Search Site

Trends banner

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

Iran voices ‘serious doubts’ over Israel’s commitments, including the ceasefire

Iran also writes to the UN chief to recognize the Israeli regime and the United States as the "initiators of...
  • According to Iran's health ministry, at least 627 civilians were killed and 4,900 injured during the 12-day war with Israel.
  • Retaliatory missile attacks by Iran on Israel killed 28 people, according to Israeli authorities.

Airlines suspend or reduce flights in Middle East after Iran strikes

British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....
  • Germany's Lufthansa group, whose other airlines include Swiss, Austrian and ITA, has suspended flights to the Middle East until June 30.
  • Turkish airline Pegasus has scrapped flights to Iraq, Jordan and Lebanon until June 30, and Iran until July 30.

MENA Brief | June 19: GCC central banks hold interest rates steady, Diriyah House launched in London

As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
  • Saudi-based Cluster2 Airports Company signed a strategic MoU with Airbus. The agreement will see the deployment of the Agnet Turnaround platform across Cluster2’s 22 airports.
  • Saudi National Bank (SNB) has issued $1.25 billion in Tier 2 bonds at a 6% profit rate under its $10 billion Euro Medium Term Note program.

MENA Brief – June 16: Netanyahu eyes Gaza breakthrough, Iran rejects talks, Trump at G7, UAE oil giant bids big

Israeli Prime Minister Benjamin Netanyahu says there’s a fresh opening to free hostages held in Gaza, backing a US-mediated proposal...
  • In major energy news, Abu Dhabi’s state-owned oil company has launched an $18.7 billion takeover bid for Australia’s Santos, offering a 28% premium
  • The UAE’s economic momentum remains strong: its GDP grew 4% in 2024 to AED1.77 trillion, driven by a 5% rise in non-oil sectors

MENA Brief June 14: Iran-Israel War, Abu Dhabi Summit, Saudi Football Rise, & More

Tensions spiked as Iran fired ballistic missiles at Israel in retaliation for Israeli air raids that killed senior Iranian military...
  • Tensions spiked as Iran fired ballistic missiles at Israel in retaliation for Israeli air raids that killed senior Iranian military leaders and hit nuclear sites
  • French President Emmanuel Macron confirmed that the planned UN conference on a two-state solution in New York has been delayed due to security and logistical concerns

MENA Brief: Key Geopolitical, Defence, and Innovation Updates – June 11, 2025

Regional tensions, high-stakes defence deals, and new innovation-led collaborations defined the Middle East and North Africa landscape on Wednesday. Here’s...
  • Turkey announced a landmark agreement to supply 48 domestically produced KAAN fifth-generation fighter jets to Indonesia
  • Kuwait announced that expatriates working in the private sector will now require employer consent to leave the country

MENA brief Jun 11: Umrah returns, ADGM surges, Abu Dhabi property market up

China has extended visa-free entry for up to 30 days to citizens of Saudi Arabia, Oman, Kuwait, and Bahrain—boosting bilateral...
  • Mashreq Bank’s debut $500 million sukuk listed on Nasdaq Dubai under its $2.5 billion program offers a 5.03 % profit yield.
  • Nigeria’s planned $5 billion oil‑backed loan with Saudi Aramco is stalled amid falling Brent crude prices and production constraints.

From Iran Talks to Dubai Metro: Key Middle East Developments You Need to Know on June 10, 2025

Key developments across the Middle East today highlight regional diplomatic, economic and humanitarian trends
  • Sheikh Mohammed launches 30km expansion featuring world's highest metro station (74m) to serve growing population
  • After 12-year exclusion, Damascus prepares to reconnect to global banking network to formalize trade

Key MENA trends: M&A surge to five-year high, Saudi port activity rises in May

Qatar's foreign reserves rise 3.6 percent year-on-year despite a dip in bonds and treasury holdings, Iraq releases Australian and Egyptian...
  • Egypt and Turkey continue their coordination on ceasefire efforts and humanitarian aid, as diplomatic momentum struggles against on-ground escalation.
  • The ICRC has warned that the healthcare system is on the brink of collapse, with medical infrastructure under increasing strain from ongoing hostilities.

MENA Outlook: Diversification, AI, and economic integration take centre stage

As the region pivots toward a post-oil future, recent developments across the Middle East and North Africa suggest an accelerating...
  • Saudi government announced a $5.6 billion fertilizer JV between SABIC and Aramco, while also adopting new green building codes to reduce emissions
  • From launching the world’s first AI-powered media council to streamlining family business, Abu Dhabi and Dubai are reinventing the regulatory ecosystem to attract global capital

Saudi Arabia, UAE rank among top 20 nations globally for AI talent density

With the goal of becoming one of the world’s top 10 countries in AI research and application by 2030, Saudi...

Latest News

Biden, Kadhemi meeting to focus on US troop withdrawal from Iraq

The White House talks between the two allies come just a week after a deadly attack claimed by the Islamic...

Qatar takes key step to control own airspace

Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...

Dubai authorities probe Jebel Ali Port blast

Dubai authorities were Thursday investigating an explosion on a container ship carrying flammable materials which unleashed a fireball at one...

UAE consumers prefer online motor insurance

74% of the customers buy car insurance online in the UAE More than 90% of the consumers review car insurance...

Saudi suspends UAE flights due to virus variant

Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant,...

Salini awarded $600m contract for 400 retail units in Diriyah Square

Riyadh, Saudi Arabia -- Diriyah Company has announced the award of a major new $600 million (SAR2.249 billion) contract for...

UAE, Germany launch joint business council to strengthen economic ties

Berlin, Germany - Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Special Envoy to the...

Esports World Cup returns with record-breaking participation, global reach

Riyadh, Saudi Arabia - Saudi Arabia continues to cement its position as a global hub for gaming, esports, and entertainment...

Most Read

Saudi chocolate industry booms with over 3,500 commercial records

Riyadh, Saudi Arabia -- On the World Chocolate Day, Saudi Arabia's Ministry of Commerce announced that the total number of...
  • Riyadh leads the Kingdom in chocolate manufacturing, boasting 1,490 commercial records.
  • Saudi Arabia is the region’s biggest market for chocolates and, in 2024, the Kingdom imported a whopping 123 million kg of chocolate.

Iran voices ‘serious doubts’ over Israel’s commitments, including the ceasefire

Iran also writes to the UN chief to recognize the Israeli regime and the United States as the "initiators of...
  • According to Iran's health ministry, at least 627 civilians were killed and 4,900 injured during the 12-day war with Israel.
  • Retaliatory missile attacks by Iran on Israel killed 28 people, according to Israeli authorities.

Airlines suspend or reduce flights in Middle East after Iran strikes

British Airways cancelled flights between London's Heathrow Airport and Dubai and Doha on Sunday following the US strikes on Iran....
  • Germany's Lufthansa group, whose other airlines include Swiss, Austrian and ITA, has suspended flights to the Middle East until June 30.
  • Turkish airline Pegasus has scrapped flights to Iraq, Jordan and Lebanon until June 30, and Iran until July 30.