US President Donald Trump on Sunday announced that the US Navy would immediately begin blockading the Strait of Hormuz, sharply escalating tensions after marathon talks with Iran collapsed without a deal to end the war, leaving a fragile two-week ceasefire hanging in the balance.
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Saudi Royal Commission for Jubail and Yanbu has announced that its total investments in the industrial cities hit more than SAR1.5 trillion ($400 billion) by the end of 2025. The country’s flagship industrial hubs, Jubail is focused on petchem and heavy industry, while Yanbu serves as the refining and downstream sector.
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The US and Iran failed to reach an agreement after marathon 21-hour talks in the Pakistani capital Islamabad throwing the two-week Middle East ceasefire into doubt.
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DIAFA, the Abu Dhabi-based luxury investment platform and a IHC unit, has acquired a majority stake in the hospitality portfolio of British businessman Richard Caring. The deal estimated at $1.8 billion includes some of the UK’s iconic brands such as Ivy restaurants chain and private members’ club Annabel’s.
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Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
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Listed companies in the Abu Dhabi Securities Exchange (ADX), one of the 20 largest stock exchanges by market capitalisation, extended their sustained growth as total net profit increased 17% year on year to over AED200 billion ($54.46 billion).
Dubai has restricted foreign airlines to just one daily flight to its airports until May 31 due to the Iran crisis, a Reuters report said citing a Federation of Indian Airlines (FIA) letter.
Elsewedy Electric Power Systems Projects said it is implementing a portfolio of six high voltage power substations across various the kingdom in collaboration with Saudi Electricity Company and National Grid Company. These projects have a voltage levels ranging between 110 and 115 kilovolts.
Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, is introducing a targeted package of temporary economic support measures to assist its business and retail community as the region emerges from the current environment.
Iran continued its near-total blockade of the Strait of Hormuz despite US President Donald trump saying Tehran must allow oil to go through the waterway.
The UAE's banking sector achieved regional leadership with assets valued at AED5.4 trillion ($1.47 trillion) in 2025, supported by a 17.9% growth in the credit portfolio and a 16.2% increase in deposits, said the Central Bank of the United Arab Emirates' 2025 annual report.
Attacks on Saudi energy facilities have cut the kingdom's oil production capacity by around 600,000 barrels per day and throughput on its East-West Pipeline by about 700,000 bpd, Saudi Press Agency reported, citing an official source at the Ministry of Energy.
Following the recent announcement from Bahrain Civil Aviation Affairs regarding the reopening of the of airspace of the Bahrain, Gulf Air, the national carrier of the kingdom, resumed its operations from Bahrain International Airport after 40 days of airspace closure with its inaugural flight to Riyadh.
British Airways said it will reduce services across key Middle East routes when operations resume, citing continued uncertainty over regional airspace. Flights to Dubai, Doha and Tel Aviv will be cut to one daily service from July 1, while Riyadh frequencies will fall from two daily flights to one from mid-May. Jeddah is being dropped from the network altogether.
Bahrain Real Estate Investment Company (Edamah) is set to begun beach enhancement works at Bilaj Al Jazayer as part of the project's first phase. Spanning over 80,000 sqm, the Phase I will deliver a lifestyle-led beachfront, including enhancing the shoreline with shaded walkways, sports and outdoor fitness areas.
Saudi Royal Commission for Jubail and Yanbu has announced that its total investments in the industrial cities hit more than SAR1.5 trillion ($400 billion) by the end of 2025. The country’s flagship industrial hubs, Jubail is focused on petchem and heavy industry, while Yanbu serves as the refining and downstream sector.
GCC Secretary-General Jasem Albudaiwi said rising regional tensions are a major test for member states’ stability and vital sectors, warning tourism could fall by 8–19 million visitors, risking $13–$32 billion in losses.
US President Donald Trump on Sunday announced that the US Navy would immediately begin blockading the Strait of Hormuz, sharply escalating tensions after marathon talks with Iran collapsed without a deal to end the war, leaving a fragile two-week ceasefire hanging in the balance.
Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
Bahrain Real Estate Investment Company (Edamah) is set to begun beach enhancement works at Bilaj Al Jazayer as part of the project's first phase. Spanning over 80,000 sqm, the Phase I will deliver a lifestyle-led beachfront, including enhancing the shoreline with shaded walkways, sports and outdoor fitness areas.
The Women's Pavilion at Expo City Dubai, in partnership with Meem Foundation, American Hospital Dubai and PeriCare, has launched Her Health Majlis – an ongoing wellness series offering accessible, stigma-free education on women's health.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
Israel's war with Iran incurred 35 billion shekels ($11.52 billion) in budgetary expenses, with 22 billion shekels of that going to defence, the Finance Ministry said on Sunday, citing a preliminary estimate.
Meta Platforms has launched its debut AI model Muse Spark, thus marking the first release from the company's Superintelligence group. Designed to boost Meta's products, Muse Spark is a compact yet powerful model capable of complex reasoning in various fields, including science and math.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
The US and Iran failed to reach an agreement after marathon 21-hour talks in the Pakistani capital Islamabad throwing the two-week Middle East ceasefire into doubt.
