GCC states have achieved advanced global rankings across key competitiveness indicators including - economic performance, government efficiency, business competitiveness and infrastructure - underscoring the impact of reforms aimed at boosting growth and attracting investment.
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The Iran war broadened over the weekend despite a pause in US strikes, as Yemen's Iran-aligned Houthis attacked Saudi oil installations along the Red Sea coast and Iran accused Ukraine of targeting one of its vessels in the Caspian Sea resulting in the death of a sailor.
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Formula 1 and the Fédération Internationale de l'Automobile (FIA) have confirmed that Malaysia will host the Formula 1 Gulf Air Bahrain Grand Prix at Sepang International Circuit from October 2–4, 2026, subject to final agreements and approval by the FIA World Motor Sport Council.
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The Middle East conflict entered a new phase over the weekend as the United States paused its bombing campaign against Iran after 13 consecutive nights of strikes, while violence shifted to the Red Sea where Iran-backed Houthi rebels targeted Saudi commercial assets, prompting retaliatory military action by Saudi Arabia.
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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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Brent crude touched $100.64 a barrel on Thursday, a jump of 7%, after Yemen's Houthi rebels claimed to have struck two Saudi oil tankers in the Red Sea.
First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a strong performance in the first half of 2026.
ADCB, a leading UAE bank, has reported record H1’26 profit before tax of AED7.607 billion ($2.07 billion), up 28% YoY, amid a resilient operating environment in the country.
Leading Chinese group Shanxi Installation Company has secured a contract worth RMB1.5 billion ($222 million) to provide engineering, procurement and construction (EPC) services for the 500MW Al Kamil I Solar Independent Power Project (IPP) in Oman.
Steady progress is being made on the Prince Mohammed Bin Salman Stadium, an architectural and engineering marvel coming up within Qiddiya City, the mega Saudi entertainment, culture and sports project located near Riyadh. With early foundation works under way, the stadium is expected to be completed in 2029.
Saudi Arabia was the region's largest dividend payer, distributing an estimated $24.5 billion during the first quarter and accounting for almost 84% of all Middle East dividends, according to a new report.
Emirates NBD delivered a record financial performance in the first half of 2026, generating AED16.2 billion ($4.41 billion) profit before tax, up 5% year-on-year, fuelled by a 13% increase in net interest income and an impressive 25% growth in non-funded income.
US Secretary of Energy Chris Wright and Saudi Minister of Energy Prince Abdulaziz bin Salman have signed a peaceful nuclear cooperation agreement, commonly known as a 123 agreement, alongside an accompanying bilateral safeguards agreement.
Concerns over the security of global shipping lanes intensified on Thursday after Yemen's Iran-backed Houthi movement claimed attacks on two Saudi oil tankers in the Red Sea, while US President Donald Trump warned he would retaliate against any Iranian attempt to target commercial vessels transiting the Strait of Hormuz.
Saudi Arabian Refineries Company (Sarco) has announced that its key subsidiary, Masafi Ventures, has reached an agreement with Adwaa Al Khalil Contracting Company to acquire an 85% stake in Advanced Industrial Supplies Company, a leading industrial parts and equipment provider.
Dewa International, the overseas investment arm of Dubai Electricity and Water Authority, is pursuing global growth through new tie-ups with international financial and infrastructure investors. Its senior leadership held a meeting with ING and Actis in London to explore opportunities in power and water projects.
Formula 1 and the Fédération Internationale de l'Automobile (FIA) have confirmed that Malaysia will host the Formula 1 Gulf Air Bahrain Grand Prix at Sepang International Circuit from October 2–4, 2026, subject to final agreements and approval by the FIA World Motor Sport Council.
GCC states have achieved advanced global rankings across key competitiveness indicators including - economic performance, government efficiency, business competitiveness and infrastructure - underscoring the impact of reforms aimed at boosting growth and attracting investment.
The share of professional job vacancies in the Gulf requiring artificial intelligence (AI) skills has nearly tripled over the past four years, but for much of the region's economy the technology has yet to make a meaningful impact on hiring, according to data from Middle East recruitment platform GulfTalent.
Jeddah Tower, Saudi Arabia’s landmark mega-tall mixed-use tower, has achieved a major construction milestone reaching 430m this month. With a planned height of over 1,000m, the skyscraper, once completed, will become the first man-made structure in the world to reach a full kilometre.
Bahrain’s Labour Fund “Tamkeen” and M42, a global health leader powered by AI, advanced technology and genomics, have signed a memorandum of understanding to explore areas of collaboration aimed at creating promising opportunities for Bahraini talent and driving innovation in the healthcare sector.
Saudi Arabia is embedding AI literacy into its national strategy to support economic growth, workforce upskilling, and responsible AI adoption, according to a new report.
Anjali Precious Metals, one of the UAE's renowned family-owned precious metals businesses, has announced the launch of Anjali Digital Metals, a premium mobile platform that marks the company's entry into the digital investment space after more than 23 years of serving customers across the UAE.
GCC states have achieved advanced global rankings across key competitiveness indicators including - economic performance, government efficiency, business competitiveness and infrastructure - underscoring the impact of reforms aimed at boosting growth and attracting investment.
Zain Bahrain, a leading provider of innovative technologies and digital lifestyle experience, said it has successfully deployed Artificial Intelligence (AI) capabilities within its live 5G radio network in partnership with Ericsson, becoming the first operator in the region to achieve this milestone.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the UAE, said DTC maintained resilient operations during Q2 2026 and H1 2026 despite a challenging operating environment across much of the quarter.
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).
The Iran war broadened over the weekend despite a pause in US strikes, as Yemen's Iran-aligned Houthis attacked Saudi oil installations along the Red Sea coast and Iran accused Ukraine of targeting one of its vessels in the Caspian Sea resulting in the death of a sailor.
