The UAE economy has shown remarkable resilience to the conflict in the Middle East, supported by strong buffers, timely and well-targeted policy response including by the government and the CBUAE Financial Institution Resilience Package, and the rerouting of oil and other trade flows, an International Monetary Fund (IMF) mission has said.
Read more
Emirates Telecommunications Group Company (e&) has announced the successful completion of the sale of it Vodafone stake to Vega, realising cash proceeds of $5.95 billion.
Read more
Dubai's residential market sales eased to AED84.9 billion ($23.12 billion) in Q2 2026, but prices kept climbing and tenant demand surged 20%, according to new betterhomes data.
Read more
The United States and Iran exchanged a fresh wave of military strikes for a sixth consecutive night, deepening fears of a wider regional conflict as Tehran prepared to expand its pressure on global energy supplies by threatening to shut another critical maritime chokepoint at the entrance to the Red Sea.
Read more
Residential developers are under mounting pressure to meet evolving buyer expectations and stricter sustainability standards while delivering long-term value. As the global construction industry is set to hit $16.1 trillion by 2030, high-performance homes are emerging as a key solution, said an industry expert.
Read more
Dubai Aviation Engineering Projects (DAEP) has selected a consortium of India's Larsen & Toubro (L&T) and Japan's Mitsubishi Corporation to deliver the automated people-mover (APM) system for the $35 billion expansion of Al Maktoum International Airport, said a report.
Halliburton has won a multi-year contract from Saudi oil giant Aramco to deliver integrated stimulation and completion services for unconventional gas development in the kingdom. It builds on the US energy company’s established portfolio backing Aramco’s unconventional programme.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has announced that it has awarded the design and infrastructure development works contract for Al Khobar Downtown, a major mixed-use lifestyle, retail and entertainment destination coming up in the kingdom’s Eastern Province.
Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies.
Saudi Reinsurance Company is set to acquire a strategic 22.5% stake in British company AdA Risk Holding, which owns the operating rights for Syndicate 2024 in the Lloyds insurance market, following the go-ahead from the kingdom’s Insurance Authority.
The value of real estate transactions in Oman rose 5.5% in the first five months of 2026 from a year earlier, driven by higher mortgage activity and a modest increase in property sales, said a report. The total value of real estate traded in the sultanate soared to hit RO1.18 billion ($3.05 billion) by the end of May.
The total value of real estate sector transactions in Sharjah reached approximately AED29.5 billion ($8.03 billion) during the first half of 2026, marking a 9.3 percent increase compared to the same period in 2025.
Oil prices extended gains on Wednesday as fears of a prolonged disruption to energy supplies through the Strait of Hormuz intensified following the United States' reimposition of a naval blockade on Iranian ports and fresh threats from Iran's Islamic Revolutionary Guard Corps (IRGC) to shut down regional oil and gas exports.
The United States intensified its military campaign against Iran on Tuesday, reimposing a naval blockade of Iranian ports, launching another wave of strikes on military targets and warning of attacks on key infrastructure unless Tehran returns to negotiations.
Modon, a major Abu Dhabi-based real estate and lifestyle development company, has announced the complete sell-out of the final phase of Bashayer, its premium waterfront community on Hudayriyat Island, within one day of launch.
Bahrain’s Bapco Energies and its venture arm, BeVentures, are evaluating Small Modular Reactors (SMRs) to meet growing power demands from energy-intensive industries and AI infrastructure, a report said.
Boeing, Lufthansa and Rolls-Royce will soon conduct flight tests of innovations meant to improve fuel efficiency and reduce noise, according to a Boeing statement.
Long-term air freight rates, which were earlier set to fall 5% to 10% in full-year 2026, are, however, now expected to rise 5% to 15%, driven primarily by the supply chain shock caused by the escalation of conflict in the Middle East, said Xeneta, the ocean and air freight rate intelligence solution, in its Air Freight Outlook 2026 Mid-Year Update
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.
UAE developer Damac Properties has announced the launch of the sixth and final tower of Chelsea Residences by Damac - the world’s first football-branded residences located in Dubai Maritime City - following the exceptional sell-out performance of the first five towers.
Burjeel Medical City (BMC), the flagship facility of Burjeel Holdings, has entered into a clinical and academic collaboration with New York-based Roswell Park Comprehensive Cancer Center, a US National Cancer Institute-designated Comprehensive Cancer Center, to establish a specialised thoracic surgery programme in the UAE.
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.
Saudi-based Cenomi Centers has announced that the developer of its Westfield Riyadh project had secured SAR2.7 billion ($720 million) in finance from Riyad Bank which it will use to fund the lifestyle development's remaining construction costs, including a VIP lounge, a luxury retail wing and tenant fit-out support.
The UAE economy has shown remarkable resilience to the conflict in the Middle East, supported by strong buffers, timely and well-targeted policy response including by the government and the CBUAE Financial Institution Resilience Package, and the rerouting of oil and other trade flows, an International Monetary Fund (IMF) mission has said.
Emirates Telecommunications Group Company (e&) has announced the successful completion of the sale of it Vodafone stake to Vega, realising cash proceeds of $5.95 billion.
FREELANDER, a British premium intelligent all-terrain brand co-developed by Chery and Jaguar Land Rover, has unveiled the full exterior colour palette of the FREELANDER 8 and introduced its Super Intelligent Valet Parking (SIVP).
The 2027 edition of the Sony Future Filmmaker Awards is now open for submissions and free for all to enter.
The General Command of the Bahrain Defence Force (BDF) said that its air defence systems successfully intercepted and destroyed several treacherous Iranian aerial attacks on Friday.
