Mideast merger and acquisition activity hits $36B in 2024 led by UAE, Saudi Arabia

For the first 10 months of the year, merger and acquisition deals in the region reached $36 billion, up by 88% from a year earlier, a Bain & Company report said.

Saudi Arabia

UAE Middle East's most economically competitive country in 2024: IMD

In the IMD World Competitiveness Yearbook 2024, the UAE climbed three places to seventh in the world, out of 67 countries. Saudi Arabia ranked at 16th, Bahrain at 21st, Kuwait at 37th, Jordan at 48th and Turkey at 53rd.

United Arab Emirates

UAE's AMEA Power commissions Egypt's largest solar plant

Egypt's Aswan governorate is set to host the country’s largest solar project in a deal with the Emirati energy firm.

Egypt

Gulf states reach out to new Syrian leaders ahead of Jordan talks: What we know

Bahrain's King Hamad sent a letter to HTS leader Ahmed al-Sharaa, while the UAE has held direct contact with opposition groups. Qatar is set to reopen embassy in Damascus soon.

Syria

UAE to host world's largest production plant for certain bioplastics

The world's largest bioplastic plant will soon become an industry player in Abu Dhabi's free trade zones.

United Arab Emirates

Analysis

Syrian rebel offensive worries Gulf states as they rally around Assad

Most Arab Gulf states have quickly expressed solidarity with Damascus, but the ongoing rebel offensive has caught many by surprise and adds a layer of uncertainty over Arab normalization with Syrian President Bashar al-Assad.

By Giorgio Cafiero

Dubai property market prices to rise further next year, Knight Frank says

Dubai’s real estate market, which has been booming for the last five years, is predicted to soar even higher.

United Arab Emirates

Heineken to draft in Gulf’s first large-scale brewery in Dubai

The Dubai-based brewery will begin construction in late 2025 and has secured all necessary permits, Heineken said in a statement.

United Arab Emirates

ADNOC launches $80B low carbon energy company XRG: What we know

XRG, which will operate separately to ADNOC, is expected to double its asset value over the next decade.

United Arab Emirates

Emirates Airline 'frustrated' at aircraft shortage due to manufacturer delays

Executives at the Middle East’s largest airline have frequently expressed their dismay over delays and uncertainty around the delivery of the Boeing 777-9X jets.

United Arab Emirates

UAE’s Jewish community in shock as arrests made in Israeli rabbi’s killing

The Israeli-Jewish community in the United Arab Emirates is horrified after the killing of prominent Israeli-Moldovan Rabbi Zvi Kogan.

Israel

Congress bill seeks to block US arms sales to UAE over Sudan war

The resolution and legislation introduced by Sen. Chris Van Hollen and Rep. Sara Jacobs comes amid international frustration with the escalating Sudanese civil war, as well as the UAE's denial of involvement in the conflict.

United Arab Emirates