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News

Stay informed with MENews247‘s News coverage. Your primary source for breaking news, comprehensive analyses, and in-depth reporting from across the Middle East.

From political developments in Riyadh to economic updates in Dubai, cultural events in Beirut, and beyond, get your 24/7 update on the most important stories shaping the region. MENews247.com is your trusted guide to understanding the complexities and dynamism of the Middle East.

Economy

XRG Chemicals Portfolio Posts Resilient Q2 Earnings, Strengthens Value Creation for UAE

Photo Credit : WAM XRG, ADNOC’s international investment arm, reported resilient second-quarter performance across its chemicals portfolio, highlighting the benefits of diversification, operational strength and disciplined execution. Through Borouge International, Covestro and Fertiglobe, XRG has developed a portfolio of leading chemicals and advanced materials businesses
News Saudi Arabia

Saudi Arabia’s Al-Harfi Co. signs 760MW solar deal with Syria

Photo Credit: SPA Dubai, UAE — August 2026 — Three Power Purchase Agreements were signed Wednesday in Damascus between Saudi Arabia’s Mohammed Ahmed Al-Harfi Company and the Syrian Electricity Company, advancing 760 MW of solar capacity under Saudi Ministry of Energy supervision. According to the Saudi Press Agency, the agreements cover Al-Harfi Company’s development of
Economy UAE

Mubadala Leads $250 Million Series C Funding Round for Moove

Photo Credit : WAM Mubadala Investment Company has led a $250 million Series C funding round for global mobility company Moove, valuing the business at $2.1 billion as it prepares to expand its autonomous vehicle operations worldwide. The investment round was co-led by Woven Capital, Toyota’s growth fund, and Ion Pacific. New investors BlueCrest Capital […]
Jordan News

Jordan, US sign first strategic goals agreement worth $354.6 million

Photo Credit: WAM Dubai, UAE — August 2026 — Jordan’s Ministry of Planning and International Cooperation has signed a four-year Strategic Goals Agreement governing bilateral cooperation with the United States, marking the first such agreement with the current US administration. The agreement, valued at $354.6 million, aligns with Washington’s new direction on foreign