Author: Editorial Team

RIYADH — Saudi Public Investment Fund (PIF) Governor Yasir Al-Rumayyan said that the PIF has contributed one-third of non-oil GDP growth, amounting to SR910 billion. “The PIF aims to develop 100,000 hotel rooms and introduce 70 tourism experiences across various regions of Saudi Arabia, with the objective of strengthening the tourism sector and increasing visitor numbers,” he said. Al-Rumayyan made the remarks while addressing a government press conference in Riyadh, following the approval of PIF’s 2026-2030 strategy by its board of directors, chaired by Crown Prince and Prime Minister Mohammed bin Salman. He revealed that the PIF’s companies attracted foreign…

ABU DHABI, 15th April, 2026 (WAM) — Sanad, the global aerospace engineering and asset management leader wholly owned by Abu Dhabi’s sovereign investor Mubadala Investment Company PJSC (Mubadala), reported record financial and operational results for 2025, delivering AED7 billion (US$1.9 billion) in revenue, a 41% increase from 2024. The results mark Sanad’s second consecutive year of record performance and reflects the continued execution of its long-term strategy to build an integrated global aerospace platform from Abu Dhabi, combining aircraft engine maintenance, repair and overhaul (MRO) and asset management capabilities enabled by next-generation aerospace infrastructure, serving the global aviation market. The…

ABU DHABI, 15th April, 2026 (WAM) — Tadweer Group has surpassed 200 consecutive days without a Lost Time Injury across its entire operations, covering more than 13 million manhours worked by approximately 8,500 employees, subsidiaries’ staff, and service providers across Abu Dhabi, Al Dhafra, and Al Ain. The result is underpinned by Tadweer Group’s strategic health, safety, and environment programme, TadweerSafe 3.0. The programme advanced hazard identification and real-time incident reporting across all sites through digital automation, supporting timely and consistent intervention. Hussain Al Hammadi, Chief Executive Officer of Tadweer Environmental Services and Solutions and Executive Director of Crisis Management…

UAE students to return to classrooms on Monday, 20 April, after over a month of distance learning Authorities roll out safety checks and staff training as schools prepare for in-person reopening. Students across the UAE will begin a return to in-person learning starting Monday, 20 April the Education, Human Resources, and Community Development Council announced on Wednesday. The move marks a shift back to classrooms after more than a month of distance learning, introduced amid regional uncertainty linked to the US-Israel-Iran conflict. Private school teaching staff in Sharjah have already begun returning to campuses from today, signalling the start of…

Justin Smith, Managing Director at Ansarada. New research finds EMEA Renewable energy infrastructure investment surges, procurement pressures intensify globally  Investment in renewable energy projects in the Middle East has jumped by 28%, year-on-year, according to a new report from Ansarada, a leading M&A and infrastructure procurement platform.   Global renewable energy investment has reached US$496 billion, driven increasingly by rising AI compute demand, according to the 2026 Renewable Energy Infrastructure Outlook Report by Ansarada in partnership with Infralogic. The Middle East is gaining momentum as a key growth market, attracting US$12.9 billion in investments in 2025, up from US$10.1 billion…

RIYADH — The Saudi Land Bridge project has seen significant progress after the Spanish firm Sener won the design contract. The contract was awarded following a competitive bidding process launched by the Saudi Railway Company (SAR) in 2025, with bids being evaluated until the end of last year, according to MEED magazine. The move represents a major milestone in the Kingdom’s railway program, as this reflects a renewed momentum for the long-awaited project, which aims to connect the Red Sea to the Arabian Gulf, thus bolstering the Kingdom’s logistical ambitions within the framework of Vision 2030. The selection of Sener…

RIYADH — The Saudi Food and Drug Authority (SFDA) has notified the establishments under its supervision that it will begin classifying violations, penalties and values of fine based on the size of the establishment and its commercial activity. In a recent circular, the SFDA announced an update to its schedule of violations, in accordance with its regulations and the corresponding penalties. This update is based on royal order no. 32043, which pertains to classifying violations, penalties, and fines according to the size of the establishment and its economic activity. The SFDA stated that it aims to achieve compliance and enhance…

ABU DHABI, 15th April, 2026 (WAM) — His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, and Dr. Jafar Hassan, Prime Minister of the Hashemite Kingdom of Jordan, today witnessed the signing of an agreement between the UAE and Jordan to develop a railway network in Jordan and establish the UAE–Jordan Railway Company. The agreement covers the construction and operation of a 360-kilometre railway linking the main mining areas of Al-Shidiya and Ghor Al-Safi to the Port of Aqaba. The project aims to transport 16 million tonnes annually of phosphate…

DUBAI, 15th April, 2026 (WAM) — Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), welcomed Almaz Tasbolat, Consul General of Kazakhstan in Dubai and the Northern Emirates. The visit explored ways to strengthen co-operation, particularly in renewable energy and water, and reviewed initiatives and projects of mutual interest, alongside DEWA’s pioneering experience in clean energy, operational efficiency and innovation. The meeting was attended by senior DEWA officials, including Waleed bin Salman, Executive Vice President of Business Development and Excellence; Marwan Bin Haidar, Executive Vice President of Innovation and the Future; and Dr Yousef Al…

The emirate of Ras Al Khaimah has announced free bus services for residents and visitors on World Public Transport Day. In a post on Instagram, the Ras Al Khaimah Transport Authority (Rakta) said all bus rides across the emirate on Friday, April 17, 2026, will be free of charge. It was not immediately clear if other emirates would follow suit to celebrate the annual occasion. In Oman, too, Mwasalat, revealed a similar initiative and declared unlimited free rides for residents and tourists in the capital, Muscat, and in the city of Salalah on April 17. Stay up to date with…