Kuwait’s non-oil private sector recorded stronger business activity in October 2026, supported by rising customer demand, increased new orders, and improving export opportunities. The latest Purchasing Managers’ Index (PMI) data from S&P Global indicates that business conditions continued to improve, reflecting a strengthening recovery across the country’s non-oil economy. Kuwait’s headline PMI increased to 52.9

ABU DHABI, UAE, November 3, 2026: The United Arab Emirates has increased its oil exports despite ongoing regional tensions and disruptions to global energy supplies, reinforcing its position as a major energy supplier. UAE Energy and Infrastructure Minister Suhail Mohamed Al Mazrouei announced that the country’s exports had, at certain points, exceeded pre-war levels during

MANAMA, Bahrain, November 3, 2026: Bahrain has awarded Golden Licenses to four major investment projects worth a combined $3.89 billion, strengthening its efforts to attract international investors and accelerate economic diversification. The announcement was made during Gateway Gulf 2026, a two-day investment forum hosted by the Bahrain Economic Development Board (EDB) on November 1–2 in

The transaction includes approximately $2.6 billion in cash contributions and supports HUMAIN’s plans to deploy 3 gigawatts of AI data center capacity by 2030. DHAHRAN, November 2, 2026: Saudi Aramco has completed the acquisition of a 49% stake in artificial intelligence company HUMAIN through a wholly owned subsidiary, while Saudi Arabia’s Public Investment Fund (PIF)

DOHA, November 2, 2026: Qatar ports handled more than 59,000 twenty-foot equivalent units (TEUs) in October 2026, marking a 9% increase from September, according to figures released by Mwani Qatar and reported by Qatar News Agency. The port operator shared the monthly performance update on X on November 1. The figures showed increases across several

ABU DHABI: The United Arab Emirates expects its newly signed Comprehensive Economic Partnership Agreement with Canada to contribute approximately US$8.7 billion to its economy by 2033, according to Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi. Speaking to Emirates News Agency on October 28, Al Zeyoudi said the agreement is also projected to

RIYADH: Saudi-listed drilling contractor ADES Holding has signed an offshore drilling contract with Indonesia’s PT Pertamina Hulu Mahakam (PHM), extending its commercial presence in Southeast Asia. The agreement for the Shelf Drilling Perseverance jack-up rig carries a total potential value of approximately SAR173.14 million ($46.17 million). This amount covers both the firm and optional contract

MANAMA: Bahrain’s Electricity and Water Authority (EWA) has received two consultancy bids for electricity transmission infrastructure serving the Khalifa City Housing Project. The assignment covers two planned 66-kilovolt substations intended to supply the residential development. MEED reported the bid-opening development on October 28. The Ministry of Housing and Urban Planning plans approximately 3,000 housing units