US President Donald Trump threatened further strikes on Iran's Kharg Island oil export hub and urged allies to deploy warships to secure the Strait of Hormuz, an artery for global energy supplies, as Tehran vowed to intensify its response.
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The Bahrain and Saudi Arabian Formula One Grands Prix will not take place in April as scheduled due to the ongoing situation in the Middle East region, the FIA said.
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Saudi Arabia's Transport General Authority said it has mobilised a fleet of over 500,000 trucks to ensure uninterrupted freight movement and supply chain continuity across the country and the wider Gulf region, with the land transport system serving as a vital link between ports, airports and logistics zones.
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Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and Development (UNCTAD) study has warned.
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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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Globalisation remained at a historically high level at 25% in 2025 – despite escalating geopolitical tensions, rising US tariffs, and uncertainty about future trade policies, says a report.
The Arab Energy Fund, a leading multilateral impact financial institution, achieved its fourth consecutive year of record net income in 2025, supported by sustained balance sheet growth, strong funding activity, disciplined cost management, and continued portfolio optimisation across business lines.
The United States has temporarily eased sanctions on Russian oil by allowing countries to purchase cargoes already stranded at sea, as Washington seeks to contain a fresh surge in crude prices triggered by Middle East supply disruptions and fears over restricted energy flows through the Gulf.
Air India and Air India Express will together operate a total of 78 scheduled and non-scheduled flights to and from the West Asia region on March 13. Both these carriers continue to operate their respective scheduled services to and from Saudi port city Jeddah and Omani capital Muscat.
Ships must co-ordinate with Iran's navy to pass through the Strait of Hormuz, reported the country's Mehr news agency on Thursday citing the foreign ministry. This comes after its new Supreme Leader Mojtaba Khamenei's threat to keep this vital passage shut as leverage against the US and Israel.
UAE's Federal Authority for Identity, Citizenship, Customs and Ports Security has decided to allow residents currently outside the UAE whose residency permits have expired to return to the country, as prevailing circumstances in the region have prevented their return due to airspace closures.
Iran’s new Supreme Leader, Ayatollah Sayyid Mojtaba Khamenei, has signalled that Tehran intends to continue using the threat of closing the Strait of Hormuz as a key strategic lever in the ongoing conflict.
Wynn Resorts has said that construction work on the Wynn Al Marjan Island, its resort under development in Ras Al Khaimah, UAE, has resumed following a short pause.
Arada has awarded two contracts for the next set of 2,210 homes in Sharjah’s AED35 billion Aljada megaproject. Collectively valued at AED2.04 billion ($555.48 million), the deals cover main construction activities across 14 residential blocks.
Kuwait-based Heavy Engineering Industries and Shipbuilding Company (Heisco) and Shanghai Electric Group are the sole bidders for the Al Subiya Power Generation and Water Distillation Station upgradation project work with the Chinese group emerging as the lowest bidder.
SLB’s OneSubsea joint venture agreed to acquire Envirex Group’s subsea business. The deal aims to speed up deployment of new subsea technologies and expand innovative services for global customers.
Gulf Air, the national carrier of the Kingdom of Bahrain, has announced the expansion of its temporary operations via King Fahad International Airport in Dammam (DMM), with flights now available for commercial booking to passengers travelling to London Heathrow, Mumbai and Bangkok.
Aluminium Bahrain (Alba), the world’s largest smelter on one site, has initiated a controlled and safe shutdown of Reduction Lines 1, 2 and 3, which together represent 19% of Alba’s total production capacity, as an operational measure to preserve business continuity following the closure of Strait of Hormuz.
Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and Development (UNCTAD) study has warned.
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).
The United Nations Children’s Fund (UNICEF), in partnership with MBRGI and the Children’s Investment Fund Foundation (CIFF), has announced a major new $300 million partnership to help save 3 million children from malnutrition.
India's Central Board of Secondary Education (CBSE) on Sunday cancelled remaining Class 12 board examinations (scheduled between March 16 and April 10), including papers earlier postponed in several West Asian countries including Bahrain and other GCC countries and Iran amid the ongoing regional conflict.
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.
The UAE continues to strengthen its position as one of the world’s leading centres in the financial technology (FinTech) sector led by its two main hubs - Dubai International Financial Centre (DIFC) and Abu Dhabi Global Market (ADGM) - and its market is poised to hit $5.71 billion by 2029, said a report.
Northstar Telecom, a leading ICT and telecom solutions provider, has signed an agreement with HFCL, a telecom infrastructure leader, for the strategic standardisation of its Wi-Fi Access Point and Switching infrastructure on the IO by HFCL portfolio across its business and residential broadband services.
The Bahrain and Saudi Arabian Formula One Grands Prix will not take place in April as scheduled due to the ongoing situation in the Middle East region, the FIA said.
US President Donald Trump threatened further strikes on Iran's Kharg Island oil export hub and urged allies to deploy warships to secure the Strait of Hormuz, an artery for global energy supplies, as Tehran vowed to intensify its response.
The Bahrain Defence Force (BDF) General Command has announced that the kingdom's air defence systems have successfully intercepted hostile Iranian attacks, shooting down 124 ballistic missiles and 203 drones targeting the kingdom since the onset of this aggression.
