RELATIONSHIP AGREEMENT TERMINATED

e& announces $5.95bn sale of Vodafone investment

Fri, 10 Jul 2026

Emirates Telecommunications Group Company (e&) has announced the termination of its relationship agreement with Vodafone Group and sale of its shares in the company for approximately AED21.8 billion ($5.95 billion).

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PASSENGER NUMBERS TO TOP 10bn

Airbus forecasts demand for 42,000 new aircraft over next two decades

Fri, 10 Jul 2026

Global airlines will require more than 42,000 new aircraft over the next 20 years, driven by rapid urbanisation, rising incomes and the growing accessibility of air travel, according to Airbus' 2026-2045 Global Market Forecast.

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IRAN DOESN'T CONTROL STRAIT: CENTCOM

Strait of Hormuz traffic slows to a trickle as US-Iran clashes fuel tensions

Fri, 10 Jul 2026

Oil tanker traffic through the Strait of Hormuz slowed to a near standstill on Thursday as renewed military exchanges between the United States and Iran shattered a three-week-old ceasefire, raising fresh concerns over energy supplies and regional security.

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ENHANCED SAFETY, CONTROLS

YouTube rolls out supervised kid accounts across MENA

Thu, 09 Jul 2026

YouTube has launched supervised kid accounts across the Middle East and North Africa (MENA), including the United Arab Emirates. The move aligns with the region's growing focus on creating safer digital experiences for children and young users.

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ANALYSIS

Luxury brands turn to AI as consumers embrace technology, says expert

Wed, 08 Jul 2026

Artificial intelligence (AI) has become a growing strategic focus for luxury companies as consumers increasingly use AI tools during purchasing decisions, although many brands are still working to move beyond experimentation, according to an industry expert.

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Top This Week

UAE attracted $48.3bn foreign direct investment in 2025

Wed, 08 Jul 2026

The UAE attracted $48.3 billion (AED177.3 billion) in inbound foreign direct investment (FDI) in 2025, marking a fourth consecutive year of record inflows and a 6% increase year-on-year.

Saudi Arabia drives GCC project markets in Q2 despite slowdown

Wed, 08 Jul 2026

Project awards in the GCC region for the second quarter surged to $59.4 billion, up 30% over last year supported by higher contract activity in Saudi Arabia and Oman, although activity slowed sharply from Q1, according to a report.

Dubai Taxi Company completes $394.8m acquisition of National Taxi

Wed, 08 Jul 2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in Dubai, today announced the completion of its acquisition of 100% of the share capital of National Taxi, following receipt of all required regulatory approvals.

Trump says interim agreement with Iran 'over' as Gulf conflict escalates

Wed, 08 Jul 2026

US President Donald Trump said on Wednesday that the interim agreement between the United States and Iran aimed at ending weeks of hostilities was effectively "over," following a sharp escalation in military exchanges across the Gulf that has further rattled global energy markets and disrupted shipping through the Strait of Hormuz.

Avenew, Kora unveil $1.6bn mixed-use destination at Dubai Motor City

Wed, 08 Jul 2026

Avenew Development and Kora Properties have announced the launch of O1NE District, a mixed-use destination being developed at an investment of AED6 billion ($1.6 billion) in the heart of Dubai Motor City. It boasts six commercial towers, an integrated retail hub, healthcare facilities and landscaped public spaces.

Riyadh Metro Red Line extension set for tunnelling phase

Wed, 08 Jul 2026

Construction of the Riyadh Metro Red Line extension has reached a major milestone with the completion of manufacturing and factory acceptance testing of the tunnel boring machine (TBM) that will be used to excavate the King Saud University-Diriyah Gate underground section, said a report.

Global FDI rose 6% to $1.6 trillion in 2025, uneven growth seen

Wed, 08 Jul 2026

Global foreign direct investment rose 6% to $1.6 trillion in 2025, ending two years of decline, but the recovery remains narrow, fragile and uneven, according to the World Investment Report 2026 by UN Trade and Development (UNCTAD).

Power restored after outage in several areas in Bahrain, Kuwait

Wed, 08 Jul 2026

Bahrain's Electricity and Water Authority (EWA) has confirmed that the temporary power outage that affected several areas across the Kingdom has been fully resolved.

Oil climbs as US strikes on Iran revive Strait of Hormuz supply fears

Wed, 08 Jul 2026

Oil prices climbed nearly 2% on Wednesday as renewed US airstrikes on Iran and fresh sanctions on Tehran's oil exports reignited concerns over supplies from the Middle East after attacks on commercial vessels in the Strait of Hormuz.

Aldar launches $1.63bn new Yas Island destination

Fri, 10 Jul 2026

Leading developer Aldar has unveiled Yas Point, a AED6 billion ($1.63 billion) waterfront destination on the northern shore of Yas Island that will deliver 1,600 homes for around 5,000 residents.

ADNOC L&S orders $900m four next-generation LNG carriers

Fri, 10 Jul 2026

Abu Dhabi-based ADNOC Logistics and Services (ADNOC L&S) on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million (AED3.3 billion).

flydubai resumes flights to Aleppo, increases Damascus frequency

Fri, 10 Jul 2026

flydubai, the Dubai-based carrier, has announced the resumption and expansion of its network operations into Syria with the launch of a new daily non-stop service to Aleppo International Airport (ALP).

ADNOC L&S orders $900m four next-generation LNG carriers

Fri, 10 Jul 2026

Abu Dhabi-based ADNOC Logistics and Services (ADNOC L&S) on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million (AED3.3 billion).

Luxury brands turn to AI as consumers embrace technology, says expert

Wed, 08 Jul 2026

Artificial intelligence (AI) has become a growing strategic focus for luxury companies as consumers increasingly use AI tools during purchasing decisions, although many brands are still working to move beyond experimentation, according to an industry expert.

Satco wins $105 Diriyah park construction contract

Thu, 09 Jul 2026

Diriyah Company has awarded the main construction works contract worth SAR393 million ($105 million) to Saudi Arabian Trading & Construction Company (Satco) for its Heroes’ Park, a landmark lifestyle project coming up within its masterplanned development.

Mubadala Health Dubai, GlobeMed Gulf sign cooperation deal

Fri, 10 Jul 2026

GlobeMed Gulf, a leading healthcare benefits management company in the UAE, and Mubadala Health Dubai, a key pillar within M42’s world-class portfolio of healthcare providers, have announced a strategic cooperation agreement aimed at enhancing healthcare accessibility and improving the patient experience in Dubai.

Bahrain's Danat announces board overhaul, leadership changes

Mon, 06 Jul 2026

Bahrain's Institute for Pearls and Gemstones (Danat) has named a new board of directors led by Chairman Mohamed Ahmed AlSada. The reconstituted board will oversee the institute's pearl, gemstone and jewellery testing services and support its role in the kingdom’s gem industry.

Ajman Bank opens new corporate office in Dubai

Fri, 10 Jul 2026

Ajman Bank has officially opened a new corporate office in Dubai, reinforcing its institutional presence in the UAE’s leading commercial hub and expanding its capacity to serve corporate and institutional clients.

e& announces $5.95bn sale of Vodafone investment

Fri, 10 Jul 2026

Emirates Telecommunications Group Company (e&) has announced the termination of its relationship agreement with Vodafone Group and sale of its shares in the company for approximately AED21.8 billion ($5.95 billion).

CDA, UAEV partner to enhance EV charging sations in Dubai

Thu, 09 Jul 2026

Dubai’s Community Development Authority (CDA) has signed an agreement with UAEV, the country’s first fully government-owned electric vehicle charging network, for setting up EV charging stations across its key facilities, including community councils (Majlis) and wedding halls.

Bahrain approves new rules for shared accommodation

Fri, 10 Jul 2026

Major amendments to the executive by-laws of Bahrain’s Municipalities Law have been approved in a move aimed at strengthening municipal governance, regulating shared accommodation, enhancing public health measures and updating municipal fees.

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