Two ADNOC vessels were attacked while transiting the Strait of Hormuz on Thursday, adding to growing tensions in the strategic waterway as the United States prepares tougher economic measures against Iran.
Read more
Abu Dhabi National Oil Company has announced that one of its key units, ADNOC Gas has awarded engineering, procurement and construction (EPC) contracts worth $8.2 billion for the next phase of its Rich Gas Development (RGD) project at the Habshan complex in the UAE capital.
Read more
Flexible working is emerging as a key pillar of Dubai’s drive to build a more agile and sustainable government workforce, as the emirate moves to give employees greater choice in how they work while maintaining productivity and service delivery.
Read more
The Middle East conflict is widening into an increasingly complex security, shipping and environmental crisis, with an oil slick from a grounded tanker reaching Oman's coastline just as Iran signals that it may be prepared to sustain its confrontation with the United States for years.
Read more
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.
Read more
Emirates Global Aluminium (EGA) has announced robust results for the first half, recording a 34% jump in adjusted net profit which rose to AED2.46 billion ($670 million) from AED1.84 billion ($500 million) helped by higher realised aluminium prices and stronger regional premiums.
The US Energy Information Administration has sharply raised its forecast for oil prices this year, warning that severe restrictions on shipping through the Strait of Hormuz are likely to persist through August despite President Donald Trump's repeated assertions that the strategic waterway is open.
Holcim UAE (earlier Lafarge Emirates Cement) has, in partnership with carbon storage innovator 44.01, achieved a major milestone in industrial decarbonisation with the commissioning of a continuous carbon capture and underground mineralisation pilot at a cement facility in Fujairah.
Global chip giant Nvidia is teaming up with Wall Street's big guns including Apollo, Blackstone and Goldman Sachs to mobilise over $500 billion for AI infrastructure, as part of its ambitious plan to turn AI chips into a new asset class that investors can fund much like real estate or other critical infrastructure.
National Central Cooling Company (Tabreed) has announced robust results for the first half delivering a revenue of AED1.13 billion ($307 million) supported by fixed capacity charges and ongoing capacity expansion. The connected capacity grew 15% to hit 1.58 million refrigeration tonnes (RT).
Al Rajhi Capital and LogiPoint have entered into a deal to establish a dedicated investment fund for the development of the South Jeddah Logistics and Industrial Park, a landmark mixed-use logistics and industrial project in the Saudi port city, at a total investment of SAR5 billion ($1.3 billion).
A consortium led by French utility giant EDF power solutions with members Al Khadra Partners and OQ Alternative Energy (OQAE), has achieved a major milestone with the financial close for the 120MW Jaalan Bani Bu Ali (JBB) Wind Independent Power Project in the Sultanate of Oman.
Implementing or expanding AI is the top priority for UAE commerce leaders this year, ahead of growing the customer base and adapting to changing buyer behaviours, says a new research from Salesforce, a leading AI CRM company.
Wynn Al Marjan Island today revealed that it has completed its 550-metre beachfront, sheltered lagoon and offshore reef, giving guests a first look at the resort's waterfront experience.
Azizi Developments, a leading private developer in the UAE, has intensified construction activities across its portfolio, with work at its flagship Azizi Venice development in Dubai South now progressing around the clock, 24 hours a day, the developer said.
Wison Engineering has been awarded the $3.9 billion engineering, procurement and construction (EPC) contract for Phase 2 (New Natural Gas Processing Train at Habshan) of the Rich Gas Development (RGD) Project by ADNOC Gas, the gas-processing subsidiary of Abu Dhabi National Oil Company (ADNOC), in addition to a 220KV switch station.
The Dubai Department of Economy and Tourism (DET) has announced a last call for residents to register for ‘A Dubai Invite’, following exceptional demand that has seen the programme’s capacity increase three times since its launch on July 20.
DP World, a leading provider of smart end-to-end logistics solutions, has reported revenue of $12.7 billion for the first half of 2026, up 13.1% year-on-year, as the strength of its global network helped the company navigate significant disruption to trade flows in the Middle East.
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.
Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes.
Dr Shamsheer Vayalil, Founder, Chairman and Chief Executive Officer of Burjeel Holdings, has joined the Executive Board of the World Economic Forum’s Digital Healthcare Transformation (DHT) Initiative, bringing a health-system operator perspective from the Middle East to a global platform shaping the next phase of healthcare transformation.
Amanat Holdings, the GCC's leading listed operator of healthcare and education companies, today announced strong financial results for the six months ended June 330, 2026 (H1 2026), delivering double-digit growth in revenue, EBITDA and profitability while continuing to execute its recently announced long-term growth strategy.
Saudi Arabia's Ministry of Commerce has announced that more than one million discounted products are available at commercial establishments and online stores as part of the "2026 Sales" campaign.
GFH Bank has reported a net profit attributable to shareholders of $76.20 million for the first six months of the year compared with $67.24 million in the same period of 2025, an increase of 13.33%.
AIREV, the Abu Dhabi-based creator of the OnDemand autonomous AI platform, has entered into a strategic agreement with Qualcomm Technologies to advance autonomous AI across enterprise and government environments.
Ferrari has presented the Ferrari CZ26, a new one-off created from a collaboration between a US client and the Ferrari Design Studio, as part of the Special Projects programme.
PUBG MOBILE, one of the world's most popular mobile games, today announced a new collaboration between its World of Wonder (WOW) platform and UGC games studio Do Big Studios, introducing an all-new experience created exclusively for WOW.
The 2026 – 2027 Riyadh Racing Season will offer a total of SAR236.3 million ($62.95 million) in prize money across 50 race days over six months, the Jockey Club of Saudi Arabia (JCSA) has announced. Out of this, SAR197.8 million will go towards Major Cups.
