EMERGENCY FLIGHTS

17,500 stranded passengers leave UAE, flights to increase

Wed, 04 Mar 2026

The UAE said yesterday that 17,498 passengers have been transported on 60 flights operated by national carriers since March 1 as part of its emergency flights plan.

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NO DAMAGE IN DRONE STRIKE

Fire near US consulate in Dubai after drone attack; Qatar busts spy cells

Wed, 04 Mar 2026

Iran has stepped up its attacks on US diplomatic missions in the Gulf, with a drone strike reported near the US Consulate in Dubai late last night. Meanwhile, Qatar said it busted two cells operating for Iran in the country.

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SOME RELIEF FLIGHTS OPERATE

Little relief for stranded passengers as Gulf airspace closures continue

Tue, 03 Mar 2026

There was little relief for thousands of stranded passengers across the Gulf on Tuesday as sweeping airspace closures and mass flight cancellations continued to paralyse one of the world’s busiest aviation corridors.

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INSIGHT

Middle East conflict starting to strain credit channels: S&P

Tue, 03 Mar 2026

The gravity of the situation in the Middle East has moved from high to severe and consequently, the potential for events to weaken credit quality across sectors has increased, says an S&P Global Ratings report.

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SPOTLIGHT

Construction sector faces brunt of disruptions caused by Gulf conflict

Tue, 03 Mar 2026

The ongoing conflict in the Gulf and severe disruption to shipping through the Strait of Hormuz are beginning to weigh heavily on the region’s construction sector, with contractors facing mounting cost pressures, delivery delays and heightened financial risk.

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Top This Week

Iran says Strait of Hormuz is 'closed', warns ships will be set ablaze

Tue, 03 Mar 2026

Iran’s Revolutionary Guard Corps (IRGC) declared that the Strait of Hormuz was “closed” and that any vessel attempting to pass through the waterway would be set “ablaze.”

US embassy in Riyadh hit by two drones, minor damage

Tue, 03 Mar 2026

The United States embassy in Saudi capital Riyadh was targeted by two drones, Saudi Arabia’s defence ministry has announced. The ministry said that the incident sparked a small fire and resulted in minor damage to the building, according to the Saudi Press Agency.

Limited number of rescue flights take off from Dubai, Abu Dhabi

Tue, 03 Mar 2026

Limited airport operations resumed in Abu Dhabi and Dubai last evening following UAE authorities allowing exceptional flights to take stranded travellers back home.

US asks citizens to leave all Gulf states, other Middle East countries

Tue, 03 Mar 2026

The US State Department has urged Americans to leave immediately from many countries in the Middle East, including all the Gulf states.

United Real Estate emerges top investor for major Kuwait waterfront project

Tue, 03 Mar 2026

The Kuwait Authority For Partnership Projects has announced that leading project developer United Real Estate Company (URC) has emerged as the winning investor in the third phase of its upcoming PPP project - a waterfront property in the Sharq Area of the capital Kuwait City.

Qatar downs two Iranian aircraft, several missiles intercepted

Mon, 02 Mar 2026

Qatar's Ministry of Defense announced on Monday that its armed forces had shot down two Iranian aircraft and intercepted several missiles and drones targeting the country.

Sorouh Al Qurm to build $596m integrated tourism complex in Muscat

Mon, 02 Mar 2026

Oman-based Sorouh Al Qurm Real Estate has announced plans to develop an integrated tourism complex at an investment of RO230 million ($596 million) in Muscat. Spanning 165,000 sq m, the ITC will boast two four-star hotels along with residential and retail units as well as a range of recreational facilities.

UAE allows 'exceptional' flights for stranded passengers to leave

Mon, 02 Mar 2026

The UAE General Civil Aviation Authority (GCAA) has announced the commencement of exceptional flight operations at UAE airports, enabling stranded passengers affected by recent regional developments to depart, in line with the schedules to be announced by airlines to affected passengers and the relevant destinations.

Energy crisis looms as major plants shut down, Hormuz shipping halted

Mon, 02 Mar 2026

A sharp escalation in the Middle East conflict has triggered major disruptions across the region’s energy industry, with QatarEnergy announcing a halt to LNG production, Saudi Aramco shutting its Ras Tanura refinery and the shipping almost coming to a halt in Strait of Hormuz.

Eviq in deal to set up EV charging infrastructure within New Murabba

Tue, 03 Mar 2026

New Murabba Development Company, a wholly-owned subsidiary of Saudi Arabia's sovereign wealth fund PIF, has signed a strategic agreement with Electric Vehicle Infrastructure Company (Eviq) for deployment of EV charging infrastructure across key assets within its giga project - New Murabba.

Saudi Energy reports highest-ever operating revenues of $27bn

Tue, 03 Mar 2026

Saudi Energy reported robust 2025 results, achieving SAR 102.2 billion ($27 billion) in revenues, a 15.3 per cent increase from 2024, demonstrating strong financial and operational performance alongside sustainable earnings growth.

17,500 stranded passengers leave UAE, flights to increase

Wed, 04 Mar 2026

The UAE said yesterday that 17,498 passengers have been transported on 60 flights operated by national carriers since March 1 as part of its emergency flights plan.

Fire at Fujairah Oil brought under control after drone attack

Tue, 03 Mar 2026

Senior government authorities have announced that a fire that broke out this morning in the Fujairah Oil Industry Zone (FOIZ), resulting from falling debris after a Iranian drone attack, has been fully brought under control. No injuries were reported and normal operations have begun, said a report.

Oil surge signals higher rates ahead, says deVere

Tue, 03 Mar 2026

Investors must prepare now for higher interest rates due to the escalating Iran conflict, warns the CEO of one of the world’s largest independent financial advisory organisations.

Misk City names Sami bin Jasser as new CEO

Tue, 03 Mar 2026

Saudi-based Misk Foundation has appointed Eng. Sami bin Jasser Al Jasser, a strategic development expert, as the new Chief Executive Officer of its mega Mohammed bin Salman Nonprofit City (Misk City) - a first-of-its-kind project coming up on a 3.4-sq-km area in capital Riyadh.

PureHealth seals master lease agreement with Yellow Door Energy

Fri, 27 Feb 2026

PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE.

MKF opens registration for scholarship programme for Bahraini students

Tue, 24 Feb 2026

AlMabarrah AlKhalifia Foundation (MKF) has opened the registration for its 'Rayaat' scholarship programme for the 2026–2027 academic year. This year’s program is offering undergraduate scholarships in partnership with University of Bahrain and Bahrain Polytechnic.

UAE has essentials to cover six months, imports continue

Wed, 04 Mar 2026

The UAE maintains strategic reserves of essential goods sufficient to cover market needs for a period ranging between four and six months, Abdulla bin Touq Al Marri, Minister of Economy and Tourism, said.

Oil surge signals higher rates ahead, says deVere

Tue, 03 Mar 2026

Investors must prepare now for higher interest rates due to the escalating Iran conflict, warns the CEO of one of the world’s largest independent financial advisory organisations.

Widespread outages hit Anthropic’s AI chatbot Claude

Tue, 03 Mar 2026

Anthropic’s AI chatbot Claude suffered a major service disruption yesterday (March 2), with users across multiple regions reporting widespread access failures that knocked out its web interface, desktop apps and developer tools, said media reports.

Eviq in deal to set up EV charging infrastructure within New Murabba

Tue, 03 Mar 2026

New Murabba Development Company, a wholly-owned subsidiary of Saudi Arabia's sovereign wealth fund PIF, has signed a strategic agreement with Electric Vehicle Infrastructure Company (Eviq) for deployment of EV charging infrastructure across key assets within its giga project - New Murabba.

Qatar announces fire in industrial area after missile interception

Sun, 01 Mar 2026

Qatar’s Ministry of Interior announced on Sunday that Civil Defence responded to a minor fire in the industrial area caused by debris falling after a missile was intercepted.

Fire near US consulate in Dubai after drone attack; Qatar busts spy cells

Wed, 04 Mar 2026

Iran has stepped up its attacks on US diplomatic missions in the Gulf, with a drone strike reported near the US Consulate in Dubai late last night. Meanwhile, Qatar said it busted two cells operating for Iran in the country.

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