UAE-based Azizi Developments said it has laid the foundation for its first five-star hotel, marking the beginning of the rollout of its AED75 billion ($20.4 billion) hospitality investment plan for Dubai under which it will develop 151 hotels, including 100 four-star and 50 five-star hotels as well as a seven-star property.
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Aramco reported strong 2025 results with adjusted net income of $104.7 billion, including $25.1 billion in Q4. Operating cash flow reached $136.2 billion for the year and $40.8 billion in Q4, with free cash flow of $85.4 billion.
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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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US President Donald Trump on Monday that the war against Iran could end soon, but threatened to escalate if Iran blocked oil shipments from the Middle East.
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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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The Savola Group, a leading strategic investment holding group in the regional food and retail sectors, has announced solid results for FY 2025 with a 13% jump in its revenue which soared to SAR26.1 billion ($7 billion) mainly driven by growth in its retail, food processing and frozen foods segments.
Bapco Energies, Bahrain’s integrated energy company, hereby serves notice of force majeure on its group operations which have been affected by the on-going regional conflict in the Middle East and the recent attack on its refinery complex.
Bahrain's Ministry of Health has confirmed that an Iranian drone attack early this morning in the Sitra area has resulted in 32 civilian injuries so far, including 4 in serious condition.
The United Arab Emirates affirms that it is in a state of defence in response to the brutal and unprovoked Iranian aggression, which included the launch of more than 1,400 ballistic missiles and drones targeting infrastructure and civilian sites, resulting in civilian deaths and injuries.
Oil prices surged nearly 30% to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.
A number of houses in the Sitra area of Bahrain were damaged as a result of Iranian drone attack late last night which left many injured, according to the kingdom's Ministry of Interior. Earlier in the day, a water desalination plant and a university building were targeted.
Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signaling that hardliners remain firmly in charge in Tehran a week into its conflict with the US and Israel, reported Reuters. Meanwhile, the US military confirmed a seventh soldier has died from wounds sustained during Iran's initial counter-attack a week ago,
Elsewedy Electric for Power Transmission & Distribution has announced the successful completion and handover of the 386MWp El Saad Project, its first utility-scale solar PV plant in Riyadh. The landmark project has now officially entered its operations and maintenance phase.
Israeli forces expanded their bombardment of Iran overnight, striking fuel depots near Tehran as fighting escalated on day nine of the Middle East conflict, while Iranian officials moved closer to naming a new supreme leader despite Israeli threat to kill any replacement for Ayatollah Ali Khamenei, said a report.
Saudi Arabia's Matarat Holding has announced that 89 leading players in airport construction sector including 55 Saudi companies are in the race to build the Prince Naif bin Abdulaziz International Airport in Qassim. The list includes 19 developers, 33 EPC contractors as well as 13 operators.
Aramco warned the Strait of Hormuz disruption from the Iran war could have “catastrophic consequences” for global oil markets and trigger ripple effects across shipping, insurance, aviation, agriculture and automotive industries.
UAE-based Azizi Developments said it has laid the foundation for its first five-star hotel, marking the beginning of the rollout of its AED75 billion ($20.4 billion) hospitality investment plan for Dubai under which it will develop 151 hotels, including 100 four-star and 50 five-star hotels as well as a seven-star property.
Make it in the Emirates, the UAE’s flagship platform for driving industrial growth and transformation, has announced Emirates Global Aluminium (EGA) as the Advanced Manufacturing, AI, and Industry 4.0 Sector Partner for its 2026 edition, taking place at ADNEC Centre Abu Dhabi from May 4 to 7.
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.
UAE-based Imtiaz Developments said it has achieved a key milestone by becoming the first developer in Dubai to complete and hand over a signature residential project at Dubai Islands. This feat was made possible with the successful delivery of Beach Walk by Imtiaz.
Dubai-based developer TownX has partnered with Regeny, a key electric vehicle (EV) charging solution provider, to operate 29 EV charging spots at Luma Park Views in Jumeirah Village Circle. With this, Luma Park Views will now feature the highest number of EV charging slots in the city.
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.
UAE-based 2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has acquired a majority stake in ISEM, a major European packaging group with interests in beauty, fashion, luxury and nutraceuticals, for AED704 million ($192 million).
Ardian, a global private investment firm, has reached an agreement with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), to launch a new real estate secondaries platform.
Zoho Corporation, a global technology company, marked its 30th anniversary on Thursday with the announcement that it is now a trusted technology provider to more than one million paying customers and more than 150 million users globally.
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.
A number of houses in the Sitra area of Bahrain were damaged as a result of Iranian drone attack late last night which left many injured, according to the kingdom's Ministry of Interior. Earlier in the day, a water desalination plant and a university building were targeted.
Bahrain's Crown Prince and Prime Minister His Royal Highness Prince Salman bin Hamad Al Khalifa has said that hostile Iranian strikes targeting residential areas, civilian infrastructure, energy facilities and water desalination plants are blatant violations of international law and international humanitarian law.
