IHC, an Abu Dhabi-headquartered global investment company focused on building dynamic value networks, reported a revenue of AED31.4 billion ($8.55 billion) for the first quarter of 2026, up 33.2% year-on-year, and profit after tax of AED8.2 billion ($2.23 billion), an increase of 98.5%.
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Iran is expected to respond on Thursday to a US proposal aimed at ending the conflict and establishing a framework for broader nuclear negotiations, according to media reports, as diplomatic efforts intensified amid continuing tensions in the Gulf.
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The US authorities believe they are nearing an agreement with Iran on a one-page memorandum of understanding aimed at ending the ongoing conflict and establishing a framework for more detailed nuclear negotiations, said an Axios report.
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Aramco and IBM announced their intended collaboration on opportunities to advance AI, agentic AI, automation, material science and other mutually agreed domains in the industrial sector.
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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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SaMoTer 2026, the triennial International Construction Equipment Exhibition, opens tomorrow at the Verona Exhibition Centre. For four days, Veronafiere will be the world capital of mechanisation in the construction industry thanks to attendance by top international brands in the sector.
US Defence Secretary Pete Hegseth has said that the US-Iran ceasefire is not over despite this week's attacks on vessels in the Strait of Hormuz. The US effort to guide vessels out of the strait is temporary and separate, he said.
Tawazun Council for Defence Enablement and Lockheed Martin have signed an agreement to establish a Cybersecurity Centre of Excellence in the United Arab Emirates, in a strategic move aimed at strengthening the UAE’s national capabilities in the digital domain.
LIFEPharma, a USFDA approved pharmaceutical manufacturer and a part of VPS Health, has announced the establishment of a dedicated spin off biotech focused on end to end development of cell and gene therapies.
The UAE-based TA’ZIZ, a joint venture between ADNOC and ADQ, has signed long-term agreements spanning offtake, feedstock and sales across its chemicals portfolio valued at $28.5 billion (AED104.6 billion).
Emirates Water and Electricity Company (Ewec) has entered into a strategic collaboration framework agreement with Abu Dhabi Future Energy Company (Masdar) to set up a roadmap for the accelerated deployment of utility-scale renewable energy projects.
Oil prices eased slightly on Tuesday after jumping about 6% yesterday following increased hostilities in the Strait of Hormuz.
The UAE is entering “a new chapter” in which it is reshaping its place in the global economy with “confidence, clarity, and ambition”, said Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology.
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.
ASMO, a joint venture between Aramco and DHL, has commenced construction of its first purpose built logistics hub at King Salman Energy Park (SPARK), marking a significant milestone in the development of long term logistics infrastructure supporting Saudi Arabia’s energy and industrial sectors.
Ta’ziz and Alpha Dhabi Holding announced at the Make it in the Emirates platform, a strategic collaboration agreement for ~$10 billion in capital investment in new industrial chemicals in the Ta’ziz industrial chemicals ecosystem in Al Ruwais Industrial City.
The Saudi Red Sea Authority and the Royal Commission for AlUla signed an MoU to strengthen institutional integration, develop environmental protection policies, advance sustainable tourism, and improve implementation efficiency and governance across initiatives.
EDGE, one of the world’s leading advanced technology and defence groups, through its smart weapon systems producer, HALCON, has awarded a AED200 million ($54.4 million) contract to Emirates Cable Corporation Interconnect (ECCI) to manufacture and supply high-technology cable harness assemblies.
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.
Mered, a leading real estate developer, has unveiled a floating sales gallery on the waters of Al Reem Island, created as an exclusive introduction to its waterfront project - Riviera Residences - in Abu Dhabi. A first-of-its-kind immersive venue, it signals a new chapter in experiential real estate in the UAE.
Expo City Dubai Foundation has awarded funding to seven global projects under its Global Innovators Programme, focused on tackling extreme heat challenges across the Global South.
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, 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.
Global debt rose to a record level of around $353 trillion by the end of last March, according to the Institute of International Finance (IIF).
Sitecore, the global leader in AI-enabled digital experience software, has appointed Mohammed AlThaher as its new regional Vice President for Middle East and Africa. An industry veteran, he has over two decades of experience in large-scale digital transformations, digital marketing and more recently AI.
Nissan has announced the arrival of the new 2026 Nissan Z Heritage Edition in the Middle East, marking the regional debut of a special edition that celebrates the brand’s performance heritage.
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 is expected to respond on Thursday to a US proposal aimed at ending the conflict and establishing a framework for broader nuclear negotiations, according to media reports, as diplomatic efforts intensified amid continuing tensions in the Gulf.
