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Riyadh Robot Deliveries Launch with Level 4 Autonomous Vehicles in Saudi Arabia

Riyadh robot deliveries have entered a new phase as Saudi Arabia launches its first autonomous delivery vehicle pilot. The initiative introduces Level 4 self-driving...

Saudi Mortgage Market Strengthens as SRC and Banque Saudi Fransi Sign Third Portfolio Deal

The Saudi mortgage market is gaining further support through a new residential portfolio agreement. Saudi Real Estate Refinance Co. has signed its third portfolio...

Iraq Launches $2.7 Billion Economic Stimulus to Boost Housing, Industry and Agriculture

Iraq has announced a major Iraq economic stimulus package worth about IQD 3.5 trillion, or $2.7 billion. The plan targets housing, industry, agriculture, government...

Kuwait PMI Hits 52.4 as Non-Oil Private Sector Growth Continues Amid Stronger Orders and Rising Business Confidence

Kuwait’s non-oil private sector maintained its growth in September. The Kuwait PMI reached 52.4 points during the month. However, growth slowed from August’s reading...

Anthropic IPO Highlights Growing Gulf AI Exposure as Billions in Regional Investments Face New Risks Across the Artificial Intelligence Sector

Anthropic's planned IPO is drawing fresh attention to Gulf AI exposure. Gulf investors have built positions across several parts of the artificial intelligence industry....

Adnoc Expands Gas Carrier Fleet with $324 Million Order for Three New Vessels to Boost Future Energy Exports

Adnoc Logistics & Services is expanding its shipping capacity with three new gas carriers. The move will strengthen its gas carrier fleet as regional...

Diriyah Awards $730m Contracts to Build Luxury Hotels and Branded Residences

Diriyah contracts worth $730 million will support new luxury hotels and branded residences in Saudi Arabia. Diriyah Company awarded two major construction deals for...

Gulf Oil Exports Near Pre-War Levels Despite Rising Attacks and Higher Shipping Costs

Gulf oil exports are approaching pre-war levels despite rising attacks and shipping costs. However, stronger shipment volumes do not mean regional oil markets have...

Flydubai Co-Pilot Completed Part of Flight Training in New Zealand Before Incident on Dubai-Israel Flight

Flydubai co-pilot spent several months in New Zealand during earlier flight training, police confirmed on Tuesday. The man traveled to New Zealand in late...

UAE Fuel Prices Could Fall in November as Middle East Oil Exports Recover Despite Shipping Risks

UAE fuel prices could ease in November if Middle East oil supplies remain strong. Regional crude exports recently climbed above levels recorded before the...

Dubai Gold Prices Fall Further Below Dh500 as Diwali Buying Season Approaches

Dubai gold prices fell further on Tuesday, giving shoppers more room ahead of Navratri, Dhanteras and Diwali. The 24K rate dropped below Dh500 per...

Middle East Oil Exports Rise Above Pre-War Levels Despite Growing Tanker Attacks

Oil exports from the Middle East moved above pre-war levels during several days in late September. Regional crude shipments reached as much as 22.5...
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