IHC, a global investment company focused on building dynamic value networks, today announced that it has received all requisite regulatory approvals to acquire approximately 41.5% stake in Sammaan Capital Limited on a fully diluted basis, for a total transaction value of approximately $1 billion (INR 8,850 crore).
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The Government of Dubai has confirmed that firefighting teams successfully extinguished the fire that broke out on a huge Kuwaiti oil tanker after an Iranian drone attack off Dubai waters early on Tuesday.
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The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming the outlook for many economies that had only just shown signs of a sustained recovery from previous crises, says key IMF directors in a blogpost.
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Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
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As heightened tensions continue to inject uncertainty into global markets, businesses across the Gulf are balancing caution with determination. The GCC governments are responding swiftly to preserve stability, support liquidity, and sustain momentum, said an industry expert.
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Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, confirmed early Sunday that its facility was targeted in an Iranian attack a day earlier resulting in mild injuries to two of its employees.
Kuwait International Airport was targeted by multiple drone attacks that caused significant damage to its radar system but resulted in no casualties, according to state news agency KUNA. Also the country's Mubarak Al Kabeer Port infrastructure came under a missile attack early Friday.
Russian Foreign Minister Sergei Lavrov on Friday discussed the possibility of a diplomatic settlement in the Iran war with his Iranian counterpart Abbas Araqchi, taking into account the legitimate interests of all countries in the region, reported Reuters citing senior Russian officials.
The US expects its operation against Iran to conclude within weeks, not months, and Washington can meet all its objectives without using ground troops, US Secretary of State Marco Rubio said after meeting his G7 counterparts in France.
FII Institute on Thursday convened global leaders, investors, and policymakers for Day 1 of FII PRIORITY Miami 2026, under the theme “Capital in Motion,” with discussions affirming that in an era of disruption, long-term capital, collaboration, and strategic investment remain the foundations of prosperity.
US President Donald Trump said he was extending by 10 days a deadline linked to threatened strikes on Iranian energy infrastructure, saying the move followed a request from Tehran and that negotiations were progressing positively.
Patel Family Office, a US investment enterprise, and Abdel Hadi A Al-Qahtani & Sons (AHQ), a Saudi industrial conglomerate, have signed a $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029.
Dubai master-developer Emaar Properties has announced plans to distribute cash dividends worth AED8.8 billion ($2.4 billion), representing 100% of the share capital, for the FY 2025. The Dubai developer had recorded its highest property sales of AED80.4 billion ($21.9 billion), up 16% over the previous year.
Leading events organiser RX has confirmed that the 2026 edition of Airport Show co-located with Global Airport Leaders’ Forum and Women In Aviation Middle East Conference, originally scheduled to take place from May 12 to 14 at Dubai World Trade Centre, will now take place from October 12-14, with the venue remaining unchanged.
Armstrong Fluid Technology, a global leader in intelligent, energy-saving fluid flow and whole building mechanical solutions, has announced the appointment of Danilo Elez as its Chief Executive Officer. In this role, Danilo will lead the company’s next phase of growth and innovation.
The finance and energy ministers of the G7 group affirmed their readiness to take "all necessary measures" to ensure the stability of the energy market, as part of their efforts to address the economic repercussions of the war in the Middle East.
IATA reported robust global air cargo growth in February 2026, with total demand rising 11.2% year-on-year in cargo tonne-kilometres (CTK) and international operations increasing slightly more, by 11.6%, compared to February 2025.
Armstrong Fluid Technology, a global leader in intelligent, energy-saving fluid flow and whole building mechanical solutions, has announced the appointment of Danilo Elez as its Chief Executive Officer. In this role, Danilo will lead the company’s next phase of growth and innovation.
Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
The Captains Club, the MENA's first and largest premium boat club with an operational presence across 24 locations in the UAE and the GCC, has made a landmark investment of AED25 million ($6.81 million) to expand its fleet by 70 boats, bringing its total fleet to over 300 vessels.
Dubai South, the largest single-urban master development focused on aviation, logistics and real estate, has welcomed a new distribution facility by Hellmann Calipar Healthcare Logistics (HCHL) at its Logistics District.
Volvo Construction Equipment (Volvo CE) has formalised Iron Women as a unified global platform to solve a severe shortage of skilled operators, technicians, and service professionals. The initiative is positioned not as a symbolic gesture but as essential business infrastructure.
Trolley General Trading, a leading convenience-led grocery retailer based in Kuwait City has begun trading on Boursa Kuwait’s Premier Market, raising gross proceeds of KD59.5 million ($195 million). Based on the final offer price, its market capitalisation now stands at KD170 million ($552.6 million).
Standard Chartered Foundation, in partnership with Village Capital, has launched the eighth edition of the Women in Tech Accelerator in the UAE, continuing its support for women-led, tech-enabled startups at a critical stage of growth.
Core42, a G42 company specialising in sovereign cloud and AI infrastructure, has appointed Sherif Tawfik as Chief Business Officer (CBO).
Mazad, a leading digital auctions and marketplace platform in Bahrain, and a Mumtalakat portfolio company, has announced the launch of a special auction for a unique three‑digit vehicle license plate number, 994, in response to the growing demand for distinctive triple‑digit plates.
The second edition of Abu Dhabi Infrastructure Summit (ADIS) kicks off in May this year at the ADNEC Centre, anchored by the emirate's $57 billion infrastructure pipeline spanning housing, transport, culture, education, and social infrastructure, said the event organisers.
Kuwait's Ministry of Electricity, Water and Renewable Energy announced on Sunday that a service building at one of the power and water distillation plants was damaged in an Iranian attack, resulting in the death of an Indian worker.
