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...
Business
IAEA prepares to inspect Iran nuclear sites as US, Gulf states back Tehran accord
In Israel, Prime Minister Benjamin Netanyahu and Defence Minister Israel Katz said Israeli forces would remain indefinitely in what they...
Geostrategy
Geostrategy
Saudi, Qatar airlines adjust flights as regional tensions disrupt travel
Dubai, UAE -- Airlines has extended the suspension of flights to several Gulf destinations as regional tensions continue to affect...
- Saudi Airlines extends flight suspensions to several Gulf destinations while monitoring developments and evaluating gradual service resumption.
- Qatar Airways launches limited schedule from Doha to reconnect passengers following temporary authorization from civil aviation authorities.
Geostrategy
G7 ministers consider oil reserves as markets face volatility
In a statement following a virtual meeting with International Energy Agency (IEA) Executive Director Fatih Birol, the ministers said they...
- They added that proactive measures—including the possible use of strategic oil reserves—remain under consideration as part of efforts to stabilize global energy markets.
- The ministers said coordination is ongoing among G7 members as well as with IEA member states and other partners.
Opinion
The shift from innovative to native: Unlocking where real AI value lies
There are, of course, technical hurdles to overcome, too, one of which is modernizing legacy systems. Many enterprises still operate...
Business
Empower distributes $701 million dividends since listing
Dubai, UAE -- Emirates Central Cooling Systems Corporation PJSC (Empower) said it has distributed AED2.575 billion in dividends to shareholders...
- The company recorded AED3.419 billion revenue in 2025, while net profit rose 10.5% year-on-year to AED1.004 billion.
- In 2025, shareholders approved a dividend of AED875 million for 2025, paid in two equal instalments of AED437.5 million in April and October.
Geostrategy
Iran escalation sharpens oil, inflation concerns
Lale Akoner, Global Market Analyst, says while the escalation has introduced new risks, the broader investment case for equities in...
- Iran escalation heightens sensitivity to oil, inflation and interest rates, shaping equity valuations and expectations for monetary policy.
- US markets show resilience as investors favor liquidity and Treasuries, supporting the dollar during periods of geopolitical uncertainty.
Arts & Culture
Traditional coffee roaster reflects Saudi heritage
The mahmas is typically made of thick iron or copper and consists of a hollow cylindrical disc with a long...
- Beans are roasted over fire until they turn golden and their husks fall off, before being transferred to a wooden container known as the “mibradah.”
- Roasting methods varied across the Arabian Peninsula, including the Shaghdaliyah, Hijaziyah, Qatifiyah and Hasawi roasters.
Geostrategy
Six Ramadan initiatives launched in Asir region
Abha, Saudi Arabia — Six Ramadan community initiatives were launched in Al-Harjah Governorate in Saudi Arabia’s Asir region as part...
- The initiatives cover religious education, heritage preservation, archaeological documentation and traditional arts.
- A workshop titled “Color Your Heritage” explored Al-Qatt Al-Asiri art and integrated it with Tihami heritage motifs.
Geostrategy
Bapco Energies declares force majeure on operations
Manama, Bahrain --- Bapco Energies BSC (Closed), Bahrain’s integrated energy company, announced force majeure on its group operations on Monday....
- The company said the move follows the ongoing regional conflict in the Middle East and a recent attack on its refinery complex.
- Bapco Energies said all local market needs remain fully secured through proactive plans to ensure the continuity of supplies and meet domestic demand without disruption.
Economy
GCC agriculture sectors post strong 2024 performance
Muscat, Oman -- Gulf Cooperation Council countries recorded strong performance in agriculture, livestock and fisheries during 2024, reflecting the growing...
- Agricultural and fisheries exports rose to $7.8 billion, up 7.5 percent, while imports reached $38.7 billion, an increase of 10.1 percent.
- Vegetables accounted for 45.8 percent of total crop production, the largest share among plant products.
Geostrategy
Khalifa Education Award begins judging stage
Abu Dhabi, UAE — The General Secretariat of the Khalifa Award for Education, one of the institutions of the Zayed...
- This phase will be carried out through interviews conducted by specialized judging committees to review educational projects.
- The General Secretariat said the evaluation and judging phase aims to measure the actual impact of the submitted works.
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...
Business
Company News
China’s LNG ambitions take shape
Business
Latest News
Saudi Arabia’s inflation rises to 1.8 percent in May on higher rents
Dubai, UAE -- Saudi Arabia’s annual inflation rate rose to 1.8% in May 2026, up from April, as higher housing,...
Economy
Eight Arab nations, $40.9bn impact: The World Cup’s economic power play
Beyond setting a participation record, the unprecedented Arab presence at the 2026 World Cup highlights the growing economic influence of...
Opinion
Forbes lists Emirates Auction CEO among top CMOs
Dubai, UAE -- Omar Matar Al Mannaei, chief executive officer and chief marketing officer of Emirates Auction, has been named...
Business

Most Read
Geostrategy
US and Iran agree to ‘immediate’ end to military operations, will sign MoU in Switzerland
The content of the agreement, which follows weeks of fraught negotiations and periodic threats from Trump of fresh hostilities unless...
- The agreement, brokered with the help of Pakistan, was announced after weeks of conflict between the United States and Iran.
- Iranian Deputy Foreign Minister Kazem Gharibabadi confirmed that a ceasefire would take effect immediately and said negotiations on a final agreement would continue for 60 days.
Analysis
Dubai property market cools speculation but retains underlying strength
After a record-breaking 2025, the Emirate’s market has found a new level and a new temperament., writes Charles Philion, founder...
- Secondary market activity shrank as purchasers pursued genuine discounts, signalling greater selectivity and tougher negotiations across communities.
- Rising construction costs are emerging as the key risk, potentially affecting project timelines and developer profitability.
Geostrategy
Trump predicts Iran accord to be signed soon, Hormuz to open
Mediators voiced growing optimism that weeks of negotiations were nearing completion, while competing narratives from Washington and Tehran underscored lingering...
- Iran's Foreign Ministry spokesman Esmaeil Baqaei said a signing date had not yet been determined and indicated an accord would not be signed on Sunday.
- Pakistan Prime Minister Shehbaz Sharif said on X that the agreement was closer “than ever before” and expected to be finalised within 24 hours.

