Regional diplomatic efforts to ease the crisis around the Strait of Hormuz appeared to stall on Monday after a meeting between Iran and other Gulf countries was postponed, as fresh attacks on shipping and Saudi Arabia's closure of a key oil pipeline heightened concerns over global energy supplies.
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International developer VA Group has announced that it has secured long-term land rights in Oman’s historic Muttrah waterfront, to develop an 18.5-hectare mixed-use project, featuring a mix of residences, leisure and retail facilities within the Port Sultan Qaboos Waterfront Masterplan.
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Global oil markets face a fresh supply shock after Saudi Arabia shut down its 1,200-km East-West Pipeline following multiple drone attacks, as continuing attacks on shipping in the Strait of Hormuz and a widening Houthi offensive in the Red Sea threaten to disrupt vital energy routes on both sides of the Arabian Peninsula.
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Anthropic CEO Dario Amodei has called for a slower and more tightly regulated pace of artificial intelligence development, warning that the rapid acceleration of AI capabilities is beginning to outstrip the industry’s ability to understand, test and control increasingly powerful systems.
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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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Dubai Healthcare City (DHCC) has announced the groundbreaking of its AED3 billion ($816 million) master-planned residential development - Dubai Creek Gardens - which on completion will boast over 1,400 residences alongside curated retail and dining offerings.
Qatar-based Estithmar Holding said one of its key units has secured a SAR829 million ($221 million) mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, a flagship Saudi giga-project and a designated venue for FIFA World Cup 2034. The scope of work includes building management system and HVAC services.
Abu Dhabi-based International Holding Company (IHC) and India’s Adani Group have signed a memorandum of understanding (MoU) with the Government of Odisha for 14 projects covering trade and the development of a port, with an investment outlay of $22 billion (IN₹2,10,500 crore).
Alfa Laval, a global leader in heat transfer, separation, and fluid handling, has launched its ‘Made in Saudi’ assembly line for heat exchangers.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a contract valued at KD111.05 million ($359 million) for delivering engineering, procurement and construction (EPC) of tanks for Kuwait Oil Company‘s Jurassic Light Oil export facilities.
Abu Dhabi-based EDGE Group has announced the successful completion of Factory Acceptance Trials (FAT) for six Anavia HT-100 Naval unmanned helicopters, which have now been successfully delivered to the Angolan Navy under the landmark €1 billion ($1.2 billion) naval programme including three corvettes.
ROX, a premier international AI technology company focused on outdoor lifestyle and adventure. has started vehicle production at its newly completed manufacturing centre in Abu Dhabi, marking a step forward in the company’s global expansion.
Samsung E&A has secured a major engineering, procurement and construction services contract worth $3.46 billion from Sabic Agri-Nutrients Company (formerly Saudi Arabian Fertilizer Company - Safco) for its integrated industrial complex. The project commissioning is targeted for Q3 2030.
Abu Dhabi-based Mubadala Investment Company has announced a significant minority investment in Luckin Coffee, alongside Centurium Capital, the company’s controlling shareholder, in a deal worth $1 billion. The investment comes as China’s coffee market continues to expand.
The fourth edition of the Jeddah International Building Exhibition (Jibex) opens this week drawing more than 300 exhibitors from local and international companies representing investment, commercial, and industrial sectors.
Etihad Water and Electricity (EtihadWE) has announced that it has signed an agreement with German industrial major Siemens Energy for the supply of gas and steam turbines for the Al Zawra Combined Cycle Gas Turbine (CCGT) power project coming up in Ajman, UAE.
International visitors to Saudi Arabia are staying longer, spending more and increasingly turning to artificial intelligence and digital payment tools throughout their travel journey, according to Visa’s Global Travel Intentions Study.
The Gulf stock markets recorded trading in approximately 401.7 billion shares during 2025 recording a 19.5% jump over the previous year, with the value of shares traded surging to hit $618 billion, according to the latest data released by the GCC Statistical Centre.
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.
International developer VA Group has announced that it has secured long-term land rights in Oman’s historic Muttrah waterfront, to develop an 18.5-hectare mixed-use project, featuring a mix of residences, leisure and retail facilities within the Port Sultan Qaboos Waterfront Masterplan.
The Federal Authority for Government Human Resources of the UAE and Saudi Arabia’s Eastern Health Cluster have won the Grand Stevie Awards.
The Federal Authority for Government Human Resources of the UAE and Saudi Arabia’s Eastern Health Cluster have won the Grand Stevie Awards.
Apple has entered the foldable smartphone race with the launch of the Duo, a passport-sized iPhone with rounded edges that opens into a 7.6-inch display. The new model features a smaller outer screen when folded and is Apple’s thinnest phone when open.
The Gulf stock markets recorded trading in approximately 401.7 billion shares during 2025 recording a 19.5% jump over the previous year, with the value of shares traded surging to hit $618 billion, according to the latest data released by the GCC Statistical Centre.
Saudi-based SAL Logistics Services has signed an agreement with Huawei Tech Investment in a move aimed at boosting collaboration across transportation, logistics, and digital transformation, while exploring opportunities to develop joint solutions and services in the kingdom.
Keolis Group, a global leader in public transport, is marking five years of its partnership with Roads and Transport Authority, a collaboration that began in 2021 when the French group took over responsibility for the operation and maintenance of Dubai Metro and Tram under a 15-year contract.
Qatar-based Estithmar Holding said one of its key units has secured a SAR829 million ($221 million) mechanical package for the Prince Mohammed Bin Salman Stadium in Qiddiya City, a flagship Saudi giga-project and a designated venue for FIFA World Cup 2034. The scope of work includes building management system and HVAC services.
Regional diplomatic efforts to ease the crisis around the Strait of Hormuz appeared to stall on Monday after a meeting between Iran and other Gulf countries was postponed, as fresh attacks on shipping and Saudi Arabia's closure of a key oil pipeline heightened concerns over global energy supplies.
