The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade puts a recovery of ocean supply chain networks at mid-September 2026, in a best-case scenario, says Xeneta, an ocean and air freight intelligence platform.
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The United States has lifted its naval blockade of Iran and commercial shipping has begun cautiously returning to the Strait of Hormuz after Washington and Tehran signed an interim agreement aimed at ending months of conflict in the Gulf.
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The UAE Cabinet has issued a resolution setting the minimum age for social media use at 15 years. Children below this age are prohibited from creating, using, or operating personal accounts on social media platforms.
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The UAE has maintained its position as the world's fifth most competitive economy while ranking first globally in Economic Performance in the 2026 IMD World Competitiveness Ranking, reinforcing its status as one of the world's most resilient and future-ready economies.
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As the Artificial Intelligence (AI) initiatives move from experimentation to production, fragmented log management from too many tools is emerging as a key barrier to operational scale. The rapid growth of AI workloads is pushing traditional log management approaches to their limits, said an expert.
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Bahrain's Ministry of Housing and Urban Planning (MoHUP) has received two bids for Madinat Khalifa housing project, a landmark private-sector housing development comprising more than 2,500 units under the kingdom's Government Land Development Programme (GLDP).
Knowledge Economic City (KEC) has announced that it has secured a SAR150 million ($40 million) shariah-compliant financing facility from Saudi-based Riyad Bank to fund the construction work on the first two clusters within Phase I of its Islamic World District project.
Dar Global, the London-listed developer, has awarded the design-and-build contract for its Rayana community at Wadi Safar located within the mega Saudi development Diriyah. The scope of work includes delivery of primary infrastructure including the earthworks, roads and utility networks.
e& UAE today announced it has awarded a contract to a strategic infrastructure partner to roll out the world’s first commercial mobile network using Upper 6GHz (U6GHz) 256TRX Giga-MIMO technology.
The global oil market could swing into a substantial surplus next year as production recovers sharply following the US-Iran peace agreement and the gradual reopening of Gulf energy routes, according to the latest outlook from the International Energy Agency (IEA).
Oil prices declined further on Thursday, following the release of the text of the interim agreement signed by the US and Iran.
The 14-point memorandum of understanding (MoU) signed by the United States and Iran aims to reopen the Strait of Hormuz while offering Tehran a pathway to significant economic relief. However, it defers many of the most contentious issues that fuelled the recent conflict to subsequent negotiations.
Gulf Partners Group, a management-led GCC private markets firm based in Bahrain, together with Payward, the unified infrastructure platform and parent company of both NinjaTrader and digital asset platform Kraken, has announced the closing of a $100 million senior secured private credit facility for US-based NinjaTrader Group Holding.
King Salman Energy Park (SPARK) has signed an agreement with Pan Kingdom Real Estate to develop an integrated industrial complex comprising 168 ready-built industrial units across 214,000 sq m area within the mega development in the Eastern Province of Saudi Arabia.
VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company, has secured a major contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company, has secured a major contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
The Future Hospitality Summit (FHS) Saudi Arabia, opening in Riyadh on 22 June, will bring together investors, developers and industry leaders to accelerate hospitality and tourism growth across the Kingdom.
VA Tech Wabag, a leading multinational water technology company based in India, has announced that its joint venture with Heavy Engineering Industries & Shipbuilding Company, has secured a major contract worth KD114.3 million ($372 million) for a SWRO desalination plant in Kuwait.
The US-Iran deal should allow a return of container shipping to the Strait of Hormuz, but the scale of disruption caused by the blockade puts a recovery of ocean supply chain networks at mid-September 2026, in a best-case scenario, says Xeneta, an ocean and air freight intelligence platform.
Ellington Properties, a leading design-led real estate group, has announced the launch of its newest residential development, Everly Place, located at Meydan Horizon in Dubai featuring 209 residences across a curated mix of one - to three-bedroom apartments overlooking the crystal lagoon.
Amanat Holdings, a leading listed healthcare and education company in the GCC, today announces it has acquired an additional 10.03% stake in Cambridge Health Group (CHG) for AED105 million ($28.59 million), completing the full 100% acquisition of CHG.
Manipal Academy of Higher Education (MAHE) Dubai Campus has signed a memorandum of understanding (MoU) with Fluid Codes, Dubai, an Ansys (part of Synopsys) Elite Channel Partner, to establish the MAHE Dubai x Fluid Codes Centre of Excellence for Engineering Design & Simulation.
The UAE has announced the launch of its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscription process. The sukuk will be offered through an IPO-style subscription framework.
Bahrain Bourse said it had recently celebrated the ‘Bahrain Capital Market Day 2026’ at the London Stock Exchange, reaffirming the kingdom's commitment to strengthening international investor engagement and advancing its capital market ecosystem.
Boards across Middle East are emerging as the most forward-looking and tech-focused globally, leading the world on AI governance. However skills and subject matter expertise remain the region’s biggest barrier to better board decision-making, said an expert.
Nissan Middle East closed Fiscal Year 2025 (April 2025 to March 2026) by delivering a landmark financial and commercial performance, concluding the period as the most profitable year on record for the regional entity.
The Abdul Latif Jameel group, led by Chairman Mohammed Abdul Latif Jameel, takes the top spot in the Forbes Middle East Top 100 Family Businesses 2026 list.
A boat carrying 61 migrants has sank off the coast of the eastern Libyan city of Tobruk, leaving 51 people dead or missing, said a report, citing the Al Abreen Foundation for Migrants and Humanitarian Services. Ten migrants survived the shipwreck while search is on for the remaining missing migrants.
