The Middle East’s steel market is forecast to grow from $44bln in 2026 to $60bln by 2031, supported by nearly $2trln in infrastructure and industrial projects. Industry leaders will gather at Fastmarkets’ Middle East Iron & Steel 2026 in Dubai from November 16–18 to discuss regional demand, trade flows, investment opportunities and the transition to lower-carbon steel production.
PROPERTY
Nakheel has awarded a contract worth over AED 950 million for 617 homes at Bay Grove Residences on Dubai Islands, bringing total construction awards for the development to more than AED 1.75 billion across 1,154 planned homes.
money
Egypt is moving closer to launching short selling as the Financial Regulatory Authority introduces a model agreement governing securities borrowing, collateral requirements and risk management. The centralized lending system operated by MCDR is undergoing live testing ahead of its anticipated launch, with the framework designed to protect market participants and standardize transactions.
Saudi Awwal Bank (SAB) reported a 3% year-on-year increase in net profit to SAR 6.58 billion for the first nine months of 2026, while net loans and advances grew 11% to SAR 325 billion. The bank also recorded improved quarterly operating performance, reflecting continued strategic execution and disciplined risk management.
lifestyle
Kanebridge News - Investing In Your Best Life
