded same-tax-group transactions from e-invoicing for 24 months from January 1, 2027, and removed a requirement to store e-invoice data in the UAE.

China’s Fangda and Saudi Arabia’s IKK Win SR1.15 Billion Façade Contract for Qiddiya World Cup Stadium

A joint venture of China Fangda Group and Saudi Arabia’s IKK Group has won a SR1.147 billion contract for the façade of the Prince Mohammed bin Salman Stadium in Qiddiya.

Swiss Group DKSH to Acquire Dubai-Based NewBridge Pharmaceuticals for $390 Million

DKSH has agreed to acquire 100% of Dubai-headquartered NewBridge Pharmaceuticals for an enterprise value of $390 million, with closing expected by the end of the first quarter of 2027.

Sharjah’s Arada Enters Saudi Market With SR50 Billion Land Portfolio, Unveils SR14 Billion Riyadh Community

Sharjah-based Arada has launched Arada Saudi Arabia with access to a 10 million square meter land portfolio valued at SR50 billion, and a SR14 billion first project in Riyadh.

Intersec Saudi Arabia Security Trade Show Postponed to October 2027, Organizer Says

Messe Frankfurt Saudi Arabia has postponed the Intersec Saudi Arabia security, safety and fire protection exhibition to October 2027, citing recent developments in the kingdom.

Abu Dhabi and Qatar Sovereign Funds Join Anchor Book for Jio Platforms’ $3.2 Billion IPO

The Abu Dhabi Investment Authority and the Qatar Investment Authority were among the anchor investors in Jio Platforms’ initial public offering, which raised 81.1 billion rupees ($854 million) from anchors ahead of India’s largest share sale.

AD Ports’ Sdeira Group Unveils Masterplan for 27,000-Resident Workforce Community Near Khalifa Port

Sdeira Group, the staff housing arm of AD Ports Group, has unveiled the masterplan for a community near Khalifa Port for up to 27,000 industrial workers, with construction due to start in the first half of 2027.

Abu Dhabi Residential Sales Reach AED21.5 Billion in Third Quarter as Luxury Deals More Than Double, Savills Says

Abu Dhabi recorded 6,085 residential transactions worth AED21.5 billion in the third quarter of 2026, according to Savills Middle East, as sales above AED10 million rose 104% from a year earlier.

Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.

Saudi Arabia Approves First 19 Hotel Projects Under Hospitality Investment Program, Targeting SR6.7 Billion

The first 19 projects approved under Saudi Arabia's Hospitality Investment Enablers Program are expected to unlock SR6.7 billion in investment and add more than 3,000 hotel rooms.

ENOC Says Efficiency Programs Have Saved More Than AED478 Million Since 2014

ENOC Group has generated more than AED478 million in cumulative savings from energy and resource management initiatives since 2014, the Dubai energy company said.
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