A notable development has emerged from the Gulf region, one that underscores the area’s growing economic significance. Egypt’s benchmark EGX30 index closed 1.66% lower at 48,416.94 points Monday, reco
Lana Nusseibeh has entered the race to succeed António Guterres as United Nations secretary-general, nominated by the UAE and campaigning on conflict prevention and institutional reform. The bid places a serving Gulf minister at the centre of the multilateral system that shapes development finance, trade rules and the rules governing artificial intelligence. Her vision statement argues for a smaller, faster and more accountable UN, with regional mediators carrying more of the work. The Security Council remains deadlocked, with every declared candidate holding red votes from permanent members.
Abu Dhabi-listed healthcare group PureHealth has bought six clinics from Aspen Clinics, extending its community care network into fast-growing districts of the capital and into Al Ain. The facilities will join the SEHA CLINICS network once the deal completes, though financial terms and a completion date were not disclosed. The acquisition arrived alongside nine-month results showing group revenue up 11.5% to $6.1 billion, with international operations now contributing about a third of the total.
Family business leaders gathered in Abu Dhabi for the second day of the Forbes Middle East Family Business Summit 2026, where the conversation moved well beyond preserving capital. Speakers challenged the long-held belief that family fortunes rarely survive three generations, urged enterprises to shift from distribution into domestic manufacturing, and set out how the next generation can reinvent a business without loosening its values. The message across the sessions was consistent: governance, early succession planning and industrial depth now decide which family enterprises keep growing across the Gulf.
Alpha Dhabi Holding has committed $1 billion to Alpha Wave III, the global investment fund managed by Alpha Wave Global, widening the Abu Dhabi group’s exposure to artificial intelligence companies. The move follows its participation in Alpha Wave Ventures II, which gave it indirect stakes in SpaceX, OpenAI and Anthropic. Hamad Al Ameri, managing director and group chief executive, says the commitment supports the group’s diversification objectives and its focus on long-term value creation across a portfolio spanning 45 countries.
Wynn Al Marjan Island has revealed Wynn Marina, a 98-berth superyacht harbour that will bring vessels of up to 85 metres directly into the integrated resort taking shape on Al Marjan Island in Ras Al Khaimah. Wynn says the basin will hold more yachts and larger vessels than any other hotel-attached marina in the UAE. Fort Lauderdale-based IGY Marinas will run the harbour, and Max Tappeiner, president of Wynn Al Marjan Island, describes the marina as a direct extension of the destination rather than a standalone facility.
Abu Dhabi has launched AiNative, an artificial intelligence training programme developed with OpenAI, Microsoft and the Mohamed bin Zayed University of Artificial Intelligence to train 20,000 government employees by the end of 2026. The Department of Government Enablement said the initiative, unveiled at the Ai Everything Abu Dhabi summit, forms part of the emirate’s drive to become the world’s first AI-native government by 2027, with a free public programme to follow. The move pairs access to advanced tools with structured skills at a scale few governments have attempted.
Saudi Energy affiliate Al Morjan Two Electricity Company has reached financial close on the Rabigh 2 independent power project after arranging $2.58 billion (SAR 9.69 billion) in debt financing, according to a Saudi Exchange filing. The 34-year facility will fund a 2.3 GW combined-cycle gas plant in Makkah province and was provided by a broad group of local, regional and international lenders, with the site designed to accommodate a carbon capture unit.
Apartment asking prices in Abu Dhabi’s affordable and mid-market communities rose by as much as 9.2% during the third quarter of 2026, according to Bayut’s latest market report. Baniyas led the quarterly increases, while estimated villa rental yields reached 11.5% in selected communities, pointing to broad momentum across the UAE capital’s residential market.
A notable development has emerged from the Gulf region, one that underscores the area’s growing economic significance. President Donald Trump, who has long campaigned to win the Nobel Peace Prize, res
