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Iraq Signs Private Sector Pacts to Raise Factory Production

Iraq is taking major steps to enhance its industrial output through new public-private partnerships. Therefore, the Ministry of Industry and Minerals signed two PPP...

Saudi Arabia Reshapes NEOM Strategy with Workforce Cuts and Capital Relocation

Saudi Arabia’s flagship NEOM project is undergoing major changes. A strategic review has triggered staff relocations and expected layoffs. The move reflects a shift...

Qatar Gas Projects Fuel Energy Growth

Qatar is rapidly scaling its natural gas infrastructure. The country aims to increase output to meet global energy needs. This plan focuses on efficiency,...

Boursa Kuwait Posts 61% Profit Surge as Trading Volume and Market Reforms Drive Growth

Kuwait stock exchange growth is accelerating due to strong profits and sweeping market reforms. Boursa Kuwait posted a 61.12% rise in net profit, reaching...

ADNOC Drilling Delivers $217M Dividend Amid Soaring Profits and Contract Wins

The UAE energy sector continues to post strong results. ADNOC Drilling recently reported a sharp increase in second-quarter revenue. The company’s revenue rose by...

RAKBank Disrupts UAE Banking with Crypto Trading Access for Retail Clients

RAKBank has introduced a crypto trading service for retail clients, marking a major step in UAE digital finance. The bank now allows users to...

BankDhofar Expands Reach with New Al Tharmad Branch to Tap Growth in Oman

BankDhofar has opened a new branch in Al Tharmad to expand its network and serve more customers across Oman. This move supports the bank’s...

Saudi Arabia Bets on Robotaxis to Drive Smart Mobility and Tech Investment

Saudi Arabia has launched its first autonomous taxi service in Riyadh, marking a major step in smart transportation. The new initiative supports Vision 2030...

Iraq Allocates $172M to Boost Drilling Equipment and Operations

Iraq is pushing forward with a $172 million investment to improve its oil production capacity. The Iraqi Drilling Company (IDC) will use the funds...

UAE Economy Supports Strong Aldar Profit Growth in Real Estate Sector

Aldar Properties continues to deliver impressive financial results, driven by rising property demand and a strong UAE economy. The Abu Dhabi-based developer recently posted...

Iraq Plans 12GW Solar Power Boost in Energy Shift

Iraq has announced a major step toward clean energy with a plan to produce 12GW of solar power. The Iraqi Oil Ministry confirmed this...

UAE’s $Billion Bet: DAE Secures 10 Boeing 737-9 Jets for United Airlines

The United Arab Emirates has taken a major step in expanding its aviation portfolio. Dubai Aerospace Enterprise (DAE) confirmed the purchase of 10 new...
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