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.
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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.
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Aramco, one of the world’s leading integrated energy and chemicals companies, and Maaden, one of the world’s fastest‑growing mining companies, on Tuesday announced the signing of a shareholders’ agreement to form a joint venture (JV) to unlock new opportunities in mineral exploration and hard-rock mining in Saudi Arabia.
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Saudi Arabia's Public Investment Fund (PIF) said in 2025 its revenue rose 9% year-on-year to $120 billion, while net profit more than doubled to $17 billion, supported by stronger contributions from maturing portfolio companies.
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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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The UAE banking system’s total assets increased by 17.1 percent to AED5.3 trillion at the end of 2025, while the loan portfolio expanded by 17.8 percent, primarily driven by increased domestic lending, particularly across the retail and private corporate segments.
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.
AD Ports Group today announced that it has received a notification from L’IMAD Holding Company of its intention to submit a voluntary conditional cash offer, through its wholly owned subsidiary Abu Dhabi Developmental Holding Company PJSC (ADQ), to acquire up to 100% of the issued and paid-up share capital of Abu Dhabi Ports Company (AD Ports Group) not already held by ADQ.
The King Abdulaziz International Airport in Jeddah served around 28.55 million passengers on 169,900 flights from the beginning of the year through the end of July, while handling 33.6 million bags.
Shipping through the Strait of Hormuz slowed to a near standstill over the weekend following attacks on tankers, underscoring the growing risks to one of the world's most important energy routes, even as oil prices remained relatively steady amid the lack of progress in US-Iran peace talks.
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.
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.
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.
Oman's OQ Exploration and Production (OQEP) delivered strong results for the first half of this year, with higher production and stronger oil prices, driving double-digit growth in revenue, EBITDA and net profit, while it continued to invest in its growth strategy.
UAE's PropTech sector is poised for solid growth over the coming years with the market set to hit AED5.95 billion ($1.6 billion) by 2032 with a CAGR of 13.28% between 2026 and 2032, thanks mainly to Virtual Reality and Augmented Reality technologies that are driving this evolution, said a report.
The Iraqi government approved the mechanisms for exporting Iraqi oil through specialised international and local companies and via various outlets, with contracts to be concluded for a period of three months starting September 1, 2026.
Preparations for the 2026 World Triathlon Multisport Championships Abu Dhabi have reached a major milestone, with organisers unveiling spectacular race routes and confirming growing international participation as momentum builds towards one of the world's largest multisport events.
Dubai Chambers has announced that it has signed an agreement with India's National Association of Software and Service Companies (Nasscom) to advance co-operation in Agentic AI and support the growth and expansion of Indian companies specialising in these technologies in Dubai.
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.
European real estate developer R.Evolution is expanding EYWA from a collection of flagship developments into a global longevity-led regenerative real estate brand. This comes following the successful launch of its landmark projects in Dubai and Spanish city Barcelona.
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.
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.
Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has signed a deal with Saudi Downtown Company, a Public Investment Fund (PIF) company, for the leasing and operation of a premium mall within the Al Madinah Downtown project for 25 years.
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.
Dubai Chambers has announced that it has signed an agreement with India's National Association of Software and Service Companies (Nasscom) to advance co-operation in Agentic AI and support the growth and expansion of Indian companies specialising in these technologies in Dubai.
RM Sotheby’s, the world’s largest collector car auction house by total sales, has announced the sale of the exclusive Ferrari Luce Tailor Made, “Chassis 0,” for $40 million during The Monterey Auction, with 100 percent of the proceeds benefiting charitable initiatives through The Ferrari Foundation.
Diriyah Art Futures (DAF), an asset of the Museums Commission under the Saudi Ministry of Culture, has announced the lineup for CONTINUUM ‘26, an exhibition celebrating the creative output of the participants in its second Emerging New Media Artists Programme.
President Donald Trump has threatened military action against Oman if the US ally obstructs Washington’s efforts to negotiate with Iran over the reopening of the Strait of Hormuz, adding a new and potentially destabilising dimension to efforts to restore shipping through the strategic waterway.
