Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and Development (UNCTAD) study has warned.
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Globalisation remained at a historically high level at 25% in 2025 – despite escalating geopolitical tensions, rising US tariffs, and uncertainty about future trade policies, says a report.
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The United States has temporarily eased sanctions on Russian oil by allowing countries to purchase cargoes already stranded at sea, as Washington seeks to contain a fresh surge in crude prices triggered by Middle East supply disruptions and fears over restricted energy flows through the Gulf.
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Markets are facing a 'double whammy' of energy volatility and trade tensions flaring up again, says a financial expert amid escalating conflict involving Iran, while the Trump administration simultaneously launches sweeping new trade investigations targeting many of the world’s largest economies.
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The escalating conflict in the Middle East is costing the region’s Travel & Tourism sector about $600 million a day in lost international visitor spending, as disruptions to air travel, declining traveller confidence and weakened regional connectivity begin to hit demand, according to the World Travel & Tourism Council (WTTC).
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Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of prolonged disruptions at the Strait of Hormuz.
Shipping across the Gulf and the strategic Strait of Hormuz remained severely disrupted as attacks on commercial vessels intensified amid the conflict between Iran and US–Israeli forces.
The Central Bank of Bahrain (CBB) affirmed that the kingdom’s banking and financial sector continues to operate at the highest levels of readiness amid the current regional developments and the repercussions of the Iranian aggression taking place in the region.
In the Strait of Hormuz, hundreds of ships appear on maps where they should not exist. GPS signals that tankers rely on to navigate safely are being scrambled, revealing a new battlefield of invisible electronic warfare. What was once a tool for convenience has become a potential hazard, says an expert.
Ras Al Khaimah Economic Zone (Rakez) has expanded its self-storage offering amid growing demand from individuals and businesses seeking secure and flexible storage solutions in the emirate. These units, located at Al Hamra Industrial Zone, are designed to cater to a variety of storage needs.
Oman’s Public Establishment for Industrial Estates (Madayn) will invest RO245 million ($637 million) in infrastructure and development projects across its industrial cities between 2026 and 2030 as part of efforts to boost investment and economic diversification, said its top official.
Shipping through the strategic Strait of Hormuz remained severely disrupted on Wednesday as Iran intensified actions aimed at blocking the critical waterway, including attacks on tankers and suspected mine-laying operations
Iran continued its attacks on civilian and economic infrastructure across the Gulf on Wednesday, showing no respite in the ongoing Middle East conflict as regional air defence systems intercepted waves of drones, ballistic missiles and other aerial threats targeting key cities, airports and energy facilities.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister, in his capacity as the Ruler of Dubai has issued Law No. (4) of 2026 regulating the management and occupancy of shared housing in Dubai.
Bahrain's Electricity and Water Authority (EWA) has announced the launch of an international tender for the development of Bilaj Al Jazayer Solar IPP with a planned capacity of up to 100 MWac. The key solar farm is set for commercial operations in September next year.
Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utilities companies in Europe, the Middle East and Africa, on Friday announced that its shareholders have confirmed the composition of its new Board of Directors following the company’s Annual General Assembly.
Bahrain's Nationality, Passports and Residence Affairs (NPRA) has announced that all visit visa holders currently residing in the kingdom whose permitted stay expired on or after February 28, will be exempted from overstay fines for an additional period of one month.
Globalisation remained at a historically high level at 25% in 2025 – despite escalating geopolitical tensions, rising US tariffs, and uncertainty about future trade policies, says a report.
Shipping disruptions through the Strait of Hormuz, one of the world’s busiest maritime corridors, are sending ripple effects far beyond the Middle East, threatening energy markets, freight costs and global supply chains, a United Nations Conference on Trade and Development (UNCTAD) study has warned.
The King Salman Park Foundation has awarded a major development contract for a mixed-use district being set up in Riyadh’s King Salman Park to a consortium led by Kolaghassi Development Company. The premium Metro-linked district is being developed at an investment of SAR11 billion ($3 billion).
The United Nations Children’s Fund (UNICEF), in partnership with MBRGI and the Children’s Investment Fund Foundation (CIFF), has announced a major new $300 million partnership to help save 3 million children from malnutrition.
Dubai-based Union Properties has sealed a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Industrial Liaison Programme in a move aimed at developing future-oriented models to help accelerate technology-led transformation in real estate.
Dubai International Financial Centre (DIFC) has announced the successful completion and phased handover of DIFC Square ahead of schedule. Spanning over 600,000 sq ft, the development forms an ensemble of three interconnected glass façade buildings with dedicated parking facilities and retail spaces.
Standard Chartered Bahrain has confirmed that its operations across the Kingdom remain fully functional and continue to run at full capacity.
In the Strait of Hormuz, hundreds of ships appear on maps where they should not exist. GPS signals that tankers rely on to navigate safely are being scrambled, revealing a new battlefield of invisible electronic warfare. What was once a tool for convenience has become a potential hazard, says an expert.
Abu Dhabi’s Integrated Transport Centre (ITC), an affiliate of the Department of Municipalities and Transport, has announced the expansion of the commercial operations of autonomous taxi services on Yas Island.
Kuwait has banned holding social gatherings, weddings and plays during Eid al-Fitr period, citing security concerns.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has issued Law No. 6 of 2026 on violations, penalties, and administrative measures in the Emirate of Dubai, in his capacity as the Ruler of Dubai.
