A flydubai passenger flight travelling from Dubai to Tel Aviv made an emergency landing in Saudi Arabia on Wednesday after reporting an incident while en route, with both pilots sustaining injuries, according to Saudi and UAE authorities.
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The UAE's national passenger rail network enters a major new phase on Wednesday with the launch of Etihad Rail services linking Abu Dhabi, Dubai and Fujairah, giving travellers a new intercity alternative to road transport and bringing Dubai into the country's rapidly expanding passenger rail system.
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Brent crude held above $103 a barrel early Wednesday as a sharp recovery in oil flows through the Strait of Hormuz offered some relief to a market still grappling with the effects of the prolonged Iran conflict and uncertainty over the waterway's future.
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GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
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Global financial assets increased by 8.6% in 2025 to a record EUR268.4 trillion ($304.4 trillion), despite a challenging geopolitical and economic backdrop, says a new report.
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Brent crude hovered around $107 a barrel on Tuesday, extending gains as uncertainty over the US-Iran conflict and the future of the Strait of Hormuz continued to keep a substantial risk premium in oil markets.
The Saudi Power Procurement Company has prequalified 13 utility project developers including global players EDF, Kepco, Mitsubishi and Sumitomo as well as regional heavyweights Acwa and Taqa for the third round of Conventional Independent Power Producer (IPP) projects based on CCGT technology.
Kalpataru Projects, a leading Indian construction and engineering major, has announced that its international division has secured a major contract worth over Rs40 billion ($417 million) to provide EPC services for a gas pipeline project in UAE, thus reinforcing its robust track record in the global oil and gas sector.
Oil prices climbed sharply on Monday, with Brent crude rising $2.59 to around $106.90 a barrel, as uncertainty over US-Iran diplomacy renewed concerns about the future of oil shipments through the Strait of Hormuz.
Oil exports through the Strait of Hormuz are rebounding this month despite continued restrictions on shipping, with Saudi Arabia sharply increasing shipments through the strategic waterway after attacks disrupted its main pipeline route to the Red Sea, according to data from energy intelligence firm Kpler.
Tourism’s economic value in the Gulf Cooperation Council reached $254.7 billion in 2025, supporting 4.5 million jobs, as the sector strengthens its contribution to regional economies and expands its presence in the global tourism market, according to GCC-Stat.
Oman is set to deliver 700 new hotel rooms between now and the end of 2026, taking its total inventory to 40,800 keys, according to a property expert. A further 1,500 rooms are in the pipeline for handover next year followed by another 1,600 in 2028, thus taking the sultanate's room inventory to 43,900.
US President Donald Trump has rejected an Iranian proposal to reopen the Strait of Hormuz within seven days and resume nuclear negotiations, dealing a setback to diplomatic efforts to end the seven-month conflict and restore shipping through the vital waterway.
Meraas, a member of Dubai Holding Real Estate, has awarded a contract valued at nearly AED1 billion ($272.3 million) for the construction of 272 new villas and townhouses in Phase 7 of the Nad Al Sheba Gardens residential development. The project is set for completion in Q2 2028.
Diyar Al Muharraq, the leading real estate development company in Bahrain, has signed a strategic deal with Khaleeji Bank at the Innovation Summit in the Social Housing Sector 2026 to provide prospective buyers with flexible financing options to purchase residential plots in Al Nuzha.
Qatar Gas Transport Company Limited (Nakilat) celebrated the naming of its latest LPG/Ammonia carrier at a special ceremony held at HD Hyundai Samho shipyard in South Korea. The 'Energy North' is the first of the six new vessels to enter Nakilat's fleet.
Bahrain's national carrier Gulf Air celebrated the launch of its inaugural flight to Malaysian capital Kuala Lumpur, thus marking the commencement of a new direct air link between the two countries and further expanding its international network ahead of F1 Bahrain Grand Prix 2026.
Qatar Gas Transport Company Limited (Nakilat) celebrated the naming of its latest LPG/Ammonia carrier at a special ceremony held at HD Hyundai Samho shipyard in South Korea. The 'Energy North' is the first of the six new vessels to enter Nakilat's fleet.
GCC capital markets have witnessed significant development in recent years, driven by governments’ efforts to diversify funding sources and deepen capital markets, said top rating agency Fitch, adding the combined market capitalisation of listed equity markets across the Gulf region stands at around $4 trillion.
Moon World Resorts (MWR) has appointed Toronto-based studio BDP Quadrangle as the lead architects across all its Smart City masterplans. This engagement draws on BDP Quadrangle's multidisciplinary approach to architecture, design, and urbanism.
A High-Level Ministerial Majlis and Resilience Dialogue titled ‘From Shock to Resilience: Safeguarding Food Security and Critical Supply Chains Amid Regional Disruptions’ focused on moving from responding to disruptions after they occur to preparing proactively for risks and building resilience.
Bahrain's Labour Fund (Tamkeen) has announced the launch of its enhanced 'Digital Enablement and AI Program' that is aimed at accelerating the digital transformation journey of Bahraini enterprises across various sectors while expanding growth opportunities to businesses.
Key Mavens, a Dubai-based boutique luxury developer, has signed a strategic partnership agreement with Lulu Retail to operate the primary commercial retail space at its prime community destination Le Meryeme - Liwan. Under this deal, LuLu Hypermarket will open as a core anchor tenant.
Dar Global, the London-listed luxury international real estate developer, has recorded solid results for the first half, with a 66% jump in its revenue which rose to $258 million over $155.4 million last year mainly driven by the group’s projects across its diversified portfolio in the GCC, Europe and UK.
Bahrain's Labour Fund (Tamkeen) has announced the launch of its enhanced 'Digital Enablement and AI Program' that is aimed at accelerating the digital transformation journey of Bahraini enterprises across various sectors while expanding growth opportunities to businesses.
Bahrain's national carrier Gulf Air celebrated the launch of its inaugural flight to Malaysian capital Kuala Lumpur, thus marking the commencement of a new direct air link between the two countries and further expanding its international network ahead of F1 Bahrain Grand Prix 2026.
CABSAT and SATExpo will take place from October 5 to 7, 2026 bringing together international leaders across media, content, broadcast, Pro AV, satellite communications and space technology.
The UAE has emerged as one of the world's most competitive urban destinations, with Abu Dhabi and Dubai placed at the top of global benchmarks, says a report.
