NEW SHOCK FOR GLOBAL MARKETS

US tariff shock for 60 trading partners; Gulf states among hit

Fri, 24 Jul 2026

The United States has imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 major trading partners, including several Middle Eastern countries, after concluding that they had failed to take sufficient action to prevent goods produced with forced labour from entering their markets.

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BARCELONA MOST SEARCHED CITY

Dubai tops most photographed cities list; Burj Khalifa most tagged landmark

Fri, 24 Jul 2026

With an Instagrammability score of 100, Dubai tops the ranking of the most photographed cities in the world. It has been tagged 147 million times on Instagram and more than 43 million times on TikTok, says a report.

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'FROZEN ASSETS WILL PAY FOR DAMAGES'

Houthis warned of 'major military punishment' as Red Sea attacks send oil above $100

Fri, 24 Jul 2026

US President Donald Trump has threatened "major military punishment" against Iran and Yemen's Houthi movement after two Saudi oil tankers were attacked in the Red Sea, as fears of a widening threat to global shipping pushed oil prices above $100 a barrel for the first time since May.

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'NO ENRICHMENT OF MATERIAL'

Trump says Saudi must join Abraham Accords for US nuclear deal

Fri, 24 Jul 2026

US President Donald Trump has thrown the future of a newly signed civilian nuclear cooperation agreement with Saudi Arabia into uncertainty by declaring that it will take effect only if the kingdom normalises relations with Israel, a condition that was not publicly attached to the deal when it was signed.

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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

Houthi attacks two tankers, Trump threatens to hit Iran infrastructure

Thu, 23 Jul 2026

Concerns over the security of global shipping lanes intensified on Thursday after Yemen's Iran-backed Houthi movement claimed attacks on two Saudi oil tankers in the Red Sea, while US President Donald Trump warned he would retaliate against any Iranian attempt to target commercial vessels transiting the Strait of Hormuz.

Alef sells out first phase of $1.1bn Sharjah waterfront development

Wed, 22 Jul 2026

UAE-based Alef Group has announced the successful sell-out of Phase One of Linar, a AED4 billion ($1.1 billion) waterfront residential development in Al Mamzar comprising Towers A, B and C. Following exceptionally strong demand, Alef has now released Towers D and E for sale.

DP World in deal to develop two multipurpose container ports in Fujairah

Wed, 22 Jul 2026

DP World has announced that it has entered into a 50-year concession agreement to develop two multipurpose container ports in Fujairah. Once operational, the development will boost DP World's total container handling capacity in the UAE to almost 22 million TEUs from 19.4 million TEUs.

Trump approves landmark nuclear cooperation deal with Saudi Arabia

Wed, 22 Jul 2026

US President Donald Trump has approved a 30-year civilian nuclear cooperation agreement with Saudi Arabia that could eventually allow the kingdom to enrich uranium for its nuclear energy programme under a modified oversight framework, CNN reported, citing two US officials and a source familiar with the matter.

Havelock One Interior wins Kuwait mall interior renovation contract

Wed, 22 Jul 2026

Havelock One Interiors, a leading fit-out contractor in the GCC, has announced that it has been appointed by Kuwait-based Tamdeen Group to deliver the interior renovation of its key retail destination 360 Mall at Al Zahra. The entire revamp programme will be delivered in four phases.

Tamkeen, M42 tie-up for healthcare training initiatives, launch Amana Academy

Wed, 22 Jul 2026

Bahrain’s Labour Fund “Tamkeen” and M42, a global health leader powered by AI, advanced technology and genomics, have signed a memorandum of understanding to explore areas of collaboration aimed at creating promising opportunities for Bahraini talent and driving innovation in the healthcare sector.

Abu Dhabi's MGX, partners acquire US data centre operator in $40bn deal

Wed, 22 Jul 2026

Abu Dhabi-based AI investment firm MGX and a consortium including the Artificial Intelligence Infrastructure Partnership (AIP) and BlackRock's Global Infrastructure Partners (GIP) have completed the acquisition of US data centre operator Aligned Data Centres in a deal valued at about $40 billion.

ADNOC awards $5.1bn EPC contracts for gas plant expansion

Wed, 22 Jul 2026

Abu Dhabi National Oil Company has awarded EPC contracts worth $5.1 billion for the development of the Umm Shaif Gas Cap in the emirate, marking the final investment decision on the project, that is expected to unlock over 600 million standard cu ft per day of natural gas by 2030.

Aldar unveils AED100bn Abu Dhabi mega waterfront development

Wed, 22 Jul 2026

Aldar has launched its landmark AED100 billion ($27.2 billion) waterfront development - Marsa Al Saadiyat - on a 6.4-million-sq-m area in Abu Dhabi featuring private mansions, luxury villas, waterfront apartments and branded residences set along an 8-km coastline with 5.6 km of pristine beaches and other world-class amenities.

Union Properties Q2 revenue jumps 69%, firm enters new phase of growth

Fri, 24 Jul 2026

Union Properties has announced another strong set of financial results for the second quarter and first half of 2026, marking an important milestone in the company's transformation from financial restructuring to sustainable growth.

Houthis warned of 'major military punishment' as Red Sea attacks send oil above $100

Fri, 24 Jul 2026

US President Donald Trump has threatened "major military punishment" against Iran and Yemen's Houthi movement after two Saudi oil tankers were attacked in the Red Sea, as fears of a widening threat to global shipping pushed oil prices above $100 a barrel for the first time since May.

Some flights to Bahrain, Kuwait cancelled

Fri, 24 Jul 2026

Several Gulf carriers have cancelled their flights to a few destinations, including some services to Bahrain, due to the ongoing regional situation, affecting many passengers planning to travel for the summer holiday, a GDNonline report said.

US tariff shock for 60 trading partners; Gulf states among hit

Fri, 24 Jul 2026

The United States has imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 major trading partners, including several Middle Eastern countries, after concluding that they had failed to take sufficient action to prevent goods produced with forced labour from entering their markets.

AI hiring gains pace in Gulf, though most industries lag

Thu, 16 Jul 2026

The share of professional job vacancies in the Gulf requiring artificial intelligence (AI) skills has nearly tripled over the past four years, but for much of the region's economy the technology has yet to make a meaningful impact on hiring, according to data from Middle East recruitment platform GulfTalent.

‘Sentient cities’ the next frontier in urban development, says experts

Thu, 23 Jul 2026

The future of urban development lies in building "sentient cities" that place residents at the centre of planning and decision-making, said experts at the World Governments Summit Organisation, calling for a shift from technology-driven urban planning to a more human-centred approach.

Tamkeen, M42 tie-up for healthcare training initiatives, launch Amana Academy

Wed, 22 Jul 2026

Bahrain’s Labour Fund “Tamkeen” and M42, a global health leader powered by AI, advanced technology and genomics, have signed a memorandum of understanding to explore areas of collaboration aimed at creating promising opportunities for Bahraini talent and driving innovation in the healthcare sector.

Saudi Arabia embeds AI literacy into national strategy to achieve economic goals

Tue, 21 Jul 2026

Saudi Arabia is embedding AI literacy into its national strategy to support economic growth, workforce upskilling, and responsible AI adoption, according to a new report.

Anjali Precious Metals launches digital platform for gold, silver buying

Thu, 23 Jul 2026

Anjali Precious Metals, one of the UAE's renowned family-owned precious metals businesses, has announced the launch of Anjali Digital Metals, a premium mobile platform that marks the company's entry into the digital investment space after more than 23 years of serving customers across the UAE.

US tariff shock for 60 trading partners; Gulf states among hit

Fri, 24 Jul 2026

The United States has imposed fresh tariffs ranging from 10% to 12.5% on imports from 60 major trading partners, including several Middle Eastern countries, after concluding that they had failed to take sufficient action to prevent goods produced with forced labour from entering their markets.

Beyon ranked third among Middle East’s best workplaces in technology

Thu, 23 Jul 2026

Beyon has been ranked third among the Best Workplaces in Technology in the Middle East for 2026, according to Great Place to Work Middle East, in recognition of its commitment to fostering a workplace culture that empowers employees and drives innovation.

Dubai Taxi Company posts $272m H1 revenue, conflict impacts results

Fri, 24 Jul 2026

Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the UAE, said DTC maintained resilient operations during Q2 2026 and H1 2026 despite a challenging operating environment across much of the quarter.

Abu Dhabi Showdown Week kicks off with action-packed fan experiences

Mon, 20 Jul 2026

UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).

Dubai Police identifies 36 future security challenges with experts from 30 countries

Fri, 24 Jul 2026

The Future Foresight Centre at Dubai Police has prepared an advanced foresight study—drawing on the expertise of 507 international security specialists from 30 countries — to shape the future of policing by monitoring and analysing 36 future security challenges.

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