The United States has sharply escalated its confrontation with Iran, striking three Iranian crude oil tankers after the Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles towards two US Navy warships in regional waters, in the latest tit-for-tat exchange.
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Dubai Land Department (DLD) figures for August show transaction volumes were down 37% and sale values down 44% year-on-year in the month. Taken alone, the headline numbers describe a market in decline.
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Oil prices were heading for their strongest weekly gain since mid-July on Friday as renewed fighting between the United States and Iran heightened concerns over disruptions to Middle East energy supplies.
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The US military escorted 40 commercial vessels carrying about 18 million barrels of oil through the Strait of Hormuz on Tuesday, a wartime record, as Washington and Tehran traded their heaviest blows in weeks, CNN reported, citing two US officials familiar with the operation.
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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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Dubai’s Department of Economy and Tourism (DET) has closed registrations for its ‘A Dubai Invite’ initiative after receiving more than 90,000 applications, highlighting the strong role residents play in attracting visiting friends and relatives (VFR) to the emirate.
Saudi Arabia's National Water Company plans to tender later this year 51 sewage treatment plants with a total treatment capacity of 888,000 cu m per day. These projects will see private-sector partners undertake the rehabilitation, operation and maintenance services for a 15-year period.
A Saudi-Chinese consortium comprising Armada and Zhangzhou United Waters has secured a SAR1.3 billion ($348 million) contract from National Water Company for the rehabilitation, operation and maintenance of nine sewage treatment plants (STPs) across Saudi Arabia.
Hassan Allam Holding has announced that its key subsidiary, Kortech, has won the MEP works contract from Saudi Entertainment Ventures (SEVEN) for its premium Al Khobar Entertainment Complex. The scope of work includes an underground car park, family entertainment centre as well as a cinema.
Saudi builder Safari Construction has secured the main contract for the expansion of Hail International Airport. The scope of work includes rehabilitation of the existing terminal, construction of new airport facilities as well as development of associated infrastructure.
The UAE’s development drive will continue without waiting for “perfect conditions,” with the government moving ahead with major projects, economic initiatives and reforms, Vice President and Prime Minister HH Sheikh Mohammed bin Rashid Al Maktoum said on Wednesday.
The Saudi Ministry of Foreign Affairs has condemned Iran's targeting of the Saudi tanker Sidr while it was transiting the Strait of Hormuz, which resulted in fatalities among the crew.
World's third largest cybersecurity event enters a new era at Dubai Exhibition Centre with expanded global footprint, flagship leadership summit and new quantum security agenda.
The global economy has proved more resilient than expected in the face of the energy supply shock triggered by the conflict in the Gulf, with global growth for 2026 holding at around 3%, International Monetary Fund Managing Director Kristalina Georgieva said.
The fifth edition of the SEREDO Expo for Real Estate Development and Ownership 2026 opened in Jeddah today aiming to enhance investment opportunities and showcase the latest projects and innovative solutions in the Kingdom's real estate sector.
Saudi-listed Acwa has reached the Project Commercial Operation Date (PCOD) for the utility systems serving The Red Sea destination, marking the first time a giga-project in Saudi Arabia has brought its entire utility infrastructure into commercial operation using only renewable energy and without support from the national grid.
flyadeal has launched direct flights between Madinah and Karachi, strengthening air connectivity between Saudi Arabia and Pakistan. The low-cost carrier will operate two weekly services using Airbus A320neo aircraft, configured with 186 Economy Class seats.
Saudi Basic Industries Corporation (SABIC) said its subsidiary Saudi Methanol Company (AR-RAZI) has received approval from the Ministry of Energy to allocate the feedstock required to develop a new methanol production plant with an annual capacity of 1.8 million tonnes in Jubail.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Primark, the international fashion retailer, is set to make its debut in the kingdom later this month with the launch of its new outlet at City Centre Bahrain, being set up in partnership with Alshaya Group. This will be followed by the opening of the company's new outlet at Doha Festival City on October 29.
EYWA Way of Water, a waterfront residential project featuring 65 luxury residences in Dubai's Business Bay district, is targeting certification for electromagnetic exposure alongside top international wellness and sustainability standards. The premium development is due for completion in 2028.
UAE professionals are putting down career roots in the country, but many are still staying on the sidelines of the professional networks that could help them access visibility and opportunity.
Primark, the international fashion retailer, is set to make its debut in the kingdom later this month with the launch of its new outlet at City Centre Bahrain, being set up in partnership with Alshaya Group. This will be followed by the opening of the company's new outlet at Doha Festival City on October 29.
Network International (Network), a leading fintech company, has launched its regional acquiring capability that enables merchants to seamlessly accept payments across GCC markets through a single integration.
Magna AI, the global integrated-value-chain sovereign AI transformation leader powered by NVIDIA, has announced a strategic partnership with MBUZZ, a Saudi-headquartered ICT infrastructure company, that will see the duo deliver AI infrastructure and transformation services to enterprises across MEA region.
General Motors Africa and Middle East (GM) has been recognised in Saudi Arabia for its contribution to the development of Internet of Things (IoT) capabilities.
More than 2,000 African and global business leaders plus heads of state will gather in New York from September 20 to 21 to take part in Unstoppable Africa.
The United States has sharply escalated its confrontation with Iran, striking three Iranian crude oil tankers after the Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles towards two US Navy warships in regional waters, in the latest tit-for-tat exchange.
