US President Donald Trump said on Tuesday Iran had shot down a US Apache helicopter in the Strait of Hormuz and vowed to respond, deepening doubts about prospects for peace between the two countries. Two US pilots involved in the incident were uninjured, said media reports.
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British oil and gas company bp has announced that it would reorganise its business into two operating segments - Upstream and Downstream - thus replacing its current three-segment structure, effective July 1. This comes as part of bp's efforts to simplify its structure, boost performance as well as shareholder returns.
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Oman’s Public Establishment for Industrial Estates (Madayn) has unveiled an ambitious programme to implement 90 infrastructure projects across its industrial cities over the next five years, while advancing what is set to become the largest solar energy project within the Sultanate’s industrial zones as part of its updated Vision 2040 strategy.
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Most Gulf Cooperation Council (GCC) sovereigns remain supported by strong balance sheets and alternative export channels despite the economic and geopolitical fallout from the US-Iran war, which has prompted Fitch Ratings to revise its 2026 global sovereign sector outlook to “deteriorating” from “neutral.”
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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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Iran and Israel said on Monday they had halted attacks against each other following an appeal from US President Donald Trump, while US forces simultaneously escalated pressure on Tehran by disabling an oil tanker attempting to reach an Iranian port in defiance of Washington's naval blockade.
Oman has signed 10 agreements and memoranda of understanding to establish new projects with an investment value of RO2.9 billion ($7.54 billion) in the Duqm Special Economic Zone, said an Oman News Agency post in X platform.
OHL Arabia, the Saudi subsidiary of OHLA, a global infrastructure group, and Hassan Allam Construction Saudi Limited Co, have jointly been awarded a contract by Saudi Arabia Railways (SAR) to execute the construction works for the Dammam 2nd Industrial City Railway Connection Project.
Saudi Arabia's Ministry of Sport and the National Center for Privatization & PPP (NCP) has announced that five more sports clubs in the country are being offered for privatisation.
Riyadh Air, a Public Investment Fund company and Saudi Arabia's national carrier, on Monday announced the launch of five new destinations: Cairo, Dubai, Jeddah, Madrid, and Manchester, coinciding with the arrival of the first three Boeing 787-9 Dreamliner aircraft in its modern fleet.
Dubai World Trade Centre (DWTC) generated a record AED25.03 billion ($6.82 billion) in economic output through its calendar of large-scale business events in 2025, further strengthening its role as a key driver of Dubai’s economic growth.
Riyadh Air, Saudi Arabia’s new national carrier, on Monday announced the opening of ticket sales for daily flights between Dubai and Riyadh - a key addition to its growing network.
BEYOND Developments on Monday unveiled AED4-billion ($1.09 billion) The Yards, a master-planned destination in City of Arabia in Dubai, and simultaneously launched Arancia, the project’s first residential cluster.
Majid Al Futtaim, a leading developer in the Middle East, has awarded an AED2 billion ($544.56 million) contract to Engineering Contracting Company (ECC) as the main contractor for Capria East and Capria West, including Maravelle Residences, at Ghaf Woods, Dubai’s first forest living community.
India-based VA Tech Wabag, a global leader in water and wastewater treatment solutions, has announced that its consortium has secured a major contract for the development of the third phase of Ajman Sewage Biorefinery Plant in UAE with a 60 million litres per day treatment capacity.
Spirit Energy, a Centrica business, has announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world’s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40% of the UK’s vital cement and lime industry a step closer.
Emirates plans to introduce a range of incentives aimed at reassuring passengers and encouraging them to return to travel amid the ongoing Iran conflict, but the airline has ruled out fare discounts as part of its strategy.
Spirit Energy, a Centrica business, has announced the Morecambe Net Zero (MNZ) Peak Cluster development - the world’s largest cement decarbonisation project - has achieved a major milestone that brings the decarbonisation of 40% of the UK’s vital cement and lime industry a step closer.
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.
Alef Group has announced the official launch of its AED4 billion ($1.1 billion) residential development, Linar, in Al Mamzar, Sharjah. The group's flagship project offers a new coastal address featuring 2,620 apartments with a mix of one- to three-bedroom units along with a limited number of exclusive penthouses.
Canadian group Cority has announced a significant expansion of its presence in Saudi Arabia with the launch of its new regional headquarters. Its cloud-based architecture enables organisations to centralise EHS data, improve transparency, and give teams a clearer, faster view of risk across operations.
First Avenue for Real Estate Development has signed an agreement with SNB Capital, Dar Al Majed and Rekaz to set up an investment fund that will acquire and build educational facilities across Saudi Arabia. This comes as part of First Avenue's strategy to diversify its portfolio and income streams.
The 57th edition of the Watch and Jewellery Middle East Show, the region’s largest event for luxury jewellery and timepieces, is set to open in Expo Centre Sharjah bringing together 400 local and international exhibitors from 19 countries across the globe.
Oman is seeking to strengthen its position as a destination for international investment, supported by an investment-grade credit rating, economic reforms and regulatory frameworks aligned with international standards. A key element of that strategy is the International Financial Centre of Oman (IFC Oman).
Abu Dhabi's ambition to become a global technology powerhouse gained further momentum as startups within the Hub71 ecosystem surpassed $2.7 billion (AED9.9 billion) in cumulative funding and generated more than $1.5 billion in revenue by the end of 2025, according to the ecosystem's latest impact report.
British car rental technology platform Final Rentals has announced a major expansion of its Gulf operations through a strategic partnership with Autorent, one of the region's largest vehicle rental and leasing operators.
ALEC Holdings, a leading diversified engineering and construction group operating in the UAE and KSA, has signed a memorandum of understanding (MoU) with Al Noor Training Centre for People of Determination, under which it will sponsor a classroom of 10 students of determination for one academic year.
US President Donald Trump said on Tuesday Iran had shot down a US Apache helicopter in the Strait of Hormuz and vowed to respond, deepening doubts about prospects for peace between the two countries. Two US pilots involved in the incident were uninjured, said media reports.
