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.
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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.
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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.
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Ohana Development, a leading UAE real estate developer, has officially broken ground on Manchester City Yas Residences by Ohana, its AED15 billion ($4.08 billion) gated waterfront community located on Yas Canal in Abu Dhabi.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Saudi Arabia Railways has signed an agreement with the Swiss Export Risk Insurance SERV and KfW IPEX-Bank, Commerzbank and UBS Switzerland to finance the purchase of 10 new passenger trains from Swiss manufacturer Stadler. The purchase is part of SAR’s strategic plans to boost its passenger fleet.
The ocean economy is valued at $2.6 trillion, making it the world’s fifth-largest economy if considered a country, said a new report, adding that the sector had doubled in real terms over the past 25 years, with gross value added rising from $1.3 trillion in 1995 to $2.6 trillion in 2020.
Saudi Arabia Railways has signed agreements with leading international rail companies - Alstom as well as US groups Progress Rail and Greenbrier - for the manufacture and supply of locomotives and freight cars in support of the kingdom's Phosphate 3 expansion project.
Saudi Arabia Railways (SAR) has awarded a major contract to Hitachi Rail for the revamp of the Al Mashaaer Al Muqaddassah Metro Project, thus marking a significant milestone in the ongoing modernisation of railway infrastructure serving the holy sites in the kingdom.
Global utility major Acwa Power has announced that it has secured initial commercial operation certificates from Sidra First Electricity Company in Madinah and Qudra First Electricity Company for key units of its power projects - Taiba 1 and Qassim 1 - in Saudi Arabia that have an initial combined generating capacity of 2,555 MW.
Tecnimont, a leading global contractor for highly complex plants, has joined hands with ADNOC Gas for the groundbreaking of its $4.3 billion Rich Gas Development Phase 3 Project in Abu Dhabi. Once completed in 2030, the plant will reach an output capacity of 8 million tonnes per year.
QYSEA Technology has signed a strategic cooperation MoU with Aramco, marking a new stage in the company's commitment to advancing underwater intelligence and strengthening local service capabilities in the Kingdom.
Microsoft will invest more than $10 billion in capital and operating expenditure in the Middle East through 2030, as the technology giant accelerates its cloud and artificial intelligence infrastructure expansion across Kuwait, Qatar, Saudi Arabia and the UAE.
Iranian President Masoud Pezeshkian used his address to the United Nations General Assembly to send a message to Iran’s Gulf neighbours, saying Tehran’s security must be guaranteed if the wider region is to avoid being drawn into continuing instability.
Saudi Arabia has awarded China’s Gotion High-Tech 6 GWh of capacity under its first utility-scale battery energy storage programme, as part of the $1.16 billion G1 project, thus marking a major step in its drive to expand energy storage capacity and support its Vision 2030 energy transition goals.
Saudi Arabia has awarded China’s Gotion High-Tech 6 GWh of capacity under its first utility-scale battery energy storage programme, as part of the $1.16 billion G1 project, thus marking a major step in its drive to expand energy storage capacity and support its Vision 2030 energy transition goals.
More than 20 million tourists travelled between Gulf Cooperation Council (GCC) countries in 2025, marking a 3.6 percent increase from the previous year, according to a statistical bulletin issued by the Statistical Centre for the GCC (GCC-Stat).
Spanish infrastructure major Acciona said it is contributing its expertise in infrastructure and innovation to RAIL4EARTH, a major European research initiative exploring the future of sustainable and climate-resilient rail - a focus that resonates strongly with the Middle East.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Abu Dhabi-based Burtville Developments has completed the handover of Ville 11, its boutique residential development in Masdar City, featuring 111 residential units with a mix of two- to four-bedroom apartments alongwith a range of thoughtfully planned amenities.
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.
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, marked the launch of its enhanced Code of Conduct at a special ceremony held in the company premises. This represents a key milestone in boosting Alba’s governance framework, mitigating emerging risks and reinforcing a culture of integrity and accountability.
The Entertainer, the Middle East’s established lifestyle membership and rewards platform, has announced a strengthened senior leadership team to lead the next phase of its growth, under the direction of its board and shareholders with the appointment of Abdulla Almoayed as its new Chairman.
The Entertainer, the Middle East’s established lifestyle membership and rewards platform, has announced a strengthened senior leadership team to lead the next phase of its growth, under the direction of its board and shareholders with the appointment of Abdulla Almoayed as its new Chairman.
e& UAE today announced the launch of its secure website hosting service, providing government entities and businesses with locally hosted website infrastructure supported by 24/7 network and security monitoring.
The global debut Bentley’s all-new Torcal has taken place, the car becoming the brand’s fourth model line.
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.
LIVEX 2026, which opens in Abu Dhabi on Tuesday, has announced more than 20 leading organisations as partners for the liveability and investment exhibition, bringing together key players at the forefront of shaping and delivering liveability across the emirate.
