RIYADH: Saudi Arabia and the United States discussed ways to turn investment opportunities into operating projects, with a focus on joint ventures, local manufacturing and stronger supply chains. Saudi Investment Minister Fahad Al-Saif participated virtually in an October 26 meeting of the US-Saudi Business Council, reviewing American investment in the Kingdom and opportunities across its

ABU DHABI: The number of companies licensed by the UAE Capital Markets Authority increased 43 percent year on year during the first nine months of 2026, as the country’s regulated financial services sector expanded alongside continued fundraising activity. The authority’s October 26 announcement also showed a 64 percent increase in accredited professionals. The figures highlighted

DUBAI: Ares Management has secured broader regulatory permissions to expand its activities in Dubai, strengthening its presence in the Gulf’s financial services market. According to an October 26 report by Financial News, Ares (DIFC) Limited received authorisation from the Dubai Financial Services Authority in September. The licence permits the company to arrange credit, advise on

RIYADH, October 26, 2026: Saudi Arabia’s stock market recorded its worst trading session in 18 months on Sunday as escalating fighting between the kingdom and Yemen’s Iran-aligned Houthis weighed on investor confidence. The decline highlighted growing concern about the potential consequences of prolonged instability for regional businesses and financial markets. The kingdom’s benchmark Tadawul All

Saudi Arabia is advancing the use of artificial intelligence agents in logistics and tourism, with projects aimed at accelerating cargo quotations and connecting travel services across destinations. At Saudia Cargo, AI workers are being integrated into commercial operations to process customer enquiries and prepare freight quotations. In tourism, an initiative involving Globant, TOURISE, Red Sea

RIYADH: Arab countries have condemned attacks attributed to Yemen’s Houthi movement on King Fahd International Airport in Dammam and the Shaybah oilfield, expressing solidarity with Saudi Arabia and warning of risks to civilians and regional security. According to Arab News, the attacks on Wednesday, October 21, killed four people and injured 10. The victims included

RIYADH, October 22, 2026: King Khalid International Airport in Saudi Arabia’s capital has resumed limited domestic flights following a closure triggered by attacks earlier this month. However, international flight suspensions and continuing security concerns are restricting the recovery of air travel. The Associated Press reported that the airport was operating domestic services on Wednesday, October

Middle Eastern oil exports have recovered above their pre-war average, supported by alternative shipping routes and adjustments by Gulf producers. However, continued threats to vessels and energy infrastructure are keeping transport costs high and limiting relief for international oil markets. Regional exports excluding Iran averaged 24.6 million barrels per day in the week ending October