Saudi Arabia’s real gross domestic product (GDP) grew by 4.5% in 2025 compared with 2024, driven by growth across all economic activities, with oil activities rising 5.7%. The total GDP at current prices reached SAR4,789 billion ($1275.70 billion) in the year.
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Oil prices declined from an early trade of over $119 a barrel, a peak since 2022, caused by Saudi ​Arabia and other OPEC members cutting supplies due to disruptions from the expanding US-Israeli war with Iran.
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A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed ​as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence.
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Recent geopolitical developments involving Iran have heightened market sensitivity to oil prices, inflation, and interest rate expectations, according to Lale Akoner, Global Market Analyst.
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One week after the United States and Israel launched military strikes on Iran, plunging the Middle East into turmoil, President Donald Trump faces mounting questions over whether early battlefield gains can translate into a durable geopolitical victory, say experts.
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Israeli forces expanded ​their bombardment of Iran overnight, striking fuel depots near Tehran as fighting ‌escalated on day nine of the Middle East conflict, while Iranian officials moved closer to naming a new supreme leader despite Israeli threat to kill any replacement for Ayatollah Ali Khamenei, said a report.
Oman’s oil exports recorded a 3 percent increase by the end of January 2026, reaching 26,600,200 barrels compared to 25,821,300 barrels during the same period in 2025.
Aedas, a leading global architecture and design practice, has secured the design and project architecture contract for a 100-key hotel project - Capella Diriyah by Aedas - coming up over a 14,168 sq m area within the Northern District of the giga Diriyah development in Saudi Arabia.
A water desalination plant and a university building were targeted in a Iranian drone attack this morning, according to the Bahrain's Ministry of Interior. Material damage was inflicted on the university building and three people got injured in the attack.
The Kuwait army has reported fuel tanks belonging to Kuwait International Airport were targeted in a drone attack.
US President Donald Trump has rejected any negotiations with Iran and raised the possibility that the Iran war would only end once Tehran no longer has a functioning military or any ​remaining leadership in power.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan affirmed that all is well in the UAE and that the country will remain strong thanks to the solidarity of its society and the efficiency of its military and civil institutions.
Considering the ongoing aggression by Iran against Kuwait, including threats against the safe passage of ships through the Strait of Hormuz, Kuwait Petroleum Corporation (KPC) has implemented a precautionary reduction in crude oil production and refining throughput.
Operations at Dubai International Airport (DXB) were temporarily suspended after an Iranian drone attack in the vicinity of the airport terminals, according to a statement from the Dubai Media Office.
One person was killed and several others were injured when a residential building in Bahrain's capital Manama was hit by Iranian drones late last night in a flagrant violation of international humanitarian law, which prohibits the use of UAVs to target civilian objects, said the Kingdom's Ministry of Interior.
European natural gas prices surged sharply by around 30 per cent on March 9, amid growing uncertainty in global energy markets and escalating military tensions in the Middle East, raising fears of prolonged supply disruptions.
The International Air Transport Association (IATA) announced that the 2026 edition of IATA Focus Africa Conference will convene under the theme 'Elevating Aviation Safety, Connectivity, and Operational Efficiency in Africa’ in Addis Ababa, Ethiopia on 29-30 April 2026, hosted by Ethiopian Airlines.
Saudi Arabia’s real gross domestic product (GDP) grew by 4.5% in 2025 compared with 2024, driven by growth across all economic activities, with oil activities rising 5.7%. The total GDP at current prices reached SAR4,789 billion ($1275.70 billion) in the year.
Recent geopolitical developments involving Iran have heightened market sensitivity to oil prices, inflation, and interest rate expectations, according to Lale Akoner, Global Market Analyst.
UAE-based Imtiaz Developments said it has achieved a key milestone by becoming the first developer in Dubai to complete and hand over a signature residential project at Dubai Islands. This feat was made possible with the successful delivery of Beach Walk by Imtiaz.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
Dubai-based Union Properties has sealed a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Industrial Liaison Programme in a move aimed at developing future-oriented models to help accelerate technology-led transformation in real estate.
UAE-based 2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has acquired a majority stake in ISEM, a major European packaging group with interests in beauty, fashion, luxury and nutraceuticals, for AED704 million ($192 million).
IMF Managing Director Kristalina Georgieva warned the escalating US-Israel-Iran conflict risks pushing global inflation higher, after oil prices surged more than 30 per cent in Asian trading to their highest levels since 2022.
Zoho Corporation, a global technology company, marked its 30th anniversary on Thursday with the announcement that it is now a trusted technology provider to more than one million paying customers and more than 150 million users globally.
New Murabba Development Company, a wholly-owned subsidiary of Saudi Arabia's sovereign wealth fund PIF, has signed a strategic agreement with Electric Vehicle Infrastructure Company (Eviq) for deployment of EV charging infrastructure across key assets within its giga project - New Murabba.
A number of houses in the Sitra area of Bahrain were damaged as a result of Iranian drone attack late last night which left many injured, according to the kingdom's Ministry of Interior. Earlier in the day, a water desalination plant and a university building were targeted.
Bahrain's Ministry of Health has confirmed that an Iranian drone attack early this morning in the Sitra area has resulted in 32 civilian injuries so far, including 4 in serious condition.
