There was little relief for thousands of stranded passengers across the Gulf on Tuesday as sweeping airspace closures and mass flight cancellations continued to paralyse one of the world’s busiest aviation corridors.
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Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East, triggering supply fears and sending shockwaves through commodity markets.
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Middle Eastern countries are out in force at ITB Berlin, the world’s largest travel trade show, showcasing their tourism offerings with renewed vigour despite the ongoing conflict in parts of the region. From ambitious destination campaigns to major hospitality and aviation expansions, national tourism boards are using the global platform to reaffirm their commitment to growth, connectivity and international partnerships.
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The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
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The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk.
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The Kuwait Authority For Partnership Projects has announced that leading project developer United Real Estate Company (URC) has emerged as the winning investor in the third phase of its upcoming PPP project - a waterfront property in the Sharq Area of the capital Kuwait City.
Qatar's Ministry of Defense announced on Monday that its armed forces had shot down two Iranian aircraft and intercepted several missiles and drones targeting the country.
Oman-based Sorouh Al Qurm Real Estate has announced plans to develop an integrated tourism complex at an investment of RO230 million ($596 million) in Muscat. Spanning 165,000 sq m, the ITC will boast two four-star hotels along with residential and retail units as well as a range of recreational facilities.
The UAE General Civil Aviation Authority (GCAA) has announced the commencement of exceptional flight operations at UAE airports, enabling stranded passengers affected by recent regional developments to depart, in line with the schedules to be announced by airlines to affected passengers and the relevant destinations.
A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.
QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said.
Armed attacks on nuclear facilities should never take place and could result in radioactive releases with grave consequences within and beyond the boundaries of the state which has been attacked, IAEA has warned.
Three US F-15E Strike Eagles flying in support of Operation Epic Fury went down over Kuwait due to an apparent friendly fire incident, the US Central Command (Centcom) said in a X message.
The Royal Commission for Riyadh City (RCRC) has started work on two new Riyadh Metro stations within King Saud University, marking a key milestone on the Red Line extension project. The extension runs from King Saud University to the Diriyah Gate Development Project covering five new stations.
Saudi-based Misk Foundation has appointed Eng. Sami bin Jasser Al Jasser, a strategic development expert, as the new Chief Executive Officer of its mega Mohammed bin Salman Nonprofit City (Misk City) - a first-of-its-kind project coming up on a 3.4-sq-km area in capital Riyadh.
Global oil and gas prices surged on Tuesday as the escalating U.S.-Israeli war with Iran disrupted energy exports from the Middle East, triggering supply fears and sending shockwaves through commodity markets.
There was little relief for thousands of stranded passengers across the Gulf on Tuesday as sweeping airspace closures and mass flight cancellations continued to paralyse one of the world’s busiest aviation corridors.
Senior government authorities have announced that a fire that broke out this morning in the Fujairah Oil Industry Zone (FOIZ), resulting from falling debris after a Iranian drone attack, has been fully brought under control. No injuries were reported and normal operations have begun, said a report.
Investors must prepare now for higher interest rates due to the escalating Iran conflict, warns the CEO of one of the world’s largest independent financial advisory organisations.
Saudi-based Misk Foundation has appointed Eng. Sami bin Jasser Al Jasser, a strategic development expert, as the new Chief Executive Officer of its mega Mohammed bin Salman Nonprofit City (Misk City) - a first-of-its-kind project coming up on a 3.4-sq-km area in capital Riyadh.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.
City Centre Bahrain has announced it will temporarily close as a precautionary measure, with the safety and well-being of visitors, partners, and colleagues cited as the absolute priority, said a report by our sister publication GDN.
Investors must prepare now for higher interest rates due to the escalating Iran conflict, warns the CEO of one of the world’s largest independent financial advisory organisations.
Anthropic’s AI chatbot Claude suffered a major service disruption yesterday (March 2), with users across multiple regions reporting widespread access failures that knocked out its web interface, desktop apps and developer tools, said media reports.
Abu Dhabi’s transport regulator has initiated a pilot programme for autonomous freight trucks - in tieup with global company Autotech - a move aimed at preparing regulatory frameworks for the commercial rollout of driverless logistics services. It was implemented within Khalifa Economic Zones Abu Dhabi (Kezad).
Qatar’s Ministry of Interior announced on Sunday that Civil Defence responded to a minor fire in the industrial area caused by debris falling after a missile was intercepted.
Senior government authorities have announced that a fire that broke out this morning in the Fujairah Oil Industry Zone (FOIZ), resulting from falling debris after a Iranian drone attack, has been fully brought under control. No injuries were reported and normal operations have begun, said a report.
