$5bn BENEFIT TO UK

GCC, Britain enter historic trade deal, 'qualitative leap' in economic ties

Wed, 20 May 2026

The Gulf Cooperation Council (GCC) and Britain concluded negotiations on a free trade agreement on Wednesday, in what officials described as a landmark deal expected to deepen economic ties and deliver significant benefits to both sides.

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ANALYSIS

KSA real estate sees measured growth, market repositioning in Q1

Wed, 20 May 2026

Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said.

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4m ATTENDANCE TARGETED

Dubai aims to double sports sector's share in GDP to $5bn

Wed, 20 May 2026

Dubai is aiming to cement its position as one of the world’s leading sports destinations under an ambitious strategy that seeks to nearly double the sector’s contribution to the emirate’s economy from AED10.17 billion ($2.77 billion) to AED18.3 billion ($4.98 billion) by 2033, while dramatically expanding participation and spectator attendance.

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NO SRRENDER, SAYS IRAN

New hopes of breakthrough in US-Iran conflict

Wed, 20 May 2026

Hopes of a breakthrough in efforts to end the US-Israeli conflict with Iran rose after President Donald Trump and Vice President JD Vance struck an optimistic tone, suggesting that negotiations with Tehran were making significant progress and that a deal to halt hostilities could be within reach.

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SPOTLIGHT

Why Dubai is emerging as the global capital of physical gold trading

Mon, 18 May 2026

Dubai is rapidly evolving beyond its traditional reputation as the “City of Gold”, with industry leaders now suggesting the UAE could emerge as one of the world’s most influential centres for physical gold trading, compliant bullion transactions, and potentially even future pricing power.

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Top This Week

Gulf Air restores 75pc global network as travel demand rebounds

Mon, 18 May 2026

Bahrain's national carrier Gulf Air has announced a near-full return to normal operations, with 75% of its global network reinstated. Over the past several weeks, the airline has resumed services across the Middle East, Europe, India and Africa, thus reconnecting an increasing number of passengers through Bahrain.

Global water tech firm Gradiant hits $2bn valuation in Series E funding

Mon, 18 May 2026

Gradiant, a leader in advanced wastewater solutions, said it had raised a Series E funding round valuing the firm at $2 billion, amid rapid growth in AI infrastructure, semiconductor manufacturing. The new investment supports strategic merger and acquisition, next-generation research as well as IPO readiness.

Asyad in deal to build business complex at Muscat Airport Free Zone

Mon, 18 May 2026

Oman's Asyad Group has signed its first usufruct agreement with Nama Real Estate for the construction of a commercial complex within the Muscat Airport Free Zone. Spanning 25,000 sq m area, the key facility will boast smart offices and hitech workspaces designed to serve both regional and global companies.

Aramco, Pasqal launch Saudi Arabia’s first quantum computer

Mon, 18 May 2026

Aramco, one of the world's leading energy and chemicals companies, in partnership with Pasqal, a global leader in neutral-atom quantum computing, on Monday officially inaugurated Saudi Arabia’s first quantum computer.

Iran sends revised peace proposals to US via Pakistan

Mon, 18 May 2026

Pakistan has conveyed to the United States a revised Iranian proposal aimed at ending the Middle East conflict, a Pakistani source told Reuters on Monday, after US President Donald Trump rejected Tehran’s earlier plan as unacceptable.

Emirates breaks ground on $5.1bn massive MRO complex

Mon, 18 May 2026

Emirates has broken ground on its new $5.1 billion engineering complex at Dubai South slated to become the world’s most modern and advanced maintenance, repairs and overhaul (MRO) facility, cementing Emirates' and Dubai's leadership in global aviation capability and infrastructure.

SAB Invest becomes first market maker for ETFs on Saudi Exchange

Mon, 18 May 2026

SAB Invest, the investment arm of Saudi Awwal Bank (SAB), has announced its official registration by the Saudi Exchange (Tadawul) as the first ETF market maker in the Kingdom.

BlueFive Capital acquires 49pc Massar stake from Taqa

Mon, 18 May 2026

BlueFive Capital, a global alternative investment platform, has announced it has completed the acquisition of a 49% equity stake in Massar Solutions from Abu Dhabi National Energy Company (Taqa). Following the deal, Solutions+, a UAE-based consulting company, will retain the remaining 51% ownership stake.

Taiba Investment, Osool enter $640m deal to develop three hotels in Madinah

Mon, 18 May 2026

Taiba Investment Company has signed a final partnership agreement with Osool Integrated Real Estate Company to develop, refurbish and operate three hotels in the central area of Madinah in a project valued at SAR2.4 billion ($640 million), strengthening the city’s hospitality infrastructure as Saudi Arabia expands accommodation capacity for pilgrims under Vision 2030.

Dubai residential market sees $38.34bn Q1 transactions, trophy home sales surge

Wed, 20 May 2026

Dubai’s residential property market maintained its strong momentum in the first quarter of 2026, with transaction values reaching AED140.8 billion ($38.34 billion) despite regional geopolitical uncertainty and the seasonal slowdown associated with Ramadan, according to a new report by Morgan’s International Realty.

Oman firms team up on EV charging, alternative fuels MoU

Wed, 20 May 2026

OQ Base Industries and Oman Oil Marketing Company signed an MoU to collaborate on alternative energy, including solar power, EV charging infrastructure, biofuels, and methanol fuel blending, supporting Oman’s energy transition and sustainability goals.

Emirates completes first-ever retrofit of two-class A380 aircraft

Wed, 20 May 2026

Emirates has reached a milestone in its ambitious multi-billion dollar retrofit programme with the successful reconfiguration of its first two-class A380 aircraft.

GCC, Britain enter historic trade deal, 'qualitative leap' in economic ties

Wed, 20 May 2026

The Gulf Cooperation Council (GCC) and Britain concluded negotiations on a free trade agreement on Wednesday, in what officials described as a landmark deal expected to deepen economic ties and deliver significant benefits to both sides.

KSA real estate sees measured growth, market repositioning in Q1

Wed, 20 May 2026

Saudi Arabia’s real estate market experienced strategic recalibration, steady structural demand drivers, and continued investor confidence despite a more complex regional economic backdrop in the first quarter of this year, a report said.

New indoor destination Leo & Loona Kids Park opens in Bahrain

Thu, 14 May 2026

Leo & Loona Kids Park has opened at The Avenues Mall Bahrain, introducing one of the region’s leading indoor family entertainment concepts to the Kingdom.

GymNation secures $100m investment from BlackRock unit

Tue, 19 May 2026

GymNation, an upcoming gym operator, has secured a $100 million private credit facility from certain funds and entities controlled by HPS Investment Partners, a part of global asset manager BlackRock, in one of the first regional investments of its size since the Iran conflict commenced.

Aramex names top executive for Eastern region markets

Mon, 18 May 2026

Aramex, a leading global provider of logistics and transportation solutions, has appointed Archer Fu as its new Senior Vice President (SVP) East. In his new role, Fu will play a pivotal role in driving the company’s growth strategy across the Eastern region, covering Oceania, North Asia and South East Asia.

Magrabi Retail to acquire majority stake in Baraka Optics Group

Tue, 19 May 2026

Magrabi Retail, a leading eyewear retailer in the Middle East, has announced the proposed acquisition of 51% of the issued share capital of the Baraka Optics Group, one of the largest premium optical retail chains in Egypt.

Gordian Capital secures DFSA approval to establish presence at DIFC

Wed, 20 May 2026

Global investor services group IQ-EQ today announced that its subsidiary Gordian Capital (Gordian) has achieved regulatory approval to expand its institutional cross-border fund platform and fund solutions offering into Dubai from its new office at Dubai International Financial Centre (DIFC).

Batelco by Beyon launches new ‘Postpaid World’ package

Tue, 19 May 2026

Batelco by Beyon, a leading provider of innovative telecommunications and digital services in Bahrain that connects and empowers people, has introduced ‘Postpaid World’, a new offering that enables customers to use their data and minutes both locally and internationally as part of a single plan.

Bolt expands ride-hailing service into Abu Dhabi

Mon, 18 May 2026

Dubai Taxi Company (DTC), a leading provider of mobility services in Dubai, and its strategic partner Bolt today announced the entry of Bolt’s ride-hailing services in Abu Dhabi, marking a significant step in the partnership’s expansion across the UAE.

Bahrain’s Fablemill joins Goldfinch to power Mideast film industry growth

Mon, 18 May 2026

Fablemill, a Bahraini production company, has joined forces with London-based Goldfinch International to launch a bold new platform supporting the growth of film, TV and creative industries in the region. It is tailored to help creative industries scale through smarter policy development and support for local creative projects.

New hopes of breakthrough in US-Iran conflict

Wed, 20 May 2026

Hopes of a breakthrough in efforts to end the US-Israeli conflict with Iran rose after President Donald Trump and Vice President JD Vance struck an optimistic tone, suggesting that negotiations with Tehran were making significant progress and that a deal to halt hostilities could be within reach.

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