Iran continued its near-total blockade of the Strait of Hormuz despite US President Donald trump saying Tehran must allow oil to go through the waterway.
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The UAE's banking sector achieved regional leadership with assets valued at AED5.4 trillion ($1.47 trillion) in 2025, supported by a 17.9% growth in the credit portfolio and a 16.2% increase in deposits, said the Central Bank of the United Arab Emirates' 2025 annual report.
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Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi Press Agency reported, citing an official source at the Ministry of Energy.
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Al Habtoor Group on Thursday (April 9) announced a landmark investment exceeding AED5 billion ($1.36 billion) in Dubai’s real estate sector, underlining its confidence in the emirate’s investment outlook.
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The US-Iran face-off is the single biggest variable across every asset class - from oil to equities - meaning investors should be bracing for a volatile few days ahead, said an expert. Oil remains at the centre of every market move right now with both crude and brent up over 80% YTD.
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Oil prices rose on Thursday after Iran’s Islamic Revolutionary Guard Corps claimed that shipping through the Strait of Hormuz was stopped following what it said was an Israeli ceasefire violation in Lebanon.
Confusion over the scope of the newly announced US-Iran ceasefire and Israel's military campaign in Lebanon continued to disrupt shipping through the Strait of Hormuz, with industry operators adopting a cautious wait-and-see approach.
Bahrain's national airline Gulf Air has announced the resumption of limited flight operations to and from Bahrain International Airport, to major destinations including Dubai, Jeddah, Riyadh, London Heathrow, Nairobi, Delhi, Mumbai and Kochi. Also the flag-carrier will continue its operations from Dammam uninterrupted.
Kuwait's leading low-cost carrier Jazeera Airways has announced the cancellation of flights to nine Indian destinations until May 15 due to operational reasons. These include the southern cities of Coimbatore, Kannur, Kozhikode, Madurai and Mangaluru as well as Goa and Lucknow.
The Central Bank of Bahrain (CBB) and the Central Bank of the United Arab Emirates (CBUAE) have announced the establishment of a currency swap agreement between the Bahraini Dinar (BHD) and the UAE Dirham (AED) during a virtual signing ceremony.
A temporary ceasefire in the Iran conflict has brought a visible sense of relief to the Gulf travel industry after weeks of disruption that affected flights, hotel bookings and regional travel confidence.
Alshaya Group, a leading Kuwaiti business conglomerate, has announced that it has acquired the Starbucks Greece & Cyprus licensed business, becoming the new exclusive owner and operator of the business. It operates 30 stores in Greece and 18 in Cyprus employing around 500 people.
Successful digital identity proofs of concept (PoCs) have demonstrated that contactless, biometric-enabled international travel is achievable with digital identity replacing paper documentation, said International Air Transport Association (IATA).
US President Donald Trump has hailed the ceasefire agreement between the US and Iran as a big day for world peace and said there is an opportunity to make big money.
Al Habtoor Group on Thursday (April 9) announced a landmark investment exceeding AED5 billion ($1.36 billion) in Dubai’s real estate sector, underlining its confidence in the emirate’s investment outlook.
Iran continued its near-total blockade of the Strait of Hormuz despite US President Donald trump saying Tehran must allow oil to go through the waterway.
Turkish Airlines has implemented changes in its executive management structure with the appointment of Prof. Murat Şeker, who has served for many years as Chief Financial Officer (CFO, as the Chairman of the Board of Directors and the Executive Committee of Turkish Airlines.
Dubai Aerospace Enterprise (DAE) has announced a partnership agreement with Blackstone Credit & Insurance to launch a new long-term global investment programme branded Equator that will focus on aircraft on lease to commercial airlines, with a target deployment of $1.6 billion annually.
The US-Iran face-off is the single biggest variable across every asset class - from oil to equities - meaning investors should be bracing for a volatile few days ahead, said an expert. Oil remains at the centre of every market move right now with both crude and brent up over 80% YTD.
SLS The Red Sea, a destination in its own right, presents a dynamic culinary line-up that brings together internationally acclaimed names making their Saudi debut alongside original concepts.
Researchers at NYU Abu Dhabi have developed smart molecules capable of both detecting and treating cancer, offering a safer and more precise approach to care. Farah Benyettou, lead researcher, and Thirumurugan Prakasam, a research scientist, were part of the team.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment.
Meta Platforms has launched its debut AI model Muse Spark, thus marking the first release from the company's Superintelligence group. Designed to boost Meta's products, Muse Spark is a compact yet powerful model capable of complex reasoning in various fields, including science and math.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
Confusion over the scope of the newly announced US-Iran ceasefire and Israel's military campaign in Lebanon continued to disrupt shipping through the Strait of Hormuz, with industry operators adopting a cautious wait-and-see approach.
