Markets are facing a 'double whammy' of energy volatility and trade tensions flaring up again, says a financial expert amid escalating conflict involving Iran, while the Trump administration simultaneously launches sweeping new trade investigations targeting many of the world’s largest economies.
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The escalating conflict in the Middle East is costing the region’s Travel & Tourism sector about $600 million a day in lost international visitor spending, as disruptions to air travel, declining traveller confidence and weakened regional connectivity begin to hit demand, according to the World Travel & Tourism Council (WTTC).
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Shipping across the Gulf and the strategic Strait of Hormuz remained severely disrupted as attacks on commercial vessels intensified amid the conflict between Iran and US–Israeli forces.
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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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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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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.
First Abu Dhabi Bank (FAB) shareholders approved the distribution of AED8.84 billion ($2.41 billion in cash dividends for the financial year ended 31 December 2025, at the bank's Annual General Meeting (AGM) held on Wednesday virtually.
Two drones fell in the vicinity of Dubai International Airport (DXB) this morning, resulting in minor injuries to four people, authorities have confirmed. However, air traffic was not impacted.
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).
AKCEL Holding, a Dubai-based diversified conglomerate, has signed a strategic development agreement with XRange Golf Entertainment to develop a network of next-generation golf entertainment venues across the UAE, in a project valued at more than AED1 billion ($272.2 million).
Retal Urban Development Company said its consortium has secured a SAR3.2 billion ($852 million) contract to develop a mixed-use project within King Salman Park in Riyadh. It boasts an integrated urban district featuring over 600 residential units and 140 hotel properties in addition to 50,000 sq m of office space.
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.
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.
KEC International, a global infrastructure engineering, procurement and construction (EPC) major and a unit of key Indian conglomerate RG Group, has announced that it has secured the largest composite order from Saudi Arabia for setting up 380 kV transmission lines, substations and EHV Cabling in the kingdom.
SLB is monitoring the Middle East situation, prioritising employee safety, suspending travel, and demobilising operations. First-quarter revenue is expected lower, with earnings impacted. Despite disruptions, the company remains confident in its global business resilience.
Oman’s Ministry of Heritage and Tourism has signed an agreement with Sumharam Tourism Investment Company to develop and operate Sumharam Archaeological Park at Khor Rori, aiming to promote sustainable cultural heritage tourism in Dhofar.
Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has recently organised 35 meetings with business groups and business councils under its umbrella.
Markets are facing a 'double whammy' of energy volatility and trade tensions flaring up again, says a financial expert amid escalating conflict involving Iran, while the Trump administration simultaneously launches sweeping new trade investigations targeting many of the world’s largest economies.
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.
Standard Chartered said it is maintaining normal service under work-from-home arrangements in the Middle East.
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.
Expo 2030 Riyadh, the official World Expo to be hosted in Riyadh, has appointed Omnicom Media agency OMD MENA as its Lead Media Agency.
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.
