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.
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All eyes are on Pakistan's capital Islamabad as it hosts what are being described as “make-or-break” talks between the United States and Iran on Saturday, even as doubts persist over their prospects amid sharply divergent positions, ongoing violence in Lebanon, and renewed warnings from Donald Trump of intensified military action if diplomacy fails.
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Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
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Listed companies in the Abu Dhabi Securities Exchange (ADX), one of the 20 largest stock exchanges by market capitalisation, extended their sustained growth as total net profit increased 17% year on year to over AED200 billion ($54.46 billion).
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Iran continued its near-total blockade of the Strait of Hormuz despite US President Donald trump saying Tehran must allow oil to go through the waterway.
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Dubai Aerospace Enterprise (DAE) has announced a partnership agreement with Blackstone Credit & Insurance to launch a new long-term global investment programme branded Equator that will focus on aircraft on lease to commercial airlines, with a target deployment of $1.6 billion annually.
Minor Hotels has unveiled plans to build a new global data and AI platform from the ground up in partnership with Google Cloud, Salesforce, OneTrust and Deloitte, marking a major acceleration of the group’s long-term digital transformation strategy.
The framework agreement for the financing of the second phase of the Shaikh Jaber Al Ahmad Al Sabah Highway Development Project, estimated at nearly BD129 million ($340 million), has been approved by His Majesty King Hamad bin Isa Al Khalifa of Bahrain, said a report.
Mubadala Investment Company, an Abu Dhabi–based sovereign investor, today reported strong financial performance in its 2025 annual results with its assets under management growing 17 percent to AED1.4 trillion ($385 billion), with annualised five- and ten-year returns exceeding 10 percent.
Aleph Hospitality, a leading independent hotel management company in the Middle East and Africa, has set a new milestone for the group of operating 100 hotels by the end of 2029.
The United Arab Emirates is accelerating efforts to strengthen alternative trade corridors, improve customs systems and expand regional shipping connectivity as it works to protect supply chains and reinforce its position as a trusted global logistics hub amid continuing regional disruptions.
Oil prices rose on Thursday after Iran’s Islamic Revolutionary Guard Corps claimed that shipping through the Strait of Hormuz was stopped following what it said was an Israeli ceasefire violation in Lebanon.
Confusion over the scope of the newly announced US-Iran ceasefire and Israel's military campaign in Lebanon continued to disrupt shipping through the Strait of Hormuz, with industry operators adopting a cautious wait-and-see approach.
Bahrain's national airline Gulf Air has announced the resumption of limited flight operations to and from Bahrain International Airport, to major destinations including Dubai, Jeddah, Riyadh, London Heathrow, Nairobi, Delhi, Mumbai and Kochi. Also the flag-carrier will continue its operations from Dammam uninterrupted.
Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
Dubai has restricted foreign airlines to just one daily flight to its airports until May 31 due to the Iran crisis, a Reuters report said citing a Federation of Indian Airlines (FIA) letter.
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.
Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
SLS The Red Sea, a destination in its own right, presents a dynamic culinary line-up that brings together internationally acclaimed names making their Saudi debut alongside original concepts.
Researchers at NYU Abu Dhabi have developed smart molecules capable of both detecting and treating cancer, offering a safer and more precise approach to care. Farah Benyettou, lead researcher, and Thirumurugan Prakasam, a research scientist, were part of the team.
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.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
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.
Meta Platforms has launched its debut AI model Muse Spark, thus marking the first release from the company's Superintelligence group. Designed to boost Meta's products, Muse Spark is a compact yet powerful model capable of complex reasoning in various fields, including science and math.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
All eyes are on Pakistan's capital Islamabad as it hosts what are being described as “make-or-break” talks between the United States and Iran on Saturday, even as doubts persist over their prospects amid sharply divergent positions, ongoing violence in Lebanon, and renewed warnings from Donald Trump of intensified military action if diplomacy fails.
