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...
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...
Geostrategy
flydubai Aleppo flights resumed
Business
Geostrategy
Winter rains, flooding and limited aid worsen Gaza tragedy: IOM
"Vulnerable people, including at least seven infants, have died from hypothermia, and these tragic deaths underscore the urgent need for...
- As of mid-Dec, the Shelter Cluster, a coordination group of UN, international and local humanitarian, estimates at least 945,000 still urgently need winterization assistance.
- IOM has delivered nearly 180,000 emergency shelter items to partners inside Gaza since mid-November and has over 1.5 million more winter supplies.
Business
Oil extends gains on hopes of policy support for economic growth
Singapore - Oil prices extended gains on Friday after closing at their highest in more than two months in the...
- Brent crude futures rose 16 cents, or 0.2 percent, to $76.09 a barrel after settling at its highest since Oct. 25 on Thursday.
- Lower interest rates should spur more economic growth which would lead to higher fuel consumption.
Business
Dubai Airport set for record start to 2025: 4.3m guests in 15 days
Dubai, UAE -- Dubai International Airport (DXB) is on track to welcome 4.3 million guests in the first 15 days...
- With an average of 287,000 guests passing through daily during this period DXB is operating at volumes akin to its busiest months ever.
- This performance reflects a surge in international visitors flying out after the festive season, coupled with residents returning from holidays.
Business
Dubai real estate market saw record transactions worth $142.1bn in 2024
Dubai, UAE -- Dubai’s real estate market recorded 180,900 transactions worth AED 522.1 ($142.1 billion) in 2024, a market report...
- The transaction volume surged by 51 percent to 119,800 in 2024, reflecting a substantial increase in buyer confidence and developer activity.
- There was also a steady appreciation in the average price per sq ft, which was up 10 percent to AED 1,600.
Geostrategy
Israeli forces killed 45,553 Palestinians since Oct 2023: Health ministry
Gaza, Palestinian Territories -- The Israeli forces have killed at least 45,553 Palestinian civilians and injured at least 108,379 others,...
- At least 108,379 other civilians, most of them children, have been injured and thousands remain under debris.
- The ministry said the Israeli forces committed two massacres against Palestinian families in the Gaza Strip over the past 24 hours.
Business
Saudi PIF’s assets up by $11.44bn by the end of third quarter 2024
Riyadh, Saudi Arabia – The value of assets under Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) assets—both...
- The number of subscribers recorded a 51 percent increase, representing nearly 528,000 subscribers, to reach 1,570,452 subscribers, compared to 1,042,484 at the end of Q3 2023.
- Foreign investment assets recorded an annual growth of 15.1Â percent, increasing by over SARÂ 3 billion to reach SARÂ 25.656 billion, which accounts for 16% of the total asset value.
Economy
Unemployment rate among Saudi nationals 7.8 percent in Q3
Riyadh, Saudi Arabia -- Unemployment rate among Saudi nationals reached 7.8 percent in the third quarter of 2024, a year-on-year...
- Data released by the General Authority for Statistics (GASTAT) said that the Saudi and non-Saudi labor force stood at 66.6Â percent, a 0.4 percentage point increase over Q2 of 2024.
- Saudi women's participation in the labor force, which increased by 0.8 percentage points, to 36.2Â percent and men's participation up by 1.1 percentage point.
Business
Key healthcare digital trends to watch in 2025
From AI-powered content creation to automated feedback systems, technology is streamlining operations and improving patient care.
- One of the most notable shifts is the growing ability to harness patient data responsibly for tailored marketing and engagement.
- Reputation management is taking center stage as well, with automated systems streamlining the collection of patient feedback and testimonials.
Economy
UAE real GDP grows by 3.6% in first half of 2024, says economy minister
Non-oil sectors' contribution to GDP reaches 75%. Economy minister Abdulla bin Touq Al Marri says the growth reflects the dynamic...
- The Minister said that the robust growth of non-oil sectors during the first half of 2024 reflects the dynamic nature of the UAE's economy.
- Transportation and storage activities led economic growth in the first half of 2024, with an impressive 8.4 percent growth rate.
Business
SHUAA okays MCB tranches
The two tranches will be converted into equity at the earliest opportunity.
- The first tranche, valued at up to AED150 million, will be offered to existing shareholders through a private placement.
- The second tranche, valued at up to AED275.5 million, will be offered to holders of existing bonds issued by a SHUAA-related special-purpose entity under the same conversion terms.
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...
Geostrategy
Company News
Latest News
flydubai Aleppo flights resumed
Business
Houthis claim Saudi missile attack as Trump says ‘talking to Iran’
The Houthis said on Telegram that a "Yemeni missile strike" had sparked fires in Jizan. Saudi authorities did not immediately...
Geostrategy
Dubai property’s case of déjà vu
Philion says don't mistake a freeze for a fall. On the historical pattern, sharp shocks in a structurally supported Dubai...
Opinion
Netanyahu orders new West Bank settlements
Dubai, UAE -- Israeli Prime Minister Benjamin Netanyahu said on Friday his government would establish new settler outposts in the...
Geostrategy
Most Read
Geostrategy
Trump imposes tariffs on 60 countries over forced labor concerns
The new tariffs, ranging from 10 percent to 12.5 percent, will take effect as temporary 10 percent worldwide tariffs imposed...
- The tariffs, which are paid by U.S. importers, could increase costs for businesses and consumers ahead of November's midterm elections.
- The International Labour Organization estimates that about 27.6 million people worldwide were in forced labor on any given day in 2021.
Business
Dubai Chambers legal events draw 1,551 business representatives in H1
Dubai, UAE -- Dubai Chambers said it organized 15 legal events during the first half of 2026, attracting 1,551 representatives...
- Seminars and workshops cover employment law, taxation, contracts, intellectual property and UAE Civil Transactions Law developments for businesses.
- Dubai Chambers said the initiative aims to help companies keep pace with legislative changes, strengthen compliance, reduce legal and operational risks and enhance competitiveness.
Business
FAB profit edges higher
Income growth supports steady earnings.
- First Abu Dhabi Bank posts $2.92 billion first-half profit as operating income, lending and margins continue strengthening performance.
- AI deployment boosts productivity while sustainable financing reaches 79 percent of the bank's 2030 target during first half.