The nearly two-month-long conflict involving US, Israel and Iran has inflicted a heavy toll on global energy markets, erasing tens of billions of dollars in potential oil output and triggering one of the most severe supply disruptions in recent history.
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Tensions in the Gulf intensified on Monday, with the seizure of an Iranian cargo vessel by US forces emerging as the central flashpoint and casting doubt over already fragile diplomatic efforts to end the war.
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A US delegation will reach Pakistan tomorrow evening for negotiations with Iran, with about two days remaining in the two countries’ tenuous ceasefire agreement, said US President Donald Trump. Tehran has not immediately confirmed the plans.
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Saudi Energy said it has signed a SAR11.5 billion ($3.1 billion) agreement with Saudi Power Procurement Company (SPPC) for the Rabigh 2 IPP project located in Makkah province, which on completion will boast a large-scale CCGT power plant with 2,313.5 MW generation capacity.
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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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Saudi Arabia has taken a significant step forward on its long-planned Landbridge railway, awarding Spanish engineering firm Sener the lead design contract for the multi-billion-dollar project linking the Red Sea to the Arabian Gulf, according to published reports.
Momentum is building toward US-Iran peace talks over the weekend following a possible agreement over Tehran’s nuclear programme and the ceasefire in Lebanon.
Growth across the Middle East, North Africa, Afghanistan and Pakistan (MENAP) region is set to slow sharply in 2026 following the economic shock triggered by the recent US–Israel–Iran war, the International Monetary Fund has warned.
US President Donald Trump has announced a 10-day ceasefire between Israel and Lebanon, which he said would begin at 5 pm EST (10 pm GMT).
A controversial new sporting venture is challenging one of the most fundamental principles of modern athletics — the ban on performance-enhancing drugs.
KEO, a leading multidisciplinary consulting firm, and Margulies Hoelzli Architecture (MHA), a leader in data center and mission-critical design, have entered into a strategic partnership to deliver end-to-end data center solutions for developers and investors across the GCC and Europe.
ORA Developers is expanding its UAE presence through the acquisition of an additional 4.8 million sq m of land from Modon Holding in Ghantoot, increasing its UAE land bank to 9.6 million sq m.
Hassan Allam, one of the largest engineering and construction companies in the MENA region, has agreed to acquire MetiPro, the engineering, procurement, and construction arm of Metito group.
MGB, a leading construction, property development and IBS precast concrete manufacturer, has secured a key contract from leading Saudi developer Roshn for the construction of 75 villas under its Marafy Al Arous Development Project in Jeddah.
The total value of rental contracts in Dubai during Q1 2026 reached AED32.2 billion ($8.77 billion), reflecting a sustained pace of activity, according to data from the Dubai Land Department.
For the sixth consecutive year, Sabic earned Edison Awards across multiple categories. This year, it won in material science, energy and climate resiliency, and water, food and agriculture for five innovative solutions.
Sohar Islamic sponsored the “Smart Passport for Rose Explorer 2026”, organised by ELIF Entrepreneurship and Sustainable Innovation, as part of the annual rose season in Al Jabal Al Akhdar, Al Dakhiliyah Governorate, Oman.
Tensions in the Gulf intensified on Monday, with the seizure of an Iranian cargo vessel by US forces emerging as the central flashpoint and casting doubt over already fragile diplomatic efforts to end the war.
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.
Modon, a premier Abu Dhabi-based real estate developer and urban planner, has released the final phase of its Tara Park residential project on Al Reem Island. A freehold development, the project features six residential towers connected by a shared podium that will deliver a total of 834 apartments.
A controversial new sporting venture is challenging one of the most fundamental principles of modern athletics — the ban on performance-enhancing drugs.
Digital Dubai has launched the “AI Workforce Transformation Program (AI+),” a strategic initiative to train 50,000 Dubai Government employees.
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.
More than 105,500 Bahraini private‑sector workers could have their April salaries paid directly from the Unemployment Fund if a proposal gets approved.
KEO, a leading multidisciplinary consulting firm, and Margulies Hoelzli Architecture (MHA), a leader in data center and mission-critical design, have entered into a strategic partnership to deliver end-to-end data center solutions for developers and investors across the GCC and Europe.
Abu Dhabi's Integrated Transport Centre (ITC) has announced that it has achieved a major milestone with its green bus fleet surpassing 1.3 million eco-friendly kilometres since its launch in 2024. Its green fleet comprises buses powered by hydrogen fuel cell technology and electric energy.
Art Dubai, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the preliminary list of participants for its 2026 special edition taking place at Madinat Jumeirah from May 15 to 17 May.
A US delegation will reach Pakistan tomorrow evening for negotiations with Iran, with about two days remaining in the two countries’ tenuous ceasefire agreement, said US President Donald Trump. Tehran has not immediately confirmed the plans.
