The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
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The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk.
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The United States embassy in Saudi capital Riyadh was targeted by two drones, Saudi Arabia’s defence ministry has announced. The ministry said that the incident sparked a small fire and resulted in minor damage to the building, according to the Saudi Press Agency.
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Limited airport operations resumed in Abu Dhabi and Dubai last evening following UAE authorities allowing exceptional flights to take stranded travellers back home.
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The US State Department has urged Americans to leave immediately from many countries in the Middle East, including all the Gulf states.
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A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.
QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said.
Armed attacks on nuclear facilities should never take place and could result in radioactive releases with grave consequences within and beyond the boundaries of the state which has been attacked, IAEA has warned.
Three US F-15E Strike Eagles flying in support of Operation Epic Fury went down over Kuwait due to an apparent friendly fire incident, the US Central Command (Centcom) said in a X message.
The Royal Commission for Riyadh City (RCRC) has started work on two new Riyadh Metro stations within King Saud University, marking a key milestone on the Red Line extension project. The extension runs from King Saud University to the Diriyah Gate Development Project covering five new stations.
A drone strike has forced the temporary closure of the Ras Tanura Refinery, one of the world’s largest oil processing facilities in Saudi Arabia, dealing a fresh blow to global energy markets already on edge over escalating regional tensions.
In a swift intervention to support travellers caught in the fallout of regional airspace disruptions, authorities in the UAE have moved to ensure that stranded visitors are not left without accommodation — or with unexpected bills.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter at a single site, has entered into an agreement with a fund managed by American Industrial Partners (AIP), to acquire 100% of Aluminium Dunkerque, the European Union’s largest primary aluminium smelter.
Dubai Airports yesterday confirmed that a concourse at Dubai International (DXB) sustained minor damage in an incident, which was quickly contained.
The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
Exxon Mobil TotalEnergies and Shell are among the companies with more exposure to disruptions in oil and gas production due to the US-Israel war with Iran, analysts said in research notes.
Palazzo Versace Dubai is helping travellers affected by flight disruptions by offering a complimentary stay with breakfast, depending on availability and confirmation of travel status, to support guests experiencing unexpected delays in the city.
Middle Eastern airlines led global air cargo growth in January, helping lift worldwide demand 5.6% year-on-year, the International Air Transport Association (IATA) said in its report, as the sector opened 2026 on a firm footing despite geopolitical and trade headwinds.
The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.
City Centre Bahrain has announced it will temporarily close as a precautionary measure, with the safety and well-being of visitors, partners, and colleagues cited as the absolute priority, said a report by our sister publication GDN.
The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.
Amazon cloud unit's data centres in Bahrain and the United Arab Emirates were facing connectivity issues on Monday, a Reuters report said quoting the company.
Abu Dhabi’s transport regulator has initiated a pilot programme for autonomous freight trucks - in tieup with global company Autotech - a move aimed at preparing regulatory frameworks for the commercial rollout of driverless logistics services. It was implemented within Khalifa Economic Zones Abu Dhabi (Kezad).
Qatar’s Ministry of Interior announced on Sunday that Civil Defence responded to a minor fire in the industrial area caused by debris falling after a missile was intercepted.
US President Donald Trump warned that the “big wave” of the US attack on Iran is yet to come as he laid out his war objectives for reporters.
