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
Geostrategy
Saudi Arabia’s East-West pipeline shutdown puts 4% of global oil supplies at risk
Oman, meanwhile, postpones meeting with Gulf states and Iran on possible Strait of Hormuz agreements, Foreign Minister Badr Albusaidi said,...
- Hormuz shipping remains constrained, with four vessels exiting the Gulf and 10 entering over the weekend, preliminary data showed.
- Oil prices rose sharply on Monday, with Brent crude climbing above $107 a barrel.
Business
UAE non-oil trade with BRICS countries reaches $312 billion, says minister of foreign trade
Dr. Thani bin Ahmed Al Zeyoudi said trade with BRICS countries grew 28.5 percent in 2025 from the previous year,...
- Al Zeyoudi said UAE seeks stronger trade facilitation, free trade agreements and comprehensive economic partnerships to diversify its economy.
- The minister said the UAE had strengthened such partnerships even before joining BRICS as part of its strategy to diversify the economy and open new markets for the private sector.
Analysis
The long memory of Dubai’s debt markets
Binghatti’s review comes as net profit rose 64% year-on-year, while Moody’s had only five months earlier cited strong liquidity, disciplined...
- Emaar operated normally through its 2009 review, later delivering stronger leverage, higher interest coverage and a AED127 billion backlog.
- Nakheel’s 2009 crisis required AED8 billion in government liquidity support, while creditors accepted repayment terms in a 2010 restructuring.
Geostrategy
Attack on Iranian vessel in Hormuz leaves one dead, 3 injured
Tehran blamed "American enemy" for the attack, which came a day before a meeting between Iran and Gulf states in Oman...
- Houthis claimed a missile and drone strike on a Saudi military base, while Tehran sought to distance itself from the group’s actions.
- Houthi military spokesman Yahya Saree said the group used ballistic missiles and drones to target a military base in Sharurah, southern Saudi Arabia.
Geostrategy
Houthis take control of key Bab el-Mandab island
A drone attack originating from Iraq leads to the closure of Saudi Arabia's key oil pipeline, prompting Baghdad to order...
- US forces have redirected 99 commercial vessels as Washington tightens its naval blockade of Iran amid continuing attacks on shipping.
- US President Donald Trump said the war with Iran would end “very soon”.
Geostrategy
IRGC targets US sea drone as Hormuz traffic falls to single digits
The claim came a day after Iran said it had captured an unmanned US submarine drone, while the US military...
- Trump says he would repeat his decision to wage war, while Gulf states prepare for talks with Iran over a temporary shipping arrangement.
- Iran’s attacks have also caused material damage to US aircraft at Jordan’s Muwaffaq Salti Air Base, according to a US official cited by Reuters.
Business
Sharjah real estate transactions reach $1.25 billion in August
Sharjah recorded 4.6 billion dirhams ($1.25 billion) in real estate transactions in August, with activity spanning 120 areas across the...
- Sharjah recorded 9,139 real estate transactions in August, with sales spanning residential, commercial, industrial and agricultural properties.
- Al Menhaz led by trading value at $166.4 million, while Industrial Area 4 recorded the month's largest deal at $15 million.
Geostrategy
Projectiles hit Iran’s Sirik, Minab, Qeshm Island as oil crosses $100 a barrel
Trump, meanwhile, says he expected the war to end “immediately after” the US midterm elections in November, alleging that Iran...
- Explosions and reported projectile strikes hit Sirik as Iran-US attacks escalate, pushing oil above $100 and raising Hormuz risks.
- Iran's UN envoy, Gholamhossein Darzi, condemned new US sanctions targeting the Iranian aviation sector, calling them “economic terrorism”
Geostrategy
Four Palestinians killed as pressure mounts over West Bank settlements
The UK and 11 other countries have announced support for trade sanctions targeting Israeli settlements in the occupied West Bank....
- The latest deaths in Nablus, Qalqilya and Tulkarem brought the Palestinian Health Ministry’s West Bank toll this year to 100.
- US Secretary of State Marco Rubio stopped short of condemning Britain's decision to impose sanctions on illegal Israeli settlements.
Geostrategy
US and Iran exchange attacks on oil tankers, warships as oil heads to $100
The US military said it destroyed five Iranian crude oil carriers after Iran’s Islamic Revolutionary Guard Corps (IRGC) launched ballistic...
- Jordan intercepted most Iranian missiles targeting its territory, while Tehran claimed further strikes against American vessels and tankers in Hormuz.
- Washington expanded pressure on Tehran with new airline sanctions as shipping disruptions threatened to deepen energy-market uncertainty across the region.
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
Latest News
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...
Geostrategy
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
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...
Business
Most Read
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.