Tensions in the Gulf escalated sharply after reports that Iran had begun laying naval mines in the strategically vital Strait of Hormuz, prompting warnings from President Donald Trump and US military strikes against suspected mine-laying vessels.
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A new to ensure the quality and safety of buildings in the emirate of Dubai has been issues by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai.
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UAE-based Azizi Developments said it has laid the foundation for its first five-star hotel, marking the beginning of the rollout of its AED75 billion ($20.4 billion) hospitality investment plan for Dubai under which it will develop 151 hotels, including 100 four-star and 50 five-star hotels as well as a seven-star property.
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Markets are already beginning to trade as if the Iran conflict will de-escalate — even though there is no formal resolution yet, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
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Recent geopolitical developments involving Iran have heightened market sensitivity to oil prices, inflation, and interest rate expectations, according to Lale Akoner, Global Market Analyst.
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DP World has appointed Ahmad Yousef Al-Hassan as Chief Executive Officer and Managing Director for the GCC, overseeing an integrated portfolio spanning ports and terminals, economic zones, digital technology and logistics solutions across the UAE, Saudi Arabia, Oman and markets in the Upper Gulf.
Aramco reported strong 2025 results with adjusted net income of $104.7 billion, including $25.1 billion in Q4. Operating cash flow reached $136.2 billion for the year and $40.8 billion in Q4, with free cash flow of $85.4 billion.
Bahrain's Crown Prince and Prime Minister His Royal Highness Prince Salman bin Hamad Al Khalifa has said that hostile Iranian strikes targeting residential areas, civilian infrastructure, energy facilities and water desalination plants are blatant violations of international law and international humanitarian law.
US President Donald Trump on Monday that the war against Iran could end soon, but threatened to escalate if Iran blocked oil shipments from the Middle East.
Global oil prices fell sharply on Tuesday after surging to their highest levels in more than three years in the previous session, as signals of possible diplomatic progress in the Middle East eased fears of prolonged supply disruptions.
One person was killed and several others were injured when a residential building in Bahrain's capital Manama was hit by Iranian drones late last night in a flagrant violation of international humanitarian law, which prohibits the use of UAVs to target civilian objects, said the Kingdom's Ministry of Interior.
Saudi Arabia’s real gross domestic product (GDP) grew by 4.5% in 2025 compared with 2024, driven by growth across all economic activities, with oil activities rising 5.7%. The total GDP at current prices reached SAR4,789 billion ($1275.70 billion) in the year.
Oil prices declined from an early trade of over $119 a barrel, a peak since 2022, caused by Saudi ​Arabia and other OPEC members cutting supplies due to disruptions from the expanding US-Israeli war with Iran.
A Greek-operated oil tanker has sailed through the Strait of Hormuz with a 1 million barrels cargo of Saudi Arabian crude and its destination listed ​as India, reported Reuters citing the data from ship tracking platforms Kpler and Lloyd's List Intelligence.
Events linked to the Middle East conflict could give construction contractors in the region rights to claim relief from obligations they owe under their contracts, an expert has said.
US President Donald Trump has announced plans for what he described as a $300 billion refinery investment in Texas backed by India’s Reliance Industries, calling it the first new oil refinery to be built in the United States in nearly 50 years and a major step toward restoring American energy dominance.
A Civitatis survey of over 7,000 users shows that despite generative AI growth in travel planning, 60% of travellers still prefer human-curated recommendations and verified information for guided tours and excursions.
Iran’s attacks on GCC countries, and the resulting closure of airspace and main shipping route, are unlikely to affect the existing ratings of state-owned companies in the region. This reflects the strong likelihood that the governments will support their key operating companies, according to Fitch Ratings.
Markets are already beginning to trade as if the Iran conflict will de-escalate — even though there is no formal resolution yet, says the CEO of one of the world’s largest independent financial advisory and asset management organisations.
UAE-based Imtiaz Developments said it has achieved a key milestone by becoming the first developer in Dubai to complete and hand over a signature residential project at Dubai Islands. This feat was made possible with the successful delivery of Beach Walk by Imtiaz.
Dubai-based developer TownX has partnered with Regeny, a key electric vehicle (EV) charging solution provider, to operate 29 EV charging spots at Luma Park Views in Jumeirah Village Circle. With this, Luma Park Views will now feature the highest number of EV charging slots in the city.
Dubai-based Union Properties has sealed a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Industrial Liaison Programme in a move aimed at developing future-oriented models to help accelerate technology-led transformation in real estate.
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.
Estithmar Holding, a leading Qatari public listed company with a diverse portfolio of over hundred companies, has reported a 54% increase in revenue to QAR6.4 billion ($1.75 billion) in 2025, compared with QAR4.2 billion in 2024.
Zoho Corporation, a global technology company, marked its 30th anniversary on Thursday with the announcement that it is now a trusted technology provider to more than one million paying customers and more than 150 million users globally.
Dubai-based real estate developer TownX has partnered with Regeny, a leading electric vehicle (EV) charging solution provider, to operate 29 state-of-the-art EV charging spots at Luma Park Views, Jumeirah Village Circle.
A number of houses in the Sitra area of Bahrain were damaged as a result of Iranian drone attack late last night which left many injured, according to the kingdom's Ministry of Interior. Earlier in the day, a water desalination plant and a university building were targeted.
Bahrain's Crown Prince and Prime Minister His Royal Highness Prince Salman bin Hamad Al Khalifa has said that hostile Iranian strikes targeting residential areas, civilian infrastructure, energy facilities and water desalination plants are blatant violations of international law and international humanitarian law.
