NEAR-RECORD PASSENGER LOADS

Etihad enters its biggest summer yet with 10% more capacity, 300 daily flights

Tue, 16 Jun 2026

Etihad Airways is entering its largest summer season ever, operating more than 300 daily flights, carrying near-record passenger loads and launching or returning nine destinations within days as demand for travel to, from and through Abu Dhabi continues to accelerate, the Abu Dhabi-based airline said.

Read more
STRAIN OF HORMUZ OPEN, SAYS TRUMP

US, Iran sign framework deal; plan for $300bn fund for Iran reconstruction

Tue, 16 Jun 2026

The United States and Iran have signed a preliminary agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, sanctions relief for Tehran and a new round of negotiations on Iran's nuclear programme.

Read more
$15bn CONTRACTS LIKELY SOON

Al Maktoum International Airport first phase work on track for 2032 opening

Mon, 15 Jun 2026

Dubai has confirmed that the first phase of Al Maktoum International Airport remains on track for a 2032 opening, with major construction milestones achieved and AED13 billion ($3.5 billion) in contracts underway as preparations advance for future awards worth AED55 billion ($15 billion).

Read more
AFFORDABILITY PRESSURES

Saudi Arabia residential market records sharp slowdown: report

Mon, 15 Jun 2026

Saudi Arabia's residential market recorded a sharp slowdown in activity during Q1 2026, with transaction volumes falling by 50% year-on-year, according to an analysis by global property consultancy, Knight Frank.

Read more
ANALYSIS

World's first trillionaire 'shows next wave of wealth creation'

Fri, 12 Jun 2026

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.

Read more

Top This Week

Iran peace deal looms while new military action flares near Hormuz

Sat, 13 Jun 2026

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.

Elon Musk becomes first trillionaire as SpaceX shares begin trading

Fri, 12 Jun 2026

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.

IHC starts $490m initial purchase under approved share buyback programme

Fri, 12 Jun 2026

IHC, a global investment company focused on building dynamic value networks, has launched its second share buyback programme, with an initial tranche of AED1.8 billion ($490 million) allocated for the repurchase of its shares.

Etihad, DCT Abu Dhabi launch free medical travel insurance for visitors to Abu Dhabi

Fri, 12 Jun 2026

Etihad Airways and Department of Culture and Tourism (DCT) Abu Dhabi have launched a complimentary medical travel insurance scheme for international visitors flying to Abu Dhabi on Etihad flights.

World Bank sees weakest global growth since COVID as Mideast conflict hurts

Fri, 12 Jun 2026

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.

Abu Dhabi Chamber, Invest Shanghai to strengthen economic, trade cooperation

Fri, 12 Jun 2026

The Abu Dhabi Chamber of Commerce and Industry and the Shanghai Foreign Investment Development Board (Invest Shanghai) have signed a strategic memorandum of understanding (MoU) during the chamber's participation in the Abu Dhabi Investment Forum (ADIF) in Shanghai.

Emirates plans travel insurance cover to guarantee passengers can get home

Fri, 12 Jun 2026

Emirates is developing a new travel insurance product that would guarantee passengers can return home even if flights are disrupted by conflict-related events, including by arranging seats on rival airlines when necessary, the airline's President has said.

Trump cancels planned Iran strikes, says peace deal near

Fri, 12 Jun 2026

US President Donald Trump on Thursday said he had cancelled planned military strikes against Iran after negotiations reached what he described as the highest levels of Iran's leadership, raising hopes of a breakthrough agreement that could end days of fighting and reopen the Strait of Hormuz.

Saudi Arabia launches tender for landmark Makkah development project

Thu, 11 Jun 2026

Saudi Holy Capital Municipality and National Center for Privatisation & PPP have launched the tender process for a key project on Prince Sultan bin Abdulaziz Road in Makkah. The scope of work includes development of 166,488-sq-m land on Al Hada Road under a build-own-operate-transfer (BOOT) model.

Riyadh's KAFD DMC secures $3.2bn finance facility

Mon, 15 Jun 2026

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.

Oil prices extend decline over US-Iran deal

Tue, 16 Jun 2026

Oil prices extended their decline on Tuesday, although they initially staged a modest recovery after plunging nearly 5% in the previous session following reports of a breakthrough agreement between the United States and Iran.

Etihad enters its biggest summer yet with 10% more capacity, 300 daily flights

Tue, 16 Jun 2026

Etihad Airways is entering its largest summer season ever, operating more than 300 daily flights, carrying near-record passenger loads and launching or returning nine destinations within days as demand for travel to, from and through Abu Dhabi continues to accelerate, the Abu Dhabi-based airline said.

Madayn offers key incentives to investors in Al Suwaiq Industrial City

Mon, 15 Jun 2026

Oman's Public Establishment for Industrial Estates (Madayn) is offering investors in Al Suwaiq Industrial City up to five years of rental incentives, including a two-year exemption from land rent followed by a 50 per cent discount for the next three years, as it seeks to attract businesses to one of the Sultanate's newest industrial hubs.

World's first trillionaire 'shows next wave of wealth creation'

Fri, 12 Jun 2026

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.

Destination Wedding Planners Congress to be held in India in October

Thu, 11 Jun 2026

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.

AI can help in climate prediction, but adoption challenges remain: report

Mon, 15 Jun 2026

Artificial intelligence could significantly improve the world's ability to predict and respond to climate-related disasters by enabling faster forecasting and more effective early warning systems, according to a new report. However, AI's potential will only be realised if the technology is trusted and adapted to local conditions, it said.

Shalfa secures contract to provide FM services at Qassim school buildings

Sun, 14 Jun 2026

Saudi-based Shalfa Facilities Management has announced that it has secured a key contract from Tatweer Buildings Company to provide FM services at its school buildings in the kingdom's Qassim Region. The scope of work includes cleaning, maintenance and gatekeeper services.

Tennis icon Ons Jabeur to launch signature watch collection with Nuncier

Mon, 15 Jun 2026

Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces.

Riyadh's KAFD DMC secures $3.2bn finance facility

Mon, 15 Jun 2026

King Abdullah Financial District Development and Management Company (KAFD DMC), the developer and operator of Riyadh’s premier business and lifestyle destination, has secured a SAR12 billion ($3.2 billion), 15-year, senior-secured Murabaha facility, its first independently secured debt facility.

UAE to set up new data, artificial intelligence authority

Sun, 14 Jun 2026

The UAE has announced plans to set up a national body responsible for data, artificial intelligence and digital government in the country. The move is aimed at improving the quality of life, thereby strengthening the nation's competitiveness and global leadership in the digital economy.

Blacklane joins Skywards Everyday as first chauffeur service partner

Wed, 10 Jun 2026

Blacklane, a global chauffeur service, has joined Emirates Skywards through Skywards Everyday in the UAE, becoming the programme’s first chauffeur service partner.

Tennis icon Ons Jabeur to launch signature watch collection with Nuncier

Mon, 15 Jun 2026

Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces.

US, Iran sign framework deal; plan for $300bn fund for Iran reconstruction

Tue, 16 Jun 2026

The United States and Iran have signed a preliminary agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, sanctions relief for Tehran and a new round of negotiations on Iran's nuclear programme.

Gulf Construction

Calendar of Events

Weather

Weather Data Source: wetterlang.de