US consumer confidence hits its lowest level since 2014 on higher cost of goods, services
The Conference Board’s gauge of confidence decreased 6.7 points to 81.9 after a downward revision to the prior month, data...
Economy
DEWA completes $2.70 billion refinancing for Noor Energy 1
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) has completed a $2.70 billion refinancing of Noor Energy 1, the...
Geostrategy
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...
- Iran’s security chief Mohsen Rezaei warns Tehran could halt Gulf oil exports, calling countries supporting US sanctions hostile to Iran.
- Oman’s foreign minister will visit Tehran as both sides seek dialogue over regional stability and the strategically vital Strait of Hormuz.
Arts & Culture
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.
- Research at Jebel Al Buhais found repeated human occupation spanning 60,000 to 16,000 years amid major climate fluctuations.
- A newly discovered Al Ain tomb contained remains and artefacts that could reveal ancient migration, diets and trade networks.
Geostrategy
Iran warns states joining US sanctions would be deemed ‘enemies’
Tehran says Washington’s campaign could deepen nuclear insecurity, while Trump renews his claim over the Strait of Hormuz.
- Macron and Saudi Crown Prince Mohammed bin Salman are set to discuss regional stability, energy and strategic cooperation in Paris.
- Six European governments are pushing an EU-wide windfall tax on oil companies, citing soaring refining margins and living costs.
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.
Geostrategy
Hormuz ship crossings halve as Iran war disrupts energy flows
No very large crude carriers or liquefied natural gas tankers were among the vessels recorded. One very large gas carrier...
- Only Hormuz crossings halved to seven commodity ships as shipping risks intensified and US-Iran peace talks remained stalled.
- Brent was headed for a second weekly rise, gaining more than seven percent over five sessions amid supply disruptions.
Business
Emarat, Dell Technologies sign AI adoption agreement
Emirates Petroleum Company P.J.S.C. (Emarat) has signed a memorandum of understanding with Dell Technologies to accelerate artificial intelligence adoption and...
- Emarat and Dell Technologies signed an agreement to accelerate intelligence adoption, identify use cases and strengthen data-driven decision-making.
- Emarat’s transformation agenda targets greater efficiency, resilience, stronger technology capabilities and sustainable growth through digital partnerships across sectors.
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...
- UAE customers can use Jaywan cards across Etihad’s network, while Royal holders will receive discounts and priority benefits.
- Etihad’s partnership with Al Etihad Payments follows a memorandum signed last October, deepening ties between airline and payments operator.
Geostrategy
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.
- Trump did not identify specific countries or measures, but warned businesses, banks, airports and governments could face major economic penalties.
- Iranian Foreign Minister Abbas Araqchi said further pressure would fail, as Washington and Tehran remained deadlocked over the strait.
US consumer confidence hits its lowest level since 2014 on higher cost of goods, services
The Conference Board’s gauge of confidence decreased 6.7 points to 81.9 after a downward revision to the prior month, data...
Economy
Company News
Global economy stabilizes as fiscal room narrows, WEF says
Expo 2020 DUBAI
Latest News
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
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
Iran sets seven conditions for talks as Turkey pushes proposals
“Tehran's message is clear and unambiguous; if Washington wants to escape the quagmire it has created for itself and avoid...
Geostrategy
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Geostrategy
Iran war cost Arab economies $150bn in the first month alone, UN official says
Meanwhile, Trump says: “Do I want to go in and annihilate them, or do I not? It’s a big decision....
- Shipping through Hormuz remains sharply reduced. Preliminary data showed only four cargo ships crossed the Strait on Thursday.
- In Yemen, Houthi leader Abdel-Malik al-Houthi accused Saudi Arabia of using Mecca for political and military goals and said current battlefield actions were defensive.
Business
Mohamed bin Zayed Water Initiative, WEF sign water partnership
The Mohamed bin Zayed Water Initiative and the World Economic Forum have signed a partnership to accelerate water innovation and...
- The two-year partnership aims to connect water innovations with financing, policy support, markets and partnerships needed for wider deployment.
- The organisations will convene government, business, finance and civil society leaders while sharing expertise to accelerate water innovation globally.
Geostrategy
Trump says US nearing end of Iran war
The United Nations, meanwhile, called for de-escalation and diplomacy; Oil prices fell as Saudi Arabia offered additional crude cargoes through...
- Trump says he has spoken directly with Iran as Tehran demands practical US steps to build confidence, while China-backed diplomacy gains momentum.
- South Korea, meanwhile, said it had not decided whether to deploy military forces to the Strait of Hormuz.