Adani, Abu Dhabi’s IRH to invest $11.5bn in Odisha aluminum project
Dubai, UAE -- Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, have agreed to establish...
Business
Trump says Iran denuclearization ‘moving along well’ as Doha talks continue
Technical negotiations continue over shipping, sanctions and ceasefire implementation as mediators work to translate the June accord into practice.
Geostrategy
Business
Emirates becomes first airline cargo carrier to deploy Boeing 777-300ERSF
Dubai, UAE -- Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first...
- The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tones of cargo.
- The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.
Geostrategy
Iran demands MoU implementation before US talks in Doha
Trump said US envoys were travelling to Qatar for what he described as a "perhaps important, perhaps not" meeting, adding...
- Strait of Hormuz dispute remains major obstacle as Tehran demands sanctions relief and asset releases before broader negotiations begin.
- Brent crude, the primary international benchmark, has dipped with investors eyeing potential US-Iran talks in Doha.
Business
GCC asset management reaches $2.7 trillion as retail growth outpaces institutions
Boston Consulting Group says regional asset managers must strengthen distribution capabilities and technology adoption as industry competition intensifies globally.
- Retail assets outpaced institutional growth, highlighting accelerating demand despite institutional investors continuing to dominate regional assets under management.
- BCG says distribution capabilities, AI adoption and technology investment will increasingly determine competitive advantage for regional asset managers.
Geostrategy
US and Iran agree to halt strikes, pursue technical talks: Official
AFP quoted an American official as saying that the technical talks are slated to continue on all areas of the...
- Hezbollah on Monday said it reserved the right to self-defence after several Israeli attacks on southern Lebanon despite a truce.
- Lebanese Parliament Speaker and Hezbollah ally Nabih Berri also said the trilateral framework would not pass.
Business
OpenAI limits release of new model after US government request
Dubai, UAE -- ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...
- OpenAI launched a limited preview of its GPT-5.6 models after a request from the US government before wider release.
- The preview includes Sol, Terra and Luna models, initially available only to a small group of trusted partners.
Business
Sharjah Chamber registers 30,000 memberships in H1
Dubai, UAE -- The Sharjah Chamber of Commerce and Industry (SCCI) reported an impressive surge in registered memberships in the...
- Saudi Arabia ranked as Sharjah’s largest export destination, with the total export and re-export values surpassing AED1.5 billion, followed by Kuwait, Iraq, Qatar, and Ethiopia.
- SCCI reported 26,100 membership renewals across industrial, commercial, and professional sectors and 900 free zone memberships (new and renewed
Business
Saudi Arabia mandates tougher money laundering risk assessments
Dubai, UAE -- Saudi Arabia has updated the executive regulations of its Anti-Money Laundering Law, introducing stricter disclosure requirements for...
- Travellers must declare cash, gold, jewellery and precious items worth SAR40,000 or more when entering or leaving the kingdom.
- New rules establish Riyadh as headquarters of the General Directorate of Financial Intelligence, with authority to open nationwide branches.
Geostrategy
US and Iran trade strikes again, threatening fragile ceasefire
US Central Command said American fighter jets struck 10 Iranian military sites in and near the Strait of Hormuz, while...
- Iran warned continued US attacks would collapse the Strait of Hormuz agreement and halt ongoing diplomatic negotiations immediately.
- Netanyahu, meanwhile, said Lebanon's framework deal allows Israel to maintain a southern security zone until Hezbollah is fully disarmed permanently.
Geostrategy
Iran claims retaliation against US as Hezbollah protests Israel-Lebanon agreement
Tehran warned of broader retaliation if attacked again as Washington defended its military action, while unrest spread to Beirut after...
- Hezbollah supporters blocked Beirut roads and burned tyres protesting the US-backed Israel-Lebanon framework agreement announced in Washington.
- Hezbollah was not involved in the negotiations and has previously rejected calls for nationwide disarmament.
Business
Nasdaq Dubai lists $500 million Arab Energy Fund sukuk
Dubai, UAE -- Nasdaq Dubai has listed a $500 million sukuk issued by The Arab Energy Fund (TAEF), adding to...
- The senior unsecured trust certificates, issued through APICORP Sukuk Limited under TAEF's Trust Certificate Issuance Programme, mature in 2031.
- The sukuk was priced at a spread of 70 basis points over the Secured Overnight Financing Rate (SOFR).
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Adani, Abu Dhabi’s IRH to invest $11.5bn in Odisha aluminum project
Dubai, UAE -- Adani Enterprises and Abu Dhabi-based International Resources Holding (IRH), an IHC Group company, have agreed to establish...
Business
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Women in Tech Global and UN Women launch “Beyond Ceilings” campaign on women’s empowerment
The "Beyond Ceilings" campaign urges people to confront and challenge the glass ceiling, and reminds the audience of the vast possibilities that await women once they overcome...
GCC asset management reaches $2.7 trillion as retail growth outpaces institutions
Boston Consulting Group says regional asset managers must strengthen distribution capabilities and technology adoption as industry competition intensifies globally.
Business
US and Iran agree to halt strikes, pursue technical talks: Official
AFP quoted an American official as saying that the technical talks are slated to continue on all areas of the...
Geostrategy
OpenAI limits release of new model after US government request
Dubai, UAE -- ChatGPT developer OpenAI is restricting access to its latest artificial intelligence (AI) model at the request of...
Business
Most Read
Business
Saudi Arabia mandates tougher money laundering risk assessments
Dubai, UAE -- Saudi Arabia has updated the executive regulations of its Anti-Money Laundering Law, introducing stricter disclosure requirements for...
- Travellers must declare cash, gold, jewellery and precious items worth SAR40,000 or more when entering or leaving the kingdom.
- New rules establish Riyadh as headquarters of the General Directorate of Financial Intelligence, with authority to open nationwide branches.
Geostrategy
US and Iran trade strikes again, threatening fragile ceasefire
US Central Command said American fighter jets struck 10 Iranian military sites in and near the Strait of Hormuz, while...
- Iran warned continued US attacks would collapse the Strait of Hormuz agreement and halt ongoing diplomatic negotiations immediately.
- Netanyahu, meanwhile, said Lebanon's framework deal allows Israel to maintain a southern security zone until Hezbollah is fully disarmed permanently.
Geostrategy
Iran claims retaliation against US as Hezbollah protests Israel-Lebanon agreement
Tehran warned of broader retaliation if attacked again as Washington defended its military action, while unrest spread to Beirut after...
- Hezbollah supporters blocked Beirut roads and burned tyres protesting the US-backed Israel-Lebanon framework agreement announced in Washington.
- Hezbollah was not involved in the negotiations and has previously rejected calls for nationwide disarmament.