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.
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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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The impact of the Middle East war is substantial, global, and highly asymmetric, disproportionately affecting energy importers, in particular low-income countries, said heads of the International Energy Agency, International Monetary Fund, and World Bank Group.
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Oil prices fell below $100 a barrel this morning (April 14) over signs of new US-Iran dialogue to end their war. Brent crude was at $97.8 in early trade, while US WTI crude was at $96.83.
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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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Saudi Arabia has announced the launch of the Expression of Interest (EoI) phase for the development of the Quality Valley project in Riyadh under a PPP model. The project scope includes the development of the HQ site of Saso in Riyadh and transforming it into a 191,000-sq-m integrated mixed-use masterplan.
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.
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.
Israel's war with Iran incurred 35 billion shekels ($11.52 billion) in budgetary expenses, with 22 billion shekels of that going to defence, the Finance Ministry said on Sunday, citing a preliminary estimate.
Bahrain Real Estate Investment Company (Edamah) is set to begin beach enhancement works at Bilaj Al Jazayer as part of the project's first phase. Spanning over 80,000 sq m, Phase I will deliver a lifestyle-led beachfront, including enhancing the shoreline with shaded walkways, sports and outdoor fitness areas.
US President Donald Trump on Sunday announced that the US Navy would immediately begin blockading the Strait of Hormuz, sharply escalating tensions after marathon talks with Iran collapsed without a deal to end the war, leaving a fragile two-week ceasefire hanging in the balance.
The GCC economy expanded in the third quarter of 2025, reflecting its sustained ability to balance the role of the oil sector while enhancing the contribution of non-oil activities to gross domestic product (GDP), said a report. Its real GDP for the period soared to hit $474 billion, up 5.2% over Q3 2024.
Saudi Royal Commission for Jubail and Yanbu has announced that its total investments in the industrial cities hit more than SAR1.5 trillion ($400 billion) by the end of 2025. The country’s flagship industrial hubs, Jubail is focused on petchem and heavy industry while Yanbu serves as the refining and downstream sector.
Saudi Ministry of Energy has announced that it has successfully restored the full pumping capacity through the East-West pipeline, amounting to 7 million barrels per day (bpd), and recovering the affected volumes from the Manifa field production of 300,000 bpd, said a report.
Leading UAE developer Aldar has announced the launch of the first phase of Yas Park Place, a new garden-led living concept in the heart of Yas Island, featuring six architecturally-refined mid-rise buildings offering a collection of studios and one- to three-bed residences as well as two-bedroom duplexes.
Heavy Engineering Industries & Shipbuilding Company (Heisco) has announced that it has secured a key contract worth KD174.2 million ($508 million) from Kuwait Oil Company (KOC) for the construction of flowlines as well as other associated works at its project site in Kuwait.
The Lux Collective has announced that LUX* Belle Mare has joined the prestigious Virtuoso portfolio, which includes over 2,200 preferred partners across 100 countries.
AD Ports Group, a leading global enabler of trade, industry and logistics solutions, has signed a framework agreement with the National Company Maritime Ports Administration, the administrator of the Port of Constanța in Romania, to explore strategic investment and development opportunities in the Black Sea’s largest port.
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.
Johnson & Johnson has announced a new initiative in the United Arab Emirates aimed at supporting access to liquid biopsy testing for patients diagnosed with metastatic non-small cell lung cancer (NSCLC).
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.
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.
The Middle East war could lead to total and partial loss events for a small number of rated sukuk, particularly where they have underlying assets targeted by attacks. Those backed by industrial or commercial real estate are the most vulnerable, according to S&P Global Ratings.
Cumulocity, a global leader in industrial AIoT, has signed a strategic partnership agreement with Aramco Digital to expand the deployment of its enterprise-grade platform across the region.
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.
The UK–GCC Strategic Dialogue, originally scheduled to take place on April 14, 2026, at Guildhall in London, will now be held on October 20, 2026.
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.
