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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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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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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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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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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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.”
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 airport operations resumed in Abu Dhabi and Dubai last evening following UAE authorities allowing exceptional flights to take stranded travellers back home.
The US State Department has urged Americans to leave immediately from many countries in the Middle East, including all the Gulf states.
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'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.
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.
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.
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.
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 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.
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.
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.
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.
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, 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.
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.
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.
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.
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.
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’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.
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.
