Saudi Arabia intercepted and destroyed a ballistic missile fired by Yemen's Houthi militia towards Riyadh early Saturday, as the Iran-aligned group stepped up attacks on the Kingdom, drawing condemnation of its actions from Gulf and Arab states.
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Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
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Hyundai Engineering Company has announced that its consortium has completed the work on the first phase of Jafurah Gas Processing Facilities Project in Saudi Arabia for global oil giant Aramco. The project, which began in November 2021, was executed over a 45-month period.
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Aldar on Friday announced that Saadiyat Grove, a new experiential luxury retail and fine dining destination in Abu Dhabi’s Saadiyat Cultural District, will open in the fourth quarter of 2026.
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A tangible sense of confidence and optimism ran through Arabian Travel Market 2026, which concluded in Dubai on Thursday with major announcements and deals.
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Oil prices fell about 1% on Friday, extending losses for a third consecutive session, even as Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes and a tanker was hit in the Strait of Hormuz, with markets focusing instead on efforts to restore Saudi oil flows and alternative routes for Gulf exports.
Lamprell, a leading provider of contracting services to the energy sector, has announced that it has been signed up as part of a consortium with Indian construction and engineering conglomerate Larsen & Toubro (L&T) for a major offshore engineering, procurement, construction and installation project in UAE.
Leading UAE developer Aldar has announced the launch of Talay, an exclusive collection of 351 standalone villas marking the first residential community at Marsa Al Saadiyat. The 6.4 million-sq-m development is located alongside an Etihad Rail underground station and includes 8 km of coastline.
Growth in the non-oil private sectors of GCC economies accelerated in August, with output and new orders increasing at a faster pace and supplier delivery times improving, despite continued geopolitical uncertainty, according to top ratings agency S&P Global.
The Middle East conflict has dealt a major blow to tourism in the region and begun to weigh on travel demand far beyond its borders, with international tourist arrivals in the Middle East plunging 22% in the first half of 2026 as global tourism managed only modest growth of 0.4%.
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed nine new joint marketing partnerships with Indian travel companies to bring 75,500 additional visitors to the emirate, widening connections with Abu Dhabi’s number one source market.
Dubai developer Nakheel has awarded the main construction contract worth over AED800 million ($218 million) to Metac General Contracting for key phases of Bay Grove Residences on Dubai Islands. The deal covers the construction of 537 one- to four-bed homes across seven buildings.
Kempinski Group, Europe’s oldest luxury hospitality company, has announced the launch of its prime development in Dubai - Kempinski Residences The Creek- featuring 279 luxury apartments surrounded by natural landscapes, offering a serene lifestyle complemented by premium amenities and exquisite services.
Central banks in the UAE, Saudi Arabia and Bahrain raised their key interest rates by 25 basis points on Wednesday, following the US Federal Reserve's decision to increase its benchmark rate for the first time since 2023 amid renewed inflationary pressures.
Saudi-based East Pipes Integrated Company for Industry has announced that it has secured a contract worth SAR771 million ($203.3 million) from Saudi energy giant Aramco for the manufacture and supply of steel pipes for key projects in the kingdom.
Electricity systems are becoming increasingly low-carbon and diverse, but generation costs are also rising, according to a new analysis by the Nuclear Energy Agency (NEA) and Electric Power Research Institute (EPRI).
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has signed a sponsorship agreement with The STR Club for its 2026 programme of global webinars, leadership workshops and industry events, supporting Abu Dhabi’s position in the global short-term rental (STR) and alternative accommodation sector.
Dubai Chamber of Digital Economy and Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), will enhance funding opportunities for seven technology startups.
Oil, gold and silver have followed markedly different trajectories over the past six months, as geopolitical tensions, changing US interest-rate expectations reshape global commodity markets. Oil has responded to geopolitical developments, while gold has been driven primarily by monetary policy and silver by both rates and industrial demand, said an expert.
Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding and Reportage Group, has announced the launch of The Wadi, a AED6 billion ($1.6 billion) mixed-use residential development located on Yas Island. It boasts a total of 3,950 residential units with a mix of studio units to three-bedroom apartments.
Over 100 speakers and around 3,000 participants will take part in the fifth edition of the Healthcare Leaders Summit – Abu Dhabi 2026 from September 22 to 23.
Dubai's low-cost carrier flydubai has announced a strategic partnership with Egnatia Aviation and Skyborne Airline Academy to help boost its pilot training programme. This comes as part of the airline's long-term strategy to build a more sustainable pipeline of skilled pilots for its expanding fleet.
talabat, MENA’s leading everyday app, has appointed Selin Suzer as Chief Marketing Officer.
The Abu Dhabi Securities Exchange (ADX) Group and Al Ramz Capital announced the launch of Round 4 of the Al Ramz Investment and Trading Competition, continuing their joint efforts to strengthen financial literacy and encourage a long-term approach to investing across the UAE.
Dubai Chamber of Digital Economy and Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), will enhance funding opportunities for seven technology startups.
The Saudi Industry Forum 2026 has discussed opportunities to develop the automotive industry and build integrated local supply chains
Club Hawaii @ Bahrain Surf Park, a first-of-its-kind surf and leisure destination at Bilaj Al Jazayer development in Bahrain has achieved a major construction milestone with the completion of lagoon filling ahead of its opening this year. Once operational, the surf park will generate up to 1,000 waves per hour.
The Al-Manshiyah Farmers Market, held as part of the AlUla Date Season, serves as an economic platform for farmers and families working in the cottage industry to showcase their crops and products to visitors.
