US President Donald Trump has announced a 10-day ceasefire between Israel and Lebanon, which he said would begin at 5 pm EST (10 pm GMT).
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Saudi Arabia's Public Investment Fund (PIF) Governor Yasir Al-Rumayyan said NEOM projects are presently being restructured to achieve higher economic efficiency and long‑term financial sustainability.
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Saudi Arabia's Public Investment Fund (PIF) has approved its 2026-2030 strategy which focuses on transforming PIF’s portfolio of 13 strategic sectors into six integrated economic ecosystems, strengthening the linkages among them and creating a broader spectrum of partnership and investment opportunities for the private sector.
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Fresh diplomatic signals from Tehran and Washington have raised cautious optimism about a potential deal to de-escalate tensions around the Strait of Hormuz and end the war.
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Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
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Dubai International Chamber, one of the three chambers operating under the umbrella of Dubai Chambers, has inaugurated a new international representative office in Manila.
Bahrain’s gross domestic product (GDP) at constant prices grew 3.5% YoY in 2025, driven by a 4.1% growth in non-oil activities, while oil activities declined slightly by 0.3%.
Dubai International Airport has ranked among the world’s busiest airports for international passenger traffic, handling 95.2 million passengers in 2025, reaffirming its position as a key global aviation hub.
After withstanding higher trade barriers and elevated uncertainty last year, global activity now faces a major test from the outbreak of war in the Middle East, which threatens to disrupt growth, says the latest World Economic Outlook report from IMF.
Oil prices extended their decline on Wednesday, as cautious optimism over a possible resumption of US-Iran talks eased immediate supply fears, even as underlying risks from the ongoing conflict continued to cap losses.
Talks aimed at ending the Iran war could resume in Pakistan within the next two days, US President Donald Trump said on Tuesday, raising cautious hopes for a breakthrough even as a fragile ceasefire nears its expiry in the coming days.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($563 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
Bahrain's Electricity and Water Authority (EWA) has announced that three utility firms are vying for the contract to develop 400kV and 220kV feeder cable works as part of the New Sitra Grid Substation project. The scope of work includes design, manufacture, supply, installation, testing and commissioning of the feeder cables.
GCC economies are set for a sharp rebound, with growth forecast to reach 8.5% in 2027, according to ICAEW’s latest Economic Insight Q1 2026 report, produced in partnership with Oxford Economics.
Dubai has announced the successful completion of the first eVTOL air taxi station, in a strategic leap in the emirate’s journey towards urban mobility future. A four-storey building, it features a two-level car park, two air taxi take-off and landing pads as well as key facilities for 170,000 passengers annually.
Maun, Botswana hosted the groundbreaking of a 500 MW solar power plant with battery storage of equal capacity, launched under an investment cooperation framework between Oman and Botswana to strengthen energy partnership and sustainability.
Emirates and Wesgro have signed a Memorandum of Understanding (MoU) to drive inbound tourism and boost visitors to Cape Town and the Western Cape, on the sidelines of Africa’s World Travel Market (WTM).
AD Ports Group has successfully drawn on its diversified logistics capabilities to strengthen local and regional supply chains in GCC, ensuring continued resilience. To date, it has handled over 54,000 TEUs at Fujairah and Khor Fakkan Port, and successfully transported over 22,000 containers.
Businesses and investors in Saudi Arabia and the UAE are holding firm on their medium-term strategies despite the current situation in the Middle East, supported by intraregional supply chain redesign and increased use of AI, says an HSBC study.
Rolls-Royce Motor Cars has presented Project Nightingale, a Coachbuild Collection, an extraordinary production concept of an open two-seat motor car that introduces a dramatic new expression of Rolls-Royce design.
A controversial new sporting venture is challenging one of the most fundamental principles of modern athletics — the ban on performance-enhancing drugs.
Digital Dubai has launched the “AI Workforce Transformation Program (AI+),” a strategic initiative to train 50,000 Dubai Government employees.
Dubai’s retail and warehouse sectors demonstrated resilience and growth in 2025, backed by strong fundamentals including record tourism, population boom and e-commerce activity. Both sectors, however, faced tightening supply conditions that shaped market dynamics throughout the year, said a report.
Nasdaq Dubai has recorded 18 fixed income listings in Q1, raising over $8 billion, bringing the total outstanding debt listings to $149 billion. The debt listings include $105 billion in sukuk and $44 billion in bonds, thus reinforcing Nasdaq Dubai’s position as one of the world’s top venues for sukuk listings.
KEO, a leading multidisciplinary consulting firm, and Margulies Hoelzli Architecture (MHA), a leader in data center and mission-critical design, have entered into a strategic partnership to deliver end-to-end data center solutions for developers and investors across the GCC and Europe.
Nissan Motor Co has unveiled a new long-term vision aimed at reshaping its future around artificial intelligence-led mobility and a stronger focus on customer experience.
Art Dubai, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the preliminary list of participants for its 2026 special edition taking place at Madinat Jumeirah from May 15 to 17 May.
US President Donald Trump has announced a 10-day ceasefire between Israel and Lebanon, which he said would begin at 5 pm EST (10 pm GMT).
