SABIC is expected to post a SAR308 million net loss in the second quarter of 2026, according to Riyad Capital, as lower petrochemical exports and shipping disruptions through the Strait of Hormuz weigh on performance. Revenue is also forecast to decline 41% year-on-year to SAR21 billion.
PROPERTY
Dubai Land Department has won the 2025 Hamdan Flag for its Tamallak+ initiative, recognizing its leadership in digital transformation and customer-centric government services. The AI-powered platform has streamlined property transactions, cutting service completion time by 88% while further strengthening Dubai’s position as a global real estate investment destination.
money
ADX will remove daily trading limits on ETFs and futures from 3 August 2026, aiming to boost liquidity, improve price discovery, and give investors greater trading flexibility. The move supports the exchange’s strategy to build a more efficient and modern market.
Bahrain’s Electricity and Water Authority (EWA) has named ACWA Power as the sole bidder for the Hidd Independent Water Project. The new seawater desalination plant will have a capacity of 11,364 cubic meters per hour, strengthening the kingdom’s potable water supply and supporting growing residential, commercial, and industrial demand through advanced water treatment technology.
lifestyle
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