The Saudi asset management industry remained resilient in Q1 during the height of the Iran conflict, even posting some growth, according to Fitch Ratings. Assets under management (AUM) are likely to continue to rise, surpassing $400 billion in 2027.
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The United States and Iran have agreed on a roadmap aimed at reaching a comprehensive peace agreement in 60 days, marking a significant step forward in efforts to end hostilities despite renewed tensions over the Strait of Hormuz.
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The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade puts a recovery of ocean supply chain networks at mid-September 2026, in a best-case scenario, says Xeneta, an ocean and air freight intelligence platform.
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The United States has lifted its naval blockade of Iran and commercial shipping has begun cautiously returning to the Strait of Hormuz after Washington and Tehran signed an interim agreement aimed at ending months of conflict in the Gulf.
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The UAE Cabinet has issued a resolution setting the minimum age for social media use at 15 years. Children below this age are prohibited from creating, using, or operating personal accounts on social media platforms.
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Saudi Arabia's National Industrial Development and Logistics Program (NIDLP) activities contributed SAR1,045 billion ($278.74 billion) to non-oil GDP in 2025, representing 39% of the Kingdom's total non-oil GDP, up from SAR996 billion in 2024, said the program's annual report.
The UAE is entering a new phase of government development built on deploying Agentic AI in the design of public services, policies and procedures, advancing the leadership's vision of building the world's most effective and forward-looking government, a senior minister has said .
The UAE’s Al Ain region will serve as a global hub for design and regulatory activities in the advanced air mobility solutions sector. Supporting infrastructure, technical expertise, and international partnerships will be developed to ensure safe and sustainable operations.
The Abdul Latif Jameel group, led by Chairman Mohammed Abdul Latif Jameel, takes the top spot in the Forbes Middle East Top 100 Family Businesses 2026 list.
Kuwait Petroleum Corporation (KPC) plans to raise the country's oil production to two million barrels per day (bpd) within a week, amid the reopening of the Strait of Hormuz under a US-Iran peace agreement, said KPC's Deputy Chairman and CEO Sheikh Nawaf Saud Al-Sabah.
Bahrain's Ministry of Housing and Urban Planning (MoHUP) has received two bids for Madinat Khalifa housing project, a landmark private-sector housing development comprising more than 2,500 units under the kingdom's Government Land Development Programme (GLDP).
Knowledge Economic City (KEC) has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund the construction work on the first two clusters within Phase I of its Islamic World District project.
The UAE has maintained its position as the world's fifth most competitive economy while ranking first globally in Economic Performance in the 2026 IMD World Competitiveness Ranking, reinforcing its status as one of the world's most resilient and future-ready economies.
Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks.
The Middle East retail real estate industry leaders are set to rethink the operating models as the forces reshaping the retail sector are converging faster than most operators recognise, said an industry expert, addding traditional space-centric models are no longer sufficient for what lies ahead.
Saad Al-Kaabi, Qatar's Minister of State for Energy Affairs and Qatar Energy CEO, confirmed the death of 13 workers and 66 injuries in the explosion at its Ras Laffan industrial complex on June 21.
Travelsoft Pay (TSPay), the payment orchestration and issuing division of Travelsoft Group, has announced a strategic partnership with Checkout.com aimed at improving payment performance and simplifying global payment connectivity for travel businesses.
Global maritime charity Sailors' Society has signed a deal with top insurer NorthStandard to roll out its innovative Sea Mate training to the P&I club's members, thus paving the way for a sea change in seafarer care with an increase in the number of Wellbeing Officers on board ships.
The Saudi asset management industry remained resilient in Q1 during the height of the Iran conflict, even posting some growth, according to Fitch Ratings. Assets under management (AUM) are likely to continue to rise, surpassing $400 billion in 2027.
Ellington Properties, a leading design-led real estate group, has announced the launch of its newest residential development, Everly Place, located at Meydan Horizon in Dubai featuring 209 residences across a curated mix of one - to three-bedroom apartments overlooking the crystal lagoon.
Saad Al-Kaabi, Qatar's Minister of State for Energy Affairs and Qatar Energy CEO, confirmed the death of 13 workers and 66 injuries in the explosion at its Ras Laffan industrial complex on June 21.
Leoron Institute, a leading corporate training and EdTech provider in the Europe, Middle East and Africa region, has appointed one of its founding members, Lule Bunjaku Karapinar, a Macedonian national, as the new CEO for Gulf Markets and Executive Education section based in Dubai.
Mattel, an American multinational toy manufacturing and entertainment company, has appointed Tarek Moussawer as its new Commercial Lead for Middle East region. An industry veteran, he brings over 20 years of experience across retail, finance, brand building and commercial strategy to the new role.
Periods of market transition often place greater emphasis on independent advice and disciplined decision-making and independent valuation and technical due diligence are increasingly important in complex restructuring, real estate, refinancing, and recovery situations, said a key industry expert.
Leading UAE telecom services company e& has partnered with TM Forum to jointly release a new white paper that outlines its roadmap towards Level 4/5 autonomous networks, aligning AI-native operations, intent-based orchestration and cross-domain intelligence.
Nissan Middle East closed Fiscal Year 2025 (April 2025 to March 2026) by delivering a landmark financial and commercial performance, concluding the period as the most profitable year on record for the regional entity.
The Abdul Latif Jameel group, led by Chairman Mohammed Abdul Latif Jameel, takes the top spot in the Forbes Middle East Top 100 Family Businesses 2026 list.
The United States and Iran have agreed on a roadmap aimed at reaching a comprehensive peace agreement in 60 days, marking a significant step forward in efforts to end hostilities despite renewed tensions over the Strait of Hormuz.
