US President Donald Trump said he was extending by 10 days a deadline linked to threatened strikes on Iranian energy infrastructure, saying the move followed a request from Tehran and that negotiations were progressing positively.
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Patel Family Office, a US investment enterprise, and Abdel Hadi A Al-Qahtani & Sons (AHQ), a Saudi industrial conglomerate, have signed a $1 billion deal to establish AYARA, a vertically integrated hospitality platform that will develop a network of 50 international brand-name business hotels across Saudi Arabia by 2029.
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Mubadala Investment Company, an Abu Dhabi-based global investor, has announced that it has entered into a definitive agreement to sell its minority stake in CoolIT Systems, a global leader in liquid data centre cooling, to Ecolab as part of a transaction valued at $4.75 billion led by KKR.
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Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
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As heightened tensions continue to inject uncertainty into global markets, businesses across the Gulf are balancing caution with determination. The GCC governments are responding swiftly to preserve stability, support liquidity, and sustain momentum, said an industry expert.
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Global oil prices rose on Thursday, recovering part of the previous session’s losses, as market participants reassessed the outlook for a potential de-escalation in tensions involving Iran and the United States. The conflict has continued to disrupt energy flows across a critical oil-producing region.
US President Donald Trump spoke to Indian Prime Minister Narendra Modi on Tuesday about the West Asia situation, including the need to secure the key energy waterway, Strait of Hormuz, that remains under an Iranian blockade. Modi reiterated India’s support for de-escalation and restoration of peace at the earliest.
US President Donald Trump said on Monday he had given orders to postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.
An attack on Iran's southern coast or attempt to blockade Kharg Island, its main oil export hub, will lead to Gulf routes being cut with the laying of sea mines, including floating mines that can be released from the coast, the country's Defence Council said on Monday according to state media.
President Donald Trump has warned that the US would 'obliterate' Iran’s power plants if Tehran fails to reopen the Strait of Hormuz within 48 hours, prompting Iranian officials to threaten retaliatory strikes against US and Israeli energy and infrastructure assets in the region.
Abu Dhabi developer Miral has announced the opening of Yas Bay East Beach, newest stretch of shoreline on Yas Island. Operated by Hilton Abu Dhabi Yas Island, the beach spans 290 m of waterfront, providing a contemporary coastal escape designed for adults seeking a relaxed yet vibrant atmosphere.
The US and Israel launched an attack on the Natanz uranium-enrichment facility on Saturday morning, Iran's Tasnim news agency said, as the war in the Middle East entered its fourth week. No radioactive leaks occurred and residents near the site were not at risk, it added.
Abu Dhabi National Oil Company and Austrian group OMV Aktiengesellschaft (OMV) have announced strong progress towards the formation of Borouge Group International, including the signing of an asset usage agreement for the Borouge 4 (B4), an integrated polyolefins production complex in Abu Dhabi.
The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days in its latest attempt to ease oil prices that have been driven up by the Middle East conflict, said media reports. The waiver will bring some 140 million barrels of oil to global markets and help relieve pressure on energy supply.
UAE-based Azizi Developments has announced that it has appointed Doka, a world leader in formwork, scaffolding and engineering solutions based in Austria, as the formwork and scaffolding partner for its landmark multi-tower residential complex - Rêve Riviera - located in the MBR City, Dubai.
INTECH has secured a project to strengthen OT cybersecurity infrastructure across offshore production facilities associated with one of the large offshore oil fields in the Middle East.
Kuwaiti low-cost carrier Jazeera Airways is set to restart twice-weekly services from Kuwait to Tbilisi, Sharm El Sheikh and Hurghada via King Fahd International Airport in the Saudi city of Dammam beginning April 15. The flights to the Georgian capital opens access to the wider Caucasus region, including Armenia and Azerbaijan.
Global air cargo rates have continued to rise strongly as stakeholders adjust to the dynamic and highly challenging conditions following the military attacks on Iran by the US and Israel, and Iran’s retaliatory strikes on targets in the region, said a report.
Households, businesses and investors should prepare for 1970’s-style global stagflation, warned Nigel Green, the CEO of the deVere Group, one of the world’s largest independent financial advisory organisations, after private sector output in the euro zone sank to a 10-month low in March.
Mered, a leading real estate developer, has reported significant progress on its ultra-luxury residential tower - Iconic Residences Design by Pininfarina - with its fully mobilised teams achieving key milestones in structural works, MEP systems, interior fit-outs, and material co-ordination.
The Kingdom of Saudi Arabia has reached a major milestone in restoring degraded land, announcing the rehabilitation of one million hectares under the Saudi Green Initiative, demonstrating that large-scale land restoration is achievable even in some of the world’s most water-scarce environments.
The Arab Shipbuilding and Repair Yard Company (Asry) firmly believes in the role of youth as key partners in achieving success and sustainability, said its top official, adding that it had recently launched several impactful initiatives designed to develop their skills and foster their engagement.
Sanipex Group has expanded its portfolio with the introduction of its architectural hardware and ironmongery category, offering architects, designers, developers and homeowners a comprehensive and aspirational range of hardware solutions that refine the smallest details within a space.
Dubai Investments has announced the appointment of Nishant Shah as its new Chief Financial Officer. In this role, he will leading the group’s financial strategy, overseeing treasury and investment activities in addition to boosting financial governance across its diversified portfolio.
Mubadala Investment Company, an Abu Dhabi-based global investor, has announced that it has entered into a definitive agreement to sell its minority stake in CoolIT Systems, a global leader in liquid data centre cooling, to Ecolab as part of a transaction valued at $4.75 billion led by KKR.
Mazad, a leading digital auctions and marketplace platform in Bahrain, and a Mumtalakat portfolio company, has announced the launch of a special auction for a unique three‑digit vehicle license plate number, 994, in response to the growing demand for distinctive triple‑digit plates.
Amid the Iranian attacks targeting Bahrain and other Gulf countries, Bahraini families, community leaders, business figures and civil society organisations have issued statements emphasising their support for the kingdom, national unity, and loyalty under the leadership of His Majesty King Hamad.
The Kingdom of Saudi Arabia has reached a major milestone in restoring degraded land, announcing the rehabilitation of one million hectares under the Saudi Green Initiative, demonstrating that large-scale land restoration is achievable even in some of the world’s most water-scarce environments.
