Oil prices could rise to $120–$130 a barrel in the near term, with a risk of climbing above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, according to a JP Morgan note cited by Reuters.
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The UAE is well equipped to withstand the current regional crisis and has overcome far more severe shocks in the past, prominent Emirati businessman Khalaf Ahmad Al Habtoor said on Thursday, reacting to warnings by American economist Jeffrey Sachs.
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US President Donald Trump said the American military campaign against Iran is “nearing completion,” while warning that Washington is prepared to intensify strikes over the next two to three weeks if necessary.
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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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Four astronauts blasted off on NASA’s Artemis II mission from Kennedy Space Center in Florida on Wednesday evening on a monumental 10-day flight around the moon and back.
Kuwait's leading low-cost carrier Jazeera Airways has added two more new Indian destinations to its network - Vijayawada and Lucknow, further expanding its footprint across the country. With this latest expansion under Project Vande Bharat, Jazeera now serves a total of 14 Indian cities.
Bahrain's national carrier Gulf Air has announced the expansion of its temporary operations from the King Fahd International Airport in the Saudi city of Dammam adding three new destinations - Istanbul (Turkey), Athens (Greece) as well as the South Indian city of Thiruvananthapuram.
Adnoc Drilling said it has won approval from its shareholders at the AGM for distribution of $1 billion dividends for FY 2025 and also 5% minimum increase to the 2026 payout. These approvals follow a defining year for Adnoc Drilling in which the company delivered record financial and operational performance.
The heads of the International Energy Agency, International Monetary Fund, and World Bank on Wednesday said they will form a coordination group to maximise their response to the significant economic and energy impacts of the war in the Middle East.
Bahrain's Fuel Price Committee has approved new fuel prices for the local market for April 2026, according to a GDN Online report.
Modon, a developer of iconic projects and experiences in the UAE, has announced that it will cover registration fees for all residential units purchased in March, in recognition of its customers’ trust.
Dubai Taxi Company, in partnership with Baidu, has launched driverless ride-hailing services via the Apollo Go app in Dubai, marking the platform’s first international deployment and a milestone for autonomous transport in the region.
An Iranian drone attack struck fuel tanks at Kuwait International Airport on Wednesday, sparking a massive fire but causing no casualties, Kuwait's state news agency KUNA said. The fuel tanks, which belonged to the Kuwait Aviation Fuelling Company (Kafco) have sustained significant damages.
UAE-based Alef Group has awarded the early works contract for its flagship project Olfah coming up in Sharjah. An integrated lifestyle destination, it features a mix of residential living, expansive green spaces and community amenities within a walkable urban environment.
Oil prices could rise to $120–$130 a barrel in the near term, with a risk of climbing above $150 if supply flows through the Strait of Hormuz remain disrupted into mid-May, according to a JP Morgan note cited by Reuters.
Siena Restaurant Dubai will open on April 7, 2026, in DIFC (Gate Village 7), bringing the Paris-born concept to the city through a partnership between founder Mehdi Abdelhedi and Paris Society CEO Rizwan Kassim.
Saudi Intermaint, a leading contractor delivering construction, fabrication and maintenance services for heavy industry across the Gulf, has secured its first EPC contract for a cement mill project. The scope of work includes engineering and execution capabilities at the plant.
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.
Killa Design has revealed a sculptural new landmark in Abu Dhabi - Jumeirah Residences Al Maryah Island - that is shaped by the studio’s future-driven philosophy. A 186-m tower, it is being conceived as a fluid, sculpted form, challenging the more rigid typologies of Al Maryah Island.
Eli Lilly and Company has announced that the US Food and Drug Administration (FDA) has approved Foundayo (orforglipron) for adults with obesity, or overweight with weight-related medical problems.
Bain & Company, a global consultancy, has announced the appointment of Eric Beranger-Fenouillet as the managing partner for its Middle East business. Based in UAE, he will lead the firm across the region, with a focus on helping clients deliver complex transformation agendas.
Majid Al Futtaim, a leading shopping mall developer and retail and leisure pioneer in the region, said it is deepening its strategic alliance with Alshaya Group, one of the world’s leading brand franchise operators, for a bold new wave of store openings across its regional portfolio.
Bain & Company, a global consultancy, has announced the appointment of Eric Beranger-Fenouillet as the managing partner for its Middle East business. Based in UAE, he will lead the firm across the region, with a focus on helping clients deliver complex transformation agendas.
Gulf Business Machines (GBM), an end-to-end digital solutions provider, has appointed Ashesh Mukhopadhyay as the General Manager for its Bahrain operations.
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.
The second edition of Abu Dhabi Infrastructure Summit (ADIS) kicks off in May this year at the ADNEC Centre, anchored by the emirate's $57 billion infrastructure pipeline spanning housing, transport, culture, education, and social infrastructure, said the event organisers.
US Army chief of staff and two other generals were sacked by US Defense Secretary Pete Hegseth on Thursday, amid the war with Iran.
