The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.
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The first phase of the UAE-US AI Campus in Abu Dhabi is expected to become operational before the end of this year, marking a significant milestone in the UAE's drive to establish itself as a global hub for artificial intelligence infrastructure and advanced computing.
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The UAE's $1.4 trillion investment programme in the United States is progressing ahead of schedule, with officials highlighting advances in AI infrastructure, energy projects and manufacturing investments during talks in Washington this week.
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Abu Dhabi Securities Exchange (ADX)-listed companies reported AED48 billion ($13.1 billion) in profits in Q1 2026, up 17% year-on-year, while AED66.2 billion in dividends have been announced to date this year, reinforcing the market’s depth, resilience, and shareholder value, said a senior official.
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His Majesty King Hamad’s statement during yesterday’s Cabinet session: ‘You were the nation’s strength in times of war, and you remain its enduring strength in times of peace’ was not merely praise for citizens’ stance during an exceptional period.
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McDermott, a premier provider of engineering and construction solutions to the energy industry, has been selected by Saudi oil giant Aramco as one of the 11 selected contractors for project management consultancy to support delivery of large-scale energy, petrochemical and low carbon projects across the kingdom.
Emirates has promoted two accomplished Emirati female pilots to captains, marking a pivotal step forward in its commitment to empowering Emirati women in aviation.
Abu Dhabi is entering a pivotal phase in its real estate journey, emerging as one of the UAE’s most compelling destinations for both end users and investors heading into 2026.
As Dubai looks to build on its record tourism growth, the emirate is intensifying efforts to sustain visitor pipelines, reinforce its reputation as one of the world's safest and most reliable travel destinations, and keep itself firmly on travellers' radar across key global markets.
MAG Group Holding plans to announce a new real estate project called ‘MAG Square’ within the next two weeks, with a market value of up to AED2 billion ($544.59 million), said Moafaq Ahmad Al Gaddah, Founder and Chairman of MAG Group Holding.
A ceasefire agreement between Israel and Lebanon has raised hopes of a broader diplomatic breakthrough that could help bring an end to the ongoing US-Israeli conflict with Iran, even as conflicting signals emerged over the state of negotiations between Washington and Tehran.
Korea Electric Power Corporation (Kepco) has announced that it has secured contracts worth $1.4 billion from Saudi oil giant Aramco for the construction and operation of the second phase of the kingdom’s Jafurah cogeneration power plant which, on completion, will boast a 331MW capacity.
One Indian national was killed and 63 people were injured following Iranian missile and drone attacks on the Kuwait International Airport in the early hours of Wednesday, according to reports.
The Saudi economy is proving resilient in the face of the war in the Middle East thanks to strong fundamentals and diversified logistical and oil infrastructure, said an International Monetary Fund (IMF) mission statement.
Saudi Arabia's sovereign wealth fund PIF has reached an agreement with Talaat Moustafa Group Saudi that will see the duo explore opportunities, boost co-operation and collaborate in mixed-use real estate projects with the premium developments owned by PIF across the kingdom.
The International Air Transport Association (IATA) released estimates showing that global Sustainable Aviation Fuel (SAF) production is expected to reach around 2.4 million tonnes in 2026, representing just 0.8 per cent of aviation fuel use, at a cost to airlines of $4.3 billion.
Leading Kuwaiti low-cost carrier Jazeera Airways has launched a summer fare sale offering discounts of up to 30% on one-way and return tickets across its network. The promotion, which runs until June 13, will cover a range of destinations in Europe, Türkiye and other markets served by its network.
Joramco Academy, a unit of the Amman-based aircraft maintenance, repair and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announced that it has begun accepting student applications for its Aircraft Maintenance program for this year.
Abu Dhabi is entering a pivotal phase in its real estate journey, emerging as one of the UAE’s most compelling destinations for both end users and investors heading into 2026.
A consortium comprising First Avenue for Real Estate Development Company, Dar Al Majed Real Estate Company (Al Majdiah) and Rekaz Real Estate Company has secured a key contract for the development of the East Hindawiyah District Project in Makkah.
In a landmark achievement, Abu Dhabi has successfully hosted the complex surgical separation of conjoined twins from Nigeria. The life-saving surgery was performed at PureHealth’s Seha - Sheikh Khalifa Medical City (SKMC) in Abu Dhabi.
Joramco Academy, a unit of the Amman-based aircraft maintenance, repair and overhaul (MRO) facility and engineering arm of Dubai Aerospace Enterprise (DAE), has announced that it has begun accepting student applications for its Aircraft Maintenance program for this year.
The countdown to Dubai Summer Surprises (DSS) 2026 has officially begun, with Dubai Festivals and Retail Establishment (DFRE) encouraging residents and visitors alike to take part in the various events of the city’s favourite summer festival, which returns from July 2 to August 30.
Bahrain-based Al Baraka Islamic Bank has announced the launch of a cross-border banking service that allows customers to open bank accounts in Egypt with ease. This reflects its commitment to expanding global services and providing integrated banking to its customers.
Bahrain's Information & eGovernment Authority (iGA) has announced the complete migration of all services available on the Islamiyat app to the unified 'MyGov' app as part of the government mobile applications merger plan. MyGov now offers 111 features and services provided by 15 government entities.
Dubai Taxi Company (DTC) has signed an agreement with AJ Industries, an expert in sustainable and innovative automotive solutions in Ajman, in bid to scale its operational expertise, digital platforms and e-hailing capabilities to support the mobility ecosystem in the emirate.
The value of Manchester City Football Club has grown to $8 billion today from around $120 million in 2008, when it was acquired by UAE investors, Khaldoon Al Mubarak, Chairman of Manchester City Football Club, has revealed.
The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.
