India on Tuesday condemned an attack on an Indian-flagged commercial vessel that sank in the Red Sea off Yemen after being struck by a projectile, as New Delhi renewed calls for an end to attacks on merchant shipping in one of the world's busiest maritime corridors.
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The UAE's real gross domestic product grew by 3 percent in the first quarter of 2026 to reach AED485 billion ($132.06 billion) at constant prices, while non-oil GDP grew by 4.8 percent, raising its contribution to 79.4 percent of the national economy.
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Saudi Aramco reported a strong financial performance for the first half of 2026, posting adjusted net income of $67.2 billion, as the world's largest oil producer maintained crude supplies despite unprecedented disruptions to shipping through the Strait of Hormuz.
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A fresh attack on a commercial vessel near the Strait of Hormuz and the diversion of Saudi-operated tankers away from the Red Sea underscored mounting risks to global energy supplies on Tuesday, even as the US and Iran issued conflicting statements over the status of negotiations.
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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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Nujuma, a Ritz-Carlton Reserve, has become one of the world’s first resorts to receive the newly launched DarkSky Approved Resort certification, developed by DarkSky International in collaboration with Red Sea Global.
Etihad Rail, the developer and operator of the UAE’s national railway network, has announced that its passenger network will continue to expand with Dubai and Al Dhaid stations scheduled to open on September 30, 2026.
Sohar International Bank has announced the successful completion of its OMR149.3 million ($388.3 million) rights issue.
Average data breach cost in the Middle East reached $8 million in 2026, with one in four malicious breaches being AI-enabled, says a news IBM study.
Emirates NBD Egypt, a 100% owned subsidiary of Emirates NBD Bank, has entered into definitive agreements to acquire the retail banking business of HSBC Bank Egypt, an indirect subsidiary of HSBC Holdings.
Diplomatic efforts to defuse the Gulf crisis are expected to gain fresh momentum on Monday as the United States and Iran prepare to resume negotiations, following US President Donald Trump's decision to suspend a planned military strike against Iran.
Saudi-based SAL Logistics Services Company said it has completed the acquisition of 100% stake in leading Belgian ground handling and cargo company Aviapartner Liege, thus marking its first operational presence outside the kingdom and expanding its network to 20 stations.
Saudi Arabia's National Company for Glass Industries (Zoujaj) has announced that it has resumed operations at a production line that was damaged by a fire last year, while raising its estimate of repair costs and business interruption losses.
US President Donald Trump has announced that he is cancelling planned military strikes against Iran, saying significant progress in negotiations has created an opportunity for a broader agreement aimed at easing tensions in the Middle East.
The State Properties General Authority (SPGA) and the National Center for Privatization & PPP (NCP) have announced the qualification of eight companies and consortiums to participate in the tender for the Quality Valley Riyadh Project, a major mixed-use development planned on the headquarters site of the Saudi Standards, Metrology and Quality Organization (SASO) in Riyadh.
Senaat (formerly Zamil Industrial Investment Company) has announced that its key subsidiary, Zamil Steel, has achieved a major industrial milestone by delivering specialised process equipment for the Fadhili Gas Increment Project (Package 4) for Saudi Aramco and Samsung E&A.
Marriott Hotel Al Forsan, Abu Dhabi has appointed Lotachukwu (Lota) Monyei as Director of PR & Marketing, a strategic move to strengthen the hotel's brand presence and reputation.
Senaat (formerly Zamil Industrial Investment Company) has announced that its key subsidiary, Zamil Steel, has achieved a major industrial milestone by delivering specialised process equipment for the Fadhili Gas Increment Project (Package 4) for Saudi Aramco and Samsung E&A.
Dubai’s real estate market continued to consolidate its position among the strongest property markets worldwide in 2026, supported by a comprehensive range of economic and investment indicators reflecting strong demand, high liquidity, sustained capital inflows and an increasingly advanced regulatory and digital ecosystem, according to W Capital Real Estate Brokerage.
Dubai’s luxury real estate developers must treat wellness as the new baseline for how homes are designed and built, as global demand grows for healthier living environments. The next phase for the industry is collaboration rather than competition, said a leading UAE developer.
Dubai Investments has announced that it has fully acquired Clemenceau Medical Center Dubai, a leading tertiary care hospital in UAE, after boosting the group's ownership from 20% to 100%. The transaction was structured through one of its key units - Dubai Investments Industries.
Saudi Arabia's Qiddiya Investment Company has announced PlayPath, a new mid-career recruitment and development initiative designed to attract, develop, and accelerate Saudi engineering talent supporting the delivery of Qiddiya City.
Advanced Building Industries Company (Senaat) has announced that its key subsidiary, Zodcon, has secured a mechanical, electrical and plumbing (MEP) services contract for a mall project in Makkah. The entire work will be completed within a 15-month period.
Dubai International Financial Centre (DIFC) has announced updates to the Prescribed Company (PC) Regulations, which are designed to broaden the use of PCs, DIFC’s equivalent of Special Purpose Vehicles or SPVs.
Meeza, a leading data centre and managed IT services provider, has announced that it has secured an additional QAR1.6 billion ($432 million) in funding from Qatar's Dukhan Bank to accelerate the delivery of its data centres, which will together add 44MW of capacity to its portfolio.
Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the UAE, said DTC maintained resilient operations during Q2 2026 and H1 2026 despite a challenging operating environment across much of the quarter.
UFC, the world's premier mixed martial arts organisation, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), is kicking off Abu Dhabi Showdown Week on Yas Island with an action-packed programme of fan experiences, athlete appearances and live events ahead of UFC Fight Night: Ankalaev vs Guskov at Etihad Arena on Saturday (July 25).
Diplomatic efforts to defuse the Gulf crisis are expected to gain fresh momentum on Monday as the United States and Iran prepare to resume negotiations, following US President Donald Trump's decision to suspend a planned military strike against Iran.
