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Oman Growth Forecast Rises to 3.5% as S&P Affirms BBB- Rating and Stable Economic Outlook

Oman growth is expected to reach 3.5% in 2026, according to a revised forecast from S&P Global Ratings. The agency also maintained Oman’s long-term...

Aramco Gas Division Plans Could Create Standalone Unit and Open Door to Future Investment

Saudi Aramco is exploring plans to create a standalone gas business as its natural gas operations expand. The company has reportedly hired Evercore to...

Karbala Housing Investment Licences Cover 60,000 Residential Plots Under Iraq’s National Housing Initiative

Karbala housing plans are moving forward with four new investment licences for residential development. The licences cover projects that could provide 60,000 residential plots....

Iraq Funds Recovery Reaches $13 Million After Frozen Assets Secured in French Banks

Iraq funds recovery has reached $13 million after authorities secured state assets frozen in French banks. The recovery followed court decisions and cooperation between...

AI Infrastructure Investment Expands as Mubadala Backs Nscale’s Global Growth

AI infrastructure investment is gaining attention as Abu Dhabi expands its presence in global technology markets. Mubadala unit Adic has invested in Nscale’s latest...

Oman Space Sector Expands as Private Investment Surges and New Projects Advance Toward 2029

Oman space sector growth is gaining momentum as private investment continues to increase. The country is developing a commercial space industry as part of...

Azerbaijan Gas Expansion Gains XRG Backing as Absheron Field Targets Major Production Increase By 2029

Azerbaijan gas development is gaining momentum after XRG backed the next phase of the Absheron field. XRG serves as the energy investment arm of...

Dewa Refinancing Secures $2.7 Billion For Dubai Solar Park’s Fourth Phase as Clean Energy Capacity Expands

Dewa refinancing has secured $2.7 billion for the fourth phase of Dubai's major solar park. Dubai Electricity and Water Authority completed the financing package...

Gulf Capital Could Shift Toward Domestic Markets Amid Iran War Uncertainty

Gulf capital could increasingly remain within the region as the Iran war reshapes investment priorities. BlackRock estimates that $50 billion to $100 billion could...

Dubai Gold Price Falls Dh11 As 24K Gold Drops to Dh505.50 Per Gram Amid Stronger US Dollar

The Dubai gold price fell Dh11 per gram on Monday morning. The 24K rate reached Dh505.50 per gram at the market opening. The decline...

Saudi Entertainment Centers See Registrations Rise 62% as Family Demand Grows Locally

Entertainment centers are expanding quickly across Saudi Arabia as family demand continues to increase. Active commercial registrations reached 8,462 by mid-2026. The figure represents...

Saudi Renewables Pipeline Reaches 63.8 GW Across 53 Projects as Capacity Expands

Saudi Renewables have reached 63.8 gigawatts across 53 projects, marking strong growth in clean energy development. The Kingdom continues expanding renewable power capacity under...
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