DRIVING TRANSFORMATION

UAE announces $49bn new industrial procurement opportunities

Tue, 05 May 2026

The UAE has announced AED180 billion ($49.01 billion) in new industrial procurement opportunities in a national drive to localise more than 5,000 products across sectors critical to economic, food, and healthcare security.

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TARGETING OF ADNOC TANKER CONDEMNED

Iran targets ships in Strait of Hormuz, US blows up boats

Mon, 04 May 2026

Several ships were hit by suspected Iranian missiles and drones in the Strait of Hormuz on Monday and a UAE oil complex was set on fire. This follows the launch of Project Freedom by US military to end the blockade of the shipping route.

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OIL PRICES SOAR

Fire breaks out at Fujairah petroleum complex after Iran drone attack

Mon, 04 May 2026

Authorities in the UAE's Fujairah ‌said on Monday that a ​fire broke ​out at the ⁠Fujairah Oil ​Industry Zone following ​what they described as a drone ​attack originating ​from Iran. Civil defence teams ‌were ⁠deployed immediately to contain the blaze, said the report.

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15.5km UNDEGROUND SECTION

Tunnelling works for $5.58bn Dubai Metro Blue Line launched

Mon, 04 May 2026

The primary tunnelling works for the AED20.5 billion ($5.58 billion) Dubai Metro Blue Line project was launched on Sunday by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

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COMMENT

Iran must stop lies and hostility

Fri, 01 May 2026

The message attributed to Iran’s Supreme Leader Mojtaba Khamenei comes as a recycled political narrative, built on repeating claims and falsehoods about the Arab Gulf states, in an attempt to impose a one-sided vision on a region undergoing major developmental and strategic transformations, writes Anwar Abdulrahman in a comment in the Gulf Daily News, our sister newspaper.

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Top This Week

Ultra low-cost Spirit Airlines shut down

Sun, 03 May 2026

Spirit Airlines, an American ultra low-cost airline headquartered in Dania Beach, Florida, has announced that it has gone out of business after 34 years.

Trump says will review Iran's 14-point proposal soon

Sun, 03 May 2026

US President Donald Trump said he will soon review Iran's new 14-point proposal for peace, adding that he “can’t imagine that it would be acceptable.”

US-EU trade tensions escalate as Trump raises import tariffs to 25pc

Sat, 02 May 2026

Trade tensions between the US and the European Union have intensified after US President Donald Trump announced his intention to raise import tariffs on European cars and lorries to 25% "from next week". The current tariff stands at 15%, said a report.

Abu Dhabi real estate activity stable; nets over $3.4bn in sales

Sat, 02 May 2026

Residential property sales in Abu Dhabi were broadly stable across March and April, with transactions rebounding in April to exceed earlier levels in the year, according to a new report. More than 3,200 residential units were sold in April, generating over AED13 billion ($3.54 billion) in sales.

US orders withdrawal of 5,000 US soldiers from Germany

Sat, 02 May 2026

In a surprise move, US Defence Secretary Pete Hegseth has ordered the withdrawal of around 5,000 US soldiers stationed in Germany, the Pentagon said on Friday. Following this, Nato said it was "working" with Washington to understand the reason for the troop reduction.

US approves $8.6bn military sales to Middle East allies

Sat, 02 May 2026

US President Donald Trump's administration has bypassed congressional review to approve $8.6 billion military ‌sales to Middle Eastern allies Israel, Qatar, Kuwait and the UAE. These include Patriot air and missile defence replenishment services costing $4.01 billion and APKWS, a laser-guided weapons kit.

UAE seeks unconditional reopening of Strait of Hormuz

Fri, 01 May 2026

UAE has called for the immediate and unconditional reopening of the Strait of Hormuz, and for Iran to be held fully accountable for its unlawful obstruction of international navigation.

Iran sends new proposals for peace talks to Pakistan

Fri, 01 May 2026

Iran has delivered its latest proposal for negotiations to end the war with US to Pakistan, a mediator, said IRNA news agency.

Türkiye welcomes 9.2m international visitors in Q1, up 4.2%

Fri, 01 May 2026

Türkiye experienced a 4.2% rise in international visitors, totalling 9.2 million in the first quarter of this year. The country also reported an impressive $9.896 billion in tourism revenue for the quarter.

Saudi Arabia launches EOI and RFQ for renal care project

Tue, 05 May 2026

Saudi Arabia's Ministry of Health (MoH), the Ministry of Defense (MoD) and the National Center for Privatization & PPP (NCP) have launched the Expression of Interest (EOI) and Request for Qualification (RFQ) phase for a major renal care project.

TA’ZIZ signs $28.5bn energy, chemicals supply deals

Tue, 05 May 2026

TA’ZIZ signed $28.5 billion in long-term offtake, feedstock and sales agreements at Make it in the Emirates, covering methanol, PVC, EDC, VCM and other chemicals. Adnoc Gas will supply natural gas under a 25-year deal worth over $5 billion.

flydubai operates 3,800 flights in March, posts high net promoter score

Tue, 05 May 2026

flydubai reported strong customer confidence in UAE aviation despite regional airspace disruptions. The airline operated over 3,800 flights in March and achieved an Excellent Net Promoter Score (NPS) , nearly double previous levels.

UAE announces $49bn new industrial procurement opportunities

Tue, 05 May 2026

The UAE has announced AED180 billion ($49.01 billion) in new industrial procurement opportunities in a national drive to localise more than 5,000 products across sectors critical to economic, food, and healthcare security.

Iran must stop lies and hostility

Fri, 01 May 2026

The message attributed to Iran’s Supreme Leader Mojtaba Khamenei comes as a recycled political narrative, built on repeating claims and falsehoods about the Arab Gulf states, in an attempt to impose a one-sided vision on a region undergoing major developmental and strategic transformations, writes Anwar Abdulrahman in a comment in the Gulf Daily News, our sister newspaper.

ACC undertakes delivery of 500 Ramhan Island luxury villas

Mon, 04 May 2026

Arabian Construction Company (ACC) has announced that work is underway on 500 luxury villas being developed by Eagle Hills as part of the landmark Ramhan Island development, situated off the coast of Abu Dhabi. Spanning over 4 million sq m, Ramhan Island is designed as a premier waterfront destination.

Saudi Arabia launches EOI and RFQ for renal care project

Tue, 05 May 2026

Saudi Arabia's Ministry of Health (MoH), the Ministry of Defense (MoD) and the National Center for Privatization & PPP (NCP) have launched the Expression of Interest (EOI) and Request for Qualification (RFQ) phase for a major renal care project.

UAE announces remote learning for higher education institutions

Mon, 04 May 2026

The UAE Ministry of Higher Education and Scientific Research today announced the temporary transition to remote learning across all higher education institutions in the country, effective from Tuesday, May 5, 2026, through Friday, May 8, 2026.

Tanishq kicks off its 'Festival of Exchange' campaign in UAE

Mon, 04 May 2026

Tanishq, a leading Indian jewellery brand and a TATA product, has announced the launch of its Festival of Exchange across the UAE. The campaign, headlined by cricket icon Sachin Tendulkar, offers zero per cent deduction on the exchange of old gold, across all its outlets in Abu Dhabi, Dubai and Sharjah.

Alpha Dhabi Holding reports $5.12bn revenue for first quarter

Tue, 05 May 2026

Alpha Dhabi Holding, one of the fastest-growing investment holding companies in the MENA region, has reported a strong set of financial results for the first financial quarter of 2026.

RAK's Innovation City launches Blockchain-based digital business identity

Tue, 05 May 2026

Innovation City, the UAE’s premier AI-powered free zone in Ras Al Khaimah, has launched what is claimed to be the world’s first blockchain-based digital business identity system.

Global sales of electric cars weaken in Q1, says report

Sat, 02 May 2026

Global sales of electric cars weakened during the first quarter with the top markets of China and US leading the sales decline. In 43 key markets analysed by the consulting firm PwC, the number of electric cars sold was 1% lower than in the same period in 2025, at just under 2.7 million.

Qatar Toy Festival to return in July

Fri, 01 May 2026

Qatar Calendar has announced the return of the Qatar Toy Festival (QTF) in July under the slogan ‘More to Imagine, A Whole World of Fun’.

Iran targets ships in Strait of Hormuz, US blows up boats

Mon, 04 May 2026

Several ships were hit by suspected Iranian missiles and drones in the Strait of Hormuz on Monday and a UAE oil complex was set on fire. This follows the launch of Project Freedom by US military to end the blockade of the shipping route.

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