The UAE has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf state. This sudden move coincides with the final stages of broader negotiations between Tehran and Washington on ending the war, reported Reuters.
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The US and Iran have signaled that an agreement to end their war was close, with a senior US administration official saying both sides had agreed on a text and that Washington expects to sign an initial deal soon, said media reports. Hours after the White House statement on the deal, the US military had it had downed multiple Iranian drones near the Strait of Hormuz.
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SpaceX went public Friday, with shares trading at just above $150 in a hotly anticipated initial public offering that values Elon Musk’s rocket and AI company at $2 trillion. With this, Musk has now made history as the world’s first trillionaire.
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Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.
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The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs , according to the World Bank Group’s latest Global Economic Prospects report.
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Malaysian low-cost airline AirAsia X said has postponed the launch of its planned service via Bahrain until at least August due to the conflict in the Middle East, Reuters report said.
Saipem has announced that its joint venture with Nasser Saeed Al Hajri has secured a key engineering, procurement and construction services contract worth €900 million ($1.03 billion) for the Uthmaniyah Gas Compression Plant in the Kingdom of Saudi Arabia. The entire work will be completed within 42 months.
Dubai has established a new authority to develop the emirate as the world’s leading hub for regulated longevity, wellness and advanced healthcare offerings, and forge paths for investment flows in the sector.
Emaar Properties is set to unveil its most ambitious masterplan in the heart of Dubai - a AED200 billion development that aims to redefine urban living. The masterplan will deliver a GFA exceeding 4.5 million sq m, encompassing a mix of residential towers, villas and mansions, Grade-A offices, retail hubs, hospitality and cultural amenities.
2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, today completed the sale of its full 7.29 percent stake in Abu Dhabi National Energy Company PJSC (TAQA) to Abu Dhabi Power Corporation (Abu Dhabi Power), an indirect and wholly owned subsidiary of L'IMAD Holding Company.
Khalifa Economic Zones Abu Dhabi - KEZAD Group, one of the largest operators of integrated and purpose-built economic zones in the region, has announced the development of the KEZAD SME Hub, a purpose-built business platform for small and medium enterprises (SMEs).
Abu Dhabi-based advanced technology and defence group, EDGE, today launched EDGE Europe, a fully European commercial enterprise, headquartered in Paris.
Qatar Airways has announced the resumption of daily flights between its Doha home base and Philadelphia (PHL), effective August 1, 2026.
Riyadh Air, Saudi Arabia's new national carrier and a subsidiary of the Public Investment Fund (PIF), launched its inaugural flight, RX401, from King Khalid International Airport in Riyadh to London Heathrow Airport on Wednesday.
Qatar has issued a decision updating planning and architectural requirements for residential villas and palaces, introducing over 20 amendments aimed at providing homeowners with greater flexibility in residential development. It is aimed at improving the use of residential plots and accommodating the needs of its citizens.
Global oil prices declined during Friday's trading session, reaching their lowest levels since early March. Kuwait's crude oil too fell by 6.1% to $94.84 per barrel on Friday, down from $101.04 per barrel the previous day, according to data from Kuwait Petroleum Corporation (KPC).
UAE's national airline Etihad Airways has announced that it has joined hands with leading German leisure carrier Condor for the launch of a new Condor service to Bangkok from its hub in Abu Dhabi. The Emirati carrier also signed a frequent flyer agreement with Condor.
Ras Al Khaimah has wrapped up a four-day investment roadshow in China, pitching the northern emirate as a gateway to the Middle East, Africa and Europe (EMEA) region and seeking to attract Chinese companies across key sectors including manufacturing, logistics and technology.
Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.
QnA International, the organiser behind the world's most prestigious B2B platform for destination weddings, has announced the 17th edition of the Destination Wedding Planners (DWP) Congress — marking a landmark moment as the Congress sets foot on Indian soil for the very first time.
The Ministry of Health in the Democratic Republic of Congo announced on Saturday that the number of confirmed Ebola cases in the country had risen to 710, while 139 deaths have been recorded.
The Central Bank of Bahrain (CBB) has announced the opening of applications for the second cohort of its Graduate Development Program “GP15”, following the success of the inaugural edition, which attracted over 500 applications.
From the UAE's most-ordered snacks to the hottest viral launches, talabat has unveiled the winners of the inaugural talabat Basket Awards - a celebration recognising the brands, suppliers and retailers shaping the country's grocery and retail landscape.
The Asian Development Bank (ADB) is acting quickly and decisively with $4 billion in financing to help countries withstand the impact of the Middle East conflict, including about $3 billion requested by governments and $1 billion provided as trade finance for energy and food imports.
Ajman Transport Authority has signed a memorandum of understanding (MoU) with e&, on the sidelines of the 3rd Annual Government Cybersecurity Summit 2026, to strengthen collaboration in digital innovation and artificial intelligence, supporting the continued development of the transport ecosystem and corporate services.
Blacklane, a global chauffeur service, has joined Emirates Skywards through Skywards Everyday in the UAE, becoming the programme’s first chauffeur service partner.
The 2026 FIFA World Cup kicks off on Thursday in Mexico City, marking the start of the largest edition of the tournament since its inception in 1930. Jointly hosted by the US, Canada and Mexico, the mega sports gala will feature a record 48 national teams, making it the first World Cup to be staged across three countries.
The UAE has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf state. This sudden move coincides with the final stages of broader negotiations between Tehran and Washington on ending the war, reported Reuters.
