Hormuz traffic falls to lowest level in two months after surge in tanker attacks
Saudi Arabia confirmed three deaths and 36 injuries from Houthi strikes, while renewed Yemen fighting has displaced more than 200,000...
Geostrategy
Reading Dubai’s place on the UBS Bubble Index
The index scores the distance between current prices and their historic relationships with local rents, incomes and mortgage debt. A...
Analysis
Geostrategy
Donald Trump says US-Iran ceasefire deal on ‘life support’
Shipping disruptions, sanctions and worsening humanitarian fears deepen global anxiety as Washington rejects Tehran’s latest peace proposal over nuclear concessions.
- UK and France prepared new Hormuz defence coordination talks as regional governments feared prolonged disruption to energy and fertiliser shipments.
- Saudi Aramco warned continued Strait disruptions could delay global oil market normalization until 2027 despite rapid production expansion capability.
Geostrategy
Emirates restores 96 percent global network after disruption
The airline said it now operates to 137 destinations across 72 countries, with more than 1,300 weekly flights, representing about...
- Even during reduced operations, Emirates carried 4.7 million passengers, underscoring resilient travel demand despite widespread disruption to regional air routes.
- The recovery follows a significant disruption triggered by the recent Iran-related conflict, which led to widespread airspace restrictions across parts of the Gulf and West Asia.
Business
Talabat IPO offer price range announced
The subscription will close on 27 Nov for UAE retail investors.
- A total of 3.493 billion shares will be made available in the offering, representing 15% of the company’s total issued share capital.
- All Shares to be offered are existing shares held by the company’s sole shareholder, Delivery Hero MENA Holding.
Economy
Asia-Pacific markets gain ahead of US inflation data
Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...
- Overnight in the U.S., the S&P 500 rallied 0.71 percent to end at 5,792.04
- The labor market is perhaps stronger than FED officials favoring the 50 basis point move had expected
Business
GACA and Volar to build UAE’s first Green Aviation Technology Center
Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU)...
- The Center aims to promote clean energy solutions, support research and development in sustainable aviation technologies.
- "The Centre will play a pivotal role in developing innovative solutions for a more growing, sustainable and greener future," said GACA director general Saif Al Suwaidi.
Economy
Saudi Business Council established to strengthen Eastern European partnerships
The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries,...
- The council aims to align its focus with Saudi Arabia’s Vision 2030 and the economic agendas of Eastern European countries
- This council will be instrumental in expanding the Kingdom's global economic footprint
Economy
Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022
The next steps include official visits by FIFA and a comprehensive evaluation of the bid.
- This bid highlights Saudi Arabia’s commitment to Vision 2030
- Saudi Arabia is currently the sole nation bidding for the 2034 World Cup
Business
Saudi ministry, Red Sea Authority to boost coastal tourism
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
- The program is offered for the first time on board the European Cruise and is accredited by the British University of Plymouth and Dale Carnegie.
- The program will equip employees at luxury coastal resorts and travel agencies with professional skills essential in the tourism sector.
Business
Equinox and NEOM announce Equinox Resort Treyam in Magna
New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one...
- The resort is an architectural marvel, spanning a 450-meter-long bridge-like structure, floating 40 meters above a serene lagoon.
- Equinox Resort Treyam will include spacious guest rooms and suites, a 450-meter pool, world-class culinary concepts, a Club House.
Economy
Transformative New Murabba Stadium design in Riyadh revealed by PIF
Equipped with cutting-edge sporting technology, the stadium will offer an immersive and personalized experience for fans. Additionally, it will act...
- The design of the Stadium symbolizes the fusion of tradition and innovation that defines New Murabba
- The project is scheduled for completion by the end of 2032
Hormuz traffic falls to lowest level in two months after surge in tanker attacks
Saudi Arabia confirmed three deaths and 36 injuries from Houthi strikes, while renewed Yemen fighting has displaced more than 200,000...
Geostrategy
Company News
Latest News
Talabat IPO offer price range announced
The subscription will close on 27 Nov for UAE retail investors.
Business
Asia-Pacific markets gain ahead of US inflation data
Asia-Pacific markets traded higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial...
Economy
GACA and Volar to build UAE’s first Green Aviation Technology Center
Montreal, Canada -- The General Civil Aviation Authority (GACA) and Volar Air Mobility have signed a Memorandum of Understanding (MoU)...
Business
Most Read
Economy
Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022
The next steps include official visits by FIFA and a comprehensive evaluation of the bid.
- This bid highlights Saudi Arabia’s commitment to Vision 2030
- Saudi Arabia is currently the sole nation bidding for the 2034 World Cup
Business
Saudi ministry, Red Sea Authority to boost coastal tourism
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
- The program is offered for the first time on board the European Cruise and is accredited by the British University of Plymouth and Dale Carnegie.
- The program will equip employees at luxury coastal resorts and travel agencies with professional skills essential in the tourism sector.
Business
Equinox and NEOM announce Equinox Resort Treyam in Magna
New York, US -- Luxury hospitality group Equinox Hotels has announced plans for the opening of Equinox Resort Treyam, one...
- The resort is an architectural marvel, spanning a 450-meter-long bridge-like structure, floating 40 meters above a serene lagoon.
- Equinox Resort Treyam will include spacious guest rooms and suites, a 450-meter pool, world-class culinary concepts, a Club House.