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...
Geostrategy
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...
Business
Business
Saudi launches one-stop platform for summer travel offers and experiences
Dubai, UAE -- Saudi Arabia's tourism authority has launched a digital platform bringing together travel offers and tourism packages from...
- Platform combines accommodation, flights, events and entertainment offers.
- Packages available for Riyadh, Jeddah, Asir, Red Sea, Taif and Al-Baha.
Geostrategy
Marco Rubio : ‘We’re going to be completely aligned with our partners in the Gulf’
He said that technical talks between the United States and Iran are expected to resume in Switzerland on June 29...
- Oil markets have responded positively to the easing tensions, with Brent crude falling below $75 a barrel this week.
- Natural gas demand will start returning during the third quarter, Gas Exporting Countries Forum Secretary General Philip Mshelbila said.
Business
Saudi tourist spending rises to $22 billion in Q1 despite drop in foreign arrivals
Domestic travel helped sustain Saudi Arabia's tourism sector in the first quarter, with total visitor numbers rising to 37.2 million...
- International visitors generated SAR48 billion, nearly 60% of total tourism spending despite representing just one-fifth of travelers.
- More than 105,000 hotel rooms are scheduled for delivery by 2030 as Saudi Arabia expands tourism infrastructure.
Geostrategy
Oman opens temporary Hormuz shipping corridor as efforts intensify to restore maritime traffic
Muscat said the measure was intended to safeguard freedom of navigation in accordance with international maritime law and without imposing...
- IMO says more than 11,000 seafarers stranded in Gulf region will be evacuated under phased operation.
- Iran rejects U.S. claims it agreed to renewed IAEA inspections at nuclear facilities damaged during war.
Geostrategy
UN inquiry says Israeli targeting of Palestinian children points to ‘genocidal intent’ in Gaza
The findings were published by the UN Independent International Commission of Inquiry, which said it had found evidence that Palestinian...
- The inquiry, established by the UN Human Rights Council in 2021, said at least 20,179 children had been killed and more than 44,000 injured in Gaza.
- The report also cited widespread trauma, displacement, starvation, family separation and the collapse of education and healthcare systems.
Business
Gold prices fall 1 percent on Fed rate rise expectations, gold edges higher
Brent crude futures rose 24 cents, or 0.38%, to $78.15 a barrel by 0026 GMT, while U.S. West Texas Intermediate...
- The gains followed a selloff of more than 3% on Monday, when oil prices fell after signs of progress in negotiations between Washington and Tehran.
- Spot gold was down 1.1% at $4,142.61 an ounce as of 0414 GMT, while U.S. gold futures for August delivery fell 1% to $4,160.20.
Geostrategy
AI to cancer vaccines: Emerging technologies edge closer to large-scale adoption
World Economic Forum's Top 10 Emerging Technologies Report 2026, developed alongside the Dubai Future Foundation, has identified 10 technologies that...
- Advances in healthcare, energy and manufacturing increasingly depend on infrastructure, deployment capacity, regulation and public adoption.
- Among the technologies identified are everything-to-grid energy systems, direct lithium extraction and precision fermentation.
Business
Abu Dhabi new business licenses rise 21% in first quarter, ADRA says
New economic licences issued in Abu Dhabi rose 21% in the first quarter of 2026 from a year earlier, reflecting...
- New licences rose 58% in Al Ain and 28% in Al Dhafra, outpacing growth in Abu Dhabi city.
- Thirty-four industrial facilities entered production during the quarter, supporting local manufacturing capacity and supply-chain development goals.
Geostrategy
Iran says it will administer Hormuz as talks make progress on Lebanon security
Mediators Qatar and Pakistan announced the creation of a direct communication channel designed to reduce the risk of misunderstandings and...
- Tehran says Swiss negotiations produced progress on Lebanon, oil sanctions and access to frozen Iranian funds.
- U.S. and Iran establish direct channels aimed at reducing risks around Hormuz and enforcing Lebanon truce.
Economy
Bain identifies four priorities for sovereign wealth funds as assets approach $30 trillion
State-backed investors are expanding beyond traditional investment models, increasing exposure to alternatives, AI and direct deals while balancing returns with...
- Top 10 sovereign wealth funds hold more than 75% of global assets.
- Sovereign wealth funds reached about $15 trillion in assets under management in 2025.
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...
Geostrategy
Company News
DEWA posts record H1 profit
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Tabreed H1 revenue $308m
Business
Etihad Airways becomes first airline to accept Jaywan payments
Etihad Airways has become the first airline to accept Jaywan, the UAE’s national domestic card scheme, for flight bookings on...
Business
Trump warns countries helping Iran of ‘tremendous economic consequences’
Tehran dismissed Washington’s latest pressure campaign as a diversion from US economic troubles as shipping through Hormuz remained severely restricted.
Geostrategy
Saudi POS transactions fall to $3.8 billion in week ended Aug 15
Dubai, UAE -- Point-of-sale transactions in Saudi Arabia fell to nearly $3.79 billion in the week ended Aug. 15, from...
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Business
Foreign buyers, expats account for bulk of Abu Dhabi’s $19.2bn H1 home sales
Off-plan deals dominated residential activity, while rising prices, strong rental demand and significant future deliveries pointed to continued momentum across...
- Emirati buyers more than doubled commitments from a year earlier, while foreign buyers represented most residential sales value.
- Retail and office markets maintained high occupancy, with new lease prices rising nine percent and 13 percent respectively.
Geostrategy
Trump says no Iran talks as Israeli strikes on Syria draw condemnation
Iranian Foreign Minister Abbas Araghchi said Iran was seeking an end to the war and rejected the idea of a...
- Turkey and Egypt reject Israel’s justification for the strikes, while the United Nations urges an immediate end to attacks.
- Hormuz traffic falls further as Iran maintains demands for lifting sanctions and blockade before the waterway can reopen.
Geostrategy
UAE defense ministry says ‘missile threat towards country’ detected
The Ministry said if any sounds are heard, they are the result of air defense interceptions and "affirmed its full...
- The ministry urged the people to "kindly follow warnings and updates issued through official channels".
- Meanwhile, US President Donald Trump claimed the Strait of Hormuz as American territory as peace talks with Iran falter.