US President Donald Trump has said that he is going to keep Iran under a naval blockade until the regime agrees to a deal that addresses US concerns about its nuclear programme.
Read more
International Air Transport Association (IATA) has reported that global passenger demand in March rose 2.1%, while capacity fell 1.7%, lifting load factor to 83.6%. International demand dipped 0.6% amid a 60.8% Middle East traffic drop.
Read more
Abu Dhabi's non-oil foreign trade rose 36 per cent in 2025, exceeding AED415.4 billion ($113.11 billion) compared with approximately AED306 billion in 2024, Abu Dhabi Customs said.
Read more
The United Arab Emirates’ planned exit from OPEC and OPEC+ from May 2026 is expected to have limited immediate impact on oil markets in the near term but could weaken the group’s supply management over time, HSBC said, while OPEC+ sources signalled the alliance would remain broadly intact.
Read more
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.
Read more
In a shock move poised to rattle global oil markets, the UAE has announced it will exit the Organisation of the Petroleum Exporting Countries and its wider Opec+ grouping, effective May 1, 2026.
NMDC Energy, a key provider of engineering, procurement, and construction (EPC) services for offshore and onshore energy clients, delivered a solid performance in Q1 with its revenues surging 33% to hit AED5 billion ($1.36 billion), driven by the continued execution of its robust project backlog.
Saudi Arabia’s tourism, hospitality, and events sectors have transformed under Vision 2030. By 2025, tourism contributed 5% of GDP, attracted 123 million visitors, generated SAR300 billion ($80 billion), and supported strong non-oil economic growth.
Dubai’s real estate market recorded over AED180 billion ($49 billion) in residential and commercial sales during the first three months of the year, supported by a surge in ultra-luxury property transactions and sustained demand across both sectors, according to a market report.
A liquefied natural gas (LNG) tanker managed by UAE's ADNOC has crossed the Strait of Hormuz and appears to be near India, Reuters said quoting ship-tracking data.
The latest proposal by Iran to end the war is unlikely to be accepted by US President Donald Trump, a CNN report said quoting sources.
The first and second phases of Saudi Arabia's Vision 2030 have delivered a qualitative leap in the Kingdom’s development, achieving a comprehensive transformation across economic and social sectors, said His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, and Chairman of the Council of Economic and Development Affairs.
Oman's Public Authority for Special Economic Zones and Free Zones has signed RO200 million ($519 million) agreements to establish a portfolio of industrial projects across its free zones, supporting its push to build an export-oriented industrial base spanning steel, construction and industrial products, said a report.
Saudi-based Rawasi Al Bina Investment Company has signed a framework agreement with Saudi Energy Company for the execution of installation, replacement and maintenance works related to low- and medium-voltage overhead and underground distribution networks in the Qassim region.
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year. With this, the Dubai utility has surpassed its own previous world record of 0.94 minutes in 2024.
Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year. With this, the Dubai utility has surpassed its own previous world record of 0.94 minutes in 2024.
Saudi developer Umm Al Qura has announced that it has signed an agreement with global hospitality major Kempinski Group to operate its first branded residences within its Masar Destination in Makkah. The Kempinski Residences features 302 residential units of varying sizes along with integrated amenities.
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25% follaoing a review conducted by the CBB to maintain monetary and financial stability in the kingdom.
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 Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
Emirates Water and Electricity Company (Ewec) has announced the extension of its clean energy partnership with Mediclinic, the first healthcare institution in Abu Dhabi to decarbonise their operations. The deal ensures all Mediclinic’s hospitals will be powered by clean electricity, verified using CECs issued by Abu Dhabi.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
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.
The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25% follaoing a review conducted by the CBB to maintain monetary and financial stability in the kingdom.
Cloudsdcs, a global enterprise cloud and cybersecurity specialist with over 20 years of experience, has announced its expansion into Saudi Arabia with support from AstroLabs, the Gulf’s premier business setup and growth platform.
A new partnership between Parkin, the largest provider of paid public parking facilities and services in Dubai, Glydways, the first company providing Flow Networks (AV2.0) to global cities, will integrate autonomous mobility into Dubai’s parking network.
FROMM., a luxury contemporary furniture and home accessories design brand operating from Doha (Qatar) and Milan (Italy), has announced that it has signed a new partnership agreement with Sharjah Research, Technology and Innovation Park at the recent Milan Design Week event.
US President Donald Trump has said that he is going to keep Iran under a naval blockade until the regime agrees to a deal that addresses US concerns about its nuclear programme.
