The wire

Saudi Aramco’s second-quarter profit rose as higher oil prices boosted earnings, allowing the world’s biggest oil producer to maintain its quarterly dividend. Net profit jumped 42 percent year on year to SAR122 billion ($32.5 billion). Revenue rose 19 percent to SAR451 billion, […]

enRehabilitation of restroom facilities for an air defense site in Jizan

Jizan Office of the Air Defense—Engineering and Construction Administration: procurement of building materials, electrical and sanitary tools; Tender type: direct purchase; Reference number: 260739011048; Last date for submissions: 2026-08-14

The airport is set to anchor the UAE-backed coastal megaproject. Construction is advancing alongside broader plans to position Ras El Hekma as a Mediterranean tourism and investment hub. Why You Should Care Ras El Hekma International Airport is a...

Abu Dhabi petrochemical company Borouge reported increased revenue in the second quarter. The top line increased 8 percent year on year to $1.4 billion in the quarter ending in June, as the company used alternative logistics routes to cut its dependence on the Strait of Hormuz. The company said the rise was driven by higher average [...]

Saudi Arabia condemns a drone attack that caused a fire on two ships at Damietta Port in Egypt, expressing solidarity with Egypt and support for its measures to safeguard sovereignty and security. The Kingdom also condemns Iran's aggression against Kuwait and Jordan, including an attack on a company facility in northern Kuwait that killed one worker, reaffirming solidarity with Kuwait and Jordan and backing measures in response to Iranian attacks that violate international law and the principles of good faith and international norms.

Oman's property market recorded OR1.434bn ($3.73bn) in real estate transactions in H1 2026 as foreign investment and demand remained resilient.

The comments come as Fenway Sports Group (FSG) is reportedly in talks to sell a 30% minority stake to a consortium led by businessman Amit Bhatia

Ignite Power President Roel Castro quantifies SOCOTECO II’s capital requirement at about $161.7 million over five years

The funding package supports industrial, professional services, and hospitality ventures. This will bring the foundation’s total approved financing in 2026 to more than USD 871 thousand (AED 3.2M).

Aster Clinics UAE will invest AED100m ($27.2m) to expand beyond 100 clinics by 2030 after patient demand rose 15 per cent across its network.

Lebanon demands Israel’s withdrawal from two 'pilot zones' in the south as a condition for participating in the next round of direct negotiations in Rome next week, a diplomatic source familiar with the talks told AFP. The two sides had previously met for five rounds of US-sponsored talks in Washington aimed at ending the war between Israel and Iran-backed Lebanese militant group Hezbollah and paving the way for peace.

Oman’s state-owned energy group OQ’s exploration and production unit was the sultanate’s most profitable listed company in the first half of 2026, as higher oil prices helped lift earnings across the stock market. Listed companies on the Muscat Stock Exchange (MSX) reported total net profits of OMR867 million ($2.25 billion) in the first six months […]

enMaintenance of Al-Hair Station and its associated systems

The entity: Saudi Authority for Water — Purchasing Administration - Services and Projects Purchases Department · Activity: operation, maintenance, and cleaning of facilities - operation and maintenance · Tender type: open competition · Reference number: 260839000193 · Last date for proposals: 2026-09-04

enSupply and installation of backup electrical generators for sites of the Communications System Administration in Makkah Region

Source: Etimad. The General Security (General Projects and Maintenance Administration) – General Projects and Maintenance Administration in General Security · Activity: General contracting for buildings (construction, repair, demolition, renovation) · Type of competition: Public tender · Reference number: 260739010050 · Last date for submitting bids: 2026-08-20

UAE non-oil foreign trade reached $527.4 billion (AED1.937 trillion) in H1 2026, up 13.1% year on year

Egypt is tapping into one of its strongest sources of foreign currency by introducing its first investment fund tailored specifically for Egyptians living abroad. The Luxembourg-domiciled fund aims to channel diaspora savings into Egyptian sovereign debt through a dollar-denominated investment...

Oman’s three- to five-star hotels recorded a double-digit revenue drop in the first half of 2026, driven by fewer visitors from Arab countries and Europe. Revenue fell 12 percent year on year to OMR124 million ($323 million) as guest numbers declined 13 percent to 992,000 by the end of June, the state-run …

Turkey‘s tourism industry lost momentum in the second quarter as the Gulf conflict disrupted travel patterns, while high domestic inflation made the country more expensive for overseas visitors. Tourist traffic fell 5 percent year on year in the April-June period, with visitor numbers slipping to 15.5 million, a total that included 2.5 million Turkish overseas […]

Qatar's non-hydrocarbon economy now accounts for 65.5 per cent of GDP as the country targets $100bn in foreign investment by 2030, OBG says

enRegarding securing and furnishing requirements for the information room and the command and control center (Integrated Systems) under Operations Management in the Eastern Province

Entity: General Directorate of Border Guard – Border Guard Command, Eastern Province; Activity: sale of new spare parts; Tender type: direct purchase; Reference number: 260739010915; Last submission date: 2026-08-16