Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes.
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Iran and Oman have signalled that they are close to reaching an agreement on arrangements for commercial navigation through the Strait of Hormuz, raising hopes of a breakthrough in the crisis that has disrupted one of the world's most important energy corridors.
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Oman's industrial estates operator Madayn has announced that its Suhar Industrial City has attracted more than RO214 million ($555 million) in investment commitments during the first half with 39 contracts signed for projects covering more than 1.1 million sq m area.
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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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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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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.
Ooredoo, a leading international telecommunications company based in Qatar, has announced plans to invest about $800 million for a 49% stake in Zankore, an artificial intelligence computing platform being developed in Indonesia, thus marking its expansion into AI infrastructure in Southeast Asia.
LEAD Real Estate has announced that work is moving at a steady pace on its AED3.13 billion ($852 million) Al Dhaher Housing Project, an integrated community development in Al Ain. Set for completion in Q4 2028, Phase I of the project will feature 1,000 villas with a mix of four- to six-bedroom units.
The UAE Emirate of Ras Al Khaimah continues to establish its position as a leading investment destination, attracting AED771.5 million ($210 million) in the first half of 2026.
LEAP 2026, a major technology event in Saudi Arabia, will bring together the world's leading AI companies, investors and innovators in Riyadh for four days of announcements, partnerships and industry-defining discussions, reinforcing the Kingdom's position at the forefront of the global AI economy.
Saudi Aramco President and CEO Amin H Nasser tops the Forbes Middle East’s sixth annual Top 100 CEOs list, which spotlights the executives leading the region’s most impactful organisations.
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.
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.
Knowledge Economic City has announced a strategic partnership with UAE-based Apparel Group to bring 24 international retail and dining brands across 8,686 sqm to its Multaqa Al Madinah Mall, including 10 brands making their debut in Madinah.
Sohar International has reaffirmed its commitment to supporting Oman’s energy sector and sustainable economic growth through a joint symposium titled “Oman’s Energy Sector in a Reshaped Gulf: Driving Economic Growth, Investment, and Global Competitiveness.”
Saudi low-cost carrier flyadeal, part of Saudia Group, has launched a global contest to design a commemorative livery for its 50th aircraft, an Airbus A320neo due for delivery in mid-2027.
Saudi Arabian Mining Company (Maaden) has reported solid results for the second quarter with its net profit surging 13% to SAR2.18 billion ($580 million) and its revenue hitting SAR10.9 billion ($2.87 billion), helped by higher commodity prices and increased gold sales volumes.
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.
GFH Financial Group, a leading Bahraini group with interests in asset management and real estate sectors, has emerged as the sole bidder for the development and operation of the kingdom’s iconic Bahrain National Stadium located within Shaikh Isa Sports City in North Riffa.
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.
Saudi student Jana Saleh Abdullah Al Subeil won a gold medal and the Best Female Student award from the International Atomic Energy Agency (IAEA) at its key event, International Nuclear Science Olympiad (INSO 2026), in recognition of her scientific excellence and outstanding performance.
Knowledge Economic City has announced a strategic partnership with UAE-based Apparel Group to bring 24 international retail and dining brands across 8,686 sqm to its Multaqa Al Madinah Mall, including 10 brands making their debut in Madinah.
Bahrain Chamber's board has appointed Dr Shaima Abdulla Juma, the director of its Legal Affairs Department, as its Acting CEO. This was mainly to ensure administrative and executive compliance and oversee daily operational continuity as well as support Bahrain's private sector initiatives.
Beyon Cyber, part of the Beyon Group, took part in the Black Hat USA 2026, becoming the first Bahraini cybersecurity company to exhibit at one of the world’s most influential cybersecurity events.
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.
Iran and Oman have signalled that they are close to reaching an agreement on arrangements for commercial navigation through the Strait of Hormuz, raising hopes of a breakthrough in the crisis that has disrupted one of the world's most important energy corridors.
