For more than a decade, the telecommunications industry has been defined by a single metric: speed. In Saudi Arabia’s rapid digital transformation, speed served as the initial catalyst - connecting cities, enabling services, and laying the foundation for a modern, connected economy.
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The Central Bank of Bahrain (CBB) has announced the launch of a loan deferral and liquidity support programme including a set of measures to support Bahrain’s economy and the financial sector.
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Oil prices jumped above $100 a barrel again on Monday as the US Central Command said it will block ships from entering and exiting Iran ports via the Strait of Hormuz.
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The US Central Command (CENTCOM) forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports today (April 13) at 10 am ET (3 pm GMT and 7pm GST), following President Donald Trump's announcement on Sunday on the action.
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Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
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The US and Iran failed to reach an agreement after marathon 21-hour talks in the Pakistani capital Islamabad throwing the two-week Middle East ceasefire into doubt.
DIAFA, the Abu Dhabi-based luxury investment platform and a IHC unit, has acquired a majority stake in the hospitality portfolio of British businessman Richard Caring. The deal estimated at $1.8 billion includes some of the UK’s iconic brands such as Ivy restaurants chain and private members’ club Annabel’s.
The US military said on Saturday that two of its warships had passed through the Strait of Hormuz and conditions were being set to clear mines, while Iran's state media denied any US ships had transited the waterway.
US delegation led by Vice President JD Vance met directly with Iranian officials in Pakistan on Saturday — a significant moment for two countries that have typically held high-level talks through intermediaries, a CNN report said.
Global growth is likely to take a noticeable hit from the ongoing Middle East conflict, even if a ceasefire holds, according to an interview given by World Bank President Ajay Banga to Reuters.
All eyes are on Pakistan's capital Islamabad as it hosts what are being described as “make-or-break” talks between the United States and Iran on Saturday, even as doubts persist over their prospects amid sharply divergent positions, ongoing violence in Lebanon, and renewed warnings from Donald Trump of intensified military action if diplomacy fails.
The UAE has won the hosting rights for the 2029 meetings of the World Bank Group and the International Monetary Fund in the capital, Abu Dhabi, said HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, in his X post.
Reserves held by UAE banks with the Central Bank of the UAE rose to AED439 billion ($119.5 billion) in the first quarter of 2026, underscoring strong liquidity buffers in the banking system as authorities press ahead with financial sector resilience measures.
Listed companies in the Abu Dhabi Securities Exchange (ADX), one of the 20 largest stock exchanges by market capitalisation, extended their sustained growth as total net profit increased 17% year on year to over AED200 billion ($54.46 billion).
Abu Dhabi's Metal Park has announced the launch of 25,000–30,000 metric tons per month of new cut-and-bend rebar capacity starting in Q2 2026, equivalent to roughly 10–12% of the UAE’s total monthly consumption.
CoreMarine and Jumbo Offshore won a contract from Southern Energy to transport, install, and connect soft-yoke moorings and FLNG vessels Hilli Episeyo and MKII in Argentina’s Golfo San Matías, boosting gas exports with consortium support.
Oman Airports, Oman Air, and SalamAir reported strong 2025 performance driven by revenue growth and network expansion, and outlined a 2026–2030 strategy to build an integrated aviation ecosystem and strengthen Oman’s global connectivity.
Abu Dhabi's Metal Park has announced the launch of 25,000–30,000 metric tons per month of new cut-and-bend rebar capacity starting in Q2 2026, equivalent to roughly 10–12% of the UAE’s total monthly consumption.
For more than a decade, the telecommunications industry has been defined by a single metric: speed. In Saudi Arabia’s rapid digital transformation, speed served as the initial catalyst - connecting cities, enabling services, and laying the foundation for a modern, connected economy.
Luxury property developer Sobha Realty has announced its foray into the Abu Dhabi market with the unveiling of its master-planned community - Sobha City. Spanning 38 million sq ft, it is envisioned as a 'City within a city' featuring a range of residences along with a 2-km waterfront promenade and integrated marina destination.
Qiddiya Investment Company has signed an agreement with King Faisal Specialist Hospital and Research Centre (KFSH) for joint collaboration on the establishment of a premium facility in Riyadh that will deliver specialised sports medicine services in line with international standards.
Abu Dhabi Maritime Academy, an integral part of AD Ports Group, has signed a research, development, and operational deployment agreement with Minexx, a technology-enabled mining and mineral processing company operating in the Democratic Republic of Congo.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
Al Baraka Islamic Bank, one of the leading Islamic banks in Bahrain, has announced the election of its new Board of Directors and the appointment of Akram Yassin as Chairman of the board, succeeding Sabah Al Moayyed.
Meta Platforms has launched its debut AI model Muse Spark, thus marking the first release from the company's Superintelligence group. Designed to boost Meta's products, Muse Spark is a compact yet powerful model capable of complex reasoning in various fields, including science and math.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
Sunreef Yachts has announced that tennis sensation and multiple Grand Slam champion Carlos Alcaraz has joined its community of owners. The Spanish champ placed an order for a fully customised Sunreef Ultima 88, thus marking his entry into the world of luxury yachting.
The US and Iran failed to reach an agreement after marathon 21-hour talks in the Pakistani capital Islamabad throwing the two-week Middle East ceasefire into doubt.
