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.
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The US and Israel are planning 'one of the harshest bombing campaigns to date' against energy infrastructure targets in Iran, multiple sources told CBS News, with strikes possible throughout the weekend in a move that would mark a further escalation of regional tensions.
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Spanish engineering company Técnicas Reunidas has announced that it has secured two major contracts worth a total of more than $5.75 billion from Abu Dhabi National Oil Company (ADNOC) to provide engineering, procurement, construction and installation services for its Upper Zakum megaproject.
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2PointZero Group, a leading Abu Dhabi-based investment holding firm, reported a revenue of AED 21.9 billion ($5.96 billion) for the first half of 2026, delivering a group net profit of AED7.7 billion ($2.1 billion).
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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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Almar Water Solutions, a part of Jameel Environmental Services and a global leader in water infrastructure development and services, has secured a $940 million contract from Saudi oil giant Aramco to expand its Zuluf Water Treatment Project, thus increasing its treatment capacity to 308,000 cu m/day.
Jasara Program Management Company, a Saudi PIF venture, has entered into an agreement with Diriyah Company to provide project and construction management services for Royal Diriyah Opera House and Grand Mosque as well as other key projects centered around the grand avenue in Diriyah.
Leading UAE telco e& Group has recorded strong growth in its consolidated revenue for the first six months of the year hitting AED38.1 billion ($10.3 billion), an increase of 11.6% over last year. The positive momentum was reflected in its consolidated net profit, which soared to AED6 billion ($1.6 billion).
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.
Mashreq Bank has announced record profit before tax of AED4.8 billion ($1.31 billion) for the first half of 2026, up 18% year-on-year, on operating income of AED6.8 billion ($1.85 billion).
The Emirate of Dubai's population reached 4.580 million by the end of 2025, an increase of approximately 332,000 people compared to the end of 2024, representing a growth of 7.5%, it has been revealed.
Qatar's QAR4.5 billion ($1.24 billion) project to build 14 new schools under the second package of its Schools Development Program has reached approximately 80% completion, marking a significant milestone in the country's efforts to expand education infrastructure through the public-private partnership (PPP) model.
Dubai added 24,800 new units to its residential real estate inventory in H1 2026, a rise of nearly 38% compared to the same period last year and 12% more than in H2 2025, according to leading real estate advisory and property consultancy, Cavendish Maxwell.
Total gold demand during Q2 2026 was flat year-on-year at 1,269 tonnes, as the gold price eased from the record highs seen at the start of 2026, the World Gold Council’s Gold Demand Trends report revealed.
Shaker Group, a leading manufacturer and distributor of air conditioners and home appliances in Saudi Arabia, has reported SAR743.1 million ($198.2 million) revenue for the first half, down 3.4% from the same period last year, mainly due to a decline in its HVAC solutions business.
Kuwait Oil Company (KOC) said it has awarded 129 contracts worth about KD2.2 billion ($7.2 billion) during the first half of 2026 as it stepped up investments to expand oil production capacity, strengthen drilling and exploration activities as well as modernise oilfield infrastructure.
Exhibition World Bahrain (EWB) has announced that bookings are now open for its EWB Culinaire catering and hospitality services, offering customised dining solutions for exhibitions, corporate events, weddings, private functions and large-scale occasions.
Shaker Group, a leading manufacturer and distributor of air conditioners and home appliances in Saudi Arabia, has reported SAR743.1 million ($198.2 million) revenue for the first half, down 3.4% from the same period last year, mainly due to a decline in its HVAC solutions business.
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.
Uptime Institute and Tech964 Holding Limited (T964), Iraq’s leading digital infrastructure company, have announced a landmark strategic partnership to accelerate Iraq’s digital transformation.
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.
Abu Dhabi-based Investcorp Capital has reported a sharp decline in its annual profit for the fiscal year ended June 30, 2026 which fell to $44 million from $81 million last year as higher financing costs and timing of private market exits weighed on earnings.
Dubai Future Foundation (DFF) has joined forces with leading robotic vehicle technology company Oxa for the launch of its autonomous logistics future lab in Dubai through a joint venture named SHIFFT. The initiative aims to accelerate the development and deployment of next-generation autonomous logistics solutions, reinforcing Dubai's position as one of the world's leading hubs for intelligent logistics services.
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).
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.
