Oman’s Public Establishment for Industrial Estates (Madayn) will invest RO245 million ($637 million) in infrastructure and development projects across its industrial cities between 2026 and 2030 as part of efforts to boost investment and economic diversification, said its top official.
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Shipping through the strategic Strait of Hormuz remained severely disrupted on Wednesday as Iran intensified actions aimed at blocking the critical waterway, including attacks on tankers and suspected mine-laying operations
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Iran continued its attacks on civilian and economic infrastructure across the Gulf on Wednesday, showing no respite in the ongoing Middle East conflict as regional air defence systems intercepted waves of drones, ballistic missiles and other aerial threats targeting key cities, airports and energy facilities.
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Markets are already beginning to trade as if the Iran conflict will de-escalate — even though there is no formal resolution yet, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
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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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Estithmar Holding, a leading Qatari public listed company with a diverse portfolio of over 100 companies, has reported a 54% increase in revenue to QAR6.4 billion ($1.75 billion) in 2025, compared with QAR4.2 billion in 2024.
US President Donald Trump has announced plans for what he described as a $300 billion refinery investment in Texas backed by India’s Reliance Industries, calling it the first new oil refinery to be built in the United States in nearly 50 years and a major step toward restoring American energy dominance.
Tensions in the Gulf escalated sharply after reports that Iran had begun laying naval mines in the strategically vital Strait of Hormuz, prompting warnings from President Donald Trump and US military strikes against suspected mine-laying vessels.
Iran’s attacks on GCC countries, and the resulting closure of airspace and main shipping route, are unlikely to affect the existing ratings of state-owned companies in the region. This reflects the strong likelihood that the governments will support their key operating companies, according to Fitch Ratings.
Air cargo played a key role in supporting global trade and economic growth in 2025 as companies navigated heightened trade policy uncertainty, according to IATA. It enabled the front-loading of $157 billion US imports and carried two-thirds of global AI-related goods by value in Q1.
Nama Dhofar Services, a leading provider of electricity, water, and wastewater services in Oman, has invited bids from leading project developers and utility majors for the construction of Al Houtah Desalination Project in the Rakhyut province of Dhofar Governorates.
US President Donald Trump's administration said it used $5.6 billion in munitions during ​the first two days of strikes against Iran in ‌a report provided to US congressional committees, reported Reuters citing a source familiar with the information.
Abu Dhabi authorities are responding to a fire that broke out at a facility in the Ruwais Industrial Complex, caused by a drone attack. No injuries have been reported at this time, said Abu Dhabi Media office in a X post.
Dubai’s Roads and Transport Authority (RTA) has launched a specialised lab dedicated to innovating solutions for People of Determination.
Ras Al Khaimah Economic Zone (Rakez) has expanded its self-storage offering amid growing demand from individuals and businesses seeking secure and flexible storage solutions in the emirate. These units, located at Al Hamra Industrial Zone, are designed to cater to a variety of storage needs.
Chevron Lummus Global (CLG) has announced the addition of Fischer-Tropsch (FT) liquid upgrading solutions to its portfolio, enabling the company to license and deliver technologies for converting FT-derived liquids from a wide variety of feedstocks.
Air India and Air India Express will together be operating a total of 58 scheduled and non-scheduled flights to and from West Asia on March 12. These airlines will operate a non-scheduled round flight each to Riyadh in Saudi Arabia from Mumbai and Kozhikode, respectively.
In the Strait of Hormuz, hundreds of ships appear on maps where they should not exist. GPS signals that tankers rely on to navigate safely are being scrambled, revealing a new battlefield of invisible electronic warfare. What was once a tool for convenience has become a potential hazard, says an expert.
Markets are already beginning to trade as if the Iran conflict will de-escalate — even though there is no formal resolution yet, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
The King Salman Park Foundation has awarded a major development contract for a mixed-use district being set up in Riyadh’s King Salman Park to a consortium led by Kolaghassi Development Company. The premium Metro-linked district is being developed at an investment of SAR11 billion ($3 billion).
More than ten days into the conflict, health systems across Middle East are under strain as injuries and displacement rise, attacks on health care continue, according to WHO. And added to that is the airspace restrictions that have disrupted the movement of medical supplies from its global logistics hub in Dubai
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.
Dubai International Financial Centre (DIFC) has announced the successful completion and phased handover of DIFC Square ahead of schedule. Spanning over 600,000 sq ft, the development forms an ensemble of three interconnected glass façade buildings with dedicated parking facilities and retail spaces.
Tecom Group, a key developer of strategic business districts in Dubai, has announced that its board has won approval to distribute aggregate cash dividends worth AED880 million ($229 million) to its shareholders for FY2025. It will be paid in two equal instalments (this August and April next year) as per the updated dividend policy.
In the Strait of Hormuz, hundreds of ships appear on maps where they should not exist. GPS signals that tankers rely on to navigate safely are being scrambled, revealing a new battlefield of invisible electronic warfare. What was once a tool for convenience has become a potential hazard, says an expert.
Dubai-based real estate developer TownX has partnered with Regeny, a leading electric vehicle (EV) charging solution provider, to operate 29 state-of-the-art EV charging spots at Luma Park Views, Jumeirah Village Circle.
The Pentagon said Tuesday about 140 US service members have been wounded in the conflict with Iran giving the first insight into the broader toll of injuries sustained by US troops after a barrage of retaliatory rocket and drone strikes from Iran that also killed seven soldiers in Kuwait and Saudi Arabia.
Iran continued its attacks on civilian and economic infrastructure across the Gulf on Wednesday, showing no respite in the ongoing Middle East conflict as regional air defence systems intercepted waves of drones, ballistic missiles and other aerial threats targeting key cities, airports and energy facilities.
