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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The impact of the Middle East war is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries, said heads of the International Energy Agency, International Monetary Fund, and World Bank Group.
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Oil prices fell below $100 a barrel this morning over signs of new US-Iran dialogue to end their war.
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For more than a decade, the telecommunications industry has been defined by a single metric: speed. In Saudi Arabia’s rapid digital transformation, speed served as the initial catalyst - connecting cities, enabling services, and laying the foundation for a modern, connected economy.
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The Central Bank of Bahrain (CBB) has announced the launch of a loan deferral and liquidity support programme including a set of measures to support Bahrain’s economy and the financial sector.
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US President Donald Trump on Sunday announced that the US Navy would immediately begin blockading the Strait of Hormuz, sharply escalating tensions after marathon talks with Iran collapsed without a deal to end the war, leaving a fragile two-week ceasefire hanging in the balance.
The GCC economy expanded in the third quarter of 2025, reflecting its sustained ability to balance the role of the oil sector while enhancing the contribution of non-oil activities to gross domestic product (GDP), said a report. Its real GDP for the period soared to hit $474 billion, up 5.2% over Q3 2024.
Saudi Royal Commission for Jubail and Yanbu has announced that its total investments in the industrial cities hit more than SAR1.5 trillion ($400 billion) by the end of 2025. The country’s flagship industrial hubs, Jubail is focused on petchem and heavy industry while Yanbu serves as the refining and downstream sector.
Saudi Ministry of Energy has announced that it has successfully restored the full pumping capacity through the East-West pipeline, amounting to 7 million barrels per day (bpd), and recovering the affected volumes from the Manifa field production of 300,000 bpd, said a report.
The US and Iran failed to reach an agreement after marathon 21-hour talks in the Pakistani capital Islamabad throwing the two-week Middle East ceasefire into doubt.
DIAFA, the Abu Dhabi-based luxury investment platform and a IHC unit, has acquired a majority stake in the hospitality portfolio of British businessman Richard Caring. The deal estimated at $1.8 billion includes some of the UK’s iconic brands such as Ivy restaurants chain and private members’ club Annabel’s.
The US military said on Saturday that two of its warships had passed through the Strait of Hormuz and conditions were being set to clear mines, while Iran's state media denied any US ships had transited the waterway.
US delegation led by Vice President JD Vance met directly with Iranian officials in Pakistan on Saturday — a significant moment for two countries that have typically held high-level talks through intermediaries, a CNN report said.
Global growth is likely to take a noticeable hit from the ongoing Middle East conflict, even if a ceasefire holds, according to an interview given by World Bank President Ajay Banga to Reuters.
UAE-based Azizi Developments has announced that it has awarded a structural steel construction contract worth AED1.1 billion ($299 million) to the globally-renowned Eversendai Corporation Berhad based in Malaysia for its mixed-use skyscraper Burj Azizi project.
Mammoet and ULC-Energy have entered into a cooperation agreement to streamline the construction of nuclear power facilities in the Netherlands.
RateHawk, a B2B platform for booking hotels, flights, and transfers, celebrates its 10th anniversary. Over the past decade, it has become a major award-winning travel tech company powered by AI-driven technology.
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.
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.
UAE-based Al Ghurair Development has announced that it has signed up top global practice Pelli Clarke & Partners as the lead masterplan design architect for its large-scale transit-connected, mixed-use masterplan community in Al Jaddaf, Dubai.
Qiddiya Investment Company has signed an agreement with King Faisal Specialist Hospital and Research Centre (KFSH) for joint collaboration on the establishment of a premium facility in Riyadh that will deliver specialised sports medicine services in line with international standards.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
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.
With all that is going on in the region, July might feel like a lifetime away. And so, when it comes to the UAE’s eInvoicing mandate, many organisations will be tempted to wait, perhaps even hope for a soft landing or informal grace period, as has been seen with previous regulatory changes.
Cumulocity, a global leader in industrial AIoT, has signed a strategic partnership agreement with Aramco Digital to expand the deployment of its enterprise-grade platform across the region.
Saudi Arabia's Ministry of Commerce has announced the recall of 33,250 vehicles from Toyota and Lexus, covering various models, due to a programming defect in the electronic parking assistance control unit.
The Royal Commission for Riyadh City (RCRC) has launched an investment tender for naming rights to five main stations in the Riyadh Metro project.
The US and Iran failed to reach an agreement after marathon 21-hour talks in the Pakistani capital Islamabad throwing the two-week Middle East ceasefire into doubt.
