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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

17/03/2026

	Saudi consumer inflation eases to 1.7% in February, lowest level in a year: GASTAT Saudi Arabia: Saudi Arabia’s annual inflation rate slowed to 1.7 percent in February, the lowest level in a year, as stable food prices helped offset continued pressure from housing rents.
	From oil to canvas: Saudi Arabia’s emerging art economy Saudi Arabia: When a painting by Saudi artist Safeya Binzagr sold for $2.1 million at Sotheby’s second auction in Riyadh in January, it marked a milestone for Saudi art on the global stage. The record-breaking sale signaled rising international interest.
	TotalEnergies’ global output down 15% amid Middle East conflict Saudi Arabia: French energy giant TotalEnergies said it has lost 15 percent of its oil and gas global output as the ongoing conflicts between the US-Israel alliance and Iran shut fields across the UAE, Qatar and Iraq.
	Saudi Arabia’s producer prices edge up 0.4%: GASTAT Saudi Arabia: Saudi Arabia’s producer prices rose 0.4 percent in January from a year earlier, supported by higher utility costs, as wholesale inflation remained contained at the start of 2026.
	$55m Nuvé by Zoya in Dubai Land Residence Complex launched United Arab Emirates: Zoya Developments has launched Nuvé by Zoya, a new mid-rise residential development in Dubai Land Residence Complex, valued at AED202 million ($54.99 million).
	Asas Makeen lands contract for Riyadh villa community project Saudi Arabia: Asas Makeen for Real Estate Development and Investment Company has announced that it has secured a SAR63 million ($17 million) contract from Awa'id Al Hada Company for the development of a residential project in Riyadh.
	Retal eyes $151m capital hike for Ajdan stake acquisition Saudi Arabia: Saudi-based Retal Urban Development Company has announced that it had submitted a request to the kingdom’s Capital Market Authority (CMA) to approve a capital increase to facilitate its planned acquisition of a stake in Ajdan Real Estate Development Company from AlFozan Holding.
	Saudi Energy invites bids for Expo 2030 Riyadh substations project Saudi Arabia: Saudi Energy, a leading electricity producer in the kingdom, has invited bids for a key power infrastructure project as part of the upcoming Expo 2030 Riyadh.

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