The UAE General Civil Aviation Authority (GCAA) has announced the commencement of exceptional flight operations at UAE airports, enabling stranded passengers affected by recent regional developments to depart, in line with the schedules to be announced by airlines to affected passengers and the relevant destinations.
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Escalating tensions in the Middle East have sent shockwaves through global markets, pushing oil and gold sharply higher and raising questions on near-term outlook for regional equities, said a financial expert. Brent crude surged by 13% to $82 a barrel driven by fears of disruption in Strait of Hormuz.
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A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.
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QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City, the company said.
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Iran’s retaliatory strikes across the Gulf have disrupted some business activity in one of the world’s most trade-dependent regions, forcing temporary airport closures, interrupting port operations and unsettling financial markets , while the private sector remains resilient according to authorities.
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US President Donald Trump has indicated that the war with Iran could continue for up to four weeks, warning that further American casualties are likely as fighting intensifies across the region.
Britain is preparing for a mass evacuation of tourists and expats stranded in the Gulf due to the present conflict in the area via Saudi Arabia, a Daily Mail report said.
The UAE capital markets, Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM)) will remain closed on Monday and Tuesday (March 2 and 3), the UAE Capital Market Authority has announced.
The Iranian attacks on GCC countries and Jordan constitute a serious violation of the sovereignty of these countries, the principles of good neighbourliness, and a clear breach of international law and the Charter of the United Nations, regardless of any justifications or pretexts, the Ministerial Council of the Gulf Cooperation Council (GCC) said.
Global oil prices surged on Monday as escalating hostilities in the Middle East rattled energy markets, raising fears of a prolonged supply disruption from one of the world’s most critical oil-producing regions.
OPEC Plus agreed to raise April oil output by 206,000 barrels per day, citing stable market conditions and falling inventories, while maintaining flexibility to gradually reinstate its 1.65 million bpd voluntary production cuts if needed.
Aviation across the Gulf and beyond descended into turmoil after US and Israeli strikes on Iran triggered retaliatory missile and drone attacks across the region, forcing several Gulf states to shut or restrict their airspace and suspend commercial flights.
At least three tankers were damaged off the Gulf coast after US and Israeli strikes on Iran triggered Iranian retaliation that put merchant ships at risk of collateral damage, Reuters said quoting shipping sources and officials.
An Iranian Jamaran-class corvette was struck by US forces during the start of Operation Epic Fury, said US Central Command. The ship is currently sinking to the bottom of the Gulf of Oman at a Chah Bahar pier, it said.
Oman-based Sorouh Al Qurm Real Estate has announced plans to develop an integrated tourism complex at an investment of RO230 million ($596 million) in Muscat. Spanning 165,000 sq m, the ITC will boast two four-star hotels along with residential and retail units as well as a range of recreational facilities.
Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City.
Oman-based Sorouh Al Qurm Real Estate has announced plans to develop an integrated tourism complex at an investment of RO230 million ($596 million) in Muscat. Spanning 165,000 sq m, the ITC will boast two four-star hotels along with residential and retail units as well as a range of recreational facilities.
Oman's Public Establishment for Industrial Estates (Madayn) has signed three investment contracts to localise new industrial projects in the Polyethylene Terephthalate (PET) sector spanning recycled plastics, oil refining and polymer processing at its Al Suwaiq Industrial City.
Escalating tensions in the Middle East have sent shockwaves through global markets, pushing oil and gold sharply higher and raising questions on near-term outlook for regional equities, said a financial expert. Brent crude surged by 13% to $82 a barrel driven by fears of disruption in Strait of Hormuz.
RAK Properties, a leading UAE real estate developer, has announced the sales for Lunara on The Strand, a prime development featuring 583 homes across a collection of three connected towers within the Marjan Beach District in Ras Al Khaimah. The project is set for completion in Q1 2029.
PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.
AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.
City Centre Bahrain has announced it will temporarily close as a precautionary measure, with the safety and well-being of visitors, partners, and colleagues cited as the absolute priority, said a report by our sister publication GDN.
The Dubai Financial Services Authority (DFSA), the independent banking, financial services and markets regulator of Dubai International Financial Centre (DIFC), has announced the temporary closure of Nasdaq Dubai, effective March 2 to 3, 2026.
Amazon cloud unit's data centres in Bahrain and the United Arab Emirates were facing connectivity issues on Monday, a Reuters report said quoting the company.
Abu Dhabi’s transport regulator has initiated a pilot programme for autonomous freight trucks - in tieup with global company Autotech - a move aimed at preparing regulatory frameworks for the commercial rollout of driverless logistics services. It was implemented within Khalifa Economic Zones Abu Dhabi (Kezad).
Qatar’s Ministry of Interior announced on Sunday that Civil Defence responded to a minor fire in the industrial area caused by debris falling after a missile was intercepted.
Qatar's Ministry of Defense announced on Monday that its armed forces had shot down two Iranian aircraft and intercepted several missiles and drones targeting the country.
