Prime Highlights ACWA Power named Samir J. Serhan as CEO, replacing Marco Arcelli in a planned transition. The move aligns with ACWA’s global expansion in renewable energy, water desalination, and…
Prime Highlights IMF approved $2.3 billion for Egypt to support economic stabilisation and extend its programme. Syria’s economy is gradually recovering, aided by stronger consumer confidence, electricity supply, and returning…
Prime Highlights Saudi Arabia is investing heavily in infrastructure, education, health, and security, supporting long-term economic growth and diversification beyond oil. Non-oil revenue rose to SR505.3 billion in 2025, reflecting…
Prime Highlights Oman’s non-oil exports rose 7.5% to 6.7 billion rials in 2025, with re-exports surging 20.3%, underscoring stronger diversification and trade momentum. The Sultanate’s reform drive gained recognition as…
Prime Highlights stc Group recorded its highest-ever revenue of SR77.8 billion in 2025, up 2.5 percent year on year. Net profit increased 12.5 percent after one-time adjustments, reflecting steady growth…
Prime Highlights Merger and acquisition activity across the Middle East and North Africa surged 15% in 2025, reaching $106.1 billion. Cross-border deals drove growth, with inbound and outbound transactions rising…
Prime Highlights: The Tourism Development Fund (TDF) signs an agreement with Palladium Hotel Group to explore new resort projects in Saudi Arabia. The partnership aims to attract international investors and…
Prime Highlights: NTT Data is acquiring Dubai-based cloud consultancy Zero&One to strengthen its cloud capabilities and accelerate cloud-first solutions across the Middle East and Africa. The partnership leverages Zero&One’s regional…
Prime Highlights Point-of-sale spending in Saudi Arabia surged nearly 28% in the final week of January, driven by increased consumer activity across retail, services, and food sectors. Major cities, including…
Prime Highlight The UAE and Scotland have signed a new MoU to strengthen investment ties, economic collaboration, and sustainable growth. The agreement focuses on promoting capital, technology, and expertise exchange…
Prime Highlights Saudi Arabia’s civil aviation sector recorded strong growth in 2025, with passenger traffic exceeding 140 million, reflecting rising demand and improved connectivity. The sector’s expansion supports Vision 2030…
Prime Highlights EY has launched Studio+ in the MENA region to help organisations redesign services, improve customer journeys, and unlock growth in an AI-driven economy. The platform integrates design, technology,…
Prime Highlight: The Middle East and North Africa (MENA) saw renewable energy grow 44% in 2025, reaching 43.7 GW. Saudi Arabia led the surge, nearly tripling its capacity to 11.7…
Prime Highlight Kuwait’s real estate market saw a sharp rise in activity, with transactions jumping 87.3% during the week of January 11–15. Growth was driven primarily by strong demand in…
Prime Highlight Assets held by Saudi public investment funds rose sharply to SR217.9bn ($58.1bn) in Q3 2025, driven by strong domestic investments and higher investor participation. Local public investment funds…
Prime Highlights The US is seeking stronger mining partnerships with Saudi Arabia to boost innovation, attract investment, and strengthen energy security for both countries. The collaboration supports Saudi Arabia’s plan…
Prime Highlight UAE banking sector assets grew 0.8% in November to AED 5.25 trillion, driven by steady expansion in credit and deposits. Growth in both domestic and foreign lending supported…
Prime Highlight The MENA consumer packaged goods (CPG) market is projected to grow at a 5% CAGR, reaching $650 billion by 2030. Strong economic conditions, rising household incomes, and urban…
Prime Highlight Saudi Arabia’s tourism sector employed over one million workers in Q3 2025, marking a key milestone in building a strong visitor economy under Vision 2030. The sector saw…
Prime Highlight Saudi Arabia will allow foreign investors to directly invest in all segments of its stock market starting February 1. The move underscores the Kingdom’s push to attract global…
Prime Highlights Major UAE banks will stop sending one-time passwords by SMSfor online card payments, moving fully to app-based transaction approvals. Banks say the shift will strengthen security and reduce…
Prime Highlights Qatar’s real estate market saw a strong rise in activity in late December, reflecting steady demand and growing investor confidence. The pickup in transactions aligns with positive trends…
Prime Highlight The UAE is set to become one of the world’s fastest-growing labour markets, with strong job creation driven by technology, manufacturing, education, and healthcare. Artificial intelligence is expected…
Prime Highlights The Egyptian government has confirmed that no new financial burdens will be placed on citizens in the petroleum and natural gas sectors as the IMF-backed reform program enters…
Prime Highlight: Wego has partnered with the Korea Tourism Organization to promote South Korea as an exciting travel destination for travelers from the Middle East and North Africa. The collaboration…
Prime Highlights: GCC economies are expected to stay strong in 2026, supported by healthy domestic demand, stable global conditions, and ongoing economic diversification. Qatar is projected to lead the region,…
Prime Highlights The UAE has launched a $1 billion initiativeto support digital development and strengthen key sectors across African countries. The programme reflects the UAE’s commitment to long-term global partnerships…
Prime Highlights Mastercard has partnered with Egypt-based Fuelin to enable secure, real-time digital fuel payments for fleet operators across the MENA region. The collaboration aims to replace cash and vouchers…
Prime Highlights: BBVA secures ADGM approval to broaden its corporate and investment banking services in the Middle East. Eduardo Ortiz Gross appointed to lead BBVA’s Abu Dhabi branch, overseeing regional…
Prime Highlights: iVoiceUp raises investment from A15 to grow its operations in Egypt, Saudi Arabia, and the UAE. The platform empowers employees to report issues safely while helping management take…
Prime Highlights Saudi Arabia is expanding its aviation sector with Riyadh Air and the upcoming King Salman International Airport. The UAE is strengthening its aviation growth with the expansion of…
Prime Highlights Saudi Arabia’s total international trade reached SR540.5 billion ($144.3 billion) in Q3 2025, marking an 8.6% increase year-on-year. Petroleum and non-oil exports continue to drive growth, with merchandise…
Prime Highlight Saudi Arabia’s 2026 state budget expects revenues of SR1.15 trillion ($306 billion) and prioritizes citizens’ welfare and Vision 2030 initiatives. The government aims to boost economic growth, support…
Prime Highlights: A high-level Latvian delegation’s visit to the UAE marked significant progress in trade, investment, and logistics, signaling a “new era” in bilateral relations. Both countries agreed to establish…
Prime Highlights: Propeller has launched its $50 million Fund III to help MENA startups expand globally, with a focus on the U.S. market. The fund has already invested in five…
Prime Highlight: ADNOC approves a $150 billion (€130bn) investment plan for 2026-2030 to strengthen its global oil and gas position. The company will inject AED 220bn (€52bn) into the UAE…
Prime Highlight: SANS signed an MoU with MITREat Dubai Airshow 2025 to enhance research, innovation, and advanced technology in Saudi Arabia’s air navigation system. The partnership aims to improve operational…
Prime Highlights: AdsAdvisor has launched in the MENA region to support mobile businesses with better marketing and growth tools. The platform aims to solve challenges such as scattered data, high…
Prime Highlights JPMorgan has strengthened its presence in Dubai as part of a broader strategy to expand business with midcap companiesacross the Middle East. The bank sees the midcap segment…
Prime Highlight HSBC UAE has introduced a Cross-Currency Cash Concentration Solution to help corporates and institutional clients manage liquidity efficiently across multiple currencies and markets. The service provides near real-time…
Prime Highlights: Abu Dhabi becomes the first city in the MENA region to launch commercial operations of fully driverless Level 4 autonomous vehicles. The new permits mark a major step…
Prime Highlight The United Arab Emirates unveiled its National 6G Initiative, aiming to establish the country as a global leader in next-generation telecommunications. The project will leverage AI, quantum computing,…
Prime Highlights: Dubai’s economy expanded by 4.4% in the first half of 2025, reflecting the emirate’s resilience and competitiveness. Crown Prince Sheikh Hamdan attributed the growth to strong teamwork, disciplined…
Prime Highlight: Abu Dhabi’s Environment Agency (EAD) and ENEC signed an agreement to cultivate 500,000 coral reefs near the Barakah Nuclear Energy Plant to boost marine biodiversity. The initiative supports…
Prime Highlights: Stream, a Saudi fintech startup, raised $4 million in seed fundingto simplify business payments across the MENA region. The funding will help Stream enhance its product, strengthen compliance,…
Prime Highlights The UAE has launched a national AI training programto upskill over 5,000 employees in Islamic affairs, research, and community services. The initiative supports the UAE Artificial Intelligence Strategy 2031to…
Prime Highlights Dubai South Business Hub Free Zone (DSBH FZ)is transforming entrepreneurship into a lifestyle by offering a fully integrated environment where business owners can work, live, and grow. The…
Prime Highlights: Venture capital in the Middle East hit a record $2.77 billionin the first nine months of 2025, up 152% from last year. The UAE and Saudi Arabialed the surge,…
Prime Highlights: Former Scale AI executive Bilal Abu-Ghazalehhas launched 1001, a new startup focused on modernizing major industries across the Middle East and North Africa (MENA). The company has raised…
Prime Highlights Kafalah issued 5,447 guarantees in Q3 2025, raising SME funding by 8% year-on-year to SR14 billion, reinforcing its role in economic development. The program continues to support Vision…
Prime Highlight The UAE's labor force grew significantly in 2024, with an economic participation rate rising to 81.4%, reflecting the country’s ongoing efforts to create more job opportunities and strengthen…
Prime Highlights: US-based Tensor Auto has launched the Tensor Robocar, the world’s first fully autonomous personal vehicle that requires no driver, licence, or insurance. The Robocar uses AI to handle…
Prime Highlights: Bond sales in the MENA region surged 20%in the first nine months of 2025, reaching a record $125.9 billion. Mergers and acquisitions in the region jumped 166%, with…
Prime Highlights: Dubai has become the world’s largest licensed virtual assets market, with transaction volumes reaching AED 2.5 trillion ($680 billion) since the start of 2025. The Dubai Financial Sector…
Prime Highlights Business travel in the MENA region surged 30% in Q3 2025, driven by a strong rebound in September bookings after earlier disruptions. UAE-based Tumodo says short trips dominate…
Prime Highlights Neuberger Berman has strengthened its Middle East operations by appointing a dedicated MENA equities teamled by industry veteran Walid Mourad, aiming to deepen client engagement and local investment…
Prime Highlights: The UAE launches its first AI Centre of Excellence in Abu Dhabi, aiming to build homegrown AI technology and support local talent. The centre will drive innovation in…
Prime Highlights Riyadh Air and Uber Technologies have partnered to offer a seamless and convenient travel experience for passengers. The collaboration aims to combine premium air travel with Uber’s technology,…
Prime Highlights: Kuwait and Qatar’s non-oil sectors continued to grow in September, showing steady business activity and optimism for the future. Egypt’s non-oil sector faced a slowdown, with falling new…
Prime Highlight: Sukna Capital and US-based Partners For Growth (PFG) have launched a USD 50 million joint venture to provide flexible, Sharia-compliant funding for technology SMEs across Saudi Arabia and…
Prime Highlights: Saudi Arabia’s cultural sector has attracted $500 million in foreign investmentand 1,700 international investors, signaling rapid growth and global interest. The government is positioning culture as a core…
Prime Highlights: Ali Al Najjar has been appointed as the new CEO of Al Ansari Exchange, bringing over 20 years of experience with the company. Under his leadership, the company…
Prime Highlight Emergent secures $30M funding to expand its AI-powered no-code platform globally, with a strong focus on MENA and Asia. The platform empowers entrepreneurs and SMEs by enabling them…
Prime Highlight The MENA industrial packaging market is set to grow from $5.5 billion in 2025 to $10.5 billion in 2035, driven by e-commerce expansion, industrial growth, and sustainability. Saudi…
Prime Highlights: Al-Baha region launches $24 million industrial projects to attract investment, create jobs, and strengthen SMEs. Agreements signed with universities and training institutions aim to develop local talent and…
Prime Highlights: The UAE’s construction sector is projected to reach $130.8 billion by 2029, marking a 22% increase from 2024, driven by major state-led projects and economic diversification. Dubai and…
Prime Highlights Spare, a Bahrain-based FinTech startup, raised $5 million in a pre-Series A funding roundled by anb Seed Fund with participation from regional investors. The funding will be used…
Prime Highlight Dentsu’s Tag has appointed Assi Rahbani as Managing Director for MENA, leading its relaunch under the global promise to “Make It Land.” The expansion signals Tag’s ambition to…
Prime Highlights Emirates has inaugurated a £100 million pilot training centre in Dubai, adding 45,000 annual training hours and boosting total capacity to 130,000 hours. Sheikh Ahmed bin Saeed Al…
Prime Highlights: Egypt has signed three new oil and gas deals worth over $121 million with international companies, boosting exploration and drilling in key areas. The agreements reflect growing international…
Prime Highlights: The UAE’s offshore industry is expected to create around 83,000 skilled jobs over the next five years, attracting international companies to the region. The sector’s growth reflects the…
Prime Highlights: Trade247 officially launches in Dubai, offering secure and regulated trading solutions to UAE investors. The brokerage is regulated by both the UAE’s SCA and Mauritius’ FSC, ensuring compliance…
Prime Highlight Abu Dhabi Global Market (ADGM) has emerged as the region’s largest financial hub, hosting over 11,000 active licences and recording 42% AUM growth in early 2025. Major global firms,…
Prime Highlight Property Finder has raised $525 million in a strategic funding roundled by Permira, with Blackstone Growth as a major investor. The investment will help the platform expand technology…
Prime Highlights: 22-karat gold in Dubai hits Dh408 per gram, while 24-karat gold reaches Dh440.5 per gram. Global gold prices reached a record high of over $3,659 per ounce following…
Prime Highlights: TruEstimate now supports half of all property transactionsin the UAE, showing its growing role in the real estate market. The tool helps buyers, sellers, and agents make more…
Prime Highlight Anb Capital and Lexham Partners have launched a $200 million Growth Fund targeting MENA, with a strong focus on Saudi Arabia. The fund will prioritize technology companies at…
Prime Highlight Yellow Door Energy marks 10 years of operations with 1 billion kilowatt-hours of clean energy generated, cutting 396,000 metric tonnes of carbon emissionsin the Middle East and Africa.…
Prime Highlight Intella raised $12.5 million in an oversubscribed Series A, led by Prosus Ventures and global investors. The company is launching Ziila, an Arabic-first AI assistant, already adopted by…
Prime Highlights RAK Properties now allows international investors to buy property in Ras Al Khaimah using cryptocurrency through its partnership with Hubpay. The move positions RAK Properties as a forward-thinking…
Prime Highlights: Oman launches a 10-year Golden Residency programme to attract foreign investors and skilled professionals, offering long-term security for families. The programme aims to boost job creation, support knowledge…
Prime Highlights Hewlett Packard Enterprise (HPE) and AMD have begun local production of high-performance servers in Riyadh in partnership with Al Fanar, supporting Saudi Arabia’s Vision 2030. The initiative strengthens…
Prime Highlights ZainTECH has launched its AI-powered SecOps managed security service across the MENA region, providing 24/7 protection for cloud and hybrid systems. The solution ensures cost-efficient, compliant, and sovereign…
Prime Highlight: Saudi Real Estate Refinance Co. (SRC) has introduced Saudi Arabia’s first residential mortgage-backed securities (RMBS), marking a big step in the Kingdom’s financial sector. The launch supports Saudi…
Prime Highlights: Saudi Arabia is transforming into a global hub for technology startups by combining regulatory reforms with rapid innovation. Riyadh has climbed 60 places in the Global Startup Ecosystem…
Prime Highlights Jubail Industrial City operates the world’s biggest integrated smart irrigation network. Supports Saudi Vision 2030 and regional climate goals. Key Facts System covers over 11,600 km of pipelines…
Prime Highlights: DEWA begins trial operations of Hatta pumped-storage hydroelectric plant as part of Dubai’s clean energy transition. The facility has already generated 17,921 MWh during testing and started supplying…
Prime Highlights: · Golden Visa holders are expected to drive strong demand in Dubai’s property market. · Key areas like Downtown Dubai and Business Bay may see annual property price…
Prime Highlights Saudi Arabia's ADES is to buy Norway's Shelf Drilling in an all-cash $380m deal. The offer is 62% higher than Shelf Drilling's last traded share price. Key Fact…
Prime Highlights Dubai universities to roll out new AI, robotics, game development, and creative arts courses starting September 2025. The action is aligned with Dubai's Education Strategy 2033 and the…
Prime Highlights UAE-born Allo Beirut makes historic comeback in Lebanon with its first store on Hamra Street in late October 2025. The three-level store is 675 sqm and has seating…
Prime Highlights Saudi POS expenditure reached more than SR12.19 billion for the fourth consecutive week. Hotel expenditure rose 2.1%, offsetting wider sector losses. Key Fact POS weekly transaction fell to…
Prime Highlights Apple unveils its first fully Arabized e-commerce website in Saudi Arabia, increasing online retail for Saudi consumers. It provides same-day delivery, multi-language functionality, Arabic engraving, and additional payment…
Prime Highlights China Harbor Engineering Company bags SR 5.75 billion contract to build Diriyah's 20,000-seat multipurpose arena. It is a flagship of Vision 2030, for economic, cultural, and tourism development.…
Prime Highlights HUI to purchase single rights under 10 MENA clean hydrogen project licenses. UAE and Saudi Arabia development projects are profitable for InEnTec's new plasma gasification technology. Key Facts…
Prime Highlights Saudi Fashion Commission and SAIP present a guide that can be used by designers to help protect intellectual property. Guide covers patents, industrial designs, trademarks, and copyright protection.…
Prime Highlights Saudi Arabia's commitment to safeguarding children on the internet is firmly endorsed in the UN Human Rights Council. Kingdom global digital security leadership based on its world number…
Prime Highlights: Gold prices in Dubai stay firm over AED 370 per gram even with market fluctuations. Diamond jewellery observes discounts of up to 75% with intense summer offers. Key…