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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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.
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The UAE's real gross domestic product grew by 3 percent in the first quarter of 2026 to reach AED485 billion ($132.06 billion) at constant prices, while non-oil GDP grew by 4.8 percent, raising its contribution to 79.4 percent of the national economy.
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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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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.
Indian multinational L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra mega order from ADNOC Offshore for a major project in the Middle East.
Global chemical leader Saudi Basic Industries Corporation (Sabic) has announced that it has completed the sale of its engineering thermoplastics (ETP) business in the Americas and Europe to Mutares SE & Co, thus marking a key step in its portfolio optimisation strategy.
Saudi Energy Company posted a 10.5% year on year (YoY) growth in H1 revenue to SAR52.2 billion ($13.94 billion), EBITDA rose by 8.2% to SAR21.5 billion, and net profit increased by 7.5% to SAR6.7 billion.
Riyadh Air has announced the expansion of its network in Asia with the launch of new flights connecting Riyadh with Islamabad and Lahore in Pakistan, and Manila in the Philippines.
Saudi Aramco reported a strong financial performance for the first half of 2026, posting adjusted net income of $67.2 billion, as the world's largest oil producer maintained crude supplies despite unprecedented disruptions to shipping through the Strait of Hormuz.
Oil prices recovered on Tuesday after suffering their steepest one-day decline in weeks, as persistent concerns over potential supply disruptions in the Middle East outweighed optimism that diplomatic efforts could quickly end the five-month-old conflict between the United States and Iran.
A fresh attack on a commercial vessel near the Strait of Hormuz and the diversion of Saudi-operated tankers away from the Red Sea underscored mounting risks to global energy supplies on Tuesday, even as the US and Iran issued conflicting statements over the status of negotiations.
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.
Envision Energy, a global green technology company, has partnered with Sasol, an international energy and chemicals firm, to advance a design study for a potential green hydrogen system at Sasol’s Sasolburg operations in South Africa.
The National Bank of Bahrain (NBB) has announced a new partnership with Turkish Airlines to provide exclusive travel benefits to its cardholders, including a 20% discount on flights.
Fitch Ratings has maintained its ‘deteriorating’ sector outlook for global chemicals for 2026, reflecting structural oversupply and demand destruction risks triggered by increasing production costs, despite temporary tightness due to disruption in the Strait of Hormuz.
Dubai’s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026, supported by a comprehensive range of economic and investment indicators reflecting strong demand, high liquidity, sustained capital inflows and an increasingly advanced regulatory and digital ecosystem, according to W Capital Real Estate Brokerage.
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.
JCB, Japan’s only international payment brand, has achieved an 82.4 per cent reduction in its own greenhouse gas (GHG) emissions in FY2025 compared with FY2013, meeting its emissions reduction target and advancing efforts toward carbon neutrality.
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.
Abu Dhabi-based International Holding Company (IHC) has reported a sharp increase in its first-half profit which soared to AED26.2 billion ($7.13 billion), while its revenue surged 34.5% to hit AED64.9 billion ($17.6 billion) supported by higher revenue across several business segments.
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.
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.
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).
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.
