The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
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Oil prices surged past the $105 threshold on Friday as an escalating maritime standoff between Iran and the United States in the Strait of Hormuz rattled global energy markets.
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Oil production across the Gulf, sharply curtailed by the Iran conflict, is expected to stage a strong recovery within months once the Strait of Hormuz fully reopens, according to Goldman Sachs, offering a measure of optimism for regional energy markets.
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US President Donald Trump has ordered the country's navy to “shoot and kill” any Iranian boats placing mines in the Strait of Hormuz, even as Iran announced that it has received its first revenue from tolls it imposed on ships passing through the strait.
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Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
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Gulf women continue to strengthen their presence in the development journey of GCC countries, supported by a young population base and growing participation in the labour market, according to a GCC-Stat report.
Saudi Arabia will join the JPMorgan Emerging Market Bond Index (GBI-EM) in 2027, with sovereign bonds expected to reach a 2.52% weighting.
Oil prices extended gains on Thursday after big increases in the previous session amid reports of action against ships by both Iran and the US and stalled peace talks.
In a bold move towards the future, Dubai city has greenlit its most ambitious transport project yet: the all-new Gold Line of the Metro. Spanning 42 km with 18 stations, this fully underground network is set to reshape how the emirate moves when it rolls out in 2032.
Emirates Integrated Telecommunications Company (du) delivered a resilient financial performance in the first quarter, with revenue growing by 6.9% to AED4.1 billion ($1.116 billion), a record EBITDA margin of 49.5%, and net profit growing by 15.5% to AED0.8 billion ($217.8 million).
SSH, one of the leading masterplanning, infrastructure and project management firms in the Middle East, has announced that it has secured the design and supervision contract for Expo Valley Views, the next chapter in Expo City Dubai’s sustainable living story.
Jeddah Tower, Saudi Arabia’s landmark mega-tall mixed-use tower, has achieved a major construction milestone surpassing 100 floors and 400m in height.
Tensions in the strategically vital Strait of Hormuz escalated sharply on Tuesday after two vessels were reportedly seized by Iran’s Revolutionary Guard Corps (IRGC) and transferred to Iranian waters.
Saudi Arabia has taken another step forward in preparing for Expo 2030 Riyadh, awarding two key utilities and infrastructure works packages to Al Yamama Company as the kingdom ramps up on-ground delivery for the global event.
Dubai Integrated Economic Zones Authority has entered into an agreement with Dutch group Volt for setting up an AI-ready data centre facility in Dubai Silicon Oasis. Under this, DIEZ will provide land and core infrastructure, while Volt UAE will be responsible for the development, finance and lead construction of these facilities.
Saudi Arabia's Ministry of Investment has signed an investment agreement with SATORP to develop the "Amiral" project, a joint venture between Saudi Aramco and TotalEnergies.
Kuwait has announced the reopening of airspace at Kuwait International Airport starting from Thursday evening.
Saudi Arabia's Ministry of Investment has signed an investment agreement with SATORP to develop the "Amiral" project, a joint venture between Saudi Aramco and TotalEnergies.
Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
Vision Hospitality will launch a 45,000 sq ft multi-concept dining and entertainment destination at Reem Mall, Abu Dhabi, featuring McGettigan’s and a live sports Fan Zone, marking a major regional expansion.
The Emirates Drug Establishment (EDE) has announced the country’s first fully AI-discovered and developed drug candidate by a research team at Insilico Medicine.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
Dubai Integrated Economic Zones Authority has entered into an agreement with Dutch group Volt for setting up an AI-ready data centre facility in Dubai Silicon Oasis. Under this, DIEZ will provide land and core infrastructure, while Volt UAE will be responsible for the development, finance and lead construction of these facilities.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, has acquired another 600 new licence taxi plates through the latest auction conducted by the Dubai Roads and Transport Authority (RTA).
Saudi Arabia's General Entertainment Authority and Riyadh Season, under the leadership of Turki Alalshikh, in cooperation with WWE, today announced that Night of Champions will return to Kingdom Arena in Riyadh on Saturday, June 27, 2026.
US President Donald Trump has ordered the country's navy to “shoot and kill” any Iranian boats placing mines in the Strait of Hormuz, even as Iran announced that it has received its first revenue from tolls it imposed on ships passing through the strait.
