The United States launched a second consecutive day of major military strikes against Iran on Tuesday, targeting about 90 military sites along its coastline, as Tehran retaliated by firing missiles and drones at US military facilities in Bahrain and Kuwait, sharply escalating tensions across the Gulf.
Senior Saudi and United Arab Emirates officials on Tuesday reaffirmed the close ties between the two Gulf nations, highlighting their shared history, deep-rooted brotherly relations and the role of their leadership in advancing regional prosperity.
The Gulf hospitality sector is expected to begin recovering in the fourth quarter of 2026 as geopolitical tensions ease, although hotel occupancy is unlikely to return to pre-war levels before the end of 2027, according to S&P Global Ratings.
Developers across the Gulf region need to fundamentally rethink how luxury homes are designed and built, as rising heat stress exposes the limitations of construction materials and methods that were never engineered for this climate, said a top industry expert.
The share of professional job vacancies in the Gulf requiring artificial intelligence (AI) skills has nearly tripled over the past four years, but for much of the region's economy the technology has yet to make a meaningful impact on hiring, according to data from Middle East recruitment platform GulfTalent.
Oil tanker traffic through the Strait of Hormuz slowed to a near standstill on Thursday as renewed military exchanges between the United States and Iran shattered a three-week-old ceasefire, raising fresh concerns over energy supplies and regional security.
British car rental technology platform Final Rentals has announced a major expansion of its Gulf operations through a strategic partnership with Autorent, one of the region's largest vehicle rental and leasing operators.
ALEC Holdings, a leading diversified engineering and construction group operating in the UAE and KSA, has announced that its subsidiary Target Engineering Construction Company – SP, has secured three major contracts worth a total of over $500 million in the Gulf.
The US government will attempt to redirect Iranian assets to Gulf states for rebuilding and repairs of damage caused by Iran, a source familiar with the matter said, as Tehran followed up a wave of strikes against Kuwait and Bahrain with further drone launches.
Air India Express has announced the launch of direct flights between Guwahati and Dubai, and Guwahati and Abu Dhabi, thus becoming the first airline to directly connect Northeast India with the Middle East. The services will commence on August 4 and 7 respectively.
