NO PROGRESS ON TALKS

US, Iran trade claims as Strait of Hormuz remains disrupted

Sun, 16 Aug 2026

Uncertainty over the future of the Strait of Hormuz deepened on Saturday as the United States and Iran traded conflicting claims over control of the strategic waterway, while commercial shipping remained severely disrupted and fresh attacks added to mounting concerns over the security of Gulf trade.

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OIL SLICK SPREADS AT OMAN"S COAST

ADNOC vessels attacked in Hormuz, US threatens 'unprecedented' Iran sanctions

Fri, 14 Aug 2026

Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday, adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran.

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TECNIMONT, WISON INK STRATEGIC DEAL

ADNOC Gas awards $8.2bn EPC contracts for Habshan complex project

Thu, 13 Aug 2026

Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.

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THREE MAJOR INITIATIVES

Flexible working main focus in Dubai's new employee well-being strategy

Thu, 13 Aug 2026

Flexible working is emerging as a key pillar of Dubai’s drive to build a more agile and sustainable government workforce, as the emirate moves to give employees greater choice in how they work while maintaining productivity and service delivery.

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ANALYSIS

Renewed US-Iran tensions put inflation risks back on investors' radar

Tue, 14 Jul 2026

Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.

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Top This Week

JTA, Watt EV to build Qatar’s first EV manufacturing facility

Sat, 15 Aug 2026

Qatar-based JTA International Investment has signed a long-term strategic partnership with British group Watt Electric Vehicle Company to set up its first EV manufacturing plant where the duo will jointly design and manufacture a new generation of e-vehicles specifically for the GCC region.

DET issues last call for ‘A Dubai Invite’, says demand ‘exceptional’

Fri, 14 Aug 2026

The Dubai Department of Economy and Tourism (DET) has announced a last call for residents to register for ‘A Dubai Invite’, following exceptional demand that has seen the programme’s capacity increase three times since its launch on July 20.

Wison Engineering secures $4bn EPC contract for ADNOC Gas project

Fri, 14 Aug 2026

Wison Engineering has been awarded the $3.9 billion engineering, procurement and construction (EPC) contract for Phase 2 (New Natural Gas Processing Train at Habshan) of the Rich Gas Development (RGD) Project by ADNOC Gas, the gas-processing subsidiary of Abu Dhabi National Oil Company (ADNOC), in addition to a 220KV switch station.

Riyadh Racing Season to offer $63m prize money; starts on October 16

Fri, 14 Aug 2026

The 2026 – 2027 Riyadh Racing Season will offer a total of SAR236.3 million ($62.95 million) in prize money across 50 race days over six months, the Jockey Club of Saudi Arabia (JCSA) has announced. Out of this, SAR197.8 million will go towards Major Cups.

Iran says Hormuz under its control, rejects Trump claim

Thu, 13 Aug 2026

The Strait of Hormuz is "under Iran's control and management", the recently appointed head ‌of Iran's Basij paramilitary unit said on Thursday, a day after US President Donald Trump said the United States had "total control" of the strategic waterway.

DP World's revenue for H1 surges 13pc to $12.7bn

Thu, 13 Aug 2026

DP World, a leading provider of smart end-to-end logistics solutions, has reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.

Dubai residential sales rise 2% in July, luxury transactions climb 22%

Thu, 13 Aug 2026

Dubai's residential property market recorded a modest improvement in July, with overall sales transactions rising 2% and total transaction value increasing 3% month-on-month, according to Dubai Land Department (DLD) transaction data.

ADX becomes first MENA exchange to share 'live' data to major AI platforms

Thu, 13 Aug 2026

The Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, has become the first exchange in the MENA region to offer all investors, institutions, developers and market participants access to official “live” ADX market data through conversational AI tools like ChatGPT, Claude, and other large language models (LLMs).

Oil slick reaches Oman coast as Iran signals long war strategy

Thu, 13 Aug 2026

The Middle East conflict is widening into an increasingly complex security, shipping and environmental crisis, with an oil slick from a grounded tanker reaching Oman's coastline just as Iran signals that it may be prepared to sustain its confrontation with the United States for years.

SEVEN opens its new entertainment destination in Tabuk

Sun, 16 Aug 2026

Saudi Entertainment Ventures, a unit of Qiddiya Investment Company, has announced the opening of its second leisure destination, SEVEN Tabuk, an indoor, all-weather entertainment hub in the kingdom, following the launch of its inaugural destination - SEVEN Abha - in the kingdom.

Saipem lands $1.8bn offshore EPCI contract in the Middle East

Sun, 16 Aug 2026

Saipem, a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, has won a key contract worth $1.8 billion to provide engineering, procurement, construction and installation (EPCI) services for an offshore project in the Middle East.

SEVEN opens its new entertainment destination in Tabuk

Sun, 16 Aug 2026

Saudi Entertainment Ventures, a unit of Qiddiya Investment Company, has announced the opening of its second leisure destination, SEVEN Tabuk, an indoor, all-weather entertainment hub in the kingdom, following the launch of its inaugural destination - SEVEN Abha - in the kingdom.

Saudi Ceramics opens new showroom in Jeddah

Sun, 16 Aug 2026

Saudi Ceramics Company, a leading player in the building materials sector, has announced the opening of its newest showroom in the kingdom's Western Province at Jeddah. With this launch, the total number of the Saudi firm's retail showrooms across the kingdom has now risen to 70.

Islamic finance now a 'super connector' for capital, trade: report

Thu, 06 Aug 2026

Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.

Portville starts early handover of 111-unit Masdar City development

Thu, 13 Aug 2026

Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes.

Dr Shamsheer Vayalil named to WEF digital healthcare initiative board

Fri, 14 Aug 2026

Dr Shamsheer Vayalil, Founder, Chairman and Chief Executive Officer of Burjeel Holdings, has joined the Executive Board of the World Economic Forum’s Digital Healthcare Transformation (DHT) Initiative, bringing a health-system operator perspective from the Middle East to a global platform shaping the next phase of healthcare transformation.

Alba boosts Bahrainisation with two key management promotions

Sun, 16 Aug 2026

Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has announced two key promotions in managerial section - S. Abbas S. Baqer has been named Manager Calciner & Marine, while Ali Aseeri has been elevated to the post of Manager Engineering & Projects.

John Abraham named global ambassador for ARMAF's top fragrance brand

Sat, 15 Aug 2026

ARMAF, the global fragrance powerhouse behind one of the world’s most celebrated fragrance collections, has announces acclaimed actor, producer and entrepreneur John Abraham as the global brand ambassador for its Club De Nuit Intense Overdose brand.

Saudi Arabia rolls out insurance cover for crowded venues, high-risk activities

Sun, 16 Aug 2026

Saudi Arabia's Insurance Authority and General Directorate of Civil Defense have launched a third-party cooperative insurance policy covering crowded venues and high-risk activities, as the kingdom moves to strengthen protection for visitors and businesses.

AIREV enters deal with Qualcomm to advance autonomous AI

Thu, 13 Aug 2026

AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies to advance autonomous AI across enterprise and government environments.

Gulf Air unveils special Malaysia F1 Grand Prix package

Sat, 15 Aug 2026

Bahrain's national carrier Gulf Air has announced that it will offer tailored travel packages combining flights, accommodation, airport transfers and race experiences for passengers travelling to capital Kuala Lumpur for the Formula 1 Gulf Air Bahrain Grand Prix 2026 in Malaysia.

PUBG Mobile partners with Do Big Studios to bring Brainrot Royale to WOW

Tue, 11 Aug 2026

PUBG MOBILE, one of the world's most popular mobile games, today announced a new collaboration between its World of Wonder (WOW) platform and UGC games studio Do Big Studios, introducing an all-new experience created exclusively for WOW.

LAVA named Custodian of Expo 2030 Riyadh Master plan

Sun, 16 Aug 2026

LAVA (Laboratory for Visionary Architecture), a global network practice with bases in Germany and Australia, has been appointed Custodian of the Expo 2030 Riyadh Master plan, thus marking a significant new phase as the project transitions into detailed design and implementation stage.

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