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.
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.
US Secretary of State Marco Rubio sought to reassure Gulf allies on Wednesday that Washington's landmark agreement with Iran would not come at the expense of their security, as he met leaders in the United Arab Emirates and Kuwait during a regional tour aimed at easing concerns over the deal.
Iraq is preparing to expand crude oil and naphtha exports through Syrian ports as it moves to diversify trade routes after the Iran war disrupted its main Gulf shipping channels and effectively closed the Strait of Hormuz.
The proposed $300 billion fund being discussed as part of the US-Iran interim peace agreement is intended to serve as a private investment vehicle to help drive economic development and reconstruction in Iran, according to a Reuters report.
The Bahrain Association of Banks (BAB) has announced that Singapore Gulf Bank (SGB) has signed up as a member, reinforcing collaboration across the kingdom’s financial sector and further strengthening its position as a growing financial hub connecting Asia and the Gulf.
Around 20,000 seafarers remain trapped and unable to leave in and around the Strait of Hormuz, said International Maritime Organization (IMO) Secretary-General Arsenio Dominguez.
