Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED3.5 billion ($953 million) to Ginco General Contracting and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a key milestone in the delivery of one of Dubai’s most significant waterfront developments.
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Diplomatic efforts to end the ongoing US-Iran conflict showed little progress on Monday, as talks remained stalled and Iran’s top diplomat travelled to Russia for high-level consultations, while US President Donald Trump signalled a tougher stance on negotiations.
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Solar has become the leading source of new electricity generation, supported by battery storage that is beginning to provide system flexibility at scale, says the latest Global Electricity Review from Ember.
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US President Donald Trump and senior officials in the US administration were evacuated from the venue hosting the annual White House Correspondents’ Dinner following a security threat.
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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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Formula 1 today announced that the Turkish Grand Prix will return to the FIA Formula One World Championship from 2027, with Istanbul Park confirmed on the calendar through the 2031 season following a new agreement with Türkiye’s Ministry of Youth and Sports.
Etihad Airways, the national airline of the UAE, is accelerating its growth in the United States with two major enhancements to its North American network, increasing capacity and connectivity across key markets.
Saudi Arabia's Ministry of Investment has signed an investment agreement with SATORP to develop the "Amiral" project, a joint venture between Saudi Aramco and TotalEnergies.
Kuwait has announced the reopening of airspace at Kuwait International Airport starting from Thursday evening.
The Saudi Arabia economy is showing resilience despite a sharp hit to oil production from regional conflict, with a surge in crude prices helping offset the impact, according to a report by Al Rajhi Capital.
Oil prices surged past the $105 threshold on Friday as an escalating maritime standoff between Iran and the United States in the Strait of Hormuz rattled global energy markets.
Oil production across the Gulf, sharply curtailed by the Iran conflict, is expected to stage a strong recovery within months once the Strait of Hormuz fully reopens, according to Goldman Sachs, offering a measure of optimism for regional energy markets.
Dubai Integrated Economic Zones Authority has entered into an agreement with Dutch group Volt for setting up an AI-ready data centre facility in Dubai Silicon Oasis. Under this, DIEZ will provide land and core infrastructure, while Volt UAE will be responsible for the development, finance and lead construction of these facilities.
US President Donald Trump has ordered the country's navy to “shoot and kill” any Iranian boats placing mines in the Strait of Hormuz, even as Iran announced that it has received its first revenue from tolls it imposed on ships passing through the strait.
The Royal Commission for Riyadh City (RCRC) has announced steady progress on the 56-km Second Southern Ring Road Project with 27% of the work already completed. The project scope includes 10 main intersections, 32 flyovers and bridges as well as 20 tunnels and 77 stormwater culverts.
Archer has been awarded a three-year contract extension by Equinor for the provision of wireline and intervention services on the Norwegian Continental Shelf.
Tumodo reports Mena business travel trends in Q1 2026, with January up 5%, February surging 20%, and March slightly lower but above January. Overall bookings matched Q4 2025, with potential 25% growth absent disruptions conflict.
Saudi Arabia achieved record growth in date exports in 2025, with their value reaching SAR1.938 billion ($516.89 million), a 14.3% increase compared to 2024 and a significant 59.5% surge since 2021.
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.
Vision Hospitality will launch a 45,000 sq ft multi-concept dining and entertainment destination at Reem Mall, Abu Dhabi, featuring McGettigan’s and a live sports Fan Zone, marking a major regional expansion.
The Emirates Drug Establishment (EDE) has announced the country’s first fully AI-discovered and developed drug candidate by a research team at Insilico Medicine.
Qatar's Public Works Authority (Ashghal) has announced that over 90% work is now complete at Sidra - Education City project and is on track for opening by year-end. Spanning 74,000 sq m, the key educational facility features a main two-storey building with classrooms and multi-purpose halls.
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.
Al Rajhi Capital, a leading financial services provider in Saudi Arabia, has collaborated with top ratings agency S&P Global to launch the "Al Rajhi Capital Saudi Construction Index", a new high-frequency indicator designed to track changes in business conditions across the kingdom’s construction sector.
Meta has signed an agreement to deploy AWS Graviton processors at scale. The deal marks a significant expansion of a long-standing partnership between the two companies as Meta builds its next generation of AI.
BlueFive Capital, a global investment platform based in Abu Dhabi, has announced that its consortium has entered into a deal with luxury auto brand Porsche to acquire its entire stake in Bugatti Rimac, a joint venture set up in 2021 to serve as home to the iconic Bugatti brand.
Saudi Arabia's General Entertainment Authority and Riyadh Season, under the leadership of Turki Alalshikh, in cooperation with WWE, today announced that Night of Champions will return to Kingdom Arena in Riyadh on Saturday, June 27, 2026.
Diplomatic efforts to end the ongoing US-Iran conflict showed little progress on Monday, as talks remained stalled and Iran’s top diplomat travelled to Russia for high-level consultations, while US President Donald Trump signalled a tougher stance on negotiations.
