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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Exhibition of art and poetry in Dubai celebrates women

Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.
  • “La Belleza,” which translates to "The Beauty," reflects the central theme of the exhibition
  • At the core of "La Belleza" is a commitment to supporting and promoting women artists

The Middle East fastest growing Real-Time Payments market globally

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...
  • The region saw a remarkable YoY growth of 33.6% in 2023 with 855 million real-time payment transactions
  • Transaction value in the Middle East is projected to rise from US$230 billion in 2023 to US$903 billion by 2028

Saudi Arabia inaugurates its second “House of Culture”

As part of the “Quality of Life” program, these houses aim to upgrade cultural infrastructure and boost Saudi engagement in...
  • Each “House of Culture” in the Kingdom has a strategic plan for sustainability and activation
  • These cultural houses feature various sections, including learning areas, a kids’ theater, a main stage, and reading spaces

Geopolitical unrest generates an onslaught of DDoS attacks

NETSCOUT SYSTEMS, INC. released findings from its 2H2023 DDoS Threat Intelligence Report that dissects trends and attack methodologies adversaries use...
  • Hacktivist Groups increase activity globally
  • Over 7 million DDoS attacks in H2 2023

Space economy set to triple to $1.8trn by 2035, reveals new research

The growth of the space industry will largely be built upon the increased reach of space-based and/or -enabled technologies, such...
  • The growth will largely be due to space-based and -enabled technologies, such as communications positioning, navigation and timing.
  • Space technologies are delivering greater value to a more diverse set of stakeholders than ever before, including in industries as varied as food and beverage, among others.

Germany shares observations on Qatar hosting Autonomous e-Mobility Forum

In its efforts toward sustainable transportation, the German embassy is the first diplomatic representation in Doha to utilize an electric...
  • The diplomats shared their observations and views on Qatar’s trajectory as a hub for dialogue and the potential of autonomous e-mobility moving forward
  • The German embassy is indeed the first diplomatic representation in Doha to utilize an electric vehicle as a staff car

Saudi’s Modon attracts $3.8bn industrial investments in 2023

Saudi Authority for Industrial Cities and Technology Zones (Modon) has announced significant progress in attracting industrial and logistical investments for...
  • New investments surged by 63 percent, with 891 local and foreign investments secured.
  • The number of factories rose to 6,443, alongside 7,946 industrial, logistical, and investment facilities

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
  • Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.
  • Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.

Abu Dhabi’s private sector grows by over  35 percent in 2023

ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...
  • Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.
  • Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.

RAKBANK, DP World sign pact

The aim is to offer trade finance solutions to businesses in UAE.
  • This strategic partnership leverages DP World's extensive trade network and real-time data insights.
  • It empowers RAKBANK with enhanced risk assessment capabilities and streamlined access to financing.

UAE Cyber Security Council: Over 12,000 Wi-Fi breaches recorded in UAE since start of year

Abu  Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of the serious risks posed by using open...

Latest News

Airlines suspend or reduce flights in Middle East after Iran strikes

British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....

MENA Brief | June 19: GCC central banks hold interest rates steady, Diriyah House launched in London

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...

MENA Brief – June 16: Netanyahu eyes Gaza breakthrough, Iran rejects talks, Trump at G7, UAE oil giant bids big

Israeli Prime Minister Benjamin Netanyahu says there’s a fresh opening to free hostages held in Gaza, backing a US-mediated proposal...

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MENA Brief: Key Geopolitical, Defence, and Innovation Updates – June 11, 2025

Regional tensions, high-stakes defence deals, and new innovation-led collaborations defined the Middle East and North Africa landscape on Wednesday. Here’s...
  • Turkey announced a landmark agreement to supply 48 domestically produced KAAN fifth-generation fighter jets to Indonesia
  • Kuwait announced that expatriates working in the private sector will now require employer consent to leave the country

MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up

China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral...
  • Mashreq Bank’s debut $500 million sukuk listed on Nasdaq Dubai under its $2.5 billion program offers a 5.03 % profit yield.
  • Nigeria’s planned $5 billion oil‑backed loan with Saudi Aramco is stalled amid falling Brent crude prices and production constraints.

From Iran Talks to Dubai Metro: Key Middle East Developments You Need to Know on June 10, 2025

Key developments across the Middle East today highlight regional diplomatic, economic and humanitarian trends
  • Sheikh Mohammed launches 30km expansion featuring world's highest metro station (74m) to serve growing population
  • After 12-year exclusion, Damascus prepares to reconnect to global banking network to formalize trade