Turkey, Saudi Arabia and Pakistan plan emergency military talks over Houthi attacks
UAE suspends Iranian airline flights, joining regional countries restricting carriers as US sanctions intensify pressure on Tehran’s aviation sector and...
Geostrategy
UAE sets 5.06 percent profit rate for retail T-Sukuk
The UAE Ministry of Finance set a 5.06% annual profit rate for its second five-year Sovereign Retail T-Sukuk issuance. Subscriptions...
Business
Geostrategy
US strikes Iran for tenth night after Tehran attacks bases in Bahrain, Kuwait
The US State Department issued a worldwide security alert, urging American citizens to exercise increased caution because of heightened tensions...
- IRGC said they targeted missile defense systems, radar facilities and satellite reception systems at U.S. positions in Kuwait.
- The Guard also claimed attacking radar installations and other military assets at two American outposts in Bahrain.
Geostrategy
Burnham names new cabinet after replacing Starmer as UK prime minister
Britain's new leader pledged a 10-year plan to ease living costs, re-industrialize the economy and decentralize power while reshaping his...
- Burnham removed several allies of predecessor Keir Starmer, appointing John Healey as finance minister, Ed Miliband as foreign minister and Wes Streeting as defense minister.
- Burnham spoke with U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky on his first day, while opposition politicians called for a snap election.
Business
Kuwait’s annual inflation rises 2.19 percent in June
Dubai, UAE -- Kuwait's consumer price index (CPI), a key measure of inflation, increased by 2.19% year-on-year at the end...
- The Central Statistical Bureau (CSB) said the annual inflation rate was mainly attributed to increases in the prices of food, healthcare, clothing and education.
- The food and beverages group recorded the highest annual increase, rising 5.55% compared with June 2025.
Business
Sanad posts record revenue
Growth driven by global demand for services.
- Company expanded engine portfolio to 17 assets and increased annual workforce 44 percent as it broadened aerospace capabilities.
- Sanad invested over $218 million in infrastructure, including new repair and testing facilities, to support long-term aviation growth.
Business
Saudi public investment funds assets rise 20 percent in Q1 to $61 billion
Dubai, UAE -- Assets of Saudi Arabia's public investment funds rose 20 percent year-on-year to SAR231.7 billion ($61.8 billion) in...
- Assets of local funds increased 17 percent from a year earlier to SAR192.1 billion, accounting for 83 percent of total public investment fund assets, Argaam reported.
- Assets of foreign funds, which represented the remaining 17 percent of total assets, rose 35 percent year-on-year to about SAR39.6 billion, according to the report.
Geostrategy
UAE says retraction of Dubai ‘explosions’ report will not halt probe
Dubai, UAE -- The government has said that Reuters' decision to withdraw and apologise for a report claiming explosions were...
- Attorney-General Hamad Saif Al Shamsi said the Public Prosecution had expanded its investigation into the publication and circulation of the report.
- Reuters said on Friday it had withdrawn the July 16 report because it did not meet the news agency's editorial standards.
Business
Abu Dhabi real estate transactions more than double in H1
Data released by the Abu Dhabi Real Estate Centre (ADREC) showed total real estate transactions reached $31.9 billion in the...
- Foreign investment jumped 309 percent while new investment zones and projects underscored growing global confidence in Abu Dhabi property.
- The number of nationalities represented by non-resident investors rose to 116 from 82 a year earlier.
Geostrategy
US strikes Iran again as Supreme Leader says breaches show Trump signature ‘invalid’
US Central Command (CENTCOM) said the latest attacks targeted Islamic Revolutionary Guard Corps (IRGC) forces it blamed for the Jordan...
- Iran's army said it launched "large-scale" drone attacks against Camp Udairi and Ali Al Salem Air Base in Kuwait in response to continued US strikes on Iranian territory.
- Washington said the latest deaths brought the number of US military fatalities linked to the conflict to 16.
Geostrategy
Iran says it has suspended commitments to MoU as it is ‘busy defending the country’
US struck Iran for the seventh consecutive night, prompting Tehran to launch attacks on the neighboring Gulf nations. GCC has...
- US strikes killed three people in Hormozgan and injures eight others, according to Iranian media.
- Jordan's army said it intercepted 10 Iranian missiles, reporting no casualties or damage.
Saudi Ports Authority signs $266.6 million logistics agreements
Dubai, UAE -- Saudi Ports Authority (Mawani) signed seven agreements worth 1 billion riyals ($266.6 million) to establish logistics centres...
- The agreements were signed during the inauguration of the Truck Marshaling Project.
- They include projects to develop integrated logistics, warehousing, storage, distribution and re-export facilities.
Turkey, Saudi Arabia and Pakistan plan emergency military talks over Houthi attacks
UAE suspends Iranian airline flights, joining regional countries restricting carriers as US sanctions intensify pressure on Tehran’s aviation sector and...
Geostrategy
Company News
Latest News
Shein’s debut puts its valuation, and its growth story, to test
Shein’s weak debut is a telltale sign that limited share availability cannot disguise investor concerns over valuation and growth, says...
Analysis
Iran targets Jordan, Bahrain after US carries out second wave of strikes
Iranian military spokesman Colonel Ebrahim Zolfaghari said the attacks would continue until the United States “regrets its crimes”, warning that...
Geostrategy
Accenture, AWS sign six-year Middle East cloud, AI, data deal
Accenture has signed a six-year strategic collaboration agreement with Amazon Web Services (AWS) to help organizations across the Middle East...
Business
Most Read
Arts & Culture
Gyr Pure Ultra White falcon sold for $300,000 at Abu Dhabi exhibition
Abu Dhabi, UAE -- The sixth round of auctions at the 2026 Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX)...
- Bred by Mark Mogulitch from the United States, the falcon entered the competition weighing 1,460 grams with a length of 18.5 inches and a width of 18.5 inches.
- Today's round attracted a broad segment of visitors, specialists, falcon enthusiasts, falcon farm owners, breeders, and experts from around the world
Geostrategy
Iran strikes US bases in Jordan, UAE after attack on Larak Island
Tehran says its attacks avenged deaths of IRGC personnel and civilians in the US strike on Larak Island. Jordan intercepted...
- Iran’s army also said it launched dozens of drones at the Al Minhad airbase in the UAE, targeting locations where US forces and helicopters were stationed.
- Jordan hosts about 4,000 US personnel at the Azraq and King Hussein airbases, alongside drones, fighter jets and Patriot air defences.
Business
Syria processes first international card payment in 15 years
Dubai, UAE -- Syria has processed its first international card payment in more than 15 years, Mastercard and QNB Group...
- QNB Syria processed the transaction at an approved local merchant using a Mastercard card issued outside Syria.
- The reconnection could enable wider international card acceptance, expanding digital payment options for consumers and businesses.