Saudi Arabia has announced the launch of its largest private sector residential development - Jawharat Al Arous (Arabic for Jewel of the Bride) - being developed at an investment of SAR8 billion ($2.1 billion). Spanning 107 million sq m, it boasts 18 residential neighbourhoods that will house over 700,000 citizens as well as more than 80,000 prime plots.
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Dubai has moved to further ease residency access for foreign property investors, updating rules to make visa eligibility more flexible.
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Across the Gulf’s glittering skylines, where cranes signal progress and megaprojects reshape the horizon, a more subdued story is taking shape beneath the surface. Rising inflation, supply chain disruptions and broader global uncertainty are steadily driving up living costs, placing increasing pressure on construction professionals.
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Mixed signals from the United States are adding to uncertainty over the direction of the Iran conflict, even as Donald Trump is set to receive a high-level military briefing on potential next steps.
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Oil prices continued to climb on Thursday with no sign of easing, as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that the blockade on Iran will remain in place.
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International Air Transport Association (IATA) has reported that global passenger demand in March rose 2.1%, while capacity fell 1.7%, lifting load factor to 83.6%. International demand dipped 0.6% amid a 60.8% Middle East traffic drop.
Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing.
Fertiglobe, the world’s largest seaborne exporter of urea and net ammonia combined and the largest nitrogen fertilizer producer in the MENA region, reported strong revenues of $915 million for Q1 2026, reflecting a 32% Y-o-Y increase.
e&, the UAE-headquartered global technology group, reported a strong start to 2026 with a consolidated revenue of AED19.4 billion ($5.28 billion) in the first quarter, reflecting a 15.1 per cent year-on-year (YoY) growth.
The Dubai Civil Aviation Authority (DCAA) has launched a new Aviation Consumer Welfare Directive aimed at strengthening passenger rights, introducing clearer protections and formal mechanisms for complaints and dispute resolution across the emirate’s aviation sector.
Abu Dhabi's non-oil foreign trade rose 36 per cent in 2025, exceeding AED415.4 billion ($113.11 billion) compared with approximately AED306 billion in 2024, Abu Dhabi Customs said.
The United Arab Emirates’ planned exit from OPEC and OPEC+ from May 2026 is expected to have limited immediate impact on oil markets in the near term but could weaken the group’s supply management over time, HSBC said, while OPEC+ sources signalled the alliance would remain broadly intact.
Oil prices went up further on Wednesday, extending a multi-day rally, as the Iran and US blockades of the Strait of Hormuz continued.
US President Donald Trump said Iran had indicated it was in a “state of collapse” and was seeking the urgent reopening of the Strait of Hormuz, even as efforts to end the two-month conflict remained deadlocked.
The UAE Pavilion at Expo 2025 Osaka secured Gold at the iF Design Award 2026 in the category Interior Architecture – Trade Fairs / Temporary Exhibitions. The recognition acknowledges the Pavilion’s interior architecture and visitor experience within Trade Fairs and Temporary Exhibitions category.
AUMA, one of the world’s leading manufacturers of electric actuators, has undergone a reorganisation at the start of 2026 with a new organisational structure and an expanded executive board to face the challenges of the future.
Air India Express, India’s international value carrier, has announced the reinstatement of operations to Qatar and Bahrain, along with additional flights to the UAE, Oman and Saudi Arabia, starting April 30.
NMDC Group, a global leader in engineering, procurement and construction (EPC) and marine dredging, has signed up as the Enablement Partner for the fifth edition of Make it in the Emirates, the UAE’s national platform for industrial growth and transformation, which kicks off on May 4.
Across the Gulf’s glittering skylines, where cranes signal progress and megaprojects reshape the horizon, a more subdued story is taking shape beneath the surface. Rising inflation, supply chain disruptions and broader global uncertainty are steadily driving up living costs, placing increasing pressure on construction professionals.
UAE-based Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
The Emirates Drug Establishment (EDE) has officially granted approval for EURneffy, a novel epinephrine-based treatment available in 1 mg and 2 mg strengths, making the UAE the first country in the region to authorise this innovative therapy.
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.
E-commerce business in the UAE jumped by 20 per cent since February this year, as most consumers maintained work from home and study from home to ensure public safety, according to a report.
Mashreq Bank, one of the leading financial institutions in the MENA region, has delivered a strong first-quarter performance, with operating income growing to AED3.4 billion ($925.8 million) and net profit before tax increasing to AED2.3 billion ($626.28 million).
Bahrain-based international technology group Beyon has recorded solid revenue growth for the first quarter hitting BD119 million ($313 million), up from last year's figure of BD117 million ($307 million), primarily driven by growth in digital services, while its net profit fell 15% to BD15.3 million ($40.6 million).
A new partnership between Parkin, the largest provider of paid public parking facilities and services in Dubai, Glydways, the first company providing Flow Networks (AV2.0) to global cities, will integrate autonomous mobility into Dubai’s parking network.
FROMM., a luxury contemporary furniture and home accessories design brand operating from Doha (Qatar) and Milan (Italy), has announced that it has signed a new partnership agreement with Sharjah Research, Technology and Innovation Park at the recent Milan Design Week event.
Dubai has moved to further ease residency access for foreign property investors, updating rules to make visa eligibility more flexible.
