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Saudi Arabia
DEWA posts record H1 profit
Revenue reaches record $4.04 billion.
Tabreed H1 revenue $308m
Blurb: Profit reaches $52 million in H1
ADNOC L&S to expand fleet
It will acquire 11 carriers for $1.3bn.
Empower profit climbs 16%
Dubai district cooling demand lifts earnings
Burjeel profit nearly doubles
Healthcare demand drives stronger earnings.
Business
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Saudi POS transactions fall to $3.8 billion in week ended Aug 15
Dubai Chambers, NASSCOM to expand cooperation on Agentic AI
Foreign buyers, expats account for bulk of Abu Dhabi’s $19.2bn H1 home sales
Trump says no Iran talks as Israeli strikes on Syria draw condemnation
UAE defense ministry says ‘missile threat towards country’ detected
Middle East Energy expects 1,528 exhibitors for 50th Dubai edition
Ajman rental contracts reach $792 million in first half
Trump rejects Iran deal extension as regional tensions mount
Masdar, ScottishPower complete foundations at East Anglia THREE
70% Saudization for project management jobs from February 2027
WEF’s inaugural session in Riyadh aligns with Saudi Arabia’s growing influence
Gabriel Chahine, Middle East Lead for AlixPartners, discusses the significance of the World Economic Forum in Riyadh, economic outlook, AI, and strategies for businesses.