NEAR-RECORD PASSENGER LOADS

Etihad enters its biggest summer yet with 10% more capacity, 300 daily flights

Tue, 16 Jun 2026

Etihad Airways is entering its largest summer season ever, operating more than 300 daily flights, carrying near-record passenger loads and launching or returning nine destinations within days as demand for travel to, from and through Abu Dhabi continues to accelerate, the Abu Dhabi-based airline said.

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STRAIN OF HORMUZ OPEN, SAYS TRUMP

US, Iran sign framework deal; plan for $300bn fund for Iran reconstruction

Tue, 16 Jun 2026

The United States and Iran have signed a preliminary agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, sanctions relief for Tehran and a new round of negotiations on Iran's nuclear programme.

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$15bn CONTRACTS LIKELY SOON

Al Maktoum International Airport first phase work on track for 2032 opening

Mon, 15 Jun 2026

Dubai has confirmed that the first phase of Al Maktoum International Airport remains on track for a 2032 opening, with major construction milestones achieved and AED13 billion ($3.5 billion) in contracts underway as preparations advance for future awards worth AED55 billion ($15 billion).

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AFFORDABILITY PRESSURES

Saudi Arabia residential market records sharp slowdown: report

Mon, 15 Jun 2026

Saudi Arabia's residential market recorded a sharp slowdown in activity during Q1 2026, with transaction volumes falling by 50% year-on-year, according to an analysis by global property consultancy, Knight Frank.

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ANALYSIS

World's first trillionaire 'shows next wave of wealth creation'

Fri, 12 Jun 2026

Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.

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Top This Week

Kuwait fund joins NVIDIA, KKR and Vistra to launch $10bn AI infrastructure firm

Sun, 14 Jun 2026

The Kuwait Investment Authority (KIA) has joined forces with artificial intelligence (AI) ⁠chip giant NVIDIA, private equity firm KKR and US integrated power generation firm Vistra to launch a new AI infrastructure company - Helix Digital Infrastructure - at a total investment of over $10 billion in long-duration capital commitments.

Trump says Iran deal will be signed today, Tehran unsure

Sun, 14 Jun 2026

US President Donald Trump said an agreement with Iran is scheduled to be signed on Sunday and would lead to the reopening of the Strait of Hormuz, but Iranian officials indicated that significant differences remain and denied that a final deal was ready for signature.

UAE denies media reports on transfer of funds to Iran

Sun, 14 Jun 2026

The United Arab Emirates has categorically denied reports published by certain international media outlets alleging the transfer of funds from the UAE to Iran, including allegations concerning $3 billion.

Iran peace deal looms while new military action flares near Hormuz

Sat, 13 Jun 2026

The US and Iran have signaled that an agreement to end their war was close, with a senior US administration official saying both sides had agreed on a text and that Washington ​expects to sign an initial deal soon, said media reports. Hours after the White House statement on the deal, the US military had it had downed multiple Iranian drones near the Strait of Hormuz.

Elon Musk becomes first trillionaire as SpaceX shares begin trading

Fri, 12 Jun 2026

SpaceX went public Friday, with shares trading at just above $150 in a hotly anticipated initial public offering that values Elon Musk’s rocket and AI company at $2 trillion. With this, Musk has now made history as the world’s first trillionaire.

IHC starts $490m initial purchase under approved share buyback programme

Fri, 12 Jun 2026

IHC, a global investment company focused on building dynamic value networks, has launched its second share buyback programme, with an initial tranche of AED1.8 billion ($490 million) allocated for the repurchase of its shares.

Etihad, DCT Abu Dhabi launch free medical travel insurance for visitors to Abu Dhabi

Fri, 12 Jun 2026

Etihad Airways and Department of Culture and Tourism (DCT) Abu Dhabi have launched a complimentary medical travel insurance scheme for international visitors flying to Abu Dhabi on Etihad flights.

World Bank sees weakest global growth since COVID as Mideast conflict hurts

Fri, 12 Jun 2026

The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs , according to the World Bank Group’s latest Global Economic Prospects report.

Abu Dhabi Chamber, Invest Shanghai to strengthen economic, trade cooperation

Fri, 12 Jun 2026

The Abu Dhabi Chamber of Commerce and Industry and the Shanghai Foreign Investment Development Board (Invest Shanghai) have signed a strategic memorandum of understanding (MoU) during the chamber's participation in the Abu Dhabi Investment Forum (ADIF) in Shanghai.

Dar Global marks 5th anniversary with $23bn development portfolio

Tue, 16 Jun 2026

Dar Global, the London-listed luxury real estate developer, is marking its fifth anniversary following a period of rapid international expansion that has transformed the company into a $23 billion global real estate platform serving investors from more than 125 nationalities.

Abu Dhabi hosts India’s travel leaders to drive next phase of growth

Tue, 16 Jun 2026

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), in collaboration with Etihad Airways and leading tourism stakeholders, has concluded a C-level trade visit from India, reinforcing long-standing partnerships and setting a clear direction for the next phase of growth across one of the emirate’s most important source markets.

World's first trillionaire 'shows next wave of wealth creation'

Fri, 12 Jun 2026

Elon Musk has become the world’s first trillionaire, a milestone that offers investors a glimpse into where the next generation of “extraordinary wealth creation is likely to emerge”, affirms Nigel Green, CEO of global financial advisory deVere Group.

Destination Wedding Planners Congress to be held in India in October

Thu, 11 Jun 2026

QnA International, the organiser behind the world's most prestigious B2B platform for destination weddings, has announced the 17th edition of the Destination Wedding Planners (DWP) Congress — marking a landmark moment as the Congress sets foot on Indian soil for the very first time.

AI can help in climate prediction, but adoption challenges remain: report

Mon, 15 Jun 2026

Artificial intelligence could significantly improve the world's ability to predict and respond to climate-related disasters by enabling faster forecasting and more effective early warning systems, according to a new report. However, AI's potential will only be realised if the technology is trusted and adapted to local conditions, it said.

DMCC plans new learning and intelligence platforms

Tue, 16 Jun 2026

DMCC, a leading international business district that drives the flow of global trade through Dubai, has announced plans to launch DMCC Campus and DMCC Intelligence, two new platforms aimed at helping businesses, governments and institutions respond to the forces reshaping global trade.

Tennis icon Ons Jabeur to launch signature watch collection with Nuncier

Mon, 15 Jun 2026

Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces.

UAE VAT and excise tax collection jumps 15% in 2025 to $12.53bn

Tue, 16 Jun 2026

The UAE Ministry of Finance (MoF) announced that the total revenues collected from Value Added Tax (VAT) and Excise Tax and distributed to the federal and local governments exceeded AED46 billion ($12.53 billion) in 2025, up from approximately AED41 billion in 2024, reflecting a year-on-year increase of 15%.

Mubadala takes $200m stake in Greenlink JV

Tue, 16 Jun 2026

Mubadala Investment Company, an Abu Dhabi sovereign investor, has acquired $200 million worth of Equitix’s stake in Greenlink, a joint venture between Equitix and Baltic Cable which operates a 504 MW subsea electricity interconnector linking Great Britain with Ireland.

Blacklane joins Skywards Everyday as first chauffeur service partner

Wed, 10 Jun 2026

Blacklane, a global chauffeur service, has joined Emirates Skywards through Skywards Everyday in the UAE, becoming the programme’s first chauffeur service partner.

Tennis icon Ons Jabeur to launch signature watch collection with Nuncier

Mon, 15 Jun 2026

Global tennis icon Ons Jabeur has formally signed a strategic partnership agreement with GCC-based watch brand Nuncier to develop a signature line of timepieces.

US, Iran sign framework deal; plan for $300bn fund for Iran reconstruction

Tue, 16 Jun 2026

The United States and Iran have signed a preliminary agreement aimed at ending months of conflict and paving the way for the reopening of the Strait of Hormuz, sanctions relief for Tehran and a new round of negotiations on Iran's nuclear programme.

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