Saudi Arabia, Türkiye and Pakistan have signed a landmark joint defence agreement committing the three countries to strengthen collective security and treat an armed attack against any one of them as an attack against all three.
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Emaar Properties delivered a resilient performance during the first half of 2026, with revenue up 21% to AED23.9 billion ($6.5 billion), EBITDA up 24% to AED12.9 billion ($3.5 billion), and net profit before tax up 23% to AED12.8 billion ($3.5 billion).
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Gulf tensions remain high despite signs of diplomatic progress over the Strait of Hormuz, with Saudi Arabia warning of imminent coordinated attacks by Iran-backed militias even as Tehran and Muscat move closer to an agreement aimed at restoring commercial shipping through the strategic waterway.
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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.
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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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Savola Group, an integrated food platform in the food and retail sectors across the MENA region, has reported that its revenue for the second quarter surged 8.6% to SAR6.3 billion ($1.68 billion) and net profit attributable to shareholders increased by almost 10% to SAR117 million, and almost 67% to SAR129 million on a recurring basis.
Iran and Oman have moved closer to an agreement on reopening the Strait of Hormuz to commercial shipping, with both sides agreeing on the geographical coordinates of a proposed safe navigation corridor, even as conflicting messages over possible US-Iran negotiations continue to cloud prospects for a broader diplomatic breakthrough.
Solid market fundamentals and healthy occupier demand are strengthening the long-term prospects of UAE’s industrial sector, said real estate expert JLL. While the rapid pace of rental growth has begun to moderate, Dubai and Abu Dhabi continue to maintain leasing momentum.
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.
Aramex, a global logistics and transportation solutions company, has announced solid results for the first half with its group revenues surging 22% to AED1.83 billion ($498 million) while its net profit grew nearly two-fold helped by strong growth in its freight forwarding business.
UAE-based BNW Developments has announced plans to develop around 10,000 homes across Dubai and Ras Al Khaimah over the next four years as it expands its footprint in the UAE, with Indian investors emerging as a key contributor to its growth strategy.
SSH has been appointed the construction supervision consultant for Sayyid Tarik bin Taimur Cultural Complex, a nationally significant project in Oman. Spanning 400,000 sq m, the complex will be home to the National Theatre and a 5,000-sq-m energy and data centre all set within landscaped gardens.
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.
Lucid Group, maker of the world’s most advanced software-defined vehicles and technologies, today outlined a comprehensive operational reset focused on strengthening execution, reducing cash burn and improving the customer experience, even as it announced the company's financial results for the second quarter of this year.
Emaar Properties delivered a resilient performance during the first half of 2026, with revenue up 21% to AED23.9 billion ($6.5 billion), EBITDA up 24% to AED12.9 billion ($3.5 billion), and net profit before tax up 23% to AED12.8 billion ($3.5 billion).
The Middle East’s historic role as the global energy heartbeat is entering a new chapter. While the region continues to provide over 31% of the world’s oil, its true competitive advantage is shifting from resource extraction to intelligent orchestration.
Turkish Airlines carried 9.5 million passengers with a total load factor of 86.5% in July, the airline has announced.
ADNOC Logistics & Services has announced the acquisition of five modern Very Large Gas Carriers (VLGCs) and six Very Large Crude Carriers (VLCCs) for a combined investment of approximately $1.3 billion (AED4.8 billion).
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.
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.
Burjeel Holdings, a leading super-specialty healthcare services provider in the GCC, delivered resilient underlying financial performance in H1 2026 with the total revenue increasing 4.4% YoY to AED2,794 million ($760.79 million), supported by patient visits exceeding 3.7 million, up 9.9% YoY.
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.
Saudi retail and food and beverage market maintained strong momentum in H1 supported by resilient consumer spending - which hit SAR425 billion ($113 billion) - as well as low inflation and expansion of the non-oil economy, according to Knight Frank.
HSBC Private Bank has confirmed the appointment of Feras Al Jarmani to lead its UAE Market, taking on overall responsibility for the bank’s private banking business across the country.
Soor, a Bahrain-based insurtech platform, has secured a new investment from Spring, a venture studio and ecosystem builder backed by London-based global investment firm Salica and Al Waha Fund, that will enable it to accelerate its growth and product development.
OMODA & JAECOO’s intelligent mobility ecosystem continues to gain global momentum as AiMOGA Robotics has surpassed 2,000 cumulative overseas robot deliveries across more than 60 countries and regions.
Pantheon, a leader in real estate development, today announced its evolution into Pantheon - Art • Culture • Real Estate (Pantheon ACR), a broader platform created to connect people through the places they live, the experiences they share and the culture they co-create.
Employees in the UAE’s federal government and private sector will observe the Prophet’s Birthday holiday on Friday, August 28, creating the prospect of a three-day break for those who have Saturday and Sunday as their regular weekend.
