The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and South Korea has officially entered into force, marking a significant step forward in economic relations between the two countries.
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Oil prices extended their rally on Friday as geopolitical tensions around Strait of Hormuz remained unresolved, with both Iran and the United States showing no signs of de-escalation.
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Saudi Arabia has announced the launch of its largest private sector residential development - Jawharat Al Arous (Arabic for Jewel of the Bride) - being developed at an investment of SAR8 billion ($2.1 billion). Spanning 107 million sq m, it boasts 18 residential neighbourhoods that will house over 700,000 citizens as well as more than 80,000 prime plots.
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Dubai has moved to further ease residency access for foreign property investors, updating rules to make visa eligibility more flexible.
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Across the Gulf’s glittering skylines, where cranes signal progress and megaprojects reshape the horizon, a more subdued story is taking shape beneath the surface. Rising inflation, supply chain disruptions and broader global uncertainty are steadily driving up living costs, placing increasing pressure on construction professionals.
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Oil prices continued to climb on Thursday with no sign of easing, as markets priced in a prolonged supply squeeze from the Middle East following stalled negotiations and firm signals from Donald Trump that the blockade on Iran will remain in place.
US President Donald Trump has said that he is going to keep Iran under a naval blockade until the regime agrees to a deal that addresses US concerns about its nuclear programme.
AD Ports Group has signed an agreement with Azerbaijan to explore strategic collaboration across ports, shipping and logistics in the energy-rich country. This comes as the UAE-Azerbaijan Comprehensive Economic Partnership Agreement (CEPA) officially entered into force this month.
A new partnership between Parkin, the largest provider of paid public parking facilities and services in Dubai, Glydways, the first company providing Flow Networks (AV2.0) to global cities, will integrate autonomous mobility into Dubai’s parking network.
International Air Transport Association (IATA) has reported that global passenger demand in March rose 2.1%, while capacity fell 1.7%, lifting load factor to 83.6%. International demand dipped 0.6% amid a 60.8% Middle East traffic drop.
Saudi Basic Industries Corporation (Sabic), a global leader in chemicals, returned to profit in the first quarter of 2026, posting a net profit attributable to shareholders of SAR13.2 million ($3.52 million) compared with a SAR1.21 billion ($322 million) loss a year earlier, according to the company's Tadawul filing.
Fertiglobe, the world’s largest seaborne exporter of urea and net ammonia combined and the largest nitrogen fertilizer producer in the MENA region, reported strong revenues of $915 million for Q1 2026, reflecting a 32% Y-o-Y increase.
e&, the UAE-headquartered global technology group, reported a strong start to 2026 with a consolidated revenue of AED19.4 billion ($5.28 billion) in the first quarter, reflecting a 15.1 per cent year-on-year (YoY) growth.
The Dubai Civil Aviation Authority (DCAA) has launched a new Aviation Consumer Welfare Directive aimed at strengthening passenger rights, introducing clearer protections and formal mechanisms for complaints and dispute resolution across the emirate’s aviation sector.
Kuwait's State Audit Bureau (SAB) has given conditional approval to proceed with the KD74.703 million ($243.1 million) Shuwaikh water distribution complex project to the Ministry of Electricity, Water and Renewable Energy, a report said.
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced it has received an additional payment of $20 million from Egypt, with all overdue receivables now fully settled.
Qatar Calendar has announced the return of the Qatar Toy Festival (QTF) in July under the slogan ‘More to Imagine, A Whole World of Fun’.
The Comprehensive Economic Partnership Agreement (CEPA) between the United Arab Emirates and South Korea has officially entered into force, marking a significant step forward in economic relations between the two countries.
Across the Gulf’s glittering skylines, where cranes signal progress and megaprojects reshape the horizon, a more subdued story is taking shape beneath the surface. Rising inflation, supply chain disruptions and broader global uncertainty are steadily driving up living costs, placing increasing pressure on construction professionals.
UAE-based Durar Group has appointed Ali & Sons as the main contractor for its flagship branded residential development - Moonstone Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah. A premium development, it features 226 sea-facing residences along with key amenities.
PureHealth Holding, the largest healthcare group in the Middle East, reported a revenue increase of 10% year-on-year in the first quarter to AED7.3 billion ($1.99, driven by strong growth in PureHealth’s international Care (healthcare) portfolio and the Cover (insurance) vertical.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
E-commerce business in the UAE jumped by 20 per cent since February this year, as most consumers maintained work from home and study from home to ensure public safety, according to a report.
Dubai Financial Market (DFM) said its consolidated revenues for the first quarter reached approximately AED253.1 million ($68.91 million), compared with AED186.5 million during the same period in 2025.
His Majesty Sultan Haitham bin Tarik of Oman has issued a Royal Decree establishing an Artificial Intelligence Special Zone in the Governorate of Muscat, Oman News Agency (ONA) reported.
A new partnership between Parkin, the largest provider of paid public parking facilities and services in Dubai, Glydways, the first company providing Flow Networks (AV2.0) to global cities, will integrate autonomous mobility into Dubai’s parking network.
Qatar Calendar has announced the return of the Qatar Toy Festival (QTF) in July under the slogan ‘More to Imagine, A Whole World of Fun’.
Dubai has moved to further ease residency access for foreign property investors, updating rules to make visa eligibility more flexible.
