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Press Dossier   By Date  05/03/2026
Acwa's 2025 revenue soars to $1.97bn; net profit up 60pc
Saudi Arabia: Saudi-listed Acwa, the world’s largest private water desalination company, a leader in the energy transition and a first mover into green hydrogen at scale, today (March 4) reported solid results for FY 2025 with its revenue soaring to SAR7.41 billion ($1.97 billion)
Dubai project forum sets agenda for digital, sustainable infrastructure
United Arab Emirates: More than 3,500 officials, executives and project management professionals took part in the 11th Dubai International Project Management Forum, where they issued 31 recommendations aimed at strengthening sustainable urban development
Diriyah awards $666m Pendry Superblock Package deal
Saudi Arabia: Diriyah Company has awarded a major contract worth SAR2.5 billion ($666 million) for the implementation of the Pendry Superblock Package Northwest within Diriyah Gate II as part of the giga development - Diriyah Project.
Etihad Rail transports 350 passengers in exceptional operation
United Arab Emirates: Etihad Rail has safe and efficient transported more than 350 passengers between Al Ghuwaifat Station in the Al Dhafra region in Abu Dhabi and Al Faya Station in Abu Dhabi as part its 'exceptional' services.
US guarantees for Gulf maritime trade ‘doable’ but could take weeks, experts warn
Saudi Arabia: A pledge by US President Donald Trump to provide insurance and naval escorts for maritime trade in the Gulf has been welcomed, but with concerns over how long it would take to come into force.
QatarEnergy announces force majeure following Iran attacks: statement
Qatar: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.
GCC banks resilient to Iran conflict risks amid strong buffers
Saudi Arabia: Gulf Cooperation Council banks face limited short-term credit risks from the regional conflict following US and Israeli strikes on Iran, supported by strong financial buffers and sovereign backing.
Acwa reports 13% rise in gross profit amid strong project growth
Saudi Arabia: Saudi utility giant Acwa reported gross profit of SR3.76 billion ($1 billion) in 2025, up 13.03 percent from a year earlier, while net profit attributable to shareholders rose 5.42 percent to SR1.85 billion.
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