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...
Business
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...
Geostrategy
Geostrategy
Iran talks: Washington, Tehran agree mechanisms for Lebanon ceasefire, Hormuz security
Qatar and Pakistan, which mediated the negotiations at a lakeside resort in Switzerland, said in a joint statement that Washington...
- Iranian Foreign Minister Abbas Araghchi said on social media that "major progress" had been achieved toward ending the conflict in Lebanon.
- Iranian state media reported that sanctions relief, particularly measures affecting the country's oil industry, was also discussed during the Swiss meetings.
Geostrategy
Digital Dubai’s contribution lifts Dubai in global city brand rankings
DUBAI, June 22 — Digital Dubai contributed an estimated AED31 billion ($8.5 billion) to Dubai’s overall brand value, helping the...
- The study said Digital Dubai accounted for a significant share of Dubai’s nearly AED1 trillion place-brand value.
- It also played a key role in boosting the emirate’s standing in the City Brand Strength Index, where Dubai scored 86 out of 100.
Business
Saudi Arabia cuts US Treasury holdings by $9.5 billion in April
Dubai, UAE -- Saudi Arabia reduced its holdings of U.S. Treasury securities by $9.5 billion in April to $140.1 billion,...
- The decline followed a sharp increase earlier this year that had lifted Saudi holdings to a six-year high of $160.4 billion in February.
- Since then, the kingdom has pared back its exposure, largely through reductions in Treasury bills and other short-dated securities.
Geostrategy
Dubai completes 30% of dedicated bus and taxi lanes expansion project
Dubai, UAE -- Dubai's Roads and Transport Authority (RTA) has completed 30% of a project to build 14.5 km of...
- The project will add 14.5 km of dedicated lanes across six major roads, lifting Dubai's total network to 20.6 km.
- RTA expects shorter travel times, improved service reliability and higher public transport ridership following completion.
Geostrategy
Vance hails ‘historic’ US-Iran talks as Trump warns Tehran over Lebanon ‘proxies’
US and Iranian negotiators opened talks in Switzerland amid renewed tensions over Lebanon, with both sides linking progress to regional...
- Trump threatens fresh strikes on Iran if Hezbollah attacks continue, raising pressure as negotiations enter a critical phase.
- Tehran says no final agreement is possible without a lasting Lebanon ceasefire and keeps Hormuz Strait closed.
Business
Saudi tourist arrivals rise to 122.6 million in 2025, spending hits $81 billion
The growth was driven primarily by domestic travel, which reached 93.3 million tourists, up 8.3% from 2024, while inbound visitor...
- Leisure and holiday travel attracted 7 million visitors, while visits to friends and relatives totaled 4.4 million. Business travel rose 14% to 2.3 million visitors.
- Hospitality capacity expanded sharply, with licensed rooms rising 25.4% as tourism's contribution to GDP edged higher.
Geostrategy
Trump threatens Hormuz tolls as Iran keeps strait closed ahead of Switzerland talks
The developments came ahead of technical talks between U.S. and Iranian officials expected in Switzerland as both sides seek to...
- Iran links renewed Hormuz closure to continued Israeli strikes in Lebanon and questions implementation of the interim accord.
- Lebanon's state news agency NNA said Israeli strikes killed at least 20 people on Saturday.
Geostrategy
Iran closes Hormuz over Lebanon strikes as US, Iranian teams head to Switzerland
Iran's joint military command said the move was prompted by what it described as Israeli violations of the understanding reached...
- Technical discussions on implementing the interim accord are expected in Switzerland amid mounting regional tensions and uncertainty.
- Lebanon's health ministry said the death toll since the latest Israel-Hezbollah conflict erupted on March 2 had reached 4,057.
Business
AD Ports launches UAE-Iraq integrated logistics service
Dubai, UAE -- AD Ports Group has launched an integrated logistics service linking the UAE's Khalifa Port with Iraq's Umm...
- Weekly shipping link targets growing container and Ro-Ro traffic moving between Iraq, the UAE and neighbouring markets.
- Enhanced logistics capabilities at both ports aim to improve cargo handling efficiency and long-term supply chain resilience.
Geostrategy
Lebanon violence tests US-Iran accord as Israeli ministers harden rhetoric
Lebanon's Health Ministry said at least 21 people were killed and 39 wounded in overnight strikes across southern Lebanon.
- "For every tear of an Israeli mother, a thousand Lebanese mothers must weep," Israeli minister Itamar Ben-Gvir wrote on social media.
- Iranian Foreign Minister Abbas Araghchi condemned the remarks, saying they reflected Israel's desire for "permanent war".
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...
Business
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Tabreed H1 revenue $308m
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Dubai Chambers, NASSCOM to expand cooperation on Agentic AI
Dubai Chambers has signed a memorandum of understanding with India's National Association of Software and Service Companies (NASSCOM) to expand...
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...
Business
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...
Geostrategy
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Business
Middle East Energy expects 1,528 exhibitors for 50th Dubai edition
Middle East Energy will host its 50th edition in Dubai next month with 1,528 global energy companies confirmed to exhibit,...
- The exhibition will run from Sept. 1 to 3 at Dubai World Trade Centre under the patronage of the UAE Ministry of Energy and Infrastructure.
- Buyers participating in the event's Energy Club have more than $98 billion in live energy projects across the Middle East, Africa and South Asia, organisers said.
Business
Ajman rental contracts reach $792 million in first half
Dubai, UAE -- The total value of rental contracts registered in Ajman reached approximately AED2.91 billion during the first half...
- The emirate recorded 73,472 registered rental contracts as authorities highlighted sustained demand for housing and investment during the period.
- Officials linked the activity to Ajman’s efforts to strengthen infrastructure, smart services, legislation and its broader investment environment.
Geostrategy
Trump rejects Iran deal extension as regional tensions mount
The US president says Iran will not make the deal he considers necessary, while Washington declines to extend the expired...
- Tehran condemns a drone attack in Iraqi Kurdistan, warns companies supporting US operations and faces renewed tensions around Hormuz.
- US envoy Kushner said his meeting with Hamas had been “very cordial” and that the group could begin disarming soon.