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...
Business
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...
Geostrategy
Business
UAE places sixth among world’s most popular Muslim-friendly destinations
Dubai, UAE -- Mastercard and CrescentRating released the 11th edition of the Global Muslim Travel Index (GMTI), revealing how AI,...
- The report projects international Muslim arrivals to increase to 208 million this year, compared to 196 million in 2025, and reach 262 million by 2030.
- GMTI 2026 indicates that 80% of travellers surveyed worldwide now use AI tools for travel purposes, signalling a major shift in how they discover, evaluate and plan their journeys.
Business
Arada launches platform targeting $5bn in assets under management
Dubai, UAE -- UAE developer Arada has launched Arada Capital, a funds management platform targeting $5 billion in assets under...
- The company said the new platform would initially focus on real estate investments before broadening into infrastructure and other private market assets.
- Founded in 2017, Arada has launched 11 projects in the UAE and has since expanded into the United Kingdom and Australia.
Geostrategy
Missile attack sets tanker ablaze off Oman as US blames Iran
The latest incident follows weeks of escalating tensions over a US-backed maritime corridor through Omani territorial waters, a route Iran...
- In Lebanon, President Joseph Aoun said he expects to visit the White House before the end of July for talks with US President Donald Trump.
- Separate reports said more than 600,000 Lebanese remain unable to return to their homes because of continuing Israeli military operations.
Business
Gold holds near two-week high on tempered Fed rate hike expectations
Dubai, UAE -- Gold was steady near a two-week high on Monday after a ‌softer-than-expected US jobs report last week...
- Spot gold was steady at $4,174.66 per ounce, as of 02:52 GMT, after hitting its highest since 22nd June 22 earlier in the day.
- US gold futures for August delivery climbed 1.5 percent to $4,186.70 per ounce.
Geostrategy
Funeral procession for Khamenei begins, mourners carry anti-US and anti-Israel messages
Organizers said the procession is expected to last between 10 and 12 hours along a roughly 10-kilometre route passing through...
- The procession had begun from Tehran's Grand Mosalla mosque, where Khamenei's body had lain in state for two days.
- Ayatollah Ali Khamenei was killed on February 28 in US-Israeli air strikes that launched the conflict between Iran and Israel.
Geostrategy
OPEC+ agrees fresh August output hike as Gulf oil production slowly recovers
The producer group approved another increase of 188,000 barrels per day for August, signaling confidence that Gulf oil output can...
- Gulf output remains well below pre-war levels despite improving shipping through Hormuz.
- Analysts say restarting shut-in production will take time, while 2027 quota talks could test OPEC+ unity.
Business
EMEA megadeals surge as AI reshapes global dealmaking strategy: Report
The report warns that companies now face a new challenge: pursuing large acquisitions while simultaneously funding and executing AI transformations.
- Global M&A value rose 41% year-on-year to $2.4 trillion in the first five months of 2026. Source: Bain & Company. See line 4.
- Bain says companies are pursuing scale, resilience and AI-related capabilities through acquisitions.
Geostrategy
Funeral prayers offered for Khamenei, family members amid cries for revenge
The prayers were attended by President Masoud Pezeshkian, senior military commanders and members of Khamenei's family, although his successor, Mojtaba...
- The funeral programme will continue with a mass procession through Tehran on Monday before ceremonies in other cities.
- Tehran’s metro network has registered more than 7 million passenger trips from 5:30pm (14:00 GMT) on Saturday to 7am (03:30 GMT) on Sunday.
Geostrategy
Mourners stream into Tehran for Khamenei farewell amid calls for ‘revenge’
The funeral of Iran's assassinated supreme leader has drawn mourners and foreign delegations from more than 100 countries, with Tehran...
- Red flags symbolising demands for revenge were prominently displayed during the funeral ceremony.
- More than 5,000 schools have been opened to accommodate pilgrims travelling to Tehran for the funeral.
Business
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...
- The integrated complex will include an alumina refinery, aluminium smelter, captive power plant and downstream manufacturing park.
- The investment is expected to create 53,500 jobs and become India's largest foreign investment in the metallurgy sector.
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...
Business
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Gold prices hit highest levels in three months, oil falls
Oil prices fell by more than $1 a barrel on Monday as investors took profits ahead of an expected US...
Business
Iran dismisses new US sanctions threat as ‘same movie’ amid escalating economic war
Araghchi’s comments came as Washington signalled that its next round of measures would go beyond targeting Iran itself, potentially placing...
Geostrategy
UAE archaeological finds reveal new human history insights
Discoveries spanning prehistoric settlements, Bronze Age tombs and heritage sites are deepening understanding of ancient communities and their regional connections.
Arts & Culture
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Geostrategy
Iran calls new US sanctions ‘declaration of war’ against all countries
US president Donald Trump, meanwhile, says he views the Strait of Hormuz as 'an American territory' and Iran 'cannot be...
- Tanker traffic at Saudi Arabia’s Yanbu port has fallen by more than a third since Yemen’s Houthis announced a blockade of Saudi vessels through the Bab al-Mandeb.
- Georgia has declined to join the latest European Union sanctions against Iran, saying its international political decisions are guided exclusively by national interests.
Business
Borouge okays $656m dividend
The company said dividend reflects its resilience
- The company reaffirmed its 2026 dividend target of 16.2 fils per share following its integration into Borouge International.
- Since its initial public offering in June 2022, Borouge shareholders have received $4.9 billion in dividends.
Business
Dubai completes 104 real estate projects worth over $30.22 billion
Dubai completed 104 real estate projects worth more than AED111 billion in the first half of 2026, according to Dubai...
- New units rose 36 percent to 24,537, while land allocated to completed projects more than doubled during H1.
- The completed and ready-for-handover built-up area rose 23.4 percent to 1.95 million square metres.