Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.
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Iran and Oman have moved closer to an agreement on reopening the Strait of Hormuz to commercial shipping, with both sides agreeing on the geographical coordinates of a proposed safe navigation corridor, even as conflicting messages over possible US-Iran negotiations continue to cloud prospects for a broader diplomatic breakthrough.
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Artificial intelligence (AI) could allow developing countries to do in a decade what might otherwise take a century — provided that governments act swiftly to close the gaps in power, connectivity, skills, and institutional quality that threaten to leave them behind, a World Bank Group report said.
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Diplomatic efforts to ease tensions between the United States and Iran gathered momentum on Tuesday, with Qatar saying negotiations have reached "very progressive stages" and draft proposals for a possible agreement are now being circulated, even as Iran and Oman continued talks on future shipping arrangements in the Strait of Hormuz.
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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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SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens.
Lucid Group, maker of the world’s most advanced software-defined vehicles and technologies, today outlined a comprehensive operational reset focused on strengthening execution, reducing cash burn and improving the customer experience, even as it announced the company's financial results for the second quarter of this year.
US-based Wynn Resorts has invested more than $1 billion in the development of its landmark Wynn Al Marjan Island project in Ras Al Khaimah, reaffirming its commitment to what will become the UAE's first integrated resort with gaming facilities.
Oil prices remained under pressure on Tuesday after suffering steep losses over the previous two sessions, as growing optimism over a potential breakthrough in US-Iran diplomacy raised hopes that the Strait of Hormuz could soon be reopened to normal shipping, easing fears of disruptions to global crude supplies.
The State Properties General Authority (SPGA) and the National Center for Privatization & PPP (NCP) have announced the qualification of eight companies and consortiums to participate in the tender for the Quality Valley Riyadh Project, a major mixed-use development planned on the headquarters site of the Saudi Standards, Metrology and Quality Organization (SASO) in Riyadh.
Senaat (formerly Zamil Industrial Investment Company) has announced that its key subsidiary, Zamil Steel, has achieved a major industrial milestone by delivering specialised process equipment for the Fadhili Gas Increment Project (Package 4) for Saudi Aramco and Samsung E&A.
India on Tuesday condemned an attack on an Indian-flagged commercial vessel that sank in the Red Sea off Yemen after being struck by a projectile, as New Delhi renewed calls for an end to attacks on merchant shipping in one of the world's busiest maritime corridors.
Aluminium Bahrain (Alba), the world’s largest aluminium smelter on one site, has reported a profit attributable to its equity holders of BD64.9 million ($172.5 million) for the second quarter of 2026, up by 164% year-on-year (YoY), compared to BD24.6 million for the same period in 2025.
The Department of Culture and Tourism – Abu Dhabi today announced the appointment of Dr Valerie Hillings as the inaugural Director and CEO of Guggenheim Abu Dhabi.
Real estate transactions in Sharjah rose 61.8% in July from previous month to AED7 billion ($1.91 billion) with the number of deals up 25% hitting 9,376, said a report. The sales transactions covered 27.2 million sq ft in July, reflecting continued activity in the emirate's property market.
Shell Catalysts & Technologies has sold intellectual property assets and experienced personnel linked to its Environmental Catalysts and Systems (ECS) business to Lummus Technology, supporting the continued growth of the environmental solutions unit.
Arsenal Football Club and Emirates have announced a long-term renewal of their partnership, extending one of the most recognised commercial relationships in global sport through 2033.
Asyad Shipping has advanced its fleet expansion strategy with the naming of new product tanker “MT Manah” at China’s Wuzhou Shipyard, enhancing refined petroleum transport capabilities and supporting Oman’s vision to become a leading global maritime and logistics hub.
Islamic finance is evolving beyond its traditional role as a source of funding to become a strategic connector between liquidity-rich markets and fast-growing economies, says a new Standard Chartered report.
Porsche Saudi Arabia has unveiled the Sonderwunsch 911 Targa Green Roof 2.0, a bespoke creation developed through the Sonderwunsch programme, showcasing the exceptional possibilities of Porsche personalisation while celebrating the rich heritage, architecture and natural landscapes of the Kingdom of Saudi Arabia.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, delivered resilient underlying financial performance in H1 2026 with the total revenue increasing 4.4% YoY to AED2,794 million ($760.79 million), supported by patient visits exceeding 3.7 million, up 9.9% YoY.
Work is moving at a steady pace on the College of Business and Digital Innovation at University of New Haven's Riyadh campus in Mohammed Bin Salman Nonprofit City (Misk City) with the project set for opening later this year. It has been designed by British education architecture firm Kampus.
Advanced Building Industries Company (Senaat) has announced that its key subsidiary, Zodcon, has secured a mechanical, electrical and plumbing (MEP) services contract for a mall project in Makkah. The entire work will be completed within a 15-month period.
The UAE Emirate of Ras Al Khaimah continues to establish its position as a leading investment destination, attracting AED771.5 million ($210 million) in the first half of 2026.
Ooredoo, a leading international telecommunications company based in Qatar, has announced plans to invest about $800 million for a 49% stake in Zankore, an artificial intelligence computing platform being developed in Indonesia, thus marking its expansion into AI infrastructure in Southeast Asia.
OMODA & JAECOO’s intelligent mobility ecosystem continues to gain global momentum as AiMOGA Robotics has surpassed 2,000 cumulative overseas robot deliveries across more than 60 countries and regions.
UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).
Saudi Aramco President and CEO Amin H Nasser tops the Forbes Middle East’s sixth annual Top 100 CEOs list, which spotlights the executives leading the region’s most impactful organisations.
