15+ hour, 30+ min ago   (636+ words) The latest escalation in the US-Iran war has subjected Jordan to repeated Iranian missile attacks, testing its hard-won economic stability and attractiveness as a destination for Gulf funds. But analysts and investors said that decades of geopolitical instability at its…...

4+ day, 2+ hour ago   (188+ words) Elon Musk’s Boring Company has raised $3 billion in a funding round led by the UAE and affiliated investment entities. The money will accelerate development of large-scale underground infrastructure across the UAE, including more than 150km of tunnels, building on the previously…...

1+ week, 46+ min ago   (297+ words) Saudi Arabia’s Public Investment Fund (PIF) has launched a real estate company to develop a tourist and residential destination in the country’s Eastern Province. The Gulf Coast Development Company and the private sector will collaborate on the project on the…...

1+ week, 1+ hour ago   (638+ words) John Crowley and Parag Deulgaonkar Saudi Arabia’s Humain is taking further steps towards a potential listing by recruiting a “preparation team”, as some of the Gulf’s biggest state-backed AI companies look to capital markets to fund their ambitions. Its CEO…...

1+ week, 3+ hour ago   (198+ words) Kuwait’s cabinet has allowed the government to borrow from the country’s Future Generations Fund (FGF) for the first time since the facility’s inception in 1976, with a view to supporting the state budget. A decree issued last week amends the law…...

1+ week, 4+ day ago   (506+ words) The number of construction contracts awarded in Saudi Arabia has surged this year, even as the Public Investment Fund has taken a less active role as a client. Contractor awards jumped 82 percent year on year in the first six months…...

1+ week, 5+ day ago   (246+ words) Nigeria is in talks with the UAE to increase its electricity generation capacity by 5 gigawatts. Solar energy is among the main areas of cooperation between the two nations, the UAE state-run Wam news agency reported, quoting Nigeria’s power minister Joseph…...

1+ week, 5+ day ago   (211+ words) Saudi Arabia said it has raised $3.25 billion from a two-tranche sukuk (Islamic bond), which was oversubscribed five times despite the US-Israeli war with Iran having a negative effect on global investor sentiments. The order book reached $16.5 billion as demand remained…...

2+ week, 5+ day ago   (313+ words) Italian energy company Eni is working with its British and Egyptian partners to bring Egypt’s newest gas discovery online in under two years, as the North African nation relies on imports to meet domestic demand. The companies – including the UK’s…...

3+ week, 2+ hour ago   (310+ words) Bank lending in Oman grew at a double-digit annual pace in the first half of the year despite the US-Israeli war with Iran, and analysts expect demand to remain strong through the rest of 2026. Both Islamic and conventional banks posted…...