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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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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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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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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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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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.
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 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.
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.
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, 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'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.
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).
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.
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, 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.
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 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 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 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, 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.
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.
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'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, 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.
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, 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 (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.
