Dubai’s massive expansion of Al Maktoum International Airport has moved forward with the award of a major contract for an Automated People Mover (APM) system that will connect key areas of the new airport as part of its first phase of development.
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Oil prices remained near their highest level in more than three weeks on Friday as the deadlock over the Strait of Hormuz and a sharp escalation in US economic pressure on Iran raised fresh concerns about global energy supplies.
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Dubai’s real estate sector recorded strong growth during the first half of 2026 with a total of 104 projects completed, compared to 75 during the first half of 2025, representing an increase of more than 38.7%.
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Uber Technologies has announced that Baidu’s fully driverless Apollo Go vehicles are officially available to riders on the Uber platform in Dubai, with New Horizon Luxury Transport serving as the fleet operator.
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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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Parkin Company has signed an agreement with Modon Misr for Asset & Facility Management, Mwasalat Misr and Redcon Properties to explore opportunities for collaboration in developing parking management and smart mobility solutions in Egypt, thus marking its first entry into the Egyptian market.
SOHAR Port and Freezone, Oman's integrated port and freezone, has delivered sustained operational performance during the first half of 2026, recording total cargo throughput of 52 million metric tons, a 52% increase compared with the same period last year.
Swedish industrial technology company Statetron has announced plans to develop a 10-hectare industrial facility in Qatar combining artificial intelligence (AI), robotics, energy storage and autonomous logistics in a manufacturing system designed to scale to multi-gigawatt capacity.
Saudi Water Authority (SWA) said its operational unit has entered into an agreement to transfer the management and supervisory responsibilities for a portfolio of desalination plants to Al Holol Water Desalination Company, covering facilities that use groundwater and surface water.
Saudi Arabia will start implementing a 70% localisation in project management professions in the private sector starting from February next year, said a report. The move, aimed at boosting the locals' participation in the labour market, is in line with the objectives of Saudi Vision 2030.
Air Arabia, the Middle East and North Africa’s first and largest budget carrier operator, today announced the launch of its new daily non-stop service between Sharjah and Frankfurt, strengthening air connectivity between the UAE and Germany.
The UAE has said that all trade, commercial exchanges, and financial transactions with Iran have been halted until further notice in light of regional escalations that undermine regional and international peace and security.
Iran appears to be losing significant control over the Strait of Hormuz as commercial vessels increasingly use an Omani shipping route despite Tehran’s warnings, while US President Donald Trump has ruled out any current or planned negotiations with Iran, adding to uncertainty over the strategic waterway and pushing oil prices higher.
Saudi-based Arabian Drilling has announced that it has signed a contract with a new client in the GCC, thus marking its entry into a new Gulf market. The deal follows the early completion of its first international offshore drilling contract and the redeployment of the jack-up rig to another GCC country.
The majority of homes currently under construction in Dubai have already been sold, with a new report showing absorption rates of 90%-100% for thousands of apartments and villas to be completed this year.
Oil prices remained near their highest level in more than three weeks on Friday as the deadlock over the Strait of Hormuz and a sharp escalation in US economic pressure on Iran raised fresh concerns about global energy supplies.
Air Arabia, the Middle East and North Africa’s first and largest budget carrier operator, has announced the launch of four weekly non-stop flights between Sharjah International Airport (SHJ) and Katowice International Airport (KTW), starting December 17, 2026.
DP World has moved 500,000 twenty-foot equivalent units (TEUs) across the GCC through its road and rail network since March this year, giving customers more routing options amid disruption to regional shipping routes.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Mazad, Bahrain’s leading digital auction and marketplace platform and a Mumtalakat portfolio company, has launche a new curated collection bringing various luxury names to the auction platform.
A team of scientists at Washington University School of Medicine in St. Louis has identified a neural mechanism capable of switching off chronic neuropathic pain caused by nerve damage. The discovery centres on mu opioid receptors located within a brain region that helps regulate stress and alertness.
Saudi Arabian Refineries Company (SARCO) has announced that its key subsidiary Raya Al Tajdeed has secured a contract from a multinational education company for the construction and finishing works of its prime projects in the capital Riyadh.
The global retail media market continues to grow and evolve, with ad investment projected to surpass $200 billion this year and reach $223 billion by 2027, according to a new report. However, growth is slowing towards single digits, as retail media networks look to meet ambitious targets.
Fintech Galaxy has announced that it has received In-Principle Approval (IPA) from the Central Bank of the United Arab Emirates (CBUAE) to operate as an Open Finance provider in the UAE.
stc Bahrain, a digital enabler, has appointed Khalid Alia as Chief Digital and Customer Experience Officer, as part of the company’s strategy to accelerate its digital growth and deliver more seamless, customer-centric experiences.
Uber Technologies has announced that Baidu’s fully driverless Apollo Go vehicles are officially available to riders on the Uber platform in Dubai, with New Horizon Luxury Transport serving as the fleet operator.
Exhibition World Bahrain (EWB) has been named “Best Venue More Than 10,000 sq m” at the Middle East Event Awards 2026, further cementing its position as one of the region’s leading destinations for exhibitions, conferences, conventions, and major events.
The UAE has rejected what it described as false information and “desperate media campaigns” targeting the country, including claims that it was cancelling labour residencies and providing financial facilities to Iran.
