Trump warns Iran faces deal or ‘blow them up’
His warning comes as US Defense Secretary Pete Hegseth said American forces had “destroyed” Iran’s military and crippled its nuclear...
Geostrategy
Business
Emerson to build new automation solutions service center in Qatar
Emerson, a global automation solutions company, said on Wednesday it plans to build a new solutions service center in Qatar's...
- The facility will include region's first certified in-country flow calibration lab, along with other automation technologies.
- The 3,500-square-meter facility adds to Emerson's existing manufacturing, service and distribution locations in Saudi Arabia and the United Arab Emirates.
Business
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...
- Subscriptions run through September 28, with allocation September 29 and issuance, refunds and settlement scheduled for September 30.
- The sukuk will trade on Nasdaq Dubai from October 1, extending retail investors' access to secondary-market liquidity.
Business
UAE tops Arab Digital Economy Index 2026
The UAE topped the Arab Digital Economy Index 2026, with the assessment highlighting regional gains in infrastructure, digital government and...
- The index identified persistent gaps in innovation, research and development, data economies and converting digital investment into productivity.
- Saudi Arabia, Bahrain, Qatar and Oman joined the UAE in the highest-performing group, while 11 countries develop digital foundations.
Geostrategy
Trump hails productive Iran talks as Tehran says conditions conveyed to US through Qatar
Iran seeks end to the war on all fronts, a halt to “acts of aggression”, an end to the naval...
- Hormuz traffic remains sharply below its 10-day average, while Saudi loading activity rises following disruption to its East-West pipeline.
- US prosecutors are investigating Binance over possible violations of US sanctions on Iran and trading activity on its platform.
Business
Maldives and Eagle Hills sign terms for $12 billion waterfront destination
The project, known as Maldives Waterfront and Marina, is planned as an integrated tourism and residential destination combining hotels and...
- Properties will be offered under Maldivian law on leasehold terms of up to 99 years, restarting after transfer.
- Maldives Infrastructure, Housing and Urban Development Minister Abdulla Muththalib described the project as the country’s largest investment programme.
Geostrategy
IRGC says US, Israel must withdraw as Iran war strains economy
Iran’s GDP shrank 10.1% year-on-year between March 21 and June 20, according to the Statistical Center of Iran, covering the...
- US envoy Mike Waltz says Trump remains open to talks if Iran returns to negotiations in good faith.
- Iraq says Hormuz restrictions have cost it $60 billion since war began, including 60 percent of export revenue.
Expo 2020 DUBAI
Global economy stabilizes as fiscal room narrows, WEF says
World Economic Forum survey finds improving global outlook, but tighter fiscal space, geopolitical risks, AI investment uncertainty and living costs...
- Chief economists see resilience shifting from spending toward supply chains, technology and energy adaptation as fiscal support fades.
- AI adoption is expected to accelerate while data-centre expansion raise electricity and water prices and face community resistance.
Geostrategy
Sheikh Ahmed bin Rashid Al Maktoum passes away, 10-day mourning declared
His brother, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, mourned his death on social media, writing: “You...
- He was closely associated with Al Wasl Sports Club for decades and was part of a group of young men who helped establish the organization in a small house in Zabeel in 1960.
- He also served as Deputy Chairman of Dubai Police and Group Chairman of ARM Holding, a UAE-based private investment firm.
Business
PIF launches digital platform Tawrid for providing supply-chain financing
The Public Investment Fund (PIF) has announced the launch of Tawrid Company for Financing Solutions, an innovative digital platform providing...
- Tawrid has obtained the Saudi Central Bank’s (SAMA) permit to operate under the regulatory “Sandbox” environment, Argaam reported.
- Tawrid has started operations and has already signed binding agreements with local banks and companies.
Geostrategy
Iran warns US, regional states of retaliation ‘without limitations’ if attacked
The warning came as US President Donald Trump said he was considering three options for dealing with Tehran — reaching...
- Hormuz shipping remains sharply below pre-war levels as oil prices ease on hopes that diplomacy could reduce tensions.
- Before the war, around 125 large commercial vessels passed through the waterway each day.
Trump warns Iran faces deal or ‘blow them up’
His warning comes as US Defense Secretary Pete Hegseth said American forces had “destroyed” Iran’s military and crippled its nuclear...
Geostrategy
Company News
Masar signs $82m land deal
Business
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Saudi Arabia, UAE climb WEF Tourism Index despite Middle East conflict disruption
Saudi Arabia jumps 17 places since 2019 on workforce reform and Vision 2030 investment, while the UAE tops the world...
Business
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 central bank bars Bank Melli Iran branches from Iran transactions
The violations included non-compliance with requirements and obligations under UAE legislation relating to combating money laundering, the financing of terrorism...
Business
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Geostrategy
Pezeshkian says Iran won’t surrender, but remains open to negotiations
Speaking at the United Nations General Assembly in New York, Pezeshkian delivered a defiant response a day after US President...
- Oil prices edged lower after Iran signalled that it remained open to diplomacy.
- New US aviation sanctions have disrupted Iranian air travel, with airlines and neighbouring countries cutting services to Iranian carriers.
Business
Emerson to build new automation solutions service center in Qatar
Emerson, a global automation solutions company, said on Wednesday it plans to build a new solutions service center in Qatar's...
- The facility will include region's first certified in-country flow calibration lab, along with other automation technologies.
- The 3,500-square-meter facility adds to Emerson's existing manufacturing, service and distribution locations in Saudi Arabia and the United Arab Emirates.
Business
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...
- Subscriptions run through September 28, with allocation September 29 and issuance, refunds and settlement scheduled for September 30.
- The sukuk will trade on Nasdaq Dubai from October 1, extending retail investors' access to secondary-market liquidity.