Tag: GCC economy

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Kuwait Budget Deficit Set to Widen 54.7% as Oil Income Falls

Economy Ahmed Al Farsi Ahmed Al Farsi -
Kuwait projects its 2026-2027 fiscal deficit to jump 54.7% to KD9.8bn as oil revenue drops, even as non-oil income and new taxes gain ground.

Dubai H1 2026 Property Sales Hit AED286bn, Second-Highest Ever

Economy Ahmed Al Farsi Ahmed Al Farsi -
Dubai recorded AED286.43 billion in real estate sales across 86,005 deals in H1 2026, the second-highest half-year on record, per DLD data.

Oman, Jordan Launch $100m Joint Investment Company

Economy Ahmed Al Farsi Ahmed Al Farsi -
Oman Investment Authority and Jordan's SSIF have launched a $100 million joint investment company targeting energy, tech, tourism and food security.

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EMSTEEL: Abu Dhabi’s Heavy Industry Bet

Companies 0
Emirates Steel Arkan has been EMSTEEL since 2024 — and its steel capacity has not grown since 2012. What the company’s own filings actually show.

Abu Dhabi’s Water: Desalination, EWEC and the Grid

Business 0
How Abu Dhabi is decoupling water from power — and why EWEC’s own site still advertises a desalination plant that stopped making water in 2025.

Dubai Freelance Permits: The Routes That Actually Exist

Guides 0
One widely listed Dubai freelance route does not exist, none of them include a visa, and only the federal permit qualifies you for the Green Residence.

ADNEC Group: The Business Behind Abu Dhabi’s Events

Companies 0
ADNEC is a Modon company now, Capital Gate is not one of its venues, and it calls itself a seven-cluster conglomerate rather than an exhibitions business.

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