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Industry News

Explore the industries creating new opportunities for cooperation across both markets.

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Industry News
Source: Utilities Middle East

UAE Explores Nuclear Expansion Tender and Small Modular Reactors for Industrial Power

The UAE is evaluating a commercial tender that could double its nuclear reactor fleet while exploring small modular reactors for data centres, ports, and hydrogen production, according to an analysis by law firm Stephenson Harwood reported by Utilities Middle East. The expansion builds upon the fully operational 5.6 GW Barakah Nuclear Energy Plant to support projected power market growth from 54.15 GW to 68.08 GW. Advanced reactor initiatives include partnerships on GE Vernova Hitachi's BWRX-300 SMR and NANO Nuclear Energy's KRONOS micro-modular reactor.

Industry News
Source: bloomberg.com

China Expands Property Support as Developer Losses and Mortgage Risks Persist

China's property market slump has dragged on for five years, with falling values and mounting debt straining developers and households. Government-backed developer China Vanke reported a record 89 billion yuan loss, while China Evergrande was delisted from the Hong Kong stock exchange. In response, Chinese authorities have introduced mortgage interest subsidies and relaxed municipal purchase rules as falling values push millions of mortgages underwater.

Middle East Travel Alerts
Source: thetraveler.org

Flydubai Dispatches Replacement Aircraft to Tabuk Following In-Flight Emergency Diversion

On September 30, 2026, Flydubai flight FZ1073 from Dubai to Tel Aviv made an emergency landing at Prince Sultan bin Abdulaziz Airport in Tabuk, Saudi Arabia, following an in-flight cockpit struggle. Flydubai dispatched a replacement aircraft to evacuate the stranded passengers, though some travelers initially hesitated to reboard the carrier. Tabuk airport authorities later confirmed that all passengers departed Saudi Arabia for their final destination.

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