Saudi GDP rises 3% in Q1 2026 as non-oil sector leads economic expansion
Prime Highlights Saudi Arabia’s GDP grew 3 percent year on year in the first quarter of 2026, with non-oil activities contributing the largest share of
South African Investment in Dubai Tops $294 Million in Five Years
Prime Highlights South African investment in Dubai has reached over $294 million in five years, showing strong economic growth. Dubai is expanding its global trade
ADNOC Joins UAE’s New National Industrial Fund as First Partner
Prime Highlights UAE launched the AED1 billion National Industrial Resilience Fund with ADNOC as its first partner. The fund will support local factories, supply chains and industrial
UAE’s Masdar Targets 100 GW as It Celebrates Two Decades
Prime Highlights Masdar completed 20 years and expanded into a global clean energy leader. The company targets 100 GW capacity by 2030 with major investments
Savoye Appoints Hakim Ramadan to Lead Middle East Growth
Prime Highlights Savoye appoints Hakim Ramadan to lead Middle East operations and growth strategy. Rising demand for automation and e-commerce is driving regional logistics expansion. Key Facts
Elsewedy Electric Expands Power Infrastructure in Saudi Arabia
Prime Highlights Elsewedy Electric is building six substations to boost Saudi Arabia’s power network. Projects aim to improve electricity reliability and support growing energy demand. Key
Kuwait Boosts Power Infrastructure with New Heisco Deal
Prime Highlights Heisco wins $186.4 million power infrastructure contract in Kuwait. Project aims to improve electricity supply and strengthen energy network. Key Facts Contract awarded by
MEDGULF Saudi Arabia Promotes Turki AlNefaie to Director of Legal Affairs
Prime Highlights ⦁ Turki AlNefaie has been promoted to Director of Legal Affairs at MEDGULF Saudi Arabia. ⦁ The appointment reflects his more than a decade of
Saudi mining company posts strong 2025 results as profit climbs sharply
Prime Highlights- Saudi Arabian Mining Company (Maaden) reported a 156% rise in net profit for 2025, reaching SR7.35 billion ($1.95 billion), supported by higher commodity prices